Cobra's Market View

I'm playing with ellipses:

Guys, that's where we're now. Just imagine what QE3 will bring us.

Cobra wrote: I don't think most of you guys actually go to supermarket every week. I drive my mother to supermarket every week. The thing I remember the most, is last year, my mother always worried that she couldn't spend more than $50 for the food (therefore couldn't use the coupon to get the discount). This year, well, no problem at all, the average she spends at supermarket is way above $70. That's a huge differences!

I suggest you look for a food co-op or organic/local grown produce place to do your shopping. I live up in the mountains of ny near many farms and the produce i buy from the locals is 1/2 the price the supermaket charges. Not sure where you live but you should see if there is one in you area.

agnosia wrote:

Cobra wrote: I don't think most of you guys actually go to supermarket every week. I drive my mother to supermarket every week. The thing I remember the most, is last year, my mother always worried that she couldn't spend more than $50 for the food (therefore couldn't use the coupon to get the discount). This year, well, no problem at all, the average she spends at supermarket is way above $70. That's a huge differences!

I suggest you look for a food co-op or organic/local grown produce place to do your shopping. I live up in the mountains of ny near many farms and the produce i buy from the locals is 1/2 the price the supermaket charges. Not sure where you live but you should see if there is one in you area.

i have similar experience but the main drawback of our local farm's market is that it is way too seasonal.

No QE3 market will tank to SPX 800.

Cobra wrote:Guys, that's where we're now. Just imagine what QE3 will bring us.

I'm driving and feeding and clothing a family, and concur 100% with the reality of inflationary price pressure in consumer goods, fuel, food.

Am I on recession panel dicusion board? this is good dicussion, a true view of how real poeple think, I like to hear more. sentiment is what I trade on, I talk to friends and neigbors of how poeple think about economy, answers, not so bright, but stock need to go up that all we have left now. so Uncle Ben got lots of support for that thinking, but really the right thing to do?

Wall Street Journal is reporting that TEPCO claims cooling systems at fukushima nuclear plant should be coming online and functional by tomorrow.

back to the charts. Play hard to get here, need to fill the gap before they grand my wish? or not at all.

1400 by june!

deadmoney95 wrote:Wall Street Journal is reporting that TEPCO claims cooling systems at fukushima nuclear plant should be coming online and functional by tomorrow.

and soon the news about ME is also fine coming soon.

The thing is that the spend on food doesn't take much percentage in developed country but certainly in developing country a 20% increases in food price certainly is a big increase and this explains what's happening in mid east. Developed countries may think this has nothing to do with us, well, the problem is all the cheap products you bought at Wal-Mart (well, I know you guys are rich so never go to Wal-Mart) are produced in developing countries. For now, all US companies don't increase the price much because they're afraid of losing you guys as customers but this means all those companies are losing margins which could be the problem for QE3. Losing margins at least means no job creation, so the more you print the money the least job opportunity and therefore according to our dear beloved Ben means QE4 and QE5 and this goes on, until eventually you have to pay all the rising prices. Ben at that time would say: Look how stock market goes, it's all time high, because of me!

Today looks like one of those days where the DOW is just waiting for my market (UK FTSE) to close, before bouncing upwards.

Lets see what happens at 4.35pm (GMT) or 12.35 Eastern.

p.s. a litre of petrol in the UK is £1.30, equivalent to over $2 a litre or $9 a gallon.

How does that compare in the US ?

See, what I said, huge up day could be. All bulls need are some imagination.

Small trend line from yesterday, but I won't hope it'd work.

All I need do are change the neckline little bit, so the H&S bottom is still valid.

this market is gap happy

Cobra wrote:All I need do are change the neckline little bit, so the H&S bottom is still valid.

140/1400 here we come!

RUT is almost confirming bull move to come

We are happy & GAY!
I like my new look~~

Volume surge, overshot, multiple resistances, I think we'll see a pullback of some kind here.