Cobra's Market View

KeiZai wrote: Most of my favorites charts are gone, need a walk GL

That sucks! Aside from my regular backup. an electrical engineer I know sent me an 8 GB flash drive and everything I save is in a folder under "Documents". Each night I backup the documents folder. I probably have had a HD crash every 3-4 years for 20 years and yes, it bites. But I never lose what I truly need.

By the way, I forgot to mention that the juice from this squeeze won't be available til next year, so if you are standing in line... GLTA jimme

break down as expected, here's the target.

the big picture, don't forget our ZigZag target. basically now bears have no turning back, must push hard here!

I think we forced the DAX to bust yesterday's low

Cobra wrote:the big picture, don't forget our ZigZag target. basically now bears have no turning back, must push hard here!

yesterday's low will put up a big fight, my lead man which selling this morning now getting close to a buy, more room to down side still.

1 min internals
Nyadv 1200
Nydec 1500. Bear bias. But qualifies as “range day” whipsaw-day so far, until one or the other gets stronger.
TRIN slight bull bias
Bots are active sellers here


CONGRATULATIONS KING COBRA
YOU ARE NUMBER ONE
http://www.youtube.com/watch?v=k1ljpLQ1V6Y&ob=av2e

Dangit! I hope the intraday bottom isn't in.

Looks like the dip got bought again.....

Expect a never ending bounce for the rest of the day....maybe 1 handle per hour.....and not to exceed 1405 ES by much. If we break 1395 ES (1400 SPX) with some authority (highly unlikely) expect a little more downside but not much -- more support down there too!

GLTA

stucap wrote:Looks like the dip got bought again.....

Expect a never ending bounce for the rest of the day....maybe 1 handle per hour.....and not to exceed 1405 ES by much. If we break 1395 ES (1400 SPX) with some authority (highly unlikely) expect a little more downside but not much -- more support down there too!

GLTA

But maybe the chart below is a little bearish? Broken channel? However bulls see us dip like a few points outside it becomes a JBTFD opportunity...

Cobra wrote:break down as expected, here's the target.

COBRA,

FXE buy stop trigged and I am in until further notice...

Thanks

nice charts on your stockcharts account!

AAPL another new hi
I don’t care what planet u r from
It’s hard to call that a squeeze 5m (even tho it’s gotta be lotsa short-bears covering………)

bears still have hopes but diminishing fast. I said they must push down hard otherwise the game is over.

Here is an up date on 3 Peaks and Domed House. It is small scale but you can make out March +. I don't know to much about this and if it will work.A lot of Domes do and this looks like it is tracking well.Enough for this one for now.

anyone have thoughts on a highly risky aapl short trade?

this will be an accumulation trade with a 3-10 month horizon. i'm eyeing appl oct. 425 puts @ 8.20. they seem a bit rich to me, suggesting that MM's are pricing in some downside risk in the future.

accumulation meaning i'll be legging into it over the next month. 1 option contract at a time.

target. And again, reach this target is far less enough, bears have no turning back, must work really really hard!

There it goes.

do you mean "to reach this target is not nearly enough", meaning there's much more potential downside but bears have to continue to push harder?

Cobra wrote:target. And again, reach this target is far less enough, bears have no turning back, must work really really hard!

TRIN is beeping; she just went bear
[edit: with a HUGE program/bot sell]

I'm just waiting