Cobra's Market View

Roar!

C&H target.

Noticing not as much volume on this SPY push up. Big guys out?

Never mind Scott crashed again on high volume. Price moved, but volume not updated, then a session termination. What a POS.

Cobra wrote:

laoguo wrote:It looks like the bears in this forum have thrown in the towel. Yesterday was my first day registered here and I was astonished.

OK, let's count bears now. All bears here please raise your claw now!

Added more put this morning

xfradnex wrote:Noticing not as much volume on this SPY push up. Big guys out?

i don't know, i'm seeing similar volume as yesterday, no?

A weak bear. almost neutral.
I closed my long positions. half of them under "covered calls". hence a moderate Bull is also good for me.

BullTart wrote:Another double convergence on the Qs (from SOH thx Tim!)

yes, this was (temporarily) the end of the bears resistance I guess

just watch the spike in volume, incredible

<script src='http://img694.imageshack.us/shareable/? ... i.png&p=tl' type='text/javascript'></script><noscript></noscript>

that looks like exhaustion on the 5 minute.

silkway wrote:

Cobra wrote:

laoguo wrote:It looks like the bears in this forum have thrown in the towel. Yesterday was my first day registered here and I was astonished.

OK, let's count bears now. All bears here please raise your claw now!

Added more put this morning

I'm still in puts but added some calls this morning for the short term.

couldn't/ wouldn't buy into this ponzi shite if you handed me the cash.
awaiting the turn and scalping extremes currently.
Gud luck bears , feel for u trapped shorts, had many a squeeze and it's not nice.
Stops! Only way to learn, I still kop for a kick occasionly when cocky.

market very strong. breadth strong too. volume high, a:d seems bullish.
hanging around es 1200 area to verify the break out. my short plan never played out. i guess i will have to wait to tomorrow.

progruss wrote:Hi Cobra - what do you think of my target for AAPL?

http://stockcharts.com/h-sc/ui?s=AAPL&p ... =230193575

aapl.png

yes, that's possible.

laoguo wrote:

Cobra wrote:

laoguo wrote:It looks like the bears in this forum have thrown in the towel. Yesterday was my first day registered here and I was astonished.

OK, let's count bears now. All bears here please raise your claw now!

Alright old snake, there are only 7 pages in the daily watering.

What does that mean?

that usually means the market is boring.

Cobra wrote:

progruss wrote:Hi Cobra - what do you think of my target for AAPL?

http://stockcharts.com/h-sc/ui?s=AAPL&p ... =230193575

aapl.png

yes, that's possible.

Thanks!

last count, any bears left? I see lots of brave bears. any more claws?

Cobra wrote:last count, any bears left? I see lots of brave bears. any more claws?

Wounded bear

consolidation above the breakout point would be what bulls want, let's see.

errie similarity to yest
who is behind this rally (VERY) short term: VIX yes, tick yes, sto rsi yes, advancing issues 2250 yes, MAs yes
A nice little pullback, just a shallow one, or horizontal one that doesn’t hurt MAs, solid higher low that can stick, will be my quit-dickin-around-Al-and-get-in-already signal.
Ouch, she’s trying to hurt em

Cobra wrote:last count, any bears left? I see lots of brave bears. any more claws?

Count me in! My claws are sharper than ever! 1120 here we come!

stockcycle wrote:I think Bears are difficult to find the backup in few coming days: Greek debt faded, Italy parliamentary approval for a 54 billion-euro ($74 billion) austerity package http://www.bloomberg.com/news/2011-09-1 ... ament.html. The Q3 windows dressing. Not mention the EQ3 or something alike hope.

It is my personal dilemma when I find the support above and the pressure below (sell when SPY<MA200, up 4 consecutive days):