Cobra's Market View

So.. why are gold/silver down as well, are they not "safe havens" from crappy economies?
Or is it because the US$ is going up.

Cobra wrote:still no confirm of rebound, but still volume surge. let's wait. and this is why a H1 is important, as it's the very first sign of rebound, without that then no trade at all, so you have lost nothing even the expectation is wrong. again market report and trading signals are totally different things.

Don't mean to be totally ignorant here but I've seen you mention H1, H2, L1, L2 and etc before. What does it mean? Thanks!

Yes, I did looked at it but that long position was inititiated on 10/14. I guess I have to wait for your next signal and confirm with my chart macd/rsi. What's your take? I'd trust you more than any of my maps. haha..

MrMiyagi wrote:So.. why are gold/silver down as well, are they not "safe havens" from crappy economies?
Or is it because the US$ is going up.

Strong DOLLAR.

If Greece Gov't falls, LOOK OUT BELOW!!
They're holding emergency meeting now...
Sarkozy and Merkel are shaking in their boots.

Petsamo wrote:

jarbo456 wrote:and i'm starting to wonder if this market is broken enough to fill a 3% gap down morning.

Maybe we're gonna give the DAX a hammer. Currently, it has a large tail.

Underestimate the Germans at your own peril...

I would not be that pessimistic right now...

most of you guys probably know, but anyone new should know that we have an extra hour of euro trading overlap. i don't know about you guys, but my eyes are all over the euro market at this point.

cov_lite wrote:

Cobra wrote:still no confirm of rebound, but still volume surge. let's wait. and this is why a H1 is important, as it's the very first sign of rebound, without that then no trade at all, so you have lost nothing even the expectation is wrong. again market report and trading signals are totally different things.

Don't mean to be totally ignorant here but I've seen you mention H1, H2, L1, L2 and etc before. What does it mean? Thanks!

Go to "Getting Started" of this board (not the main site), you'll find everything there.

First post, just wanted to thank Cobra for putting this all together. Excellent resource!

We made a pretty rapid bounce from 1208, failed to take 1230, so I think we'll be making a new LOD this afternoon. I'm holding puts from yesterday, SPY NOV 114/113. I wish my position size was larger but c'est la vie.

MrMiyagi wrote:So.. why are gold/silver down as well, are they not "safe havens" from crappy economies?
Or is it because the US$ is going up.

It should in bear market, the $USD got lots to do with it for sure.

maoof wrote:First post, just wanted to thank Cobra for putting this all together. Excellent resource!

We made a pretty rapid bounce from 1208, failed to take 1230, so I think we'll be making a new LOD this afternoon. I'm holding puts from yesterday, SPY NOV 114/113. I wish my position size was larger but c'est la vie.

thanks and welcome aboard!

Anyone watch Mad Money? That dude is CRAZY!

1211 is 38.2% retrace from 1075-1292.

me busy today. from my wave count, i see 1185ish as my wave 3 target for now. my wave 1 is at this yr's low, w2 is 10/27.
if it fully plays out, the damage will be way bigger. if you remember, my number is lower than cobra's 1000.

i said 100 times i am not going to cover aapl anymore. but...
kena, i will not touch aapl. this morning lots of news hit the wire people complaining about echo of ip4s. check the chart of aapl when ip4 signal problem was discovered.
just check the girl and leave alone the stock.
http://good-wallpapers.com/pictures/185 ... 20Girl.jpg

oops that girl is too big. sry for the mess

Anyone else here Twitter (*cough COBRA cough*)? Does your screen also say "1 hour ago" for a tweet that you just made or received?

testing the morning low, key time.

will we reach 1210

New lows on SPX and Dow but Euro is still in bounce mode and bonds have not made new highs. Favours a bounce this afternoon.

soku wrote:me busy today. from my wave count, i see 1185ish as my wave 3 target for now. my wave 1 is at this yr's low, w2 is 10/27.
if it fully plays out, the damage will be way bigger. if you remember, my number is lower than cobra's 1000.

i said 100 times i am not going to cover aapl anymore. but...
kena, i will not touch aapl. this morning lots of news hit the wire people complaining about echo of ip4s. check the chart of aapl when ip4 signal problem was discovered.
just check the girl and leave alone the stock.
http://good-wallpapers.com/pictures/185 ... 20Girl.jpg

oops that girl is too big. sry for the mess

I see where apple store is, damn don't do this man, lose my concentration here

Got a new SPY support = 121.10