Cobra's Market View

Laoda im off for the weeekend ! Thanks for the amazinggggg calls as usual! Enjoy yard workkk! Please dont fall under any big plants

See u all mondayy!!!

AK84 wrote:Laoda im off for the weeekend ! Thanks for the amazinggggg calls as usual! Enjoy yard workkk! Please dont fall under any big plants

See u all mondayy!!!

See you! Have a nice weekend!

good, very good, scored another round and the rebound isn't over yet, let's wait and see.

lol

It's the "end of the world" and the vix still can't go up past where it was a few days ago when the market was higher. Put buyers are getting screwed in a big way.

Cobra wrote:good, very good, scored another round and the rebound isn't over yet, let's wait and see.

this could means, we are going to gap up and go on Monday

At 2pm est, the Fed announced they are buying another $62 billion, most of it by the end of June

http://www.newyorkfed.org/markets/tot_o ... edule.html

67Chevy wrote:At 2pm est, the Fed announced they are buying another $62 billion, most of it by the end of June

http://www.newyorkfed.org/markets/tot_o ... edule.html

That looks like nothing additional though, interesting why the market popped, there is nothing new here...

so far so good exactly as I planed (except i wasn't expecting this huge rebound but of course I won't tell you this details so that i look very cool in predicting the market ), but i'll maintain my evil plan, don't expect a lower low this time though.

67Chevy wrote:At 2pm est, the Fed announced they are buying another $62 billion, most of it by the end of June

http://www.newyorkfed.org/markets/tot_o ... edule.html

It's called QE3, but they will never call it that. The bottom line is that the Fed is still going to support the market as long as the news is bad. When the news starts getting "too good" then bulls should be a little worried. It's actually the reverse of what you'd expect, but hasn't that been the trend the past two years?

BAD IS GOOD AND GOOD IS BAD

more up.

I far as I could see, financials were responsible for the rebound, take a peek at XLF (volume surge), still nothing serious at this point. Interesting though, could be that some kind of program kicked in. I also see that NYA touched the 200 EMA (barely)...

cobra, still think more up? trying to go long here

pure feelings, still think more up, although down from here would make me look very cool for the 3rd score...

alvian33 wrote:cobra, still think more up? trying to go long here

I won't long, although I still think up.

need H1 to seal the deal. up up up olay olay olay, up up up olay olay olay...

cletus wrote:

67Chevy wrote:At 2pm est, the Fed announced they are buying another $62 billion, most of it by the end of June

http://www.newyorkfed.org/markets/tot_o ... edule.html

It's called QE3, but they will never call it that. The bottom line is that the Fed is still going to support the market as long as the news is bad. When the news starts getting "too good" then bulls should be a little worried. It's actually the reverse of what you'd expect, but hasn't that been the trend the past two years?

BAD IS GOOD AND GOOD IS BAD

Excuse my ignorance but can someone explain why the $62b would equate to QE3? My impression was that it was a scheduled portion of QE2? What am I missing? Thanks in advance!

anyone can tell me why "go go go olay olay olay"? what does "olay" mean here? How to spell it? So that I can say it correctly the next time.

Cobra wrote:anyone can tell me why "go go go olay olay olay"? what does "olay" mean here? How to spell it? So that I can say it correctly the next time.

dno't be! if u r wrong, maybe more down!

tinted area the max text book target and usually the pattern should like this - a 2 legged up.

yes! up up up olay olay olay, up up up olay olay olay!