Cobra's Market View

I use SSO today

see if there will be Pos D here, my blue Money line must confirmed if reversal will take hold

For people who bought the breakout, that'll teach ya!

the previous resistance, now hopefully support.

I'm glad that I didn't close my naked SPY 123 Call this morning.

BullBear52x wrote:I would normally trade 3x etfs, Opex and weekend stoping me.
Well LOD "per Cobra" at every extreme there's always a possibility of reversal, shall we look for Divergence?

BB52x: It’s just that I so rarely even glance at your shite… okay, to be honest, I am partial to your charts that show hovering UFOs, crop circles, vibrating “String Theory” MAs, dart boards, or anything that reminds me to grab a Heineken.
I just wish you could incorporate a little Astrology in your charts, or perhaps bone-up on Alchemy, so u can transform that rot into gold.

Back to the soft wussie stuff u like (Ireland this time)
http://www.youtube.com/watch?v=NtNeMlmz ... re=related

PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

In my opinion, once a stock tries to go up (or down)once and fails, will try twice and if that fails it is headed the other way.

1min SPY, bullish divergence.

Another spy p-bar at 121.66

121.65 pbar, after refresh it's gone

seekingknowledge wrote:Thank you sk. I am also mostly a swing trader but got greedy recently and went out of my way because I kept shorting this whole 3 week rally and hoping for at least a decent pullback. Have you tried guppy ma system? I'd love to hear your past experience on it. Cheers.

Been there! I have not even heard of the guppy ma system. Sorry again. Always anxious to hear more about trading strategies, however. I'll have to look it up. Thanks![/quote]

FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics I use hit 78. Key to profits is discipline/patience. I'll wait to get back in when stochastics move lower than 20 again and then come up again above 20. Otherwise, I'll just go enjoy my day now and enjoy my profits. Have a nice weekend!

Al_Dente wrote:

BullBear52x wrote:I would normally trade 3x etfs, Opex and weekend stoping me.
Well LOD "per Cobra" at every extreme there's always a possibility of reversal, shall we look for Divergence?

BB52x: It’s just that I so rarely even glance at your shite… okay, to be honest, I am partial to your charts that show hovering UFOs, crop circles, vibrating “String Theory” MAs, dart boards, or anything that reminds me to grab a Heineken.
I just wish you could incorporate a little Astrology in your charts, or perhaps bone-up on Alchemy, so u can transform that rot into gold.

Back to the soft wussie stuff u like (Ireland this time)
http://www.youtube.com/watch?v=NtNeMlmz ... re=related

PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

Thanks for song, but on the phrase "that usually good for a few day" is there such thing as usual?

MrMiyagi wrote:In my opinion, once a stock tries to go up (or down)once and fails, will try twice and if that fails it is headed the other way.

Agreed! Good advice to newbiew, MrMiyagi! That's what's great about this board -- so many with experiences try to teach everyone their successes/failure.

Hmm.. ok.. SPY tried 123$ but turned back...

some fib info.

123.2 retest time..

Unique wrote:1min SPY, bullish divergence.

good catch, thaks

Cobra wrote:some fib info.

I'll settle with 50% Fib

Al_Dente wrote:PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

Al, are you talking about 50/200 cross on SPY? I don't see it on mine.

Woah this is not good for bulls.

Since 11:56 we've been trading inside the descending channel. Lower highs..etc...etc..

OK last chart today, Bulls! What's UP?