Cobra's Market View

So I should sell everything, right?

http://www.cnbc.com/id/45765872

BullBear52x wrote:look at /ES of this run up, always sell double top. yeap always, if it doesn't play out your ways you will know it right away

Trying to understand but maybe I'm just dense. Can you provide further insight?

So let me ask, is anybody daring to short here? Seems everyone in the bull camp...

I'm just here to learn all I can from Cobra and the other gurus on the board

As a wise man once said... FLUSH IT

Looking at VIX it never signaled any sort of bottom was in. Seems this rally is closing the divergence in VIX and SPY over the past two weeks. Last time we saw this level in VIX it was the end of Oct top...

Does someone much smarter than me have any thoughts?

Petsamo wrote:HUGE bad tick on SPY, pointing to yesterday's close.

Chart?

keesa wrote:

Nomorework wrote:

BullBear52x wrote:I see selling pressure is too great right now for Bulls to hang up here today HOD double top is a sell for the hard core bears WDIK?

Volume is wafer thin, to be expected this week but just gas holding us at HOD

never short the dull market.

I'll heed that advice

BullBear52x wrote:I see selling pressure is too great right now for Bulls to hang up here today HOD double top is a sell for the hard core bears WDIK?

Volume is wafer thin, to be expected this week but just gas holding us at HOD

Me XMan wrote:I'm gonna have your HONEY!

99er wrote:Me XMan

Done.

I want to see the paypal screen shot of this transaction!

Me XMan wrote:I would say down for rest of the day to 1210

keesa wrote:

Me XMan wrote:I would say 1225

fehro wrote:pullback to 1230? or 1225 Blue channel retest?

If test SPX 1225, it would not be a dip any more. Loss of momentum is way too big for bulls.

Bold, but I like it...

Market is smelling fishy over Eurozone. One day you wake up and no more EURO. Too bad. SPX closing near low ain't looking good for tomorrow. Big gap-down tomorrow? Nope. This is the last flush. Market about to call an audible. Are you holding over night? [/quote] Take a profit and run ! FAST[/quote...

Me XMan wrote:Stick the fork in this pig and flush it.

Me XMan wrote:20.01 EU finance ministers fail to agree on raising the ESM €500bn ceiling.

FLUSH IT

Disappointed in bears... Lunch time

Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess". Mine: 1212, after it bounces off of support at 1210. I see strong support there, let see VIX need to drop further to support the support theory, TNX show some life in it, so f...

Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

Cobra, any updates on the target?

BullBear52x wrote:1200/120 spy is not if but when

Music to my ears! Let's go bears!

Yesterday's post... A=1210 - 1225.6 B=1225.6 - 1216 ( .618*A) C=1216 - 1231 Now it is all downhill from here...1150 here we come. Don't believe too much into elliot crap. Have you ever watch that commercial by All State about the GPS? That's how I think of Elliot waves. Turn Left, now, recalculatin...

Cheers! Here's to hoping we see it today...

I added to my short swing trade as well. Looks stretched. Anybody have a max pain chart? Thought I saw 124 earlier this week