Cobra's Market View

agnosia wrote:hey guys does anyone know if the markets are open monday? thanks

U.S. stock exchanges are open for trading Columbus Day, October 10.
Bond markets, Federal Reserve Banks and many of the nation's banking institutions are closed.

alvian33 wrote:you missed one cobra, i think its 10,000,001

All future postal workers, too.

http://redtape.msnbc.msn.com/_news/2011 ... rvice-woes

Well, I guess that's it for today. The big picture as I've explained sometime ago, today's action confirmed that the up momentum is further weakening therefore the chances are even higher that what we had was (is) merely a rebound, that Aug 9 lows will be revisited. That said, there's always anothe...

ok too much overhead supply in /es i think.. saw the DOM and i don't think we get through today.. selling all my /es longs . flat now. my guess is we hang around these levels and gap higher overnight... i will stop posting now, sorry for posting so much today guys :) i hope some of you followed me ...

As someone complained about the gap statistics which I agree, although my purpose is not for you to trade the gap purely by the gap size. But anyway, any confusion should be avoided, so from now on I won't mention any gap statistics. They're useless without combining with other trading techniques a...

Cobra wrote:another failure on my 90% winning rate setups, unbelievable.

For me, you were 100%! I took the ride up based on what you had said earlier and sold. Many thanks

Cobra wrote:

Anca wrote:Opinions on target for RUT? Thanks

1-2-3 Formation text book target. IWM is confirmed in downtrend now.

Do you think TYP will follow to upside?

BullBear52x wrote:See TYP not so hot on Tech

well, I am out of my bull camp, DT bear.

Looks like a H&S formed on the 6 mo daily. SOX look like he got the flu too.

cougar wrote:Good morning.
VIX for the bears: it is toward the end of an ABC correction, with a possible target around 15.
After this, an UP impulse should follow.

Good call. Any thoughts when to buy TVIX?

$sox looks like it wants to fill gap at 395 (early next week). Support should be around that point based on trendline off of 2009 and 2010 lows.