Cobra's Market View

Dow Trader wrote:wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

waiting for it.

BullBear52x wrote:5th time is the charm?

Maybe..I'm out of shorts..I'm thinking the mkt will push up.

silicon_beaver wrote:

hiram wrote:agreed....taking a risky flip into zsl 15 aug 20 calls today just for the fact that commex expired today and many 1600 calls turned into futures which usually means all the new owners should get a gut check between now and friday. not many just 30 for fun. same works for 40 on silver

hiram

not only that.

This Friday should see windowing effect, end of month. and next beginning of month is right Aug 02 2011. that makes this Friday specific.
so my thought is silver/rare earth will hold or rally until this Friday. next month they might pull back.

good point, i am watching very closley for opp to short silver in a big way only temporarily no doubt that long term we go much mcuh higher from here but the beta in silver is 2/1 vrs gold so when it corrects due to velocity it works great for quick money in options.

Dow Trader wrote:wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

can you give a hit the direction of the move? Thanks.

Same chart I posted this morning, LL and LH is clearly identify here.

trend line support. have to admit, bears are little bit stronger. why? for the same measured move target, bulls were short but bears exceeded the target, so bears a little stronger. anyway, let's wait and see, pretty much i'm clueless about the market now.

ysc wrote:

Dow Trader wrote:wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

can you give a hit the direction of the move? Thanks.

I bet it will be shooting up. There are two days stabilization already (proving market won't move down).

KENA wrote:

BullBear52x wrote:5th time is the charm?

Maybe..I'm out of shorts..I'm thinking the mkt will push up.

You are thinking again the market doesn't care what we think!

Dow Trader wrote:wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

I agree = but who's going to want to hold overnight tomorrow with GDP coming out Thursday........ not me.

BullBear52x wrote:

KENA wrote:

BullBear52x wrote:5th time is the charm?

Maybe..I'm out of shorts..I'm thinking the mkt will push up.

You are thinking again the market doesn't care what we think!

Yup..I forgot about that.

$RUT is down almost 0.54% and TNA is down by almost 2.0%. We are dealing 4x etfs now.

the bigger picture also shows bears are little bit stronger as the rebound can be seen as a bear flag.

ysc wrote:

Dow Trader wrote:wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

can you give a hit the direction of the move? Thanks.

I don't know, specially the market is telling us that this news is big and forex market ( they are most of the time correct not always ) telling us that the move is up , I am long EUR days ago and Dow but I have my stops and I can quickly reverse based on my strategy and pattern if my signal flashed sell, I also know how much I will gain or loss ( monye management ) but so far it will be for me 99.99999 % win trade based on my strategy.

Tabby wrote:$RUT is down almost 0.54% and TNA is down by almost 2.0%. We are dealing 4x etfs now.

if you hold TZA you would not care right? hahahaaaaa

See you guys, Thanks to all especially Laoda Cobra ( I don't know what laoda means, hope it's not negative )

Hi Cobra, During the wait and see period, did you add or plan to add any long/short positions?

still fighting at trend line.

alandon wrote:Hi Cobra, During the wait and see period, did you add or plan to add any long/short positions?

no. will day trade only. and even day trade, i will trade only trend day, not the day like today. see, i'm very consecutive. it's my good and my bad, otherwise I'd pretty much at one famous beach now or already bankrupted.

oh, no, come on.

a little measured move on a little bigger picture. I'm not saying will reach there, i have no idea about the market now, just to share some info.

Looking bearish, fellas.