Cobra's Market View

Even the NYT is flogging this story
“Flood of Errant Trades Is a Black Eye for WallStreet”
“A New Jersey broker's stock-trading software accidentally set off millions of trades on Wednesday, drawing renewed
attention to the fragility of the nation's stock exchanges.”
http://www.nytimes.com/2012/08/02/busin ... 2_20120802

PAGING NEWBIES: note the word “accidentally”
This is known in some circles as the “shot across the bough” or something....

If I look at the major leading things ie. copper,gold,crude not a best idea to be long overnight not mentioning bear flags across the whole market...MR.M pump it up to the close please so we can exit with nice profit

COBRA: VIX RED and MARKETS RED ? What did this mean ??? Cant remember

Petsamo wrote:SPY p-bar pointing to 137.75

There are some small downward bars on QQQ 63.91$ and IWM 76.30$.

KeiZai wrote:If I look at the major leading things ie. copper,gold,crude not a best idea to be long overnight not mentioning bear flags across the whole market...MR.M pump it up to the close please so we can exit with nice profit

That spike really doing nothing but eliminated the possibility of bullish hammer. guessing here.

even stockcharts picked up that p-bar
note the bots and the vix

I was expecting one more down day tomorrow however TRAN has made a nice recovery so far today; tomorrow's jobless report will be interesting (as usual..).

I'm back. phantom bar, now we all know the target.

ppt looking for offers?

Cobra wrote:I'm back. phantom bar, now we all know the target.

i don't see it on my stockcharts 5 min chart???

Al_Dente wrote:Even the NYT is flogging this story
“Flood of Errant Trades Is a Black Eye for WallStreet”
“A New Jersey broker's stock-trading software accidentally set off millions of trades on Wednesday, drawing renewed
attention to the fragility of the nation's stock exchanges.”
http://www.nytimes.com/2012/08/02/busin ... 2_20120802

PAGING NEWBIES: note the word “accidentally”
This is known in some circles as the “shot across the bough” or something....

I was commenting on SDS yesterday, About how it was 4x the S&P at at times 7x Percent wise off what the S&P was , That wasnt effected by what happend yesterday?, Something just didnt seem right with it

if this isn’t some kind of interim bottom, or bounceable bottom or scalper bottom-oid
then my name is not spaghetti face

CarlosDK wrote:COBRA: VIX RED and MARKETS RED ? What did this mean ??? Cant remember

slightly bullish biased the next day, about 59% chances so actually it's bearish the next day because at random the next day should have above 60% in green if I remember correctly.

H&S is a bit of stetch.... tag upper red channel?

Other p-bars on my screen....

Miyagi's look relevant, mine don't...

BullBear52x wrote:

KeiZai wrote:If I look at the major leading things ie. copper,gold,crude not a best idea to be long overnight not mentioning bear flags across the whole market...MR.M pump it up to the close please so we can exit with nice profit

That spike really doing nothing but eliminated the possibility of bullish hammer. guessing here.

Yesh and check semi´s another 2x top, they like double tops very much btw

but benlloyd 5min renko says relax….. it’s still just a flag at the moment
INTRADAY SHORT TERM SCALPER CRAZY FOLKS ONLY

4.53 million sell on SPY
It didn't budge SPY price, no p-bars

This setup is indicating a buy for IWM. Let's hope this trade will be as profitable as the last two were.

Petsamo wrote:4.53 million sell on SPY
It didn't budge SPY price, no p-bars

chill that was me