Cobra's Market View

Hi Cobra, thanks for the forum. Not sure how popular this thread topic will be, but it is what I'm most focussed on, these days. Silver broke to new highs, so I thought I'd post a chart. Silver_Channel.png Thanks. The forum is in early stage but I'm sure it'll be popular. Thanks for posting here. :D

Dow Trader wrote:AAPL down today ? !!!

Oh, yeah.

OK, so much for today. I think if it's not because of the market closing bell, here's a chance worth for bear to bet... The best trade today is when a little ascending triangle formed along the 30 min open range high and then breakout. After that, bears pretty much had no chances today. I'll see you...

rcks wrote:Cobra
You are doing great job with the intraday thread, its great fun.
Love all the charts you put up.

Thanks. I'm no day trader anymore, so just for fun, don't take my watering seriously...

Could be a good short setup here if not because the market is about to close.

Yes, so far so good for my little evil plan of selling into the strength. See falls here, that's me

Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again. :twisted: Hahah cobra, is this based on your tomorrow's weak seasonality before pres day? The true reason is I really don't want to bet against Uempel. He seems pretty ...

Cobra, What is the preferred image pixel size for upload, as it isn't stated in the upload info? Would make the charts to display better. I just used 1200x800 but it doesn't look good. any chart wider than 640, the web willl create a thumbnail, you click the thumbnail, you'll see the full image, so...

Yes, the trend is your friend... A failed double reversal should send bears running for cover...

Critical time, those double reversal bar bar scared?

jwishbone wrote:Haha, Cobra is fat today!!!!

Actually, I implied the trade today (yesterday, by the way, I did the same thing, the 30 min OR breakout, remember?) http://www.cobrasmarketview.com/viewtop ... rt=20#p360

Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again.

If you read the chart this way, it's actually not that bearish, a B&B (base and breakout) trader may think this is a nice breakout setup...

OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day. why?Three leg up right? 3 push up, first pullback (could be failed one) now could be back test the previous high. Anything like this, there's a chance for reversal, I'm fat for today, don't want to ...

I'm tightening my stop loss. Don't wanna bet against uempel...

OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.

Little support here, no idea what's the next...

2 bar reversal again, let's see if any real follow-through.

uempel wrote:I added shorts at 1340, the top of my short term Andrew's Fork:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Go uemple, go, frankly, you made me nervous, I dare not ALWAYS bet against you!

See, told you. Now we should abort our little evil plan earlier as this is way too much 3rd push up.