Cobra's Market View

noob wrote:

Petsamo wrote:IWM's gonna bust Friday's high but it hasn't busted to a new low

Wow madness...

Overnight, I saw a Yahoo news on the DAX's golden cross, meaning we should go long on the DAX. But the DAX rejected it. I can't find the article

MrMiyagi wrote:

Al_Dente wrote: I have that UVXY will trade split-adjusted starting September 7
ps: I tried to post power-hour buttons in your absence, but mine don’t work as good as yrs
please prepare sell button, thx

Ah the seventh... .........I thought I read adjusted EOD 6th.

YES u r RIGHT.......they cut off END OF DAY 6th after hours............then starts trading split-adjusted on the 7th

noob wrote:

Petsamo wrote:IWM's gonna bust Friday's high but it hasn't busted to a new low

Wow madness...

That just blew away last week's time / price action on IWM.... I'm still on sidelines "not swinging"

nice, must be QE3 firmed or Euro debt problem solved.

Flash Crush? Leaked tapes and all (thanks Evil Trader) but this squeeze is getting a bit too much.

shorts gotta take their money quick or capt ben 's put will eat it up

volume surge, biggest bar, so might pullback here, then should be another leg up.

where did that uempel go
get in here u little bull...........

Cobra wrote:nice, must be QE3 firmed or Euro debt problem solved.

We have a cup, bears are over?

I find it humorous that people still think that bearish trades will work more than 5 minutes in this market, with a continuous stream of Fed and ECB meetings. Seriously, how many times does Cobra have to mention that traditional technicals are broken in this market? "Normally, it should..." is what I see a lot of these days. Normally we probably would have broken 1395 and headed down today. But guess what, it's not a normal market. The Fed is taking "extraordinary" measures to destroy your trades. We are price takers. The price is going up. You and I and everybody we know have no control over that.

Don't take me as bullish; I'm anything but. But I know a manipulated game when I see one. The sad detail that Bernanke and the rest of his idiot model-drooling economists failed to realize is that manipulating markets never ever produces a positive result. They think if they make stocks go higher then that's a good thing. Wealth effect, increased confidence, blah blah blah...

What they forget is that it's not the direction of a trade that makes people feel better, it's that they have comfort and understanding in what's going on. The average investor will not buy stocks just because Bernanke might do QE. The average investor trades on what they see, and when the economy is getting worse they sell stocks. Rightly so. So what happens, when folks justifiably sell stocks, the we get QE, then stocks go up and the folks you want to feel better and participate don't? You get even more upset investors. They feel the market is rigged because "they were right and they lost anyway." Oddly QE begets lost investor confidence, not increased. Confidence is not directional. Confidence is based on things making sense. Bernanke should go back to teaching theory rather than destroying markets.

UEMPEL
Look what led 1min
Your favorite tick guideline (green circle)
I didn’t believe it on a chop day
My bad

Is this the start of a new bull leg or DA Boyz just unloaded the junk?
Today's gains across the board:

MrMiyagi wrote:

699.png

who said this is a rigged game

NQ

holy moly russel holy

Spain, etc
10 days, percentage performance

c'mon bulls! make me proud

gap up wrote:

this..png

Beats me.