Cobra's Market View

hmm, strong close. bears dare not hold over the weekend.

TGIF.

Have a great weekend!

VIX have big boost because of put buying??? nobody was protected on the downside, now they are loading up with puts....???

Sold 6300 TVIX shares earlier and cashed in.

Will be back to play when the signals tell me to.

Crocodile had its fill for now. See you next chomp chomp time.

Looks like Wave A down to a 50% retracement of the last wave up for IWM:

BullTart wrote:Sold 6300 TVIX shares earlier and cashed in.

Will be back to play when the signals tell me to.

Crocodile had its fill for now. See you next chomp chomp time.

Nice play BullTart! And I like the sign off

TraderGirl wrote:

TraderGirl wrote:keizai, I went over your DAX chart and my dates and it makes sense, we will have to see how it plays out....

dcurban, don't know if you saw Keizai's post re: DAX. I put together this chart...what are your thoughts on the cycle data???

I would agree with that. The next push up could be just a double top coming.

ClarkW wrote:

BullTart wrote:Sold 6300 TVIX shares earlier and cashed in.

Will be back to play when the signals tell me to.

Crocodile had its fill for now. See you next chomp chomp time.

Nice play BullTart! And I like the sign off

OMG, I don't think I ever can talk myself into buying that much TVIX. You da man.

BullTart wrote:Sold 6300 TVIX shares earlier and cashed in.

Will be back to play when the signals tell me to.

Crocodile had its fill for now. See you next chomp chomp time.

Also sold my TVIX. Holding it over the weekend just doesn't seem profitable often.

Last two StockTwits updates. The developer isn't always at his machine, but has been a fair amount lately. Since he designed it his interpretation of what he is looking at clearly trumps mine:

#
HFTAlert
nice patch of algo buy spikes shown on hft alert and the accumulator $SPY http://chart.ly/sil2yow
Feb. 10 at 3:47 PM
#
HFTAlert
this spike isn't that large-market very thin here-any larger than this a big move.. accum extension

You can follow this at this link (no solicitations that I see are on StockTwits...we each could do it if we liked and I heard Doug Cass uses "Gun to my head...." quite often)
http://stocktwits.com/HFTAlert

paging cougar...

CRR is mighty close to my measured move target of 85'ish. I took half my put profits today. Letting the other ride, we may see low 70's, but I won't hold my breath for it. It's looking like it needs a relief rally soon.

BullTart wrote:Sold 6300 TVIX shares earlier and cashed in.

Will be back to play when the signals tell me to.

Crocodile had its fill for now. See you next chomp chomp time.

No reason to get too greedy we hit the upper bollinger and it made sense to cash in the chips. I have cashed all but a few lonely chips for the weekend. GLTA

well, guess that's it for today. no conclusion, we'll have to wait for the next Monday. the rebound before the close is actually not good for bulls because it eliminated the guarantee for a green Monday. bears on the other hand as I mentioned last night have the target to meet before the Monday end, so still have lots of to do. Thank you guys, I'll see you the next Monday.

possible channel.... pop to 1345 monday? resistance? or just gap down through neckline...

soku wrote:es 1334 area was tested couple times. no break no deal

damn, i feel good being chikkin. one more time.

Nice article for UNG bulls:
Chesapeake Spurs Nat Gas Rally

Cobra wrote:well, guess that's it for today. no conclusion, we'll have to wait for the next Monday. the rebound before the close is actually not good for bulls because it eliminated the guarantee for a green Monday. bears on the other hand as I mentioned last night have the target to meet before the Monday end, so still have lots of to do. Thank you guys, I'll see you the next Monday.

consolidation before the next leg down? or does'n apply to down moves?

jarbo456 wrote:paging cougar...

CRR is mighty close to my measured move target of 85'ish. I took half my put profits today. Letting the other ride, we may see low 70's, but I won't hold my breath for it. It's looking like it needs a relief rally soon.

Here is message from Cougar:

VolpinacciFeb 10, 2012 10:21 AM
For the snakes who might remember my previous CRR call:
due to the present condition of its industry, target was now lowered to ~82.
http://twitpic.com/8i3qtj

Wierd, SPY & IWM on opposite sides of the candlestick

Cobra wrote:well, guess that's it for today. no conclusion, we'll have to wait for the next Monday. the rebound before the close is actually not good for bulls because it eliminated the guarantee for a green Monday. bears on the other hand as I mentioned last night have the target to meet before the Monday end, so still have lots of to do. Thank you guys, I'll see you the next Monday.

VIX closed well within the bollinger so could be an interesting Monday.