Cobra's Market View

Who still believe that SPX can go below 1100 by the end of this week?

Hi Cobra. Thanks. Do you mean victory for bears or bulls?

Cobra wrote:20 min to go, OE day, anything can happen. bears need pray, as long as we close flat today, then it's a victory which if indeed I'd explain in the weekend report.

well, it's time to check my sharp reversal theory now, we should get the reversal today. Cobra to be clear you are expecting a green close today? No, I don't expect a reversal again today, otherwise it'd be too boring, doing this everyday. Hi Cobra. I know you do not believe. However, I do beleive ...

Cobra wrote:well, it's time to check my sharp reversal theory now, we should get the reversal today.

Hi Cobra, can you share what your sharp reversal theory? Why do you think we should get the reversal today?

Cobra wrote:well, it's time to check my sharp reversal theory now, we should get the reversal today.

Hi Cobra, can you share what your sharp reversal theory? Why do you think we should get the reversal today?

Cobra wrote:another boring day, so again here's evil plan. I had a perfect evil plan yesterday by the way. let's see if I get lucky again today.

Cobra, do you think it is time to short oil now? Or oil still has space to go up?

this kind of strong push down should be at least 2 legged. But i know most of you don't believe 2 bear leg anymore, so let's wait. Hi Cobra. In fact, you are right. Nowadays, whenever you say that "this kind of strong push down should be at least 2 legged", I am actually thinking that we ...

target failed. Here's another target, not sure the winning rate. Hi Cobra, I think this target was very well defined, any chances it gets revisited in the closing hour? Now the volume seems to be really light, but the market goes up nevertheless, somehow strange.... statistically, today's high will...

Cobra wrote:either double top or C&H here, let's wait.

thanks. but question is which one do you see has better chance?

Cobra wrote:another volume surge, so should be a little rest here.

Hi Cobra. What is your feeling now? Do you think we will fill the gap or have another leg down?

Cobra wrote:MA200 as resistance.

Hi Cobra. It seems bulls just can tackle every resistance or reverse every bear pattern. Are you still bearish biased now?

Cobra wrote:resistance. I gave up, this market wants to go up no matter what.

Hi Cobra. I also gave up today for bears. Do you give up for today only or for the next few days?

we just had 100 point pop, and there isn't a single word on bloomberg or cnbc tv. lol i thought they were supposed to report NEWS! This is the news to drive this pop up: "Papandreou's call for a referendum on the EU bailout is "basically dead," says a PASOK party official, as reporte...

Cobra wrote:

zhyuan04 wrote:

Cobra wrote:could be a small bear flag. not sure.

Hi Cobra. Was Yesterday a MAD day? Thanks.

no

Thanks. Let's see if we can close at MAD today. If not, I sense weakness in bulls.

Cobra wrote:could be a small bear flag. not sure.

Hi Cobra. Was Yesterday a MAD day? Thanks.

Cobra wrote:normally, this should be a 2 legged down.

Cobra, congrat. Your MDD gap fill rule seems to work again.

Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large. 1.png Euro still fighting the res...

Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large. 1.png Euro still fighting the res...

Why both GOLD and Oil are up big while market is in red? Anybody has any idea?

ChiOsc a little high now, may take awhile to function though, so nothing to worry for now. Hi Cobra. Since market is keeping going up aggressively, I feel like we may not have the expected second leg up if this is just a bear market rally. It may just go back down to your intermediate target of 100...