Cobra's Market View

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 ...

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 ...

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 ...

Some guys have never been to a mosque in an arab country (much nicer buildings than our churches), don't know nothing about religion (believe what catholic, protestant, jewish or islamic militants say is the real thing) and consider themselves smart when they post dumb remarks here... Some people r...

Cobra, Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill. A. Gap almost closed. Trailing stop on SPY MayWk1 calls at 140.55. GLTA. A PS - Nice to see you back Cougar. Dang, Stopped out even on my options day trade. Long SDS, short RIMM. Ciao.

Anaconda wrote:Cobra,

Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill.

A.

Gap almost closed. Trailing stop on SPY MayWk1 calls at 140.55.
GLTA.
A

PS - Nice to see you back Cougar.

Cobra,

Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill.

A.

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%. Great contrarian play against dumb money, as usual. :lol: I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the market...

Good Morning http://www.99ercharts.com/2012/01/26/lets-go-skiing/ Couldn't resist. TGIF and GLTA. LOL! Priceless. Just signed in to thank you for your past - and certainly this - value-added posts. A quantum leap over the obsequious, youtube-swapping blather which has begun to permeate this board. ...

99er wrote:So honey...what are you planning for dinner?

NQ http://99ercharts.blogspot.com/2012/01/nq_7355.html

How about some gap fill.

Or perhaps a double helping of (size 13 boot) "sole"?

For what it's worth, I had a p-bar down to 126.5 on my 1 minute chart earlier today. I think we close the gap today or tomorrow. Sentiment is waaaaaay too positive. Especially given economic realities. Protect yourselves, friends. And Happy New Year to all.
A.

Update DWCF Weekly http://99ercharts.blogspot.com/2011/12/dwcf_30.html That's it for the year. Thanks, folks, for your interest. Happy New Year! And Occupy the Rose Parade. Happy New Year, 99er. See you next week. A. Happy New Year guys! Same to you and yours, Cougar. Health, happiness and prosperi...

99er wrote:Update

DWCF Weekly http://99ercharts.blogspot.com/2011/12/dwcf_30.html

That's it for the year. Thanks, folks, for your interest.

Happy New Year!

And Occupy the Rose Parade.

Happy New Year, 99er. See you next week.
A.

cougar wrote:Anybody here long metals today?

Cougar:
Yes. Silver. ZSL Puts. Nice little double for me to end the year with.

Once again, the trend line since July's high, has proven to be a point of resistance, below the 61.8% fib retracement area. Long SDS weekly calls here.
GL,
A

Haha I love how zerohedge was making such a "superb" post on gold bouncing off the 200DMA and saying its a great entry.... while on the log charts we broke support a long time ago. Bias kills people. You wouldn't believe the amount of crap zerohedge puts out and the amount of morons that ...

Food for Thought Assuming $30T of loans is spread over three years, EU banks have a requirement for $800B / Month of rollover financing for wholesale lending outstanding. Where is this money going to come from? No one is waiting around to find out as there will be cascading counterparty failures so...

Cobra: Thoughts on a target? I already see 2 legs down. Consolidating now. More down, probably. But, to where? Thanks in advance.
A.

FYI, for those watching, we are now back below the longer-term July-Dec. trendline which was broken last week (on fumes and pixie dust).
GLTA,
A.

Ouch...Motherf**king Donner and Blitzen! (Santa's reindeer are having their way with me, today. )

All I can say is, thank God for those SDS Jan 18 puts I bought at the beginning of the month to take some of the edge off... in case...