Cobra's Market View

Mama mia. Thatsa meatball!

gap filled

There it is bears are on the floor, one needs to look at whats the reason to sell.
At the moment the only thing that would make me change sides is if one of the rating agency came out and dropped Italy's rating 3 notches then all hell would break loose but until then.
Dont see how you can short .
Anyway Took mine for the day at 73 , will pick up again if 66 is seen, if not there is always tomorrow.
Markets love giving opportunities its whether you take them that counts.

If bears don't take over now and show some kind of decline to the close, I will call it a bull market. It would also probably gap up tomorrow following European markets.

agnosia wrote:

agnosia wrote:i feel a pop over the 200sma coming.. probability of success? 75%.

here it comes fellas............. bought a shitload of /es contracts !!! lets goooooooooooooo

1270 should now be support. use that level if u want to trade this

greed is good?

The Holidays are here - put your bear suit away for January.

Xian wrote:Cobra,

Last hour I asked a question about your thoughts regarding the AAPL chart and it's movement today.

I know that you are busy and that all questions either do not receive or warrant answers.

However, just in case you were too busy and missed it, I thought I'd ask again.

Thanks

I don't see bull or bear on AAPL daily chart yet. It's consolidating, so either direction is possible. I'd wait until the breakout/breakdown.

stucap wrote:

agnosia wrote:

agnosia wrote:i feel a pop over the 200sma coming.. probability of success? 75%.

here it comes fellas............. bought a shitload of /es contracts !!! lets goooooooooooooo

1270 should now be support. use that level if u want to trade this

greed is good?

it's not about money .... it's about WINNING.. i love the game

Just got my new bear suit today

rpccharts wrote:The Holidays are here - put your bear suit away for January.

If anyone wants to go long overnight, EWJ (Japan) & HMC (Honda) are beat up. I'm long on both.

Labeling this Bull market now at 128$. I don't see a reversal until 132-135$ region on SPY.

Cobra wrote:

Xian wrote:Cobra,

Last hour I asked a question about your thoughts regarding the AAPL chart and it's movement today.

I know that you are busy and that all questions either do not receive or warrant answers.

However, just in case you were too busy and missed it, I thought I'd ask again.

Thanks

I don't see bull or bear on AAPL daily chart yet. It's consolidating, so either direction is possible. I'd wait until the breakout/breakdown.

Thanks very much! Days like today often compel me to chase. Trying my best to sit tight.

well guys gotta run.. hopefully u all banked some coin today .. see u tmrw.

thanks cobra for hosting this great site

You are really a big bull, man!
I want to start to short.

MrMiyagi wrote:Labeling this Bull market now at 128$. I don't see a reversal until 132-135$ region on SPY.

well, guess that's it for today. I'm not convinced by bulls, but again, let me make this very clear: I'm not short. Thank you guys, I'll see you tomorrow.

Cobra wrote:well, guess that's it for today. I'm not convinced by bulls, but again, let me make this very clear: I'm not short. Thank you guys, I'll see you tomorrow.

The $TICK indicator doesn't seem to e too effective lately. Who can resign tomorrow is the big question

Why are you long UUP?

Cobra wrote:well, guess that's it for today. I'm not convinced by bulls, but again, let me make this very clear: I'm not short. Thank you guys, I'll see you tomorrow.

txsky wrote:You are really a big bull, man!
I want to start to short.

With Italy and Greek sent back to the back of the trouble line it's good times for now.
I think Bernanke speaks tomorrow about something or other, I don't think anyone will listen to him.

Me XMan wrote:Why are you long UUP?

Cobra wrote:well, guess that's it for today. I'm not convinced by bulls, but again, let me make this very clear: I'm not short. Thank you guys, I'll see you tomorrow.

that's mechanical system, no reason.

Make sense. I will stay outside and watch.

MrMiyagi wrote:

txsky wrote:You are really a big bull, man!
I want to start to short.

With Italy and Greek sent back to the back of the trouble line it's good times for now.
I think Bernanke speaks tomorrow about something or other, I don't think anyone will listen to him.