Cobra's Market View

well, guess that's it for today, boring until I almost fell in sleep then a little more on the downside. Well, see my last night Market Outlook, you should know my call next. Thank you guys, I'll see you tomorrow.

SWalsh wrote: I'm not Chaz Bono....

"I'm not a girl, I'm not a guy, I'm not Chaz Bono".....

Com'on girl!!! Make up your mind!!!

Call me a jaded, cynical, paranoid bear, but I'll suspect this to be a stop run to set the stage for a run up later in the week.

IWM only down .18%. Hmmm...

Mr. BachNut wrote:Call me a jaded, cynical, paranoid bear, but I'll suspect this to be a stop run to set the stage for a run up later in the week.

You think the buyers will be "Bach"?

I'm new here. where do i find Cobra's Market Outlook? tyvm

MrMiyagi wrote:

Mr. BachNut wrote:Call me a jaded, cynical, paranoid bear, but I'll suspect this to be a stop run to set the stage for a run up later in the week.

You think the buyers will be "Bach"?

No idea but if the SPY took a run at 137 for opex it wouldn't surprise me...

ronrico wrote:I'm new here. where do i find Cobra's Market Outlook? tyvm

http://www.cobrasmarketview.com/

I smell a bigger gold bounce in ST...nice smackdown at the close

SPX: Despite being oversold a wave (3) down could be in progress

I ran my 25 Stock/Index Elder. All but India and Google finish in the Red. Most had 7 of the last 9 days in the red. A very close pattern to this occured between 7-27-11 to 8-8-11. Starting at the begining of this period, XIV started a red period that lasted 45 days in a row.

overnite low in es is 5/8 back on the year. what a deal

overnite traders were able to buy the 5/8 retracement in es so i expect to see the 1320 area defended, perhaps around 1325 on the us open. 1332 resist holding so far

ronrico wrote:overnite low in es is 5/8 back on the year. what a deal

I don't see where that is a valid retracement number to used that bar. Seems more like randomness.

Anyone ever write about that such that traders would look at that?