Cobra's Market View

SPX
Update.
http://99ercharts.blogspot.com/2011/06/spx_22.html

Cletus

I wish you can stay.

i do agree not too many people are scalping / day trading on this broad, but i don't have any problem with that. charting is very important to scalping. i don't see conflicts.
anyway, c, wish you all the best.

CLETUS,
Don't leave! I am highly evaluate your post. Your calls on market cycle are original and wonderful.
Thank you.

OK they closed the gap so now lets trade.

stockcycle wrote:CLETUS,
Don't leave! I am highly evaluate your post. Your calls on market cycle are original and wonderful.
Thank you.

AGREE!

Cletus, don't go!

cletus i also hope you stay u are one of the one's opinion i value the most on this board. if u have the balls to list your live trades & most of them work just as you call then you deserve the right to gloat a little if thats what you want to do.

If someone on this board doesn't like the act of gloating then that person should not par take in the act of gloating, but to tell someone else how to live their life. Come on, Really!

gator11 wrote:cletus i also hope you stay u are one of the one's opinion i value the most on this board. if u have the balls to list your live trades & most of them work just as you call then you deserve the right to gloat a little if thats what you want to do.

If someone on this board doesn't like the act of gloating then that person should not par take in the act of gloating, but to tell someone else how to live their life. Come on, Really!

lol, well I'm eating it on SPY puts and GLD puts right now, so not always a good trade

Neroli wrote:Cletus

I wish you can stay.

There are many on here with good calls. Just follow them. I have to focus on my software.

You'll be missed cletus, but do what you gotta do! Best of luck

Back to the market, any thoughts on today? I have an inclining that Ben will be very strong on the debt ceiling today. He'll want use harsh enough language to move congress, although is doesn't look like a deal is on the horizon near term. Will we test today's lows?

where is cobra?

gator11 wrote:cletus i also hope you stay u are one of the one's opinion i value the most on this board. if u have the balls to list your live trades & most of them work just as you call then you deserve the right to gloat a little if thats what you want to do.

If someone on this board doesn't like the act of gloating then that person should not par take in the act of gloating, but to tell someone else how to live their life. Come on, Really!

Agree.

The retail index is down today.The mkt may not do to much today.

nothing to say, despite the very high ChiOsc, this kind of consolidation around an important resistance is bullish. when indicator conflicts with chart pattern, usually chart pattern wins, remember yesterday? so let's see.

SPY 130 min 3 bars per day
Bulls still have the ball

breakout, good, but beware that this is the 3rd push up therefore a failed one would mean 2 leg down, too early to call pullback though, let's wait...

hello snake.
I am from Portugal and I am your follower for some time.
Thank you for sharing knowledge.
One question: Still think we'll visit in 1260´s in sp500?
hug

should be clear on this picture what i see. failed here would be 3 push up pattern.

zecatreca wrote:hello snake.
I am from Portugal and I am your follower for some time.
Thank you for sharing knowledge.
One question: Still think we'll visit in 1260´s in sp500?
hug

For now, yes, still think so, but snake changes fast, you should know as the market is always right, snake doesn't like to argue with the market. market is the master.