Cobra's Market View

I see Ascending Triangle here.

TheGift wrote:Cobra, your getting beat up today by some of your posters.... ......I still believe in you buddy. Your doing an excellent job with your blog!

Thanks. But nobody beat me today.

Lunch time, I'll eat pork today. So far my evil plan goes well, bulls should remember though: the 3rd push doesn't have to be a higher high. That said, I won't be a bear until I see strong push downward. Market is always right, why bother to speculate? That's how I actually trade.

Target $132 if breakout which is more likely.

I still see this as a consolidation pattern therefore is bullish.

I don't see evidences it's going down from here.

See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coincidences? Well, it's been happening for many many years. Dude!! That is tradable information! May I respectfully request this chart be published each Friday or something? Maybe start with a 3 yr histor...

alvian33 wrote:Cobra so after this last push p short is the name of the game?

I only short on bear strength. Expectation doesn't equal to trade position, only market is always right so I NEVER front run the market.

stocksage wrote:

Then you should be short now. Good luck gotta run.

Well, you got me again. I HAVE NO GUTS TO SHORT. Although I believe the trend is gradually shifting on the downside.

I see lots of bears here ;) By the way, why bearish comments are more common those days? Because if you long, you're mostly satisfied therefore find no need to read any market analysis or report. See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coinciden...

another most common comments are that mutual fund managers are mostly on the sideline so as soon as the QE ends, they'll jump in and lift the market. Well, here's chart showing how much they're on the sideline - the cash level is at a historically low.

This kind of consolidation is bullish.

I see lots of bears here ;) By the way, why bearish comments are more common those days? Because if you long, you're mostly satisfied therefore find no need to read any market analysis or report. See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coinciden...

Hi Cobra, Your two predictions for today were conflicting each other. Yesterday engulfing candle stick means up day today. Based on ISI equity only reading, down day today. Which one to follow? Thanks. I didn't say ISEE equities only index means a down day today. I just said that retailers are way ...

stocksage wrote:I see lots of bears here

My blog is always full of bearish comments but it doesn't represent all. I think you don't believe the chart I posted this morning, perhaps I shouldn't post the one below either.

AK84 wrote:Hi,

I think UEMPEL is the owner of this chart ?

http://stockcharts.com/h-sc/ui?s=$CPCE& ... =202131234

Could you please update it ...seems like a long signal was issued!

Thanks

It's not uempel's chart.

BullBear52x wrote:re-read your favorite tech's book, where is good risk reward to buy or sell and looki here.....

Hmm, looks bearish.

Refuse to believe something bad is happening? Housing falling, international strife, oil prices high. I think people see those things and it affects them and they see plenty of bad. Doesn't matter with regard to the market. Look at corporate profits, Stimulus, interest rates. Sure we may have some ...

Educaitonal Only, Short NFLX here. :lol: I like shorting NFLX...I may waite for a bit...Don't need to hurry when it goes dn we will have time to get in. The only reason to short NFLX is the stop loss is easy to set as it's very close to the previous high. Generally, I'd avoid shorting stocks this s...

So far my evil plan goes well. I hope we could see a higher high today.