Cobra's Market View

Cobra wrote:

wayne0708 wrote:

Cobra wrote:so far goes as planned, this is the 2nd leg down already.

What is your target, Cobra?

I've posted this already: I HAVE A DREAM

Sweet!!!
Lets hope dream becomes reality

Tek33 wrote:

TraderGirl wrote:

Tek33 wrote:I thought I had a good grasp on TVIX, but I don't understand how it can fall 25% today though. Took it on the chin, but well before the waterfall. Could have been really bad.

Were you notified in any way that the fund would be closed to new shares and that CS would not be supporting the price??

I haven't received anything directly from CS, but I knew it was closed. It's my own fault. I just didn't think the price would erode this sharp on a day like today. Like I said, it could have been a lot worse.

How did you find out is was closed? Through this blog, or a notification from your broker??

VXX attempting a double top
Nydec now at >2300, and other internals (including AAPL) say that more bear is likely
It is 3:19 and no short-covering yet……….yet

AAPL: We should see at least 2 down legs with 1x1 target = 589

Nice dome today..They do work.

TraderGirl wrote:

Tek33 wrote:

TraderGirl wrote:

Tek33 wrote:I thought I had a good grasp on TVIX, but I don't understand how it can fall 25% today though. Took it on the chin, but well before the waterfall. Could have been really bad.

Were you notified in any way that the fund would be closed to new shares and that CS would not be supporting the price??

I haven't received anything directly from CS, but I knew it was closed. It's my own fault. I just didn't think the price would erode this sharp on a day like today. Like I said, it could have been a lot worse.

How did you find out is was closed? Through this blog, or a notification from your broker??

From reading about it online.

TraderGirl wrote:

Tek33 wrote:

TraderGirl wrote:

Tek33 wrote:I thought I had a good grasp on TVIX, but I don't understand how it can fall 25% today though. Took it on the chin, but well before the waterfall. Could have been really bad.

Were you notified in any way that the fund would be closed to new shares and that CS would not be supporting the price??

I haven't received anything directly from CS, but I knew it was closed. It's my own fault. I just didn't think the price would erode this sharp on a day like today. Like I said, it could have been a lot worse.

How did you find out is was closed? Through this blog, or a notification from your broker??

I owned small lot - no notification by either broker or CS. Will be interesting to see how this one pans out over the ...years!

perhaps today's target is here. not sure.

so far today's tape is very tamed. testing day low now. break or not will impact my decision of hold overnight.
as long as nobody calling santa, i think we are fine,

Cobra wrote:perhaps today's target is here. not sure.

current candle is encouraging to scalpers.... bounce coming here......

Just based on the $TRIN indicator, we should see a bounce tomorrow of some sorts but due to the behavior of the market these past 3 months, it may be different.

the usual pattern should like this, not much time now, so I'm not sure.

Cobra, I'm liking the odds for you CPCE top call. Looks like we're still working on the A leg of the ABC correction for wave (4). Plenty of meat left on this for the bears

Will COBRA call this a double bottom????????

zudec wrote:

TraderGirl wrote:

Tek33 wrote:

TraderGirl wrote:

Tek33 wrote:I thought I had a good grasp on TVIX, but I don't understand how it can fall 25% today though. Took it on the chin, but well before the waterfall. Could have been really bad.

Were you notified in any way that the fund would be closed to new shares and that CS would not be supporting the price??

I haven't received anything directly from CS, but I knew it was closed. It's my own fault. I just didn't think the price would erode this sharp on a day like today. Like I said, it could have been a lot worse.

How did you find out is was closed? Through this blog, or a notification from your broker??

I owned small lot - no notification by either broker or CS. Will be interesting to see how this one pans out over the ...years!

If there was material information regarding and investment, your broker has a fiduciary responsibility to it's clients to notify them of changes. You should first go to your broker and ask them if they had received any information regarding this investment, and if they did, why was it not disseminated to you (the investor/client). It is definitely material information that changes the nature of the investment and should be disclosed. I owned a money management firm, and if my client's owned this, I would be the first one they would call and scream at. So, see what you come up with....I would be interested to know. I almost put in a sh!# load of money into this myself. There is something wrong with this picture....

goes as planed. I'm still neutral, enough for today.

thank you Cobra you were on the money...again

When it decided to not issue any more shares, my thought was it realized it had too much exposure to a negative event... thinking bank deritives (sp)
Thoughts??

maintain the plan. bears are covering because they're so scared like me.

KENA wrote:Will COBRA call this a double bottom????????

damn it. is it the squirrel man or just me? anyway from now on, the word "santa" is totally forbidden.
the tape is unreasonably strong, or i cannot find anything to justify it. maybe some news pending. anyway watch 1389 for now. if broken, the entire chart will be totally different