Cobra's Market View

spx...??

I am wondering if we gap lower tomorrow morning??

TraderGirl wrote:I am wondering if we gap lower tomorrow morning??

GOOG is your key. Probably.

Last time GOOGLE was a big miss...

volume surge, so may see pullback of some kind here, then should be more up.

Paging Harapa, looking good on both.

TraderGirl wrote:spx...??

Many times after big up onThur.with bad ecom news the mkt pops dn on Fri..I may get some Spy puts befor i leave.Have not made up my mind as yet,waiting.

cobra are we not tradying on a huge bear flag? from your last post it seems....

BullBear52x wrote:Paging Harapa, looking good on both.

Thanks. What does yellow circle represent?

MrMiyagi wrote:

TraderGirl wrote:I am wondering if we gap lower tomorrow morning??

GOOG is your key. Probably.

Bernanke is speaking tomorrow also, wonder if that will have an effect on the markets, wonder if we go down into the speech and then slightly recover...??
http://www.federalreserve.gov/whatsnext.htm

I posted this chart of Google a while back, wonder if they will finally break out, or correct as they have in the past...very interesting to see what happens...breakout level is around 663....

grachu wrote:cobra are we not tradying on a huge bear flag? from your last post it seems....

Flags should point in the other direction of the initial move, in this case the channel should point down not up so it's not a flag.

grachu wrote:cobra are we not tradying on a huge bear flag? from your last post it seems....

Maintain the big picture. everything goes as planed.

ESM2 SPX futures - BEARS get slapped - HOW HIGH IS HIGH? , you ask-good question

Could get to 1398 to as high as 1408 as retracements from 1422 to 1357
but 1382 would be the first target as 38% of the 64 pt loss

gap resistance.

Harapa wrote:

BullBear52x wrote:Paging Harapa, looking good on both.

Thanks. What does yellow circle represent?

price level confirmed a reversal and must stay above that level.

MrMiyagi wrote:Cobra, I could make a living just by buy/selling from your measured move targets.
Kudos to you.

Might I suggest you read (but don't trade it greatly) Elliott Wave Principle. Three wave moves are an A-B-C where C tends to be .618, 1.00, 1.382, or 1.618 of the first A move. The overwhelming majority of the move up from December 19th were A-B-C moves. As per the theory itself, that is utterly illogical. But it's not, apparently, when instead of humans, computers have programmed in "wash-rinse-repeat", and there is no volume to stop them. So we see the smaller time frame A-B-C more often, while the longer time-frame (but who really trades long-term?) holds together but intermediate gets the rules shattered routinely. At one point I thought EWT was a gift. Now, aside from these smaller moves, it is a curse as it is plainly gamed and all bear moves are stopped. To think they don't specifically break patterns would be blind to what the mkt has become. It's why with bad news the mkt gets turned. They are fully aware of what it says and when it says DOWN they just won't allow it.

Welcome to 5 year plans

BullBear52x wrote:Paging Harapa, looking good on both.

what's the yellow dots?
would it kill u to just say the word "buy" ?
one time?

SWalsh wrote: Might I suggest you read (but don't trade it greatly) Elliott Wave Principle.

Thanks SWalsh, interesting.

Cobra wrote:gap resistance.

Nice observation Cobra. Any chances that gap ll be filled?
may be tomorrow?

wayne0708 wrote:

Cobra wrote:gap resistance.

Nice observation Cobra. Any chances that gap ll be filled?
may be tomorrow?

on the bull side, better believe unbelievable. so why not filled? why not SPX 3,000 today.