Cobra's Market View

Cobra wrote:

DAB wrote:Cobra,

I really enjoy your expermentation with different indicators. My question is how do you get the RSP:$CPCE indicator on a 0 (zero) axis? Thanks. Keep up the great work.

dab

I didn't. what you see is actually MACD(21,55,1). Smart?

interesting. this is good trick. i like it.

vwap is at 1304.5 for now. since es respects it couple times today, i may cover some when we approach there.
overall i still expect to see a revisit of 1298

all my criteria meet. i short at 1307.5

i think my 1305 area is not too bad. i want to claim a false break out if we go below 1303.25, as it would be a 50% pull back
if my case stands, i think we will visit 1298 very soon.

by default, all my numbers are on es, which is roughly spx -4

Cobra wrote:bears only hope for today is a much weaker push up from here.

so u think it is a flag and will break out? i am not so confident. and not sure about the up target. maybe it cannot even take the previous high.
i am waiting to short the pop.

morning gang.
i see a gang of lower highs and lower lows. es 1304-1305 now becomes strong resistance.
we will go lower. YES!

AK84 wrote:

yoku wrote:lol my 1312 target reached. raise to 1315.5
when is gs er?

4/19 at 9.30 am

thanks. i looked at the chart and i don't like it. it seems a flag to me on daily. the support at 158-159 has to hold or i will think of short it into er.

lol my 1312 target reached. raise to 1315.5
when is gs er?

back to my first question, it's the time frame matters
for intraday, i see a bounce too. maybe we will see 1312 area for es
for the wave structure or trend, i am bearish
i guess yr poll is for the next day. then i don't know. as a long time reader, i choose to listen to yr blah blah

one thing you should know is: absolutely not everyone here are in bear camp. A poll in my Chinese forum now says bull to bear ratio is 2:1。 what is the time frame and how reliable is yr poll? i am guessing after today's close, the bull/bear ratio will turn to 1:12 everywhere. http://bbs.cobrasmarke...

portugal asked for help. i will hold shorts over.

i think the previous symmetric triangle is still in play.

recently es and spx have totally different characteristic as es experienced a lot of events in after hour. i believe for longer term charting, es provides more complete info.