Cobra's Market View

Here they come!

More YES we can coming up, it appears. Makes it easier to explain losses of 8% vs 10%

Bears are hungry today, much like the one in this video caught eating a pizza yesterday:

http://www.huffingtonpost.ca/2011/09/29 ... 87290.html

Try Unagi -- I think its eel.

I LOVE Unagi!!! My favorite!

Ordered it once long time ago when wife pregnant - she almost barfed and ordered me to go to another table and eat by myself

Who says it's only women that suffer during pregnancy

I can tell there are many good traders here, just by the "I don't know" response to the low. Seriously, not trying to be smarty pants, but the reality is that the market is starting to hand the ball to the bulls.

AS much as I'd like to see a new low, I don't know

Fundies end of quarter bargain hunting - look our bears. Closed out GMCR shorts and buying deep value. ERX MA's flattening.....lots of beat up energy names that are widely held (and loved) by funds. I'm looking for SPY to get as high as 118.75 today - crazy, I know.

GLTA

God help me, but I am feeling very bullish. Bot some deep value betas (X, DNR, other energy/industrials) and am eyeing ERX. Looks like a textbook descending triangle breakdown, target 40.

"Sorry. Mislabeled counts on chart earlier. I think Wave 3 is done."

Spoken like a true EWer

dane, check out the patternsite.com for starters.

btw, I'm new here too, but long time lurker/admirer

momos starting to catch a bid. shorted GMCR, but now long, target 97

"I am seeing chatter (ala Doug Kass) about a rare pattern appearing called Three Peaks and a Domed House. " Yes, it is a very powerful, yet rare, pattern. I can't speak to whether it appears on SPY or not, but the "right side of the roof" is what is being built on GMCR today. Lik...