Cobra's Market View

Cobra，it seems like that we will have another MAD after MDD. What do you see this time? Bullish or bearish?

I will go short ..Partial position on SPY..Now lets see this wedge break dn..Also P BAR 124.85..I'm getting to like them.

lqiantobe wrote:

Cobra wrote:

lqiantobe wrote:Corba, If today is the valid breakout, do you still expect tmr will be down day? Or at least tmr will be a HH

statistically, tomorrow should be red.

the breakout today is for intraday pattern only. valid only on 5 min chart.

How to tell if it's intraday pattern or tomorrow has HH?

because all I'm talking here is on 5 min chart. How can you see a few days trend with only 5 min chart?

Waiting to get another shorts...

Cobra wrote:unbelievable, so far it's MAD.

Al_Dente wrote:will sell SLV into the close for NO good reason

On Sept 26 Gold closed close to where it opened as today, while silver opened lower and rallied to the end of the day, as today. Both bottomed, but a few days later price tested the same level...fwiw...

don't short people, until we have a higher high than spx 1269.

KENA wrote:I will go short ..Partial position on SPY..Now lets see this wedge break dn..Also P BAR 124.85..I'm getting to like them.

Same here. Got TVIX at $30.85

costco wrote:Cobra，it seems like that we will have another MAD after MDD. What do you see this time? Bullish or bearish?

I've answered a moment ago. statistically, tomorrow should be red. and yesterday's low should be revisited soon. and the market still owns us revisit the 12/19 lows.

Was that spike a blowoff top?

well, guess that's it for today. unbelievably we have another MAD after MDD, trading this market certainly needs some imagination. Thank you guys, I'll see you tomorrow.

TraderGirl wrote:

Al_Dente wrote:will sell SLV into the close for NO good reason

On Sept 26 Gold closed close to where it opened as today, while silver opened lower and rallied to the end of the day, as today. Both bottomed, but a few days later price tested the same level...fwiw...

PS: I love you
http://www.youtube.com/watch?v=p41xLRmEPoY

I also love typos:

""""the market still owns us"""

I guess it's possible to see MDD tomorrow

Cobra wrote:well, guess that's it for today. unbelievably we have another MAD after MDD, trading this market certainly needs some imagination. Thank you guys, I'll see you tomorrow.

Al_Dente wrote:I also love typos:

""""the market still owns us"""

I think Cobra meant to say the market still owes us a visit...

haha...

tdo722 wrote:don't short people, until we have a higher high than spx 1269.

oops, too late! lol.

Really?

tdo722 wrote:don't short people, until we have a higher high than spx 1269.

What happen to IWM/RUT last five minute

Al_Dente wrote:

TraderGirl wrote:

Al_Dente wrote:will sell SLV into the close for NO good reason

On Sept 26 Gold closed close to where it opened as today, while silver opened lower and rallied to the end of the day, as today. Both bottomed, but a few days later price tested the same level...fwiw...

PS: I love you
http://www.youtube.com/watch?v=p41xLRmEPoY

Awww!

TraderGirl wrote:

Al_Dente wrote:will sell SLV into the close for NO good reason

On Sept 26 Gold closed close to where it opened as today, while silver opened lower and rallied to the end of the day, as today. Both bottomed, but a few days later price tested the same level...fwiw...

interesting...the goldbug Gary is saying something similar. sent an early warning sign out that gold may start to form a 1-2-3 trend change. bounce here, come to revisit (but not pierce the low), and then off to the races. how he can possibly predict a 1-2-3- without even showing a "1" in the chart is beyond me. but it seems to be similar to what you're saying.

wishful wrote:What happen to IWM/RUT last five minute

puked on itself. not a great sign.

looks like a big sell order on SPY at the close as well.