Cobra's Market View

Posted: **Wed Oct 26, 2011 2:46 pm**

maintain the plan, although it's not the 2nd leg down any more because the rebound made a higher high. Let's see if any pullback here before making my next plan.

Posted: **Wed Oct 26, 2011 2:48 pm**

Cobra wrote:should be 2 legged down on 1 min chart. funny nowadays I have to read 1 min chart.

you bet, market changing that fast

Posted: **Wed Oct 26, 2011 2:49 pm**

ricster3 wrote:If we close this high I will have officially blown up my account today from this fake news. Small account and took too much risk at the very worst moment.

Sorry to hear. But note that biggies watch BB 13/1 very, very closely - daily, weekly, monthly. Rebound pulled off 2 handles early.

Posted: **Wed Oct 26, 2011 2:52 pm**

Can I DJ?

http://www.youtube.com/watch?v=iMoYIgGSNxc

Posted: **Wed Oct 26, 2011 2:54 pm**

good, as I expected. now should be 2 legged down. I'll update my plan the next.

Posted: **Wed Oct 26, 2011 2:55 pm**

Support trendline on the 3 min just broke.

SGEN, a biotech I follow, just broke through key long-term daily resistance at 21. It's now at an all-time high.

Posted: **Wed Oct 26, 2011 2:57 pm**

never ever underestimates the power of bull side, so I'll give it one more try on the upside.

Posted: **Wed Oct 26, 2011 3:01 pm**

Cobra wrote:never ever underestimates the power of bull side, so I'll give it one more try on the upside.

QQQ says: ME TOO!

Posted: **Wed Oct 26, 2011 3:02 pm**

noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.

no change. everything goes as planed. wo ha ha ha ha ....

Posted: **Wed Oct 26, 2011 3:03 pm**

H1 long, let's see.

Posted: **Wed Oct 26, 2011 3:04 pm**

Cobra wrote:
noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.
no change. everything goes as planed. wo ha ha ha ha ....

Thanks! We seem to be settled at 1240 area waiting for the official announcement.

The ultimate target is 1190 to 1200 still?

Posted: **Wed Oct 26, 2011 3:05 pm**

noob wrote:
Cobra wrote:
noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.
no change. everything goes as planed. wo ha ha ha ha ....
Thanks! We seem to be settled at 1240 area waiting for the official announcement.

The ultimate target is 1190 to 1200 still?

what annoucement? I'm sorry been out of touch this morning.

Posted: **Wed Oct 26, 2011 3:07 pm**

noob wrote:
Cobra wrote:
noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.
no change. everything goes as planed. wo ha ha ha ha ....
Thanks! We seem to be settled at 1240 area waiting for the official announcement.

The ultimate target is 1190 to 1200 still?

I didn't give target.

Posted: **Wed Oct 26, 2011 3:07 pm**

Al_Dente: "es looks like surf's up"

Honey thinks so.

http://m.iphotoscrap.com/Image/264/1260352587.jpg

Posted: **Wed Oct 26, 2011 3:08 pm**

tdo722 wrote:
noob wrote:
Cobra wrote:
noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.
no change. everything goes as planed. wo ha ha ha ha ....
Thanks! We seem to be settled at 1240 area waiting for the official announcement.

The ultimate target is 1190 to 1200 still?
what annoucement? I'm sorry been out of touch this morning.

EU Summit, what else?

Posted: **Wed Oct 26, 2011 3:09 pm**

Cobra wrote:
noob wrote:
Cobra wrote:
noob wrote:Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.
no change. everything goes as planed. wo ha ha ha ha ....
Thanks! We seem to be settled at 1240 area waiting for the official announcement.

The ultimate target is 1190 to 1200 still?
I didn't give target.

Oh ok thanks. Thought below the blue tainted area was the target.

Posted: **Wed Oct 26, 2011 3:09 pm**

Yes of course.

When are they going to announce it?

Posted: **Wed Oct 26, 2011 3:11 pm**

Sorry can't post the chart here.
SPX 10mins chart broke out one up trend, and formed a new up trend.

Posted: **Wed Oct 26, 2011 3:11 pm**

yes we can. took a long on the 20ema of the 5min chart @ 1233, stop is even. bull-tards looking weak.. but can't tell if this is a bear trap or weak bulls... best to side with the bulls

Posted: **Wed Oct 26, 2011 3:14 pm**

tdo722 wrote:Yes of course.

When are they going to announce it?

Probably no announcement until the early hours here - so around 9pm US Eastern time.

Although I doubt there will be any surprises.

Cobra's Market View

10/26/2011 Intraday Watering

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