Cobra's Market View

TVIX is broken. Market has been dropping but TVIX is not advancing. Does anyone know why? Thanks!

Day trading/Swing trading aside, do you guy think we will penetrate October 4th low? If so, in what time frame? Just for fun!

Anyone care to comment on the megaphone pattern? Has it already been broken to the upside?

99er wrote:Honey?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_9711.html

How do you say "clowns" in German?

Your charts are confusing and your comments are ambiguous.

Cobra,

What do you think about the megaphone pattern in NASDAQ composite? Is that eidence we saw a top yesterday and a penetration of 10/4 lows is possible?

Thanks

Today's move won't mean anything if volume is low. In fact, it'll be good for the bears to short here.

EvilTrader wrote:cobra

do you think today is a short term beear trap ?

Bear trap occurs on uptrends, u mean bull trap?

Volume actually seemed a little on the light side compared to the early August crash days. Maybe things are just getting going, but if we see lower lows on lighter volumes, it would be consistent with a bottoming process. I wouldn't refer to the august drop for volume. Volume is actually higher tha...

IBD changed market outlook to "Market in correction" yesterday. Any thoughts? I findcthem pretty good at timing the market. They issued same outlook on 7/27 and we all know what happened..

SPX very close to 1120 support level, we bounced back from 1120 twice in last 2 month. Is this the big leg down?

Cobra wrote:last count, any bears left? I see lots of brave bears. any more claws?

Count me in! My claws are sharper than ever! 1120 here we come!

I think bears are just in shock right now. I for one still think we will test the 1120 area. Tomorrow and next week's fed announcement will be extremely crucial.

It sure looks like we are going to test the 1200 area again,again,again..The bulls will not give up. Test and fail, re-test and fail, re-test a third time and fail again. Someone tell them to give up already. We now have a triple top at the 1200 area. It's hard to imagine that the rebound from 9/12...

Good Morning! I'm still a newb so bare with me for a seceond... Do any of you know the historical performances of Quadruple Witching days? Thanks in advance!

this kind of consolidation means another push up is more likely. I think the last 30 min could get ugly for the bears you need to have nerve like steel to stay short there... i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment ...

qtipped wrote:

biotrader wrote:

rupert wrote:I'm afraid to say it but I've closed out my short position

It had reached max pain for me. It'll probably crash tomorrow now. Gutted by the strength of this rally.

just went short

i'm still a short idiot...

That makes 2 of us....

I'm sure we are all aware of triple witching Friday coming up. Could this weeks short covering have something to do with the expirations in friday? Some pre-covering? I'm long tvix still, I don't see the market rallying just yet. In fact I see us testing and breaking low of 8/9 before we get a clear...

Seems like a lot if manipulation in the market.

Double bottom and then double top.
Holding my breath right now.

Where did that come from?
Something must have happened!