The Intraday US Stock Market Discussion Board
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thanks, but too early to say today won't be a bulls fighting back day.oldpigwang wrote:Thank you Cobra. I bought some SPY calls at the low of the day, want bet if the mkt is "Usually after a Major Distribution Day, the next day tends to be a small consolidation bar" as u said, or like
other analyist's predict: today should be a reversal day or some others say today should be a bull's fighting back day.
Now, Cobra is the best one. I escape my calls with $9 profit only. This is a small consolidation bar as Cobra said at the openning.
Thanks Cobra.
The only antidote to Cobra's venom is QE3 to the power of infinity.AK84 wrote:Those who don't follow Da Cobra shall be graced with the wrath of his venom!
The antidote is veryyyyyy veryyy (insert very x ....) hard to find!
if indeed qe3 and the market responds positively, my blog as well my forums including this would be dead. The visits to my forum dropped 45% for the past 2 years because nobody would be interested in stock market analysis anymore.Tabby wrote:The only antidote to Cobra's venom is QE3 to the power of infinity.AK84 wrote:Those who don't follow Da Cobra shall be graced with the wrath of his venom!
The antidote is veryyyyyy veryyy (insert very x ....) hard to find!
cannot answer the question like this, too much pressure for me.oldpigwang wrote:Will you think the previous low could be an entry point for swing trade?
Well Cobra…The herds are always wrong…They don’t want to consider that “something else” might be happen soon…Cobra wrote:if indeed qe3 and the market responds positively, my blog as well my forums including this would be dead. The visits to my forum dropped 45% for the past 2 years because nobody would be interested in stock market analysis anymore.Tabby wrote:The only antidote to Cobra's venom is QE3 to the power of infinity.AK84 wrote:Those who don't follow Da Cobra shall be graced with the wrath of his venom!
The antidote is veryyyyyy veryyy (insert very x ....) hard to find!
Previous low? Was not it in April? 1300ish?Cobra wrote:too bad, the more drop, the less look like a back test of the previous low. the market is too weak to find a base.
I bought back my SPY calls anyway. Now 'v already lost the $9 I earned this morning. But this bounce shoul last hours, just a bet. Thanks. No pressure.Cobra wrote:cannot answer the question like this, too much pressure for me.oldpigwang wrote:Will you think the previous low could be an entry point for swing trade?
I mean the morning low. it's the normal pattern to back test the morning low then reverse. that's why I'm commenting bar by bar now. just the more the drop below the morning low the less likely there's a reversal. for now, a reversal is still possible but chances are becoming lower and low.HK88 wrote:Previous low? Was not it in April? 1300ish?Cobra wrote:too bad, the more drop, the less look like a back test of the previous low. the market is too weak to find a base.