Cobra's Market View

dcurban1 wrote:

Travelfrog wrote:Isn't Nov 22 a Bradley Turn Date?

Yes.

Bradley's chart has a bump up then a downleg.

I am out for the day. Need to study and write.

Bradley Turn Dates
Nov 22
Dec 28

I guess once the direction is made clear bull or bear, we trend for a month.

cobra, u haven't talked about santa rally which could start during thanksgiving. any thoughts on that? will it happen this year?

disappoint in bulls, a trade back below my yellow line, it's a strong sell.

Recommend a good broker. I use Fidelity who suck big time. 8$ one way and I cannot short UCO, GLD and many other ETFs.

Al_Dente wrote:

BullBear52x wrote:

Al_Dente wrote:

Anyone see Dr. Al posting anything today? I think he mistakenly put himself in everyone foes' folder. if you see his post tell him I missed him, and please straighten up his foes folder.

Gad-forbid u post a music link, buddy… if/when u do, just make sure the singer is fully clothed please
However, as with all “rules”, there are exceptions
http://www.youtube.com/watch?v=ae58cUQ1 ... re=related

Here's one for you Al....this basically sums up my life and trading....

http://www.youtube.com/watch?v=08cp9AL_7F0

Qs are weak, still looks like a Bear Flag.

pady wrote:Recommend a good broker. I use Fidelity who suck big time. 8$ one way and I cannot short UCO, GLD and many other ETFs.

Look at Scottrade. I like them. I dunno anything about shorting, personal preference. I trade with Fidelity too. I like their fast website.

pady wrote:Recommend a good broker. I use Fidelity who suck big time. 8$ one way and I cannot short UCO, GLD and many other ETFs.

Intyeractive brokers is the best in my mind. they allow you to short all the etf's and always have shares availble. Not to mention they are cheap

Cobra wrote:Qs are weak, still looks like a Bear Flag.

hi Cobra, how does the evil plan look 2day?
thanks

On Cobra's blog this morning some guy suggested that my chart looked like a Jackson Pollack (the painter). I like Jackson Pollack and felt kind of honored But my charts are money making machines, not art. Pollack could hardly live on what he made with his pictures, had a New York patroness who lent him a small house in East Hampton. Today his pictures are priceless - even Cobra doesn't have a Pollack in his collection

uempel wrote:

CognitiveDissonance wrote:

uempel wrote:Update, next change of direction at the green vertical.

h.png

uempel, do you see anything around Nov. 24 using Gann? I'm curious bc a trader I know swears that there will be a significant reversal then. I'm not too handy with Gann so I'm curious.

Thanks

CD

I posted this on Cobra's blog in early morning. It ain't Gann, it's what I call a Fuzzy, shows some strong move next week, d'ont know the direction yet. (I've been focussing on these charts lately and right now I don't have the time to check out Gannish grids - perhaps later (I'd post it to you directly).

gg.png

Thanks for taking the time to post, I do appreciate it.

SB73 wrote:Short at 124.08 stop 124.80

Cobra I want to personally thank you. This is a trade I would not have known to make in the past. I have now moved the stop up to preserve a gain regardless of market direction. It was just a scalp, but thank you.

soku wrote:cobra, u haven't talked about santa rally which could start during thanksgiving. any thoughts on that? will it happen this year?

There is always a Santa Claus rally, the only question is if it starts at 1100, 1000, or 900.

post this stuff on weekend, spooky if you don't think the power that be painting all these ahead of time.

quatzl wrote:Al, I do not know the TA genius, but I do appreciate your board contribution.
...http://www.youtube.com/watch?v=lyl5DlrsU90

Thanks quatzl for your very kind comment, and thanks for frankie
First, for you, a SEVEN day update showing you just how “strong” today’s trend is.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380

And here is my best news find of the day, that “reminds me of the time when...”

Our “supercommittee”, supposedly working night and day to meet the save-our-country deficit reduction target of a measly $1.2 trillion, is expected to suggest that when we withdraw completely from Iraq, we will meet half that target savings by “not spending” all those dollars in Iraq.

Brings to mind the Ross Perot story (before he went wacky). As a young over-achiever, Perot was IBMs top salesman, consistently meeting his full-year sales targets in the month of January, he presented IBM with a proposal to start a little computer-connectivity-thingie service, IBM declined, Perot quit and started his own company EDS, wildly successful, was bought out by GM who accidentally put Perot on their Board of Directors, where he promptly went bananas. When an interviewer later asked him what his conflict was with the GM board, he replied (paraphrased with a Texan accent). “Well, let me put it to you this way: at EDS when we see a snake in the grass, we take out a gun and shoot the snake. At GM, when they see a snake in the grass, they form a committee to study snakes.”
And here is bananas: http://www.youtube.com/watch?v=Kgjkth6BRRY

soku wrote:interestingly, my bot draw another line at 1233 and we are in the break out and retest mode. if retest failed, we will drop to 1228.5 to restart

it seems my script is pretty good so far. me tired today. need to sleep now. good luck to all

ES 2nd leg down intraday is coming, should retest today's openning low.

Today so far double bottom and double top now lets see who wins.

It may even test the night's low.

doji wrote:ES 2nd leg down intraday is coming, should retest today's openning low.

SigmaEcho wrote:

Cobra wrote:Qs are weak, still looks like a Bear Flag.

hi Cobra, how does the evil plan look 2day?
thanks

I'm making the plan now. Need to call Helicopter Ben and GS to make sure they follow my plan before I publish it.