Cobra's Market View

Wow, lots of convincing charts indicating pullback. If I had to make a WAG, I'd say the charts argue for a small pullback 1-3%, then a rally to new highs once again, and that's the point to bet the farm short. Should be an exciting summer and fall (pardon the pun) ! :-D I think this shows something ...

I can do even better than that.... SPX 3665! :shock: http://paststat.com/blog/costas-minimal-surface-and-its-applicability-for-spx-year-end-projection/ (not my work, just posting for the sheer insanity of it...) What-if the past year was a basing pattern? Wyckoff calculates a break-out target by usi...

wouldn't it be a really bearish sign if the Pbar shows massive sells at the highs? Yes, it is VERY bearish! As to your other question: “… then how come it will be hit later ? I don't get the correlation here.” In theory, “Big Payer #1” would sell at the top to a market maker or another party with d...

I saw a SPY p-bar all the way to 221.81 around 1045ET this morning. They deleted it and it's gone now, but that's quite a target to the upside.

The rest of the week has favorable odds for more down. Probably 2-3% lower by Friday. But this is interesting. I was randomly surfing yahoo finance and saw this... Don't think I've ever seen it there before. Buy the dip!?!?!???

TraderJoe, I saw numerous qualities (some quantifiable, some internal) of the Aug drop that indicated it would not be a V bottom. The safest play was to wait for the bounce back rally, which we had, and then short the piss out of it. That still remains the play. The cover point will be the Aug low. ...

I have never seen VXX move anywhere near this much without SPY moving.. Amen to that. I've been messing with TVIX the past few days anticipating a pullback in the market. Well I never got the pullback (yet) but sure did make some money! Insanely lucky. I'll be buying it again early next week, becau...

:geek: SPY morning gap filled ...as expected... :geek: You know where to find these predictions...and for nothing...save your money You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people...

Someone posted this relationship a while back. USB:SPX This chart is screaming to get long. Either that, or something really bad is about to happen. An implosion of great magnitude. I'm building longs for the bullish case. http://stockcharts.com/h-sc/ui?s=$USB:$SPX&p=D&yr=1&mn=0&dy=0...

Been reading MASTERING THE TRADE by John C. Carter... "If the TRIN closes above 2.0, the market has an 80% chance of rallying the next day." That would be today. He goes on to say, "The moves the next day won't necessarily be big moves, but they will generally be opposing moves."...

I just found a note buried on my desk written on 9/18 of a SPY p-bar @ 202.45 (probably courtesy of Miyagi...I can't remember). Exactly today's high. Downright strange!

Anyone else see this?

Here are my targets for the next few months...

I tell ya what, if we get a 100 pt downward move on the SPX sooner than later you'll have a follower for life. All: I have developed a system which interprets and produces the true, actual waves of the market. I've been mapping the market with it for years now and it is spot on accurate. I'm going t...

We all know how bearish the AAII survey is... However, something caught my eye this evening. The NAAIM survery is not nearly as bearish. In fact, manager sentiment was quite bullish on Weds when the survey was taken. From a contrarian view, it's bearish and I believe cancels out the AAII numbers. ht...

It does appear bullish, but I think we may need to see back beyond 2009 (mega-bull run) to make a fair assessment.

mmk980 wrote:
Looks bullish to me.

Cobra wrote:OK, target reached. I said it's 83% winning rate and indeed.

Wow, well done!! And thanks!

Dashboards? JT, does your spreadsheet dynamically update? I'm interested in just being able to import data from yahoo. Yes, I get most of my data from cnn money, believe it or not. It's all "real time". The only indicator that is delayed 15 minutes is the VIX. I use my brokers real time s...

The spreadsheet pulls in live data every 60 seconds. I only pull in a handful of tickers and some other data (sentiment and SPY volume). Most of what you see in those columns is just data manipulation using excel functions. Some of my "if" statements are massive. Many columns are hidden si...

Dashboards? http://multimonitor.net/wp-content/uploads/2007/06/elitetrader.jpg Did someone say "dashboards"? Wow, that's insane. Mine is a bit different than most. I only trade at 3:58pm, based on what my "dashboard" is telling me. Column X is my signal, Column Y is what I trade...