Cobra's Market View

This is what makes me see the potential for another move up....????

Check out TMF....the price action today tells me that either we are done with an ABC down or we still have a "c" wave down yet to come...??

Don't know how much this small move will affect the market....???

MrMiyagi wrote:!!!!!!!!!!SPX 1500!!!!!!!!!!

Wasn't that an old Fiat?

KeiZai wrote:"Merkel saying that using the bailout fund to buy bonds is a possibility is boosting equities and weighing on risk-free bonds"

NOT FROM MY MONEY MR.MERKEL!!! BITCH!

yeah.

http://www.zerohedge.com/news/and-now-w ... to+zero%29

its a lie.

This rally will fade today, i belive in NYMO Power !

EvilTrader wrote: This rally will fade today, i belive in NYMO Power !

I'm with you on the NYMO, it will either drop for a fast rebound or for a longer plunge.

Paging Cougar, are you go at it again on IWM? I am taking evil side on TNA let see from here, CCI on most of anything I look at said risk is on the long side for now.

TraderGirl, here is my XLF

The market red, the angst is deep...
Bernank has promises to keep
And print the billions while we sleep!

KeiZai wrote:"Merkel saying that using the bailout fund to buy bonds is a possibility is boosting equities and weighing on risk-free bonds"

NOT FROM MY MONEY MRS.MERKEL!!! BITCH!

Please allow me to present you with what some have said is America's 2nd National Anthem:

http://www.youtube.com/watch?v=ExH7h9Lk5HY

BullBear52x wrote:TraderGirl, here is my XLF

Nice! Thanks BB!

The road to the infinity is getting slippery, don't fight the fed you hear?

not good looking reversal of reversal of reversal here but I'll allow bulls a little more time before change my bias.

Who's watching Ben Live?

It would be so much more entertaining if the audience could throw rotten veggies and fruit.......

Mr. T wrote:Who's watching Ben Live?

It would be so much more entertaining if the audience could throw rotten veggies and fruit.......

or shoes!

NYMO proxy has rarely been higher in the last year
see 6 red arrows on purple nymo proxy
all were followed by a spy drop
but in keeping with Cobra's lead ….we’ll see if it wants to get even more extreme (?)

Thanks evil for link!...I like this funny post from discussion


Ben on phone: Hello Angie?
Angela: Ja.

Ben: This is Ben.
Angela: Oh, hi Benny.

Ben: Hi Angie. As you know I'm going to release my new scheme...errr, I mean, plan, to stimulate the economy this afternoon.
Angela: Ja.

Ben: And as you also know I can't do jack squat to really stimulate the economy...
Angela: Ja.

Ben: ...so naturally I'm going to have to talk up some mumbo jumbo about continuing Operation Twist...
Angela; Ja.

Ben: ...so when it first hits the wires the stock markets and the Euro will drop...
Angela: ...ja.

Ben: ...so I'm going to need you and Humpty to...
Angela: Who's Humpty?

Ben: Humpty van Rompuy.
Angela: Ja, ja, of course.

Ben: Right. Anyway, I'm going to need you and Humpty to wait until the Dow goes about 80 or 90 points in the red and then release a statement that things in Europe are improving or some...
Angela: Ja

Ben: ...or something like that, maybe throw in some crap about funding bond purchases or whatever and I'll coordinate that with my boys over at the PPT so we can fill in the gap and blow out the shorts and finish green, we'll have our people in the media reporting what a great plan it is and how the economy is improving because look at the stock market blah blah blah.
Angela: Ja, got it.

Ben: Great, talk to you soon, bye Angie.
Angela: Ja, bye Benny.

knock wrote:

Mr. T wrote:Who's watching Ben Live?

It would be so much more entertaining if the audience could throw rotten veggies and fruit.......

or shoes!

You are soooo right!!!!

ben
http://www.ustream.tv/federalreserve

the market is surprisingly weak. not sure what's going on. there may be biger movement after ben's conf

My intraday action on SPY, if bear can not break down below 135 again, the shorts positions will be exited and wait for another day, the long position already gone this morning, so, no new high no new buy on the long side.

KeiZai wrote:Thanks evil for link!...I like this funny post from discussion


Ben on phone: Hello Angie?
Angela: Ja.

Ben: This is Ben.
Angela: Oh, hi Benny.

Ben: Hi Angie. As you know I'm going to release my new scheme...errr, I mean, plan, to stimulate the economy this afternoon.
Angela: Ja.

Ben: And as you also know I can't do jack squat to really stimulate the economy...
Angela: Ja.

Ben: ...so naturally I'm going to have to talk up some mumbo jumbo about continuing Operation Twist...
Angela; Ja.

Ben: ...so when it first hits the wires the stock markets and the Euro will drop...
Angela: ...ja.

Ben: ...so I'm going to need you and Humpty to...
Angela: Who's Humpty?

Ben: Humpty van Rompuy.
Angela: Ja, ja, of course.

Ben: Right. Anyway, I'm going to need you and Humpty to wait until the Dow goes about 80 or 90 points in the red and then release a statement that things in Europe are improving or some...
Angela: Ja

Ben: ...or something like that, maybe throw in some crap about funding bond purchases or whatever and I'll coordinate that with my boys over at the PPT so we can fill in the gap and blow out the shorts and finish green, we'll have our people in the media reporting what a great plan it is and how the economy is improving because look at the stock market blah blah blah.
Angela: Ja, got it.

Ben: Great, talk to you soon, bye Angie.
Angela: Ja, bye Benny.