Cobra's Market View

Al_Dente wrote:PAGING KING COBRA
could u please post link to poll again before the close
right now it looks like toooooo many bulls

come on, not many bulls: viewtopic.php?f=9&t=503

nothing to say. usually Friday close strong and up a lot in AH.

dumamay wrote:

jarbo456 wrote:sorry guys, i have the winner ticket. i already sacrificed my pets to the gods so that i may win.

i promise to give some to cobra so he can improve this site to the max.

Was it a BLOOD sacrifice???????

of course...bled those animals...fired danced, and drank the coagulated protein shake! lol

Cobra wrote:nothing to say. usually Friday close strong and up a lot in AH.

Do u have some trick on how to win the $640M lotto?

Richarab wrote:

nicha wrote:What would you guys do if you win tonight's mega million?

sign up for some chinese classes ... i couldn't understand a word she said...

if i don't show up monday, that means i retired. find me in bora bora counting money. 640m - tax - share cuts - chinese classes from rosetta stone for richarab and swalsh - ...
:d

bought some copper moly this afternoon on the TSX. not much reason. just the miners have been down last couple weeks.

seems copper chart has no where to go. cant fall below 3.78 (200 day) on the daily. cant rise above 3.84 (50 week) on weekly. both the daily and weekly charts seem like bull flags but not sure if its correct to read that on other than short term interval.

Al_Dente wrote:TRULY A RARITY
TBT is right at the top of my (very narrow) percent gainers list

Natalie Imbruglia http://www.youtube.com/watch?v=VV1XWJN3 ... re=related

On inverse etf TMF, I've got one more potential wave down to support at (B), then possibly up from there to (C)...IMHO...

soku wrote:

Richarab wrote:

nicha wrote:What would you guys do if you win tonight's mega million?

sign up for some chinese classes ... i couldn't understand a word she said...

if i don't show up monday, that means i retired. find me in bora bora counting money. 640m - tax - share cuts - chinese classes from rosetta stone for richarab and swalsh - ...
:d

Screw rosetta stone, I want a house!!

who is watching cnbc? did they just say somebody bot large amt of gold options. but i didn't catch call or put

soku wrote:who is watching cnbc? did they just say somebody bot large amt of gold options. but i didn't catch call or put

I am watching CNBC. I didn't hear the gold piece.

q2model wrote:

Cobra wrote:nothing to say. usually Friday close strong and up a lot in AH.

Do u have some trick on how to win the $640M lotto?

Buy all the tickets?

Cobra wrote:

q2model wrote:

Cobra wrote:nothing to say. usually Friday close strong and up a lot in AH.

Do u have some trick on how to win the $640M lotto?

Buy all the tickets?

No, it would not work -- they have sold 602M tickets, the payout is $640M, which present value is around $450M before tax.

q2model wrote:

Cobra wrote:

q2model wrote:

Cobra wrote:nothing to say. usually Friday close strong and up a lot in AH.

Do u have some trick on how to win the $640M lotto?

Buy all the tickets?

No, it would not work -- they have sold 602M tickets, the payout is $640M, which present value is around $450M before tax.

I was kidding.

nicha wrote:

soku wrote:

gvg wrote:

nicha wrote:Cobra - regarding AAPL, I am learning charting so have no idea what happens next. I see your chart on normal reversals but I am holding short April $625 calls and am a little worried. Any suggestions?

I guess you are experienced trader, as shorting the calls is very risky, i would rather buy puts and pay the premium. with puts at least there is a max cap on how much i would lose

w/o leverage, short 1 625c will cost a lock down of 60k margin. you need to have deep pocket to do that. risk/reward-wise, i feel like u r using an elephant doing flyfishing. maybe u can get some catfish from time to time, but if u lose once, yr elephant is gone.

My account is showing $100k for 10 contracts. Got a little carried away this time. I usually short no more than 1-2. I am getting a little worried about holding it over the weekend especially since the past few Monday's there has been some kind of bailout or the other. End of day I am getting out. Would like to sleep better over the weekend

Ending with a short strangle on AAPL for April: $575 puts and $625 calls. Thanks to Cobra and all for your help.

nicha wrote:

soku wrote:who is watching cnbc? did they just say somebody bot large amt of gold options. but i didn't catch call or put

I am watching CNBC. I didn't hear the gold piece.

they said that about 10 min ago. it is june contract, but i cannot find it on either gld or gc

also cftc just reported this week eur short position increase 8% over last week. net USD long position increase 70%!!!
so people are betting something going on over the weekend?

a little break in DJI, next support on spx around 1407...

Petsamo wrote:Did you guys pick up your lottery ticket today. Jackpot is $640 million. You have a better chance of getting killed by a lightning strike, assuming you have two lives. 176 million:1 <- odds of winning.

I do my gambling on the stock market where the playing field is (more) even.

hmm....

TraderGirl wrote:

Al_Dente wrote:TRULY A RARITY
TBT is right at the top of my (very narrow) percent gainers list
Natalie Imbruglia http://www.youtube.com/watch?v=VV1XWJN3 ... re=related

On inverse etf TMF, I've got one more potential wave down to support at (B), then possibly up from there to (C)...IMHO...

Thanks TG
What is your “TrueStrengthIndicator” and what would it be equivalent to on stockcharts.com ?

soku wrote:

nicha wrote:

soku wrote:who is watching cnbc? did they just say somebody bot large amt of gold options. but i didn't catch call or put

I am watching CNBC. I didn't hear the gold piece.

they said that about 10 min ago. it is june contract, but i cannot find it on either gld or gc

also cftc just reported this week eur short position increase 8% over last week. net USD long position increase 70%!!!
so people are betting something going on over the weekend?

Sounds like a market fall.

well, not a good looking close. target's here.