Cobra's Market View

excellent chart last night from 99er that gave us a heads up about todays open and direction...gotta watch for the signals the big boys ' discreetly send to each other ' over there on wall street...on no its no rigged not at all .... LOL your site is the BEST Cobra and will be joining up this weeken...

an interesting chart. just sharing what i see :mrgreen: :mrgreen: :mrgreen: https://www.etfguide.com//contributor/UserFiles/8/Image/The%20Script%20Nov%2011.gif Nice, SOKU! 2nd that. Louise Yamada ( excellent technincal analyst ) commented about the SAME pattern you see here, and expects that 2012 c...

Too obvious too obvious, I agree maybe too many expect it now, a repeat of yesterdays close, if it doesnt come soon, they may bail and send us down for the remainder of the day but staying FLAT right here into close could actually mess up the MOST amount of ST traders right now? maybe we dont move ...

I don't know what to say. nowadays all bulls need a imagination, so hopefully another 20 points gap up tomorrow morning, making it 3 times this week and 5 consecutive gap ups this week! Thank you ladies and guys, I'll see you tomorrow. Well COBRA , you' ve done it again....you truly are amazing !!!...

trust_yr_instinct: Thanks. And yes.This could be quite a rebound. sorry I meant, break the AUG lows near 1100, and yes I too agree with both you and Cobra that the next time down near that level should NOT hold , but might provide the needed " give up " and washout that could put in a bot...

SPX Update. http://99ercharts.blogspot.com/2011/09/spx_23.html 99er along with Cobra, your charts are fantastic, are you thinking we return up near 1140/45 ish to test and kiss the underside of that broken trendline, and the H and S neckline on SPX and then move lower and BREAK the march lows , pos...

did anyone else see the phantom bar at 10;50 a.m. 5min spy on TD Ameritrade trading site ? its all the way up to127.07...maybe its just there internal error but these things show up a bit to often and seem to work out mysteriously too often ??? makes you wana go .. hmmmmmmmmmmmmm ?

Anaconda wrote:I just shorted the most reliable signal I know. Can you recognize it?

seriously!!!!

is that a phantom bar I m seeing ??? cuz that is HUGE to the down if it is???

ok this is getting SCARY!!! EVERYONE LOOKING FOR A BOUNCE HERE...BUT crashes come from these kind of set ups...and from oversold levels NOT at highs...and its a summer friday...wow.... we are now at 2010 oct closing level for funds, and almost at the HS pattern Cobra talked about as a target...1175 ...

following the 2007 template....possible scenario.. in 2007 the august selloff ended at the 2006 oct close level ( most big funds have their performance and portfolios number based on october close ) if that holds true, we are RIGHT now at the oct 2010 close level and funds are break even on their oc...

daily charts useless here ! go to WEEKLY....best sources I have are saying SPX support at 1158 to 1178...still that' s a point range...with even 1110 to 1117 possible...small size right here no big bets yet

Thoughts : how dangerous is it to hold over the weekend? the media will be crazy over the weekend with stories about possible crashes and black monday, retail could get real scared, and what big macro fund would dare buy today ? ahead of possible worse news from euro zone over the weekend and bears ...

Great work as always Cobra, I agree with you last night about the 1,2,3 pattern on SPX / NDX 5 and 15 min lots of people on sites I read talking about " flash crash " possibilities ? let's remember that crashes come at and from low and oversold levels !!!! not at peaks, so YES this is a po...

I use TD Ameritrade to but I dont see them??? yesterday SPY??? phantoms?

ISM came out quite bad in Jan 2008 after a good run all thru late 2007 and that ISM data marked the beginning of a very rough period and eventually the fall of 2008 ( remember oct 08 ) Just wondering if we could be entering into another pattern similar to the top of 2007... (July top and then Novemb...

Cobra: generaly car dealers are scammers and a good private mechanic is better, BUT, this time your dealer IS correct in regards to a NEW car. The engine runs tight the first few thousand kms and therefore is more prone to initial wear, so its good to change the oil a few times in the first 5000 as ...

there is on room in this forum and this difficult market for egos and negative comments about other traders! keep your comments to yourself cheech, cobra runs this blog, and he is much much more often RIGHT than wrong....so lets respect him and each other... I agree with Cobra fully, to respect all ...

As I expected last friday, this would be a 'bear killer week " but like many I sold too early my longs. I shoulda stuck with my time tested rule that NO MATTER what ( nuclear plant explosions as in march end, greece collapse, bank faliures, bad econo news whatever !! ) the MOST important thing ...

No Need to buy now, let the weekend play out > But bears be very careful next week this is what your up against - monday last day for june and q2 settlement to claim victory on your shorts phanthom bar today points to higher levels next week july earnings in 3 weeks ( do you want to be short into th...

careful bears ! you have end of quarter end ( Q2 ) next week and only 4 days left to cover your very profitable positions for the quater, ( cover now while you can not when you HAVE to ) PMs and big Hedge fund managers will HAVE to mark up things next week for their performance bonus to kick in, and...