Cobra's Market View

What is the latest "P-bar" update? Anyone?? :geek: :geek: :geek: :D I've gotten a bunch down in the SPY 132 area, today (and several yesterday afternoon). But, we still haven't filled an old one of mine that goes up in the 139 range on the SPY (which is also an unclosed gap from many week...

For what it's worth, I've had 2 p-bars down to 132.50 on the SPY in the last 9 minutes.
A.

Merkel/Hollande press conference moments ago, "We are ready to do anything to protect the Euro region". Do you have a link? I am leery of all the hot air and lies coming from European "news" sources and their government sponsor/paymasters. The news reported that she has been on ...

Merkel/Hollande press conference moments ago, "We are ready to do anything to protect the Euro region". Do you have a link? I am leery of all the hot air and lies coming from European "news" sources and their government sponsor/paymasters. The news reported that she has been on ...

TraderGirl wrote:Possible count??

Looks like we share same count, TG. (I've followed your comments and charting, with admiration; keep up the value-added, please.)
Thanks,
A

MrMiyagi wrote:

Anaconda wrote:FYI, I don't post my p-bars much anymore, since I can't attach my charts from where I am, but I had several p-bars yesterday (on the SPY) confirm your higher target - at around 134.8.
GL,
A.

I had a few showing from 134.88$ to 135.20$.

I defer to you, sensei, for precision.

not a valid breakout but no harm to know the target. by the way, why I draw target in advance? because if wait until confirmed then draw the target it'd be too later, people might even consider I'm cheating (no one complains about this, it's just my imagination). I actually care nothing about right...

Cobra wrote:bulls, please keep on what you're doing as I'm out for about an hour then perhaps lunch, hopefully when I come back, the market up a lot again.

Bearish rising wedge? (Can't post from where I am.) Also, look at divergence vs. RSI.

Short. Opened 1/3 position this morning on the initial spike. I had one sell signal confirm yesterday and one not confirm. I'll add another 1/3 at higher prices probably next week as OPEX approaches. I don't like shorting into the maw of an anticipated rebound, but I want respect my signals. If the...

Colleagues: Not gloating, just sharing my luck (because that's what it mostly was)...but guess who bought 20 SPY JulWk2 $134 Calls yesterday, at $0.45? Just closed 15 of 'em at $1.18. Nice way to end an extremely f'd up week of trading.
GL,
A

SWalsh wrote:Does this activity seem like we've seen it before?....maybe 7 days ago?

Nice fractal. Good catch. I will cover my SPY call options into the close anyway, but may open a position in SDS calls for August.

Good weekend,

A.

P-bar to Hades?

A comment on bots.... Programmers are people. People program "bots." Bots exacerbate the trading behavior of...traders. The bots are just more 'disciplined' about what they do, since the programmers' emotions are hardwired. Consequently, we get even faster selling / buying when trigger po...

A comment on bots.... Programmers are people. People program "bots." Bots exacerbate the trading behavior of...traders. The bots are just more 'disciplined' about what they do, since the programmers' emotions are hardwired. Consequently, we get even faster selling / buying when trigger poi...

Cobra wrote:false breakout, doesn't count, wait. 16 min to go.

Might get very interesting now that the gap (referenced in my earlier post, at SPY $133.43) is closed. That's our high of the day...so far, anyway.
With so many divergences, we could still see overthrow here...

GL.
A

Cobra wrote:hopefully small double bottom here.

We still have a gap to fill, to 6/24 close, at SPY 133.42. This sits at 50% fib retrace. Then continuation of downward trend?
(I would post a chart, but can't from where I am. Sorry.)
GL,
A

We still have a gap to close between SPY 135 and 135.50. I think we finish up around there, today.
A.

Richarab wrote:ok time to short
filled on my ES target
thanks

I am right there with you, my hummus-eating, goat's milk-drinking, sheep-throat-cutting friend.

Signed,

Anaconda (aka. "The Racist", "The Insensitive One", "The Culturally Unfamiliar Sort.")

Petsamo wrote:bears making their move

Nah.. That line of resistance is now the line of support; just a back test before we go up more.

wedge instead of ascending triangle, so I'm neutral now. but this small up leg should be 2 legged I think, so got to try the high again at least. Which would create a small c&h...which would lead to exactly what the majority of traders DON'T expect today: a close on the high side... Let's face ...