Cobra's Market View

Cobra, what are your thoughts on tomorrow if we close above today's open?

am i the only one covering shorts and buying for a gap up on monday?

i'm curious what this intraday says about tomorrow and the rest of the week... thoughts?

doesn't seem as if we are going to hit 12/19's low

Cobra wrote:well, guess that's it for today. not a good close for bears which I'll explain tonight. the low wasn't in of course, so no worry bears although it's not a perfect close. thank you guys, I'll see you tomorrow.

Cobra I think you spoke too soon. Two green bars at the close?

lots of buy volume

This might be the first day we fill a gap up or a gap down in a very long time. What does this mean?

Me XMan wrote:HAHAHAHA!

hehehe

Huge bull spike

The reverse came in at a good time. Hit 125.4, possibly heading to 125.6. Good call Cobra

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350. 1250 area is key...watch this area very very closely as it will define the action for next few months. watch at 1255-60 SPX, gonna see profit...