Cobra's Market View

So still looks like the old day: Just one day shock then as if nothing has happened, the market went back up again. Monday is the bear's last chance, if it simply keeps going DECENT up then forget about bears.

Up or down the next Monday, still think it's a range with slight up bias as illustrated by dashed blue lines. Just yesterday I thought 51% chances we're on the way to the range low, now after today's action, it's changed to 51% chances that the rally to the range high still is on and a decent up Monday would push the chances to 60%.

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.