Cobra's Market View

Posted: **Wed Aug 10, 2011 11:08 am**

VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.

The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro

http://blogs.marketwatch.com/thetell/20 ... is-market/

Posted: **Wed Aug 10, 2011 11:09 am**

soku wrote:
soku wrote:i will read a push over 1141.5 as 1-2-3 and place my target at 1157
pattern failed, rejected right at 1141.25. we will retest 1125 area. i guess it will not be tradable to me for another hour or so.

not sure what's going on. it is not the drop bothers me. it is the dire4ctionless and volatile movements. my charts indicate the bottom in at 1122, but i am not taking any trade yet.

Posted: **Wed Aug 10, 2011 11:11 am**

Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.

The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro

http://blogs.marketwatch.com/thetell/20 ... is-market/

wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article

Posted: **Wed Aug 10, 2011 11:15 am**

soku wrote:
Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.

The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro

http://blogs.marketwatch.com/thetell/20 ... is-market/
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article

Posted: **Wed Aug 10, 2011 11:15 am**

Let's see if the blue wedge will work:

Posted: **Wed Aug 10, 2011 11:16 am**

Despite strong sell-off so far, not sure if you guys noticed the lack of SELL programs running today. I guess it is about time for me get out of my short-term holdings on those 3x bear ETFs, which I have been holding since July.

Posted: **Wed Aug 10, 2011 11:17 am**

Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

hu-haa..!! Great news for Cobra, congrats!!

But i'm afraid, not so good for us, i'm afraid... we'll see.

Posted: **Wed Aug 10, 2011 11:17 am**

congratulation cobra

now you are going to be more popular

Posted: **Wed Aug 10, 2011 11:18 am**

AK84 wrote:
Cobra wrote:clueless today, I'll mostly watch...
Cobra da,

test lows at 1101 again soon now guaranteed?
or could reverse anytime ?

revisit low has higher chances as I've been saying. not necessarily today though.

Posted: **Wed Aug 10, 2011 11:18 am**

uempel wrote:Let's see if the blue wedge will work:
SPX19.png

that means either we breakout to the upside or the downside ... is that correct?

Posted: **Wed Aug 10, 2011 11:19 am**

soku wrote:
Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

.....

good observation and nice article

Well, he deserves credits for all of his hardworking over last few years to build up his reputation. It has been a long road for him to get where he is now. Without his works, many of you (including me) wouldn't get to where we are right now.

Posted: **Wed Aug 10, 2011 11:19 am**

My two cents, Ron Walker has made me money by catching his bearish calls, and his trading skills are worth having knowledge of. Yes, he is a bear on the economy, and without QE2 we would not have had the rally we did.
Are we falling back into a recession? We never left one (jobs, housing,, bank's toxic waste still with us), the list goes on.

Posted: **Wed Aug 10, 2011 11:20 am**

Cougar, can u elaborate this please for a noob like me? What is "5MM levels in ONE INTRADAY MOVE"? What intraday chart are you looking at?

Thanks,
kv

cougar wrote:IWM: deep technical correction coming.
Yesterday, on its latest move up, IWM broke an essential rule of Murrey Math: “NO more than 5 MM levels in ONE INTRADAY MOVE!!” It did 7!!!
Therefore, it has to correct.
One can try to find the bottom of this correction - in agreement with Cobra’s scenario.

Posted: **Wed Aug 10, 2011 11:21 am**

Looks as though blue wedge is valid:

Posted: **Wed Aug 10, 2011 11:23 am**

luckystar2006 wrote: Well, he deserves credits for all of his hardworking over last few years to build up his reputation. It has been a long road for him to get where he is now. Without his works, many of you (including me) wouldn't get to where we are right now.

well-said.

Posted: **Wed Aug 10, 2011 11:23 am**

quientuves wrote: hu-haa..!! Great news for Cobra, congrats!!

But i'm afraid, not so good for us, i'm afraid... we'll see.

i see what u mean, man. i am requesting a golden ticket now

Posted: **Wed Aug 10, 2011 11:24 am**

soku wrote:
Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.

The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro

http://blogs.marketwatch.com/thetell/20 ... is-market/
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article

Hmm, great, thanks! But if we draw too much attention, then I'm afraid it's not a good news for the blog.

Posted: **Wed Aug 10, 2011 11:24 am**

From the 5min chart, maybe there is a descending triangle,target is 112.79-(114.77-112.79)=110.81.

Posted: **Wed Aug 10, 2011 11:25 am**

no trade so far.
buy order of fas @12.5 never filled.

Posted: **Wed Aug 10, 2011 11:25 am**

soku wrote:
Sleeperz wrote:VIX selloff said sell this market
August 10, 2011, 11:04 AM

Hours before the current session’s wipeout, stock watchers at Cobra’s Market View were feeling bearish about Wednesday’s stock trades — thanks to the VIX. The Chicago Board Options Exchange’s Volatility Index VIX, recently trading at 42.04, fell as much as 29% Tuesday and closed down 13% at 35.06.

“Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances,” they wrote late Tuesday. Read full post at Cobra’s Market View.

The SPDR S&P 500 ETF Trust SPY , a exchange-traded fund that tracks the S&P 500 SPX, was recently trading down 3.8 %. The VIX was up 22% to 42.80. — Laura Mandaro

http://blogs.marketwatch.com/thetell/20 ... is-market/
wow, congrats cobra. u r on marketwatch now (which is owned by wsj)
good observation and nice article

grumbles. The mainstream media has a way of poisening good things. If the TV and magazines start chattering about Cobra, things will get weird.

Cobra's Market View

08/10/2011 Intraday Watering

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