Cobra's Market View

MrMiyagi wrote:Cobra, if I short SPY, will I get rich tomorrow?

how many shares to you want to short? and please define what rich means to you.

q2model wrote:

Cobra wrote:ascending triangle, bias is up.

if it is going to be a doji close (close around here), should we worry? Last few times, doji on the up trend indicated a very short term top

I'd read doji as ugly but in reality, doji has only 50% chances leading to a reversal.

Cobra wrote:

MrMiyagi wrote:Cobra, if I short SPY, will I get rich tomorrow?

how many shares to you want to short? and please define what rich means to you.

Such good question! Over the weekend, someone told me that if she did not sell the Facebook stocks, she would be so rich. I asked how many shares she sold, she told me 100 shares.

Cobra wrote:how many shares to you want to short? and please define what rich means to you.

I want to adopt a puppy

well, guess that's it for today. Tuesday tomorrow has been a little bit bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Cobra wrote:

q2model wrote:

Cobra wrote:ascending triangle, bias is up.

if it is going to be a doji close (close around here), should we worry? Last few times, doji on the up trend indicated a very short term top

I'd read doji as ugly but in reality, doji has only 50% chances leading to a reversal.

add island top?... black doji's NDX /COMPQ/RUT?

MrMiyagi wrote:

Cobra wrote:how many shares to you want to short? and please define what rich means to you.

I want to adopt a puppy

the chances of adopting a puppy is not high. Usually those in shelter are mostly adult dogs, majorities are cats. seems dogs are less abandoned, mostly I guess is cats tend to run away on their own, not necessarily abandoned.

fehro wrote:

Cobra wrote:

q2model wrote:

Cobra wrote:ascending triangle, bias is up.

if it is going to be a doji close (close around here), should we worry? Last few times, doji on the up trend indicated a very short term top

I'd read doji as ugly but in reality, doji has only 50% chances leading to a reversal.

add island top?... black doji's NDX /COMPQ/RUT?

Candlestick pattern mostly don't work. We need more evidences to call a bear.

Cobra wrote:

fehro wrote:

Cobra wrote:

q2model wrote:

Cobra wrote:ascending triangle, bias is up.

if it is going to be a doji close (close around here), should we worry? Last few times, doji on the up trend indicated a very short term top

I'd read doji as ugly but in reality, doji has only 50% chances leading to a reversal.

add island top?... black doji's NDX /COMPQ/RUT?

Candlestick pattern mostly don't work. We need more evidences to call a bear.

+ VIX closes green?

fehro wrote:

Cobra wrote:

fehro wrote:

Cobra wrote:

q2model wrote:

if it is going to be a doji close (close around here), should we worry? Last few times, doji on the up trend indicated a very short term top

I'd read doji as ugly but in reality, doji has only 50% chances leading to a reversal.

add island top?... black doji's NDX /COMPQ/RUT?

Candlestick pattern mostly don't work. We need more evidences to call a bear.

+ VIX closes green?

still 50% chances.

Cobra wrote:the chances of adopting a puppy is not high. Usually those in shelter are mostly adult dogs, majorities are cats. seems dogs are less abandoned, mostly I guess is cats tend to run away on their own, not necessarily abandoned.

I can transpose that to the market... OK, so no downside in sight...

I was going to buy some puts, ran out of time so you know what that means....



!!!!!! GAP DOWN TUESDAY !!!!!!

First time in the history of ISEE that the 5 day avg of equity calls/puts was over 2:1 while the 10, 20 and 50 day avgs were buried under 1.7:1. Interesting times.

Varaha wrote:

MrMiyagi wrote:"WE'RE NEVER GOING DOWN AGAIN!!"

That does it. I call "TOP".

Shorting the market with a stop a tiny bit above HOD so far.

http://www.calendar-365.com/moon/moon-calendar.html

Hate to GLOAT but ....

cletus wrote:First time in the history of ISEE that the 5 day avg of equity calls/puts was over 2:1 while the 10, 20 and 50 day avgs were buried under 1.7:1. Interesting times.

Good catch
Since leading Equity options are overvalued, that is a Sell signal