Cobra's Market View

SB73 wrote:Cobra three MDD's bad for bears?

very bad for bears.

I won't be very aggressive on the bear side now. I don't see bottom pattern yet, but 3 MDD and NYMO oversold are things we should respect a lot.

SB73 wrote:Cobra three MDD's bad for bears?

Also, at what level in SPX would it not be a distribution day, as it looks like it will most certainly be no worse than an 85 / 15 day ie (86 % declining)

Thanks,

=D

I think it's safe for anyone bought UPRO to set stop loss at $48.54 now. That minor pullback was 61.8%. Now we are heading toward spx 1172 before the next pull back. A=C

SSO stop loss is $39.97

HappyFriday wrote:Master Cobra,
Please light up the firework

In which direction you want me to light? By default I'd like it to point downhill.

Must have missed the post about contributing to the site via paypal or credit card. Is there a link on site as to how to do this? Many thanks, in advance, and happy turkey day to all.

Denali92 wrote:

SB73 wrote:Cobra three MDD's bad for bears?

Also, at what level in SPX would it not be a distribution day, as it looks like it will most certainly be no worse than an 85 / 15 day ie (86 % declining)

Thanks,

=D

I don't know, very strong rebound to close might bring down the NYSE down volume therefore eliminate the MDD, just hard to now how strong the rebound could do the trick.

Cobra wrote:

SB73 wrote:Cobra three MDD's bad for bears?

very bad for bears.

I won't be very aggressive on the bear side now. I don't see bottom pattern yet, but 3 MDD and NYMO oversold are things we should respect a lot.

All shorts closed or do you leave some open over the holiday?

Al Dente,
You missed nothing. Nothing is changed.

Cobra wrote:

SB73 wrote:Cobra three MDD's bad for bears?

very bad for bears.

I won't be very aggressive on the bear side now. I don't see bottom pattern yet, but 3 MDD and NYMO oversold are things we should respect a lot.

what is MDD, Cobra?
thanks

2 more spx points and target reached.

Cilvr wrote:Must have missed the post about contributing to the site via paypal or credit card. Is there a link on site as to how to do this? Many thanks, in advance, and happy turkey day to all.

http://www.cobrasmarketview.com/members ... ions-page/

no hurry and read the page carefully, it's a little trader's trick I play with all the friends here. I'll post the link on the front page after we moved to the new server.

to: Cobra and all the great souls,

HAVE A GORGEOUS THANKSGIVING AND BE KIND TO TURKEY STUFFING...SEE YOU BLACK FRIDAY!

wayne0708 wrote:

Cobra wrote:

SB73 wrote:Cobra three MDD's bad for bears?

very bad for bears.

I won't be very aggressive on the bear side now. I don't see bottom pattern yet, but 3 MDD and NYMO oversold are things we should respect a lot.

what is MDD, Cobra?
thanks

Major Distribution Day.

Cobra wrote:

HappyFriday wrote:Master Cobra,
Please light up the firework

In which direction you want me to light? By default I'd like it to point downhill.

Don't light up downhill, it will burn your dick. Do something crazy in Thanksgiving Day, and make everyone happy. Do you have a lighter ?

XLP (consumer staples) is doing very well

well, here comes the turkey. Nobody wants to hold short over the holiday, I guess.

5min looks like double bottom with macd positive divegence

Happy Turkey Day everyone.

I am going to put some stops on my positions but with the consistently negative news flow out of Europe and the US I have more confidence in the bear case than the bulls. Even if we get a rally at this point it may just be short and sweet.

Bad SPX, 1172.60 come on man.

dcurban1 wrote:Happy Turkey Day everyone.

I am going to put some stops on my positions but with the consistently negative news flow out of Europe and the US I have more confidence in the bear case than the bulls. Even if we get a rally at this point it may just be short and sweet.

trade technical and minus news (noises)