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Thanks and welcome aboard!ultramarine wrote:Great call today, Cobra. This is my first post. Just wanted to say how much I enjoy this great discussion board. Informative, educational and friendly. A rare combination.
I'm sure its been mentioned already, but one possible reversal area for this pullback might be around 118. This would do two things at once -- fill the gap from Aug 29 and back test the prior triangle resistance. It may be a bit of a tall order now, but tomorrow or Tuesday -- who knows?
Hello, Pidge:pidge66 wrote:Cobra, and fellow Chinese traders:
I own LFC as my only Chinese blue chip holding (just 200 shrs but in big red). Anyone has any idea what's wrong with this company fundamentally?
We got 3 cents lower which is enough to end the Flat. I think your Cobra sense is right but we're not far away from being able to break today's down trend line and give Bulls hope for tomorrow being green.Cobra wrote:tinted area as rebound target. I don't think today's intraday sell off would be bought again like the previous 2 days, but we'll see anything could happen.
is the phantom bar target to the downside still i play?StrikePrice wrote:We got 3 cents lower which is enough to end the Flat. I think your Cobra sense is right but we're not far away from being able to break today's down trend line and give Bulls hope for tomorrow being green.Cobra wrote:tinted area as rebound target. I don't think today's intraday sell off would be bought again like the previous 2 days, but we'll see anything could happen.
Ouch....why hold that? Technical is ugly... I see some huge support at 29.4 levelcougar wrote:Hello, Pidge:pidge66 wrote:Cobra, and fellow Chinese traders:
I own LFC as my only Chinese blue chip holding (just 200 shrs but in big red). Anyone has any idea what's wrong with this company fundamentally?
I am not Chinese, but I know LFC…Its profits for the first ½ year fell 28%!!!
Bad sector…both in the US and in China!!
However, its P/E is stil 15.7, which makes it attractive at this low level…
I would not buy it until it shows some signs of life, again..
we may run out of time for a true breakout as well. SPY looks comfortable trading between 121.56 and 120.96.Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.
Thanks! Like everyone says, Cobra is the best!Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.
spoke too soon. looks like we have plenty of time!jarbo456 wrote:we may run out of time for a true breakout as well. SPY looks comfortable trading between 121.56 and 120.96.Cobra wrote:the direction is still hard to say, bears have the ball and are attacking that's all I can say because consolidate below neckline favors bears a little bit. Let's wait if the real breakdown occurs.
What purpose is it?heavenskrow wrote:Fight Fight Fight!!!!! I love the volatility in the last few minutes....they do this on purpose =p