Cobra's Market View

Good morning to all (although its afternoon here in the UK). Took a long position on the Dow about an hour ago at 10590 at £10 per point. Looking good so far ! Decided to bank 175 points at 10765. Things to do after my markets close in a few minutes. What a great couple of days !! Have a great week...

Good morning to all (although its afternoon here in the UK).

Took a long position on the Dow about an hour ago at 10590 at £10 per point.

Looking good so far !

Banked another 94 points.

Think that will do for today - don't want get too greedy or risk losing any profits !

A little overdone yet again.

Taken another long position on the Dow at 10601 at £10 per point.

The cat has only used up 8 of it's lives afterall !

Whatever the reason for that bounce, I'm grateful.

Banked 87 points.

And doubled up at 10636.

Dead cat please.

A more than 700 point drop on the Dow in 2 days.

Too much too fast IMO.

Gone long for a quick scalp at 10676 at £10 per point.

Many thanks Cobra

Cobra.

You said a short while ago you expected to see a re-test of this morning's lows, if not today, then tomorrow.

Doesn't look like it will be today, so do you still expect it will be tomorrow therfore ?

LOL.
Well done Barack.
Thanks for nothing.

No good.
Lets try again at 11014.

Another chance to buy the Dow below 11100.
Many thanks - another buy at 11081.

No new intraday low on the Dow - yet !

Sold my Dow call at 11182.
118 points in 30 mins.

Yet again, one must be greedy.

Looks to me like it might be finding a floor, atleast in the short term.

Buying the Dow at 11064.

Should have waited 5 minutes longer !!!
Oh well.

Mustn't get greedy with this market !!
Sold my Dow call at 11296

130 points in 15 minutes or so.
That will do for now.

I have the H&S bottom as around 1170 on the SPX.
I believe we're just about there.

Trying again - bought the Dow at 11162 at £10 per point.

Doubled up on Dow buy at 11871

Green day tomorrow - one hopes !

Thanks to all for the great analysis here.
Watching with interest from here in the UK.

I've decided to have a punt and bought the Dow at 11938 at £10 per point.

by jamesmith » Thu Apr 07, 2011 3:19 pm

Cobra wrote:
still cannot believe that nobody complains about oil price those days?

i have to spend $50 to fill up my car's gas now



Lucky you !!
I have a medium sizish family car and it costs me around £80 (here in the UK) to fill up.
i.e. around $130 !