Cobra's Market View

Anaconda wrote:

WhyNot wrote:Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

AK84 wrote:

Tabby wrote:

AK84 wrote:Cobraaaaa!!!!!!!!!!!!!!!!!!

Just to let you know I bought the GOOG 565 call expiring next friday and its going to be worth $35-$40 ! I paid only $5!!!!! IM SOOOOO HAPPPYYY

Thanks for helping me out as alwayssss!!!

Congrats AK84.
The day before GooG earning, I read an article to buy BIDU and dump GOOG. I guess GOOG got jealous of her nemesis.

Thanks Tabby!!! I remember your post on how if it sellls off on earnings day means it may pop in AH . Cobra helped me decipher the weekly chart which clearly had 3 push down and was on the 2 legged up phase.

It was a $500 risk (could have lost all ) but the upside potential was pretty good considering the stock sold off so much already so even a slight beat would have lifted it in my opinion . I dont take huge risks prior to earnings but sometimes u gotta take a gamble

agnosia wrote:

Anaconda wrote:

WhyNot wrote:Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

hey anaconda did u cover your short? i can't believe crude is trading higher today...

agnosia wrote:

Anaconda wrote:

WhyNot wrote:Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

hey anaconda did u cover your short? i can't believe crude is trading higher today...

AK84 wrote:mutltiple confluences at the 1309 area.

Weekly MA 9 , Backtest of broken trendline, and MA 20 . I dont think the market is going to really drop here. As long as 1291 holds i think the bulls are okay and cobras higher high ahead will get fulfilled since we have already seen a lower low.

But then again ...this is what i "THINK" but i'll trade what i see.

Anaconda wrote: I did, at 96.75. But with a lot of misgivings. If we pop over 97.50, I'm in for another round. I expect the dollar will jump next week and oil will fall with it.
A.

zudec wrote:Been watching and learning...am total novice. Thanks to all here - esp. Cobra for sharing and teaching. It will be long time (if ever) before I can contribute...but I really appreciate the site a lot. May your trades all be safe - even if not profitable.

cougar wrote:According to the Twin Gann Squares:
First target ~ 1302.3 (soon)
Next target & support = 1291.7 (around Jul 20).

…unless you believe in the Full Moon Miracle today …Gann did! LOL!

tonghu wrote:posting test

vix.png

rhight wrote:

cougar wrote:According to the Twin Gann Squares:
First target ~ 1302.3 (soon)
Next target & support = 1291.7 (around Jul 20).

…unless you believe in the Full Moon Miracle today …Gann did! LOL!

It is interesting how different methods can over lap. Using an excel implementation of Robert Miner's Dynamic Trader (didn't want to cough up the bucks, but I've seen Cobra present screen shots of it) I've come up with some concurring data. Of course, garbage in, garbage out, and so the time/date inputs have to be carefully chosen. But, assuming that we are in an ABC correction of a prior trend (SPX 1258 to 1356), I get a price group at 1307 that may fit with a date group between 10am and 1pm today. And a 1390-1395 price group that may fit with a 7/18 afternoon date group. I'm sure this is mumbo jumbo to many, but it is a useful context in which to execute a separate and well defined trade entry strategy. It is useful to know that I'm a position trader, with only two "definite" long and two short signals to work with this year (and some other "discretionary" higher risk set-ups), so that probably puts me in the minority on this board, but my intention is to capture the larger 100 point moves. Day trading is too stressful this older guy. I wouldn't advise anybody to trade on this info, just sharing a perspective.

BullBear52x wrote:UNG, 12.5 is not too far distance ahead.