Cobra's Market View

down down down ole' ole' ole'! down down down ole' ole' ole'! guess that makes my today's call ends perfectly. no more call for the rest 18 minutes...

No...indeed the bears have the ball. Back in IWM puts at ~78.7, where the previous support became resistance. Have a nice weekend!

very first target being hit, could be more (doesn't count for today's call ha).

wow, here comes the 100% text book target. don't know bulls are this weak.

no word.

hmm, very quiet here.

cougar wrote:No...indeed the bears have the ball. Back in IWM puts at ~78.7, where the previous support became resistance. Have a nice weekend!

...which I shall keep for Monday!

close at low of day?

double bottom and monday bounce?

or monday is just another continuation day ?

Hi,Cobra, a baby question: what d u mean by L1, L2? leg 1, leg2?

well, guess that's it for today. it's not fun anymore. really wish a rebound of some kind here. and i hope you guys not bothered by my "ole' ole'" stuff as I think a typical trading day is rather boring. thank you guys, i'll see you the next Monday. And as for the next Monday, you know the seasonality now and don't forget that 9 out of 11 statistics I mentioned last night which doesn't guarantee a red Monday but should be pretty safe for bears for the following few days.

oldpigwang wrote:Hi,Cobra, a baby question: what d u mean by L1, L2? leg 1, leg2?

go see "Getting Start".

Cobra wrote:hmm, very quiet here.

Great call, banzhang. Did you learn L1,L2 and the pattern from the books written by "people from Mars"?

Thanks! have a nice weekend too.

Thanks for everything this week, Cobra. Have a great weekend!

starix wrote:

Cobra wrote:hmm, very quiet here.

Great call, banzhang. Did you learn L1,L2 and the pattern from the books written by "people from Mars"?

I didn't read his book, too hard to understand, but if you're enough experienced you'd get his idea, so i adopted his name system for L1/H1/3 Push etc etc.

Cobra wrote:

starix wrote:

Cobra wrote:hmm, very quiet here.

Great call, banzhang. Did you learn L1,L2 and the pattern from the books written by "people from Mars"?

I didn't read his book, too hard to understand, but if you're enough experienced you'd get his idea, so i adopted his name system for L1/H1/3 Push etc etc.

Thanks. Will go to the “Get Start” Section and learn more scalping skills. Thanks for everything. Cobra

SPX
Update.
http://99ercharts.blogspot.com/2011/06/spx_384.html
Have a good one!

Thanks for the week.