Cobra's Market View

Cobra wrote:not looking good, now my 5th call on the downside stands a chance!

Just a little overshoot , Thats all, Maintain original plan

Lot of wild-est-est-est-est guesses lately! Crazy market.

TraderGirl wrote:

cougar wrote:

TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....

Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)

I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...

if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.

That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?

cougar wrote:

TraderGirl wrote:

cougar wrote:

TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....

Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)

I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...

if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.

That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?

In a price zone??

See who has been doing the buying today:

Looks like a bear flag, we've been stair stepping...a fall below 1 minute TSI support could be we start to break down....if not there is a chance for being higher tomorrow.

Funny how everyone trades different, Cobra goes bear this morning, good trade, and I bought the bounce, but now I am neutral, don't know the direction, will wait to see whether we go lower tomorrow or higher...

Just look to buy the dips and sell the rips, looking like it will be choppy....but there is a nice Jupiter aspect next week, so that is when we could get the 3 or C wave up.....IMHO...

Cobra what do you think about tomorrow ,, big rally to SPY 142 or you think top was made yesterday ?

TraderGirl wrote:

cougar wrote:

TraderGirl wrote:

cougar wrote:

TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....

Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)

I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...

if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.

That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?

In a price zone??

Not exactly…It’s that book "Trading in the Zone" by Mark Douglas which was discussed here this morning... It’s like being stoned, protected by your “karma” and letting your trade go to high gains, without doing too much work…with an inspired stop... Just be cool, like in Berkeley ‘68: “teach your children well“ to be “totally golden and 100% mellow”(*)
=======
(*)This is a joke, and not an attempt to discredit that very intellectual book...

XLF, this is failure, sell is the only choice left until the upper trading range can be regained.

so far goes as planed.

Anaconda wrote:

Anaconda wrote:Cobra,

Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill.

A.

Gap almost closed. Trailing stop on SPY MayWk1 calls at 140.55.
GLTA.
A

PS - Nice to see you back Cougar.

Dang,

Stopped out even on my options day trade.

Long SDS, short RIMM.

Ciao.

POWER HOUR

Wake up kids...

spx...

CarlosDK wrote:Cobra what do you think about tomorrow ,, big rally to SPY 142 or you think top was made yesterday ?

it's complicated, read tonight's market outlook. please try your best don't ask questions related to my daily market outlook, it's not fair for other paid members. we have daily around 6,000 visits roughly 2,000 to 3,000 people on this forum. thanks.

Ok thank you , just wanna know which positions to have for tomorrow. Long or Short.

That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?[/quote]

In a price zone??[/quote]
Not exactly…It’s that book "Trading in the Zone" by Mark Douglas which was discussed here this morning... It’s like being stoned, protected by your “karma” and letting your trade go to high gains, without doing too much work…with an inspired stop... Just be cool, like in Berkeley ‘68: “teach your children well“ to be “totally golden and 100% mellow”(*)
=======
(*)This is a joke, and not an attempt to discredit that very intellectual book...[/quote]

I wish I was in "the zone" sounds fun!! being stoned, not too much work....sounds good to me!!

fell out of bear flag....

spx...

CarlosDK wrote:Ok thank you , just wanna know which positions to have for tomorrow. Long or Short.

I have no idea about tomorrow yet. overall I'll maintain the short-term evil plan I hatched last night with a little modification tonight, maybe.

Support around 1399 so far is holding, but looking pretty weak....