Cobra's Market View

uempel wrote:There is a nice (linear) channel going back to 2009 and SPX might have made a bottom at the lower edge.

SPX4.png

50MA at 117.98 in the SPY monthly is also a confluence of support.

futures liquidity is same as afterhours. super super thin... i wonder if it's the bots or actual traders ?

Cobra wrote:

oldpigwang wrote:Cobra Da: Still sell the bounce, right? Look for better point to enter Spy put, d u think ok?

I don't know when to sell the bounce, depends on your time frame. you should know if there's any bounce, it cannot be small bounce. Check Oct 2008 for example.

if history repeat, this looks like the first down bar in 09/29/2008

agnosia wrote:futures liquidity is same as afterhours. super super thin... i wonder if it's the bots or actual traders ?

Agnosia: we used to have trader activated BOTS. Now we have BOT activated traders!

Is that a little bull flag forming in the SPY since 12:15? Can it be? I am not sure I believe my eyes.

2 bar reversal then a strong follow-through, so more on the upside.

BKX
Update.
http://99ercharts.blogspot.com/2011/08/bkx_05.html

green finally...but damage is done to the chart...
and $RUT lag behind a lot

One chart yesterday's close; one chart just now. This market is.......speechless. But charts still talk!

today is the see-saw day

1222 - 1167 -- 1212 expert ppl made killings on this 80 points day

if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

I LOVEEEEEEEEEEEEEEEEE GGGGGGGREEEEEEEEEEEENNNNNNNNNNNNNN!!!!!!!!!!!!!!!!!!

LOl vix went from like +20% to like +1 ahhaha. First time seeing that, quiet an experience. I was up big, then down big, then up big. What a crazy day.

Watch your head...
SPX http://99ercharts.blogspot.com/2011/08/spx_2209.html

Low ceiling.

agnosia wrote:if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

i am not saying i did... i am sure there were ppl who were able to do it.

Intra-day UPRO = UltraPro SPX

Cobra, is the C word for real this time?

agnosia wrote:if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

My 4 ops today:

Short 1193 - 1189 x2
Long 1183 - 1188 x2
Long 1177 - 1186 x2 (SP)
Long 1196 - 1201 x1

Now on cash. No failed op today.

Yesterday, things were slightly different. I was the bigger shorting guy last 6 months... it was MY day and i couldn't figure was going on till half session.

agnosia wrote:if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

I don't use stops a lot of time but I don't believe anyone without sophisticated equipments could be able to trade. I saw FAS at 16.15 but by the time to I wanted to put the order it was 17.10 and two second later 18.xx

Bull trap.
SPX http://99ercharts.blogspot.com/2011/08/spx_7890.html