Cobra's Market View

soku wrote:i see div on the drop. possible st bounce to 1340 area

a little bit slow, i hope to see 1342.25

Dow Trader wrote:So far, it is typical Friday with dump it at the open, then print the low in the first hour and half that get the short exited, and show some short term sell signals, then up slowly to the close .... but who knows, maybe some news from US could give it another view ... flat and waiting

Ya, so far it is typical

Cobra wrote:not much to say, I believe this is the 3rd push up attempt, so key time. no decisive breakout, then it's 3 push up pattern, we shall see a little bit bigger pullback; decisive breakout, then bears have to wait for the next pattern which nobody would know when. so let's wait and see...

In the mean time, take your dog out to walk, have some lunch, read a book on the hammock ( its cloudy outside).
Nothing much gonna happen today.

IYR,IWM,XLF looking more bullish..We will have to wait and see.Maybe a reversal coming????

I sold all of my TNA here from this am's nice 2 push down (thanks Cobra!!). I guess that means it will power higher. Anyway , I am waiting for a bigger pullback to re-load. Not sure if I want to hold over weekend probably just scalp after lunch.

Already holding 3/4 position in FAS WFC and MCP.

Good luck everyoe long or short..

It is pretty cold in the suburbs of Baltimore... only 91

AK84 wrote:

cougar wrote:

AK84 wrote:Hi all,

Anyone have any comments on the chart of Wynn ?? Im short sep 170 puts and wondering if I should close .....has been going up last 2 days.....

Cobra?

My entry LONG WYNN (Sep 170 C) was posted 2 days ago: proposed as a long swing before the BUY signal, 3 charts and comments in real time.
I am still bullish on WYNN...Thought nobody was interested and stopped posting on WYNN ...
Chart update:

Thanks Cougar. What is the green line on your chart at which point u went long ? Is that the BB or MA ENV ? also can u elaborate on what Moving averages ur using ?

Thanks

AK84: The entry was @ ~157.7, immediately after the bounce, above the “Moving Average Triangular (165)“.
A confirmation appeared at the breakout above the confluence of “Moving Average Weighted (138)” and the “Fractal MA (34)”.
The L of those moving averages was not “painted” randomly…It was a choice made by a BOT-assisted process, and those MAs should not be applied to other equities as generic tools.
The bands that you see are: a modified Keltner (L=13, black) and an Acceleration Band (L=21, blue).
Obviously, when the price touches both lower limits of those bands and then bounces, this enforces the BUY signal, independently generated by the MAT bounce…

KENA wrote:IYR,IWM,XLF looking more bullish..We will have to wait and see.Maybe a reversal coming????

Whatever it is I am taking a break and may not DT anything in the next hour or so.

crude breaking out of it's flag.. went long 99.60 stop even. will add with break over 100

BullBear52x wrote:

KENA wrote:IYR,IWM,XLF looking more bullish..We will have to wait and see.Maybe a reversal coming????

Whatever it is I am taking a break and may not DT anything in the next hour or so.

ME 2.
closed my psotion and go for lunch. it is friday. enjoy

Some "people" buying CAT and CAT calls now...quite actively...
I got a short term BUY signal.

sold another 1/4 at 1342 for +9.. leaving last 1/4 for gamble, stop at even. we may see 1346.

lilitulip:

$23.15.

http://99ercharts.blogspot.com/2011/07/silver_22.html

Bear flag until now???

crap, got stopped out of my crude... bull flag fail? we need euro rally to support prices.

Cobra, any idea here?

Building to a move above yesterday's high or do we fall back down to the rising trendline?

Neutral stand short term

Bullish up trend, buy the DIP is on until new LL occurred

Intraday BBWs on the SPY are rapidly contracting indicating a large move is soon.

Russell !!!

I am done today, it's Friday

Good luck everyone, and thank you to the head of snakes, Cobra.

Cobra..You are very quite to day.