Cobra's Market View

Short this morning in premarket with full position. Snoggy oscillator is till positive but looks like it may turn over by mid-morning. Given that the snog is pretty good about predicting turns 1-2 hours out, I am definitely front running with the short, however, the futures popped up pretty good an...

Wow, thanks for the encouragement. I feel much better now. The guy did make me think twice if I'm doing the right thing or I should be shamed. :roll: Cobra, one stupid signal is not enough to change the winning strategy, is it? Well, the most important thing I learned here on this board is to trust...

well, at least one target met. you don't want to see a little bit bigger pullback here though. Great calls today, thanks. I was with you all the way on the upside move... I follow your calls on SPY but trading mostly ES - are there any important issues you would recommend to follow? BTW - I can see...

Cobra wrote:

tradilus wrote:

Cobra wrote:for now, the bias is still down. again, I change fast.

Cobra, would you call it bear flag just now? If so is there any special way you trade it? TIA!

it's bear flag, because the previous trend leading to the flag is down.

Bear flag of course! The second question still valid...

Cobra wrote:for now, the bias is still down. again, I change fast.

Cobra, would you call it bear flag just now? If so is there any special way you trade it? TIA!

Cobra wrote:this is at least a 2 legged pullback.

I can see you are right (and using that call right now) - how did you know that it would be 2 legged pullback?

//tradilus

Hi! First of all congratulations - great place Cobra, thanks to you and the other active board members!!! Do you mind a question about AAPL? If the system goes now flat with the last (yesterday's) short position it looks for me it would be still one short and one long position - pretty neutral just ...