Cobra's Market View

Cobra wrote:I bet now everybody sees this. bears are weak, cannot even make a lower low on the 3rd attempt. I'm very disappointed.

Ditto, Cobra, since I went short. Oh, well, keep losses small or take small profits. Not decided yet. The moving averages are still in bearish alignment on the 5 and 15min. Although the 5 min chart's averages are bunching up.

long 1190 again, stop even. bears look dead. /dx lost support at 77.5

Any news? Looks like da big boys got excited.

H&S Bottom target as well as C&H target. bears chances are becoming worse and worse.

OR high as resistance, volume surge, so hopefully bears could hold. I won't hope much though.

agnosia wrote:long 1190 again, stop even. bears look dead. /dx lost support at 77.5

Did you get off at 1199? I got off. Made some money but not much but at least like I said I know that the count works after it went past 1197.

Made 2 points profit unlike you 10 points.

It should pull back a little before pushing even higher.

agnosia wrote:long 1190 again, stop even. bears look dead. /dx lost support at 77.5

sold half 1194.5. i don't like these down sloping inverted h&shoulders. says the bulls are as weak as the bears. stop for the rest at even.

watching gap resistance...island reversal must hold

tdo722 wrote:
Did you get off at 1199? I got off. Made some money but not much but at least like I said I know that the count works after it went past 1197.

Made 2 points profit unlike you 10 points.

It should pull back a little before pushing even higher.

nice. i don't have much more faith in the bulls to be honest. i think we saw the highs for today. i sold the rest of my long and am short.

Unique wrote:

Unique wrote:AAPL three push..

http://i.imgur.com/qaBPy.gif

Ahh..AAPL treating me good...

die bulls die...

Money keeps pouring in....damn...GO BEARS! Too bad SPY ain't helping with the breakout..or else We would be under 400 bucks already...ZZZZZZZZZZZZZZZZZZ

PAGE JARBO
Trying 2 squeeze …red sticks say no……….cobra way ahead of all of us
Sloppy update, WE SWITCH TO SPY NOW, SPY
http://stockcharts.com/h-sc/ui?s=$NYADV ... listNum=15

First post here. Great site. Where can I find the meaning of the acronyms used here such as OR, L2, H2... etc?

Al_Dente wrote:

seekingknowledge wrote:

Russell Daily on 10-13.png

Russell 5-Min on 10-13.png

For newbies to swing trading. Today was the perfect set-up to go short on the Russell. I traded the TZA. ..................
Question for Al_Dente: What is a O?

Sorry, my bad, mistook u for someone else referencing Meg Ryan movie
Also: paging wave: “I need more cowbell” just silly reference to NBC SNL skit
Quit joking around Al, this is serious board here

NOT your bad! I am the one who referenced the Meg Ryan movie. The part where she says, "Yes, Yes".

Here is an easy minimum risk trade, short CELG at 66.60, cover at 67.21

Al_Dente wrote:

seekingknowledge wrote:

Russell Daily on 10-13.png

Russell 5-Min on 10-13.png

For newbies to swing trading. Today was the perfect set-up to go short on the Russell. I traded the TZA. ..................
Question for Al_Dente: What is a O?

Sorry, my bad, mistook u for someone else referencing Meg Ryan movie
Also: paging wave: “I need more cowbell” just silly reference to NBC SNL skit
Quit joking around Al, this is serious board here

Oh, haha, not laughing anymore because this is getting scary close to my stops. NYDECs sleeping on us. SPY, IWM back above VWAP. Moved the FAZ stop below the R1 pivot.

big2nd wrote:First post here. Great site. Where can I find the meaning of the acronyms used here such as OR, L2, H2... etc?

See "Getting Started" back at the beginning.

agnosia wrote:

tdo722 wrote:
Did you get off at 1199? I got off. Made some money but not much but at least like I said I know that the count works after it went past 1197.

Made 2 points profit unlike you 10 points.

It should pull back a little before pushing even higher.

nice. i don't have much more faith in the bulls to be honest. i think we saw the highs for today. i sold the rest of my long and am short.

C wave is extending further. I'm still waiting for a clear sign that it is done. As of now, very bullish pattern on 5min spx.

seekingknowledge wrote:

Cobra wrote:I bet now everybody sees this. bears are weak, cannot even make a lower low on the 3rd attempt. I'm very disappointed.

Ditto, Cobra, since I went short. Oh, well, keep losses small or take small profits. Not decided yet. The moving averages are still in bearish alignment on the 5 and 15min. Although the 5 min chart's averages are bunching up.

Sold my TZA already. Still made a profit, but very disappointed this was a head-fake. The moving averages still worked, but only for a quick trade.

Bull is strong, not good for short now. a new uptrend will be begin now.

ouch, nice trap bulls. time to switch sides again