Cobra's Market View

Cobra wrote:

pablorynx wrote:Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?

That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?

judging by the open so far, it doesn't look like we're heading down.

so, we can forget that the revisit the low that mentioned in last night report for today?

how comes the market exhausted so quick?
FAZ goes higher and higher.
FAS go go go please. You will be only slaught when over 13.22.

bad print on the umich numbers....

60.4 expected
57.5

but barely a move.

cobra, do you see the p=bars at 120.50 on spy?

BullBear52x wrote:

Al_Dente wrote:

BullBear52x wrote:Buying UNG again.

yawn, such a boring board when u r away

so you like my none sense hey? sometimes I feel like I am over post, so I
slow down from times to times.

U NEVER OVER POST
It’s just that………… I visualize u with a laptop, under a palm tree, watching the market and the bikinis parade by…..grasping a heineken … hibachi full of steaks nearby, marinated by a sarong-clad lovely ………………
no, no, no, don’t tell me……….….. you’ll spoil it

Updates

Gold http://99ercharts.blogspot.com/2011/10/gold_14.html
Silver http://99ercharts.blogspot.com/2011/10/silver_14.html

Betting gap will close today

pablorynx wrote:

Cobra wrote:

pablorynx wrote:Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?

That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?

judging by the open so far, it doesn't look like we're heading down.

i see R2K losing steam vs SPX, advance-decline line going lower, GOOG is being sold down from it's 600 print. we're not hitting on all cylindars today.

Okay. But RUT is still on path to 720.

Corba~do you think SINA is exhaustion bar now?

alvian33 wrote:cobra, do you see the p=bars at 120.50 on spy?

no

lqiantobe wrote:Corba~do you think SINA is exhaustion bar now?

no good if we close right here.

Apple wrote:

pablorynx wrote:

Cobra wrote:

pablorynx wrote:Anyone else notice that the Nasdaq is 3.3% away from it's recent cycle high? Is this a bear market?

That being said, I like cobra's plan from last night. marginal new high before a trade down. Cobra, I'd bet you think the trade back down lasts to 1175 in SPX, no?

judging by the open so far, it doesn't look like we're heading down.

i see R2K losing steam vs SPX, advance-decline line going lower, GOOG is being sold down from it's 600 print. we're not hitting on all cylindars today.

Okay. But RUT is still on path to 720.

I agree with that statement. But I believe it's closer to 765 - 780 range.

lqiantobe wrote:Corba~do you think SINA is exhaustion bar now?

SINA also led the drop on 9/20...perhaps we'll mirror that 9/19-9/20 progression as cobra said.

heavenskrow wrote:still holding TMV baby.

I feel bad for whoever want all in on TVIX. I hope they have a chance to recover their losses

Yeah, I feel bad for me to. I think next week I'll recover though.

silicon_beaver wrote:how comes the market exhausted so quick?
FAZ goes higher and higher.
FAS go go go please. You will be only slaught when over 13.22.

The reason why FAS lags is likely because Fitch just downgraded MS, BAC, Goldman, etc.

TZA long looks like a good trade right now and also AMZN short.Look at your charts .

market seems very subdued this morning...or is it me?

Update

30-Year http://99ercharts.blogspot.com/2011/10/30y_14.html

I am still believe this will play out longer term.

also being told that approx $1bln notional has been sold since the morning open, new positions as shorts. dealer/HF flow.