Cobra's Market View

Bought 100 SPXU. Let's see if da bulls can break the ceiling.
Just a small bet.

DRL wrote:

Me XMan wrote:Bought SPXU (3X short SPY). Sorry wrong ticker.

You either bought SPXU (short) of UPRO (long)
Check your order if not too late

heavenskrow wrote:

tdo722 wrote:

heavenskrow wrote:

waverider wrote:

tdo722 wrote:short slv seems to be the right bet right now. good call man.

No thanks.

agreed. at least not yet. and congrats to uempel for the day
all i did today was nothing lol

OK, if you say so. I'm out break even, lost $16 for commission.

Noooo, dont make ur decisions based on my analysis!!!! Trust in yourself!

I didn't based it on your T/A. But you confirmed it for me. haha.

The bears screwed up yet again. Now, it looks like we will test the recent highs, unless the bears launch a counter attack overnight. Which is doubtful. What's new? The beartards are eternal chokers; they don't believe their own spin.

xfradnex wrote:I did some back tracing analysis with daily Eler signals Close to Close, High to High, Low to Low on the S&P. I did a 7 point match(green, red, blue) for the last 3 days. I found 4 date matches over the last 10,000 days. The results below are for what happened the day after. All had good negative OL swings . Two had 0 OHs. Two dates had significant market drops within 5 days. The last date, 8/25/11 , continued an uptrend, but had a good OL swing.
AttachmentsUntitled.png (8.3 KiB) Viewed 76 times

Following up from this morning today , the 8/25/11 kind of day played out. Today was a 2 out of 10,000 day. for S&P Close to Close = Blue. H-H =red, and LL = green. This is a rare day because High and Low trend/strength lines are moving in opposite directions. The two matching days: 6/10/1996 it closed at 672.16 ,next day was OH = 0.3 OL = -3.16, CC=-1.15, with little movement days after this. For 12/16/1998 it closed at 1161.94, next day was OH =18.09 OL =0, CC= 18.04. After 12/16/1998 there were 3 large gap ups over 5 days for around 5% total. Sample is small, but interesting; good as any other coin flip.

Updates

ES http://99ercharts.blogspot.com/2011/11/es_2150.html
SPX http://99ercharts.blogspot.com/2011/11/spx_8095.html

Got to hand it to Da Boyz.

In case you missed it.

Stock market idea article: “How to Trade This Headline Driven Stock Market”

http://stk.ly/uPERUA

trendfollower wrote:In case you missed it.

Stock market idea article: “How to Trade This Headline Driven Stock Market”

http://stk.ly/uPERUA

Thanks for sharing!

LUK still making insider transactions on Jefferies JEF to prop it up. http://finance.yahoo.com/q/it?s=JEF+Ins ... ansactions. Currently, JEF reduced exposure to europe today by half. CEO said he will continue with business as usual after this. The heat is off for now I believe. Still could be that in short term, JEF could position itself back again into risk when the coast is clear or could be an accounting trick to keep everone off their backs (position risk never really changed). There interesting article about past history of JEF and Ivan Boesky. http://www.businessweek.com/news/2011-1 ... treet.html. near bottom.

Silver, not much of upside risk here, holding short overnight: