The Intraday US Stock Market Discussion Board
http://bbs.cobrasmarketview.com/
back to see all the great posting....
Me XMan wrote:Damned topedoes. Bulls speed ahead.
SB73 wrote:Probably close just barely in the green that way Cobra can't say that NFP could be down however many times in a row it is.
what rally? ES only +3.Al_Dente wrote:Baron:BullBear52x wrote:I can smell it also. look at EEM normally it will rally right along.rola wrote:BULL TRAP
TRIN 1.35
Note how it did not drop below 1 during this “rally”
It drives me nuts
http://stockcharts.com/h-sc/ui?s=$TRIN& ... =249247714
Cobra,Cobra wrote:I'm clueless about the market now, so not much comment today. looks like it's wrong to NOT expect sharp reversal, so I keep my mouth shut here. Anyway, key time because this is to test the previous high so no failure allowed.
Cobra wrote:I'm clueless about the market now, so not much comment today. looks like it's wrong to NOT expect sharp reversal, so I keep my mouth shut here. Anyway, key time because this is to test the previous high so no failure allowed.
thanks. SB73 wrote:Gabor,
Notice I said I will not short due to price action. I see no reason to short yet. These are actually not bad days to get long and play pennies because the bulls will defend this little uptrend like everything depended on it. Went long at 127.71 with stop now at 127.88. Can't make a whole lot, but it is better than nothing.
gabor wrote:These are all true and I agree with you. But what can you achieve with your short, when the prices are inching up and up and up. Loosing money. Everybody scandals the MARKET is always right. NO. Geroge Soros says the maret is very often wrong just like people who trade the market. If the market was always right, it would tend toward equilibrium, instead, bubbles are frequently created and then popped. MARKET is almost always wrong, now US equities are overpriced....but they can be overpriced more.Me XMan wrote:*Like*
SB73 wrote:I see a lot of reasons to short other than price. Price and I emphasize price keeps me from shorting this bad boy other than my morning scalp. Unless we break below today's low nothing will change for me.
Ignoring the fundamental jibberish
1- Bearish sentiment too low
2- Reversal of a reversal of a reversal of a reversal.....
3- Bearish seasonality today and Monday
4- Divergences on the hourly charts
5- Strong dollar
6- SPY decoupling from world indicies
Based on the last 10 years it looks like a relatively flat close similar to yesterday with a minor gap up on Monday.
you can consider it as consolidationSB73 wrote:Cobra,Cobra wrote:I'm clueless about the market now, so not much comment today. looks like it's wrong to NOT expect sharp reversal, so I keep my mouth shut here. Anyway, key time because this is to test the previous high so no failure allowed.
Does it seem normal that the market has yet to make a higher high from Monday's gap?
I still don't believe we'll copy the previous 2 days, but since so far the market doesn't agree with me, so I'll shut up for now.CH37 wrote:Cobra wrote:I'm clueless about the market now, so not much comment today. looks like it's wrong to NOT expect sharp reversal, so I keep my mouth shut here. Anyway, key time because this is to test the previous high so no failure allowed.
looks like it's wrong to NOT expect sharp reversal,???
do you mean today will copy yesterday the reversal pattern ?
