Cobra's Market View

Posted: **Fri Oct 07, 2011 1:41 pm**

out DG shorts and SDS. reasonable.

Posted: **Fri Oct 07, 2011 1:42 pm**

99er wrote:BB52x

You betcha!

But only for this wave.

I'll be careful, thanks for all your great charts

Posted: **Fri Oct 07, 2011 1:44 pm**

Al_Dente

You're welcome. This is one of those periods when one really has to chart both Bull and Bear cases until the likelihood of one or the other becomes more obvious. As of right now...who knows?

Posted: **Fri Oct 07, 2011 1:45 pm**

I am eyeing 113.5 by Monday if not today

yes, evil me.

Posted: **Fri Oct 07, 2011 1:45 pm**

SPX DONE?

Posted: **Fri Oct 07, 2011 1:45 pm**

Posted: **Fri Oct 07, 2011 1:46 pm**

EvilTrader wrote:I shorted the market in the morning after the spike, but got out too early and missed the good part of the down move.

Now i think its too risky to short.

Trading can be frustrating sometimes.

Wont do any other trade today because im very upset and emotional right now, so 100% guaranteed to lose money.

But i think Bulls still have the ball.

Just a minor correction to shakeout people.

Been there, done that ... more than once! AAARGGGGHH! ... and sat there "paralyzed" as I watched something I exited go up, up, up!

Posted: **Fri Oct 07, 2011 1:47 pm**

BB52x

You're welcome. Thanks for all of yours too. Looking forward to your weekend stuff!

Posted: **Fri Oct 07, 2011 1:48 pm**

janez wrote:out DG shorts and SDS. reasonable.

I still believe more pullback to come. SDS perhaps to $26. Longer term, I am all for Bulls.

Posted: **Fri Oct 07, 2011 1:48 pm**

a little double bottom here could be, bulls need another bull bar the next 5 minutes.

Posted: **Fri Oct 07, 2011 1:48 pm**

janez wrote:
janez wrote:out DG shorts and SDS. reasonable.
I still believe more pullback to come. SDS perhaps to $26. Longer term, I am all for Bulls.

My patience is running very thin.

Posted: **Fri Oct 07, 2011 1:52 pm**

Seeing a high for the day is in by observing the 4h candlestick which usually indicate 1st half of the day and 2nd half of the day. This is for RUT. If at the end of the day that bearish candle remains then I'll hold my shorts over the weekend.

Posted: **Fri Oct 07, 2011 1:53 pm**

bulls are still trying hard. use the buffer area between last low os 1145 to my 1147 line as def zone.
signals mixed at this moment. i will wait a little bit longer

Posted: **Fri Oct 07, 2011 1:55 pm**

tdo722 wrote:Seeing a high for the day is in by observing the 4h candlestick which usually indicate 1st half of the day and 2nd half of the day. This is for RUT. If at the end of the day that bearish candle remains then I'll hold my shorts over the weekend.

Posted: **Fri Oct 07, 2011 1:55 pm**

jarbo456 wrote:i have my own objections to ZH, but i do read his stuff pretty religiously everyday.

i have to put this up for being pretty poignant and funny, for those that don't get a chance to go over there and read his entries...

http://www.zerohedge.com/news/epic-grot ... iday-humor

Tyler so hyperactive, so exhuberant, hyperbolic, all adjectives, usually makes it NICE AND EASY to separate the fact from his fiction/sarcasm.
I swear, if William Faulkner were alive today, he’d probably call Tyler Durden “requiem for a noun”

PS: internal data = incredible bear strength
But guess who is watching for any signs of u-kno-what ?
Hurt em jar; get em good

Posted: **Fri Oct 07, 2011 1:56 pm**

Posted: **Fri Oct 07, 2011 1:57 pm**

I can't believe my HAO (China small cap) is still green.

Posted: **Fri Oct 07, 2011 1:58 pm**

good, need break the blue line above to confirm the double bottom.

Posted: **Fri Oct 07, 2011 1:58 pm**

BullBear52x wrote:
tdo722 wrote:Seeing a high for the day is in by observing the 4h candlestick which usually indicate 1st half of the day and 2nd half of the day. This is for RUT. If at the end of the day that bearish candle remains then I'll hold my shorts over the weekend.

LoL, you're in TZA, what are you complaining about. I am chicken don't like 3x TZA haha...

Posted: **Fri Oct 07, 2011 1:58 pm**

Al_Dente wrote:
jarbo456 wrote:i have my own objections to ZH, but i do read his stuff pretty religiously everyday.

i have to put this up for being pretty poignant and funny, for those that don't get a chance to go over there and read his entries...

http://www.zerohedge.com/news/epic-grot ... iday-humor
Tyler so hyperactive, so exhuberant, hyperbolic, all adjectives, usually makes it NICE AND EASY to separate the fact from his fiction/sarcasm.
I swear, if William Faulkner were alive today, he’d probably call Tyler Durden “requiem for a noun”

PS: internal data = incredible bear strength
But guess who is watching for any signs of u-kno-what ?
Hurt em jar; get em good

looks like double bottom for now. bears losing some strength, but still not convinced until we breach 115.93 or slightly higher. but bulls might get there.

Cobra's Market View

10/07/2011 Intraday Watering

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