Cobra's Market View

very typical Friday close: shooting high before the close and in AH, in anticipating some really good news in the weekend.

well, guess that's it for today. I need ask my crystal ball before making my next guess. thank you guys, I'll see you the next Monday.

Cobra..Thanks for the week..See everyone next week.Have a good one.

Cobra wrote:well, guess that's it for today. I need ask my crystal ball before making my next guess. thank you guys, I'll see you the next Monday.

thanks Cobra. Have a good weekend!

my guess: run stops sunday evening/monday morning; close gap monday

MACD hourly setting up for neg div. Exhaustion bar from bulls on monday morning and then drop. Have a nice weekend.

I'm praying for gap up huge on Monday so I can go all in with Tvix.

hope we get something to help the bears over the weekend.

i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.

tdo722 wrote:I'm praying for gap up huge on Monday so I can go all in with Tvix.

As a TVIX bagholder, I wish this come true too so that I can ADS.

knock wrote:

tdo722 wrote:I'm praying for gap up huge on Monday so I can go all in with Tvix.

As a TVIX bagholder, I wish this come true too so that I can ADS.

What's ADS?

tdo722 wrote:

knock wrote:

tdo722 wrote:I'm praying for gap up huge on Monday so I can go all in with Tvix.

As a TVIX bagholder, I wish this come true too so that I can ADS.

What's ADS?

average down shares?

Tom Mcclellan - stating that he expects market to go up into end of year then sideways then up going into the election based upon Eurodollar futures. Futures ahead of S&P by year. found this http://www.cftc.gov/OCE/WEB/eurodollars.htm

knock wrote:

tdo722 wrote:

knock wrote:

tdo722 wrote:I'm praying for gap up huge on Monday so I can go all in with Tvix.

As a TVIX bagholder, I wish this come true too so that I can ADS.

What's ADS?

average down shares?

Thanks.

Early weekend sauce and some technicals on gold, silver, S&P

http://atruecontrarian.blogspot.com/201 ... -2011.html

tdo722 wrote:

knock wrote:

tdo722 wrote:

knock wrote:

tdo722 wrote:I'm praying for gap up huge on Monday so I can go all in with Tvix.

As a TVIX bagholder, I wish this come true too so that I can ADS.

What's ADS?

average down shares?

Thanks.

Same - see you at Trader Vix monday afternoon

jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.

jar what timeframe chart u looking at?....1.4 is waaaaay up there

Cobra, don't you think the law of inertia has been abolished? There should have been some follow through of Wednesday selling, There should have been be a lower close. Instead the market melted straight back up.

Al_Dente wrote:

jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.

jar what timeframe chart u looking at?....1.4 is waaaaay up there

i'll post it now.

Klarisskin wrote:Cobra, don't you think the law of inertia has been abolished? There should have been some follow through of Wednesday selling, There should have been be a lower close. Instead the market melted straight back up.

bears are not over yet. after an extremely low NYADV readings, there're some cases in the past the market rose 2 days in a row so the next Monday would be the key, another up day would mean there's never going to be a lower close, but now still early to say bears are dead.

jarbo456 wrote:

Al_Dente wrote:

jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.

jar what timeframe chart u looking at?....1.4 is waaaaay up there

i'll post it now.

here is the 5 minute.

hourly.

and daily.

the daily is ugly.

Al_Dente wrote:

jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.

jar what timeframe chart u looking at?....1.4 is waaaaay up there

it's backward, but you can see some clear cups on the 5 min and hourly for sure, and a ragged cup on the daily.

i'm more concerned with the 5 minute C&H though.