Cobra's Market View

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)? first of all route A is for intermediate-term. higher high is for tomorrow, guaranteed. short-term, normally we'll see pullback. just normally. there's always exception. Why...

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)? first of all route A is for intermediate-term. higher high is for tomorrow, guaranteed. short-term, normally we'll see pullback. just normally. there's always exception. Why...

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

Cobra, is today consider a decisive break out on SPY if it closes above 123.5 and not decisively break out if it closes below 123.5?

<guys, I clearly said before the price surge: the 1st up leg since the Oct 4 wasn't over yet, right? That made my day!>
Is the first leg up over now with today push?

Cobra, do you think the correction that started yesterday is over or there may be more downside this week?

Cobra, where do you think QQQ resistance is? Does it look like it's going to galaxy far away?

Cobra, if today closes in green then we can say the Oct 4 bottom is in per 7 day rule? If today closes in red then we may see pull back tomorrow?

Cobra, do you still think the market will start the pull back tomorrow like what you said in the daily report or with today gap up it'll go to galaxy far away?

Cobra, based on the market action, do you think it's going route A or B from your daily market report? Where do you see the target for these routes on SPY?

Cobra wrote:bulls have one hour left. again, i don't mean it will drop immediately, in fact I'll buy the next dip.

Cobra, what do you mean by bulls have one hour left, does the C push up about to complete?

breakout indeed. should be more on the upside, there's no limit... :mrgreen: There must have a limit. Cobra should say the sky is the limit. :lol: :D Sky is the limit then there's still a limit. Cobra, Does this change your outlook on the big picture? Just a little bit ago a read that this push up ...

still think the breakout will be on the downside eventually. There're some chances that market may oscillate in the current range before breakdown, in the case then the next down leg would be huge. I don't think so. As long as the market can hold the Friday low, it has a chance to break to the up s...

Cobra wrote:

oldpigwang wrote:Cobra : do you think this rally is just a bounce? or a trend reversal?

bounce mostly.

Cobra, you said in last night report that red day today is good for bulls because it's more likely a trend reversal. Do you still think that might be the case?

Cobra, What is the exact target of the H&S pattern on SPY, you mentioned yearlier Nov 2010 low which is around 117.5 but it seems like the target is lower? see tinted area. I know I cannot simply use tinted area to do the measure on log chart, but should be close enough. H&S Top has only 55...

Cobra, What is the exact target of the H&S pattern on SPY, you mentioned yearlier Nov 2010 low which is around 117.5 but it seems like the target is lower?

Cobra wrote:hopefully that's it for today.

Cobra, do you still think that we could reach a tradeable bottom today or soon?

Cobra, do you have any stats or idea of how long it'll take for the H&S pattern to reach the target?

Cobra wrote:the bottom line, either make that number above 35 or another green hammer today, then bulls still have hopes. may the force be with bulls!

Cobra, what is the statistics for the NYUPV:NYDNV above 35?

Cobra, SPY has pulled back to the 6/22 high as you predicted so do you think the low is in for the short term and intermediate term?[/quote] selling not over yet. Lunch time, will be BACC. :evil:[/quote] Can you explain a little more why selling isn't over yet? I thought you had a target for this se...