Cobra's Market View

Cobra wrote:

HK88 wrote:

Cobra wrote:the open. a question though, RSP has dividend today too?

Did a quick search, it was back in March, sth is fishy today..

so I think it has dividend today, but still lagging a little bit.

Cobra , today can we buy sds? thanks

so far not bad, a H2 is needed here to confirm double bottom.

3 bars per day with-out pre-market
looks a little bearish to me,
your guess is always as good as mine

I'm trying to learn Al Brooks H1 L1. Did we just get H2? Can someone advice? TIA.

pidge66 wrote:I'm trying to learn Al Brooks H1 L1. Did we just get H2? Can someone advice? TIA.

it was H2 but the signal bar is bear bar, so I'd wait for the current higher high as H2.

very good, got the H2, so we have a double bottom here so should go higher from here.

Here come my fav intraday divergence.

Cobra wrote:very good, got the H2, so we have a double bottom here so should go higher from here.

target 1290?

Cobra wrote:

pidge66 wrote:I'm trying to learn Al Brooks H1 L1. Did we just get H2? Can someone advice? TIA.

it was H2 but the signal bar is bear bar, so I'd wait for the current higher high as H2.

Wow, how do you post charts so quickly! Thanks!
BTW, is the "signal bar" the opening bar?

Cobra wrote:very good, got the H2, so we have a double bottom here so should go higher from here.

I think that is 1280 resistance that market is fighting, stuck between 1275 and 1280 right now

Hi Cletus,
The bottom is definitely not in. The swing high will go much more high today. Today might be a perfect opportunity to load up the short side for the coming bloodbath.
Anyway, lets agree to disagree. The end of the month is not very far, so we shall see then. For today, lets enjoy the long side ride.

jungle wrote:

Cobra wrote:very good, got the H2, so we have a double bottom here so should go higher from here.

target 1290?

so far only a scrape, 2 ES points. others have to wait and see.

This is how the market has performed to the end of the month the last 4 months by trading day. But I guess statistics are meaningless. Today is trading day 13.

Right now I'm trying to see which way to trade this mkt.Thinking about TZA/SDS.I can't see this mkt going higher but I will wait and see for a while.Still holding my SPY shorts.

pidge66 wrote:

Cobra wrote:

pidge66 wrote:I'm trying to learn Al Brooks H1 L1. Did we just get H2? Can someone advice? TIA.

it was H2 but the signal bar is bear bar, so I'd wait for the current higher high as H2.

Wow, how do you post charts so quickly! Thanks!
BTW, is the "signal bar" the opening bar?

no it's not opening bar. it's the bar you prepare to enter your position, so any bar can be a signal bar to you so you have to chose your signal bar wisely and then lay down your buy/sell stop.

Looks like tech has also had dividend today, it goes by the name of RIM

here is my intraday update.

http://www.greedandmoney.com/?p=433

cletus wrote:This is how the market has performed to the end of the month the last 4 months by trading day. But I guess statistics are meaningless. Today is trading day 13.

HFT Bots change their algos often depending on the market sentiment.

KENA wrote:Right now I'm trying to see which way to trade this mkt.Thinking about TZA/SDS.I can't see this mkt going higher but I will wait and see for a while.Still holding my SPY shorts.

I shorted SSO out right. all others short etfs I will have to wait, this is first day back and it's Friday just a warm up. SSO trades > 5dma but not SPY

hmm, no good, a opening double bottom only got a scalp, that's no good. here's what I see the next, the blue line below should hold, otherwise it'd be a double bottom.