Cobra's Market View

SB73 wrote:

heavenskrow wrote:lets go TMF

bonds, asia, europe aren't buying the rally at all

yes sir

Make a new low pleeeeeezzzzzzz

Cobra wrote:speechless, cannot believe we fail the OR breakout everyday. Not officially failed yet, but I'm so disappointed!

tdo722 wrote:I'm no master trader. In fact, I'm one of the idiot dumb money or so they call it.

As for using Elliot waves, well it's the blind leading the blind and deaf.

Dont you think the second statement is a bit too much after making the first statement ?

I have had more success with Elliott wave than any other theory. And the fact that I know based on historical patterns, there are only one or two possibilities and I know where each one could end up, gives me a good place to keep SLs and gives me a good night's sleep. Just like the call I made yesterday ( maybe a fluke ), but I took a long at 1215 and got out at 1230 today. Although the trend is down.

tdo722 wrote:

jarbo456 wrote:

tdo722 wrote:

pady wrote:Yesterday's post...

A=1210 - 1225.6
B=1225.6 - 1216 ( .618*A)
C=1216 - 1231

Now it is all downhill from here...1150 here we come.

Don't believe too much into elliot crap. Have you ever watch that commercial by All State about the GPS? That's how I think of Elliot waves.

Turn Left, now, recalculating, turn right now, recalculating. That's exactly how I feel about Elliot Waves. You wavers change your mind more than I change my underwear.

LOL i love the analogy, but think your criticism is a bit harsh. whatever floats the boat man...

remember that astrofib dood? now THAT stuff cracked me up.

You mean the spammer?

Keep posting the EW stuff..I find it helpful to consider potential retrace values.

+1 to 1. [ those who don't know anything ]

barbaragull wrote:

BullBear52x wrote:Another good fun to kill time:

Trading online is just great. I find it really speeds things up.
I now get my margin calls 5x faster than before


There are primarily 3 different types of investors who post on the message boards.
1. Those who don't know anything: approx. 10%
2. Those who know a little: approx. 10%
3. Those who don't realize they don't know anything: approx. 80%

From Dimgroup.com

I am one that don't know anything, but I realize it

looks like VIX is going to open low and close high again today.

Me XMan wrote:I'm Triathlete and did 11 triathlons this past summer.
My goal is to do at least one Ironman.

KENA wrote:

Me XMan wrote:Just got back from the gym and I see they haven't taken my shorts out yet.

Glad to see that some one else works out..I start mine in just a bit.

Boy Congrats..Thats great..I'm no way near that,I work out to stay in shape.Used to run a lot but had to get a new knee so no more.

wow triathlon now we all know where you got your balls from LOL ... humor aside... wow!!! how do you do it? where do you get "THE TIME"?

KENA wrote:

Me XMan wrote:I'm Triathlete and did 11 triathlons this past summer.
My goal is to do at least one Ironman.

KENA wrote:

Me XMan wrote:Just got back from the gym and I see they haven't taken my shorts out yet.

Glad to see that some one else works out..I start mine in just a bit.

Boy Congrats..Thats great..I'm no way near that,I work out to stay in shape.Used to run a lot but had to get a new knee so no more.

now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

SPY approaching previous day's low

guess we should have some bounce here. but man, the bulls have been weak the past two days. glad i got rid of my expiring calls when i did. i saw it spike higher, and then cobra's call for a higher target and though maybe i sold out too early.

weeeeeeee =]

SPY busted previous day's low

OUI!

Cobra wrote:now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

Cobra wrote:now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

I really thought there is one more runup to 1232 before the big drop. Maybe it is still there.

I think American people deserves a X'mas rally this year. So many nature disaster... Go Go Go ... Enjoy !

Cobra wrote:now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

Guess this should be at least 2 legged dow (?), do you have a target?

target around 1205ish on ES

Looks to me like SPY is playing strike prices today. It made an early attack on 123. Now it looks like it is working 122. Sometimes it moves to a clear spot on one side of a threshold and that's that. Sometimes a threshold gets battled over a bit. Let's see what we get today.

Gap down monday, drop to S&P 1200 or maybe even a little under to take out stops and scare the dickens out of longs. Then the "fooled ya" gap up tuesday and santa rally:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

DAX leading indicator though Nasdaq/Uncle Rusty took the lead.

IMO