Cobra's Market View

Posted: **Tue Aug 02, 2011 3:57 pm**

We got the 11900 and now we have a chance at 116oo/11500 next.First we may go up but maybe not much.

Posted: **Tue Aug 02, 2011 3:57 pm**

Doubled up on Dow buy at 11871

Green day tomorrow - one hopes !

Posted: **Tue Aug 02, 2011 3:59 pm**

soku wrote:tons of rumor:
margin calls for long liq, possible qe3.
i saw equity down, gold up

bill gross to be the president!

since his interview on cnbc around 3:15, i grab 10 points each on gc and es
my new line in sand is at 1246 es which happen to be spx 1250

Posted: **Tue Aug 02, 2011 4:00 pm**

Posted: **Tue Aug 02, 2011 4:02 pm**

yeah, only closing bell would stop bears not futures of course. Thank you guys, I'll see you tomorrow.

Posted: **Tue Aug 02, 2011 4:07 pm**

Gov't spending is 40% of GDP. When Gov't reduces spending, GDP will get cut and so stock markets.
More downside to come IMO. Expecting SPX 1000.

Posted: **Tue Aug 02, 2011 4:14 pm**

8 straight down. worst since leh.
i am eager to read cobra's report. make sure to put together a good one

long live the bears

08/02/2011 Intraday Watering