Cobra's Market View

Clearly there are far braver souls than I out there!

I'm not sure that any long would want to hold over a three day weekend, I guess the VIX will drop even more (not a student of the VIX so I may stand corrected), potentially three very weak up days which doesn't normally jive with the 4th (Tuesday) being a big up day. I suspect we may close marginall...

BullBear52x wrote:

cletus wrote:Come next week I guarantee you everyone who is short or in cash will have wished they took the opportunity to get long this week on this selling.

That is a very strong statement.

I'm with Cletus on that but not necessarily regarding the strength of the move.

Tough one to call this - many possibilities but here's what I consider the strongest: Got the Vix spike I was looking for yesterday, unfortunately, that means that the short-term bottom was either yesterday or will be today. Looking for a close of between 12,433-12,468 today on DJ. Wednesday would a...

guys, just a question, I haven't decided yet, if I switch this board to vBulletin (I have to buy the software), which means you guys have to request to join into a certain user group in order to do the post. Would you mind? This step, I think is necessary for the long term otherwise we'll have to f...

I am still holding my shorts.Should have sold yesterday and buy back today. Thats hindsite.If we all new this we would all be rich and no more fun.Yes I am thinking of adding to my shorts also.I would not be supprised if we went back to 1319 low of yesterday. I agree. I'm not really into top callin...

BB52, This type of voltility "cash is king". $190 is not bad for 10-20 mins work. On other hand, I wonder how many blood vessels I ruptured on my heart muscle. I burned in Faz back in 2009, no more mistakes with Dirxion ETFS. I like to see what Cobra writes in opening, " no instituti...

GM, I went through a lot of charts last night I think the market is in trouble, many signs of weakness in many good companies not as strong. I was surprised. Copy that BB52. I fear for what next week may bring unless we relieve a little of this upward momentum. I had this week down as a nailed on s...

99er wrote:RUT
Another look at that count...
http://99ercharts.blogspot.com/2011/05/rut_2243.html

I sure hope you've got that count right. If bears have a chance, the market needs to go down now. And I mean down, not just wait for the Bollies to catch up.

kamukak wrote:but if you see cisco daily charts it looks like it has bottomed, If they are bad then I am truly shafted, gone long on dow around 12680, losing 900 pounds so far

Are you spreadbetting?

market will go to yesturday's open (it is a must target) almost the lowest daily volume this year = go to the open soon I am short and that is my target Almost exactly the same play book as me. Not necessarily to yesterday's open but I called a red close hours before the open today. Even better for...

Gone short too on DJI

I'm not buying this move yet! Be careful.

MajorEasy wrote:while i'm not able to predict anything ....
i have seen ES moves of only 4 points for the whole day
after a huge gap up as we've had this morning...

Consolidation?

Kind of like catching a falling knife to buy SLV, but the knife has already fell pretty far. Thoughts on buying SLV here...problem this is really the first day the $DXY has really moved and if it moves higher SLV will likely get hurt more. Just looking for a bounce...the real buy would be after a d...

Out of Bounds: "For a moment, I thought you were discussing the wedding." Good one. They do make a handsome couple and we should wish them the best of luck. Is the UK having a two-day holiday because of the wedding? If so, that would really be batty. Today (Friday) is a public holiday. Mo...

[quote="JustTrading"]is it true that the ftse will be closed this next tuesday? is there a website that shows when the various international markets will be closed for trading. thanks for your help.[/quote

FTSE closed now until Tuesday.

Apologies, I only trade DJ so all info relates to that.

Morning all. Finally created a log-in after being a silent admirer of the board you have here. So, well done to Cobra et al for a quality, educational and well behaved board. I don't/can't post charts but may be I'll have to learn that some day. Anyway, here's my take: Monthly candle for March engul...