Cobra's Market View

Bears haven't been defeated yet, fellas. The SPY daily chart looks like a triangle.

Bears will probably wonder, what would it takes to have a red day in this life? hey weekly is in the red last pump up four days in the roll still can not put green on the weekly candle. I am not shorting yet but no way I will go long this chart.

jarbo456 wrote:who wants some freshly made lemonade? squeeeeeeeeeeeeeeeeezeeeee.
market makers are making sure you have a sack of rocks to hold shorts over the weekend...i'm IN! holding short.

unreal, sqz fail after ONE stick

well either gap up 1265, or gap down 1240 on Monday

From The Department of Head Fakes

SPX http://99ercharts.blogspot.com/2011/11/spx_4943.html

Have a great weekend!

Easy day. My SPY dailys made a quadruple on 1st entry and a triple on the 2nd entry. Also caught 1/2 of the short on this morning. Lucky me Need this luck to last... Gotta love beginner's luck

Cheers

http://3.bp.blogspot.com/_CN9jrEj-fs0/T ... cheers.jpg

close at $125.22 and Cobra is right again.

Cobra wrote:strong close so far, but still fighting on MA200 red line.

Cobra, is it safe to hold short overnight? thanks

jarbo456 wrote:who wants some freshly made lemonade? squeeeeeeeeeeeeeeeeezeeeee.

market makers are making sure you have a sack of rocks to hold shorts over the weekend...i'm IN! holding short.

I'm right there with you jarbo456. Holding short and holding over the weekend. They keep ramming up to resistance on the Russell, but can't get over it. Disclosure: Holding TZA. Bought yesterday at 29.00 even.

well, guess that's it for today, indeed 90% chances Open > Close. I need watch my crystal ball closely before making my next call for the next few days. Statistically, we shouldn't buy today's close though. Thank you guys, I'll see you the next Monday.

Cobra ...Thanks for the week..Everyone have a good week end.

fehro wrote:well either gap up 1265, or gap down 1240 on Monday

close above 125.4 is up, below is down; but only the Cobra knows

tdo722 wrote:close at $125.22 and Cobra is right again.

oh no,

good news over the weekend. damn u market maker....

Something I've noticed, a lot of emotions here lately...very bad for trading.

Turn them down. The trend is your trend. and yes the trend is still up.

whatever i say, the opposite happens....bulls won again...

Thanks Cobra for allowing us yap our none sense here. have a good weekend all.

thanks, Cobra

We could be setting up for the third wave of C up. So off to 1287 is one possibility. My mechanical indicator also turned bullish last hour. Have a nice weekend.

have a nice weekend everyone!

Mr. T wrote:A lot of overlap...... that's not good for bulls

I agree.

I see channel and I see diagonal. I'm sticking on the side of the channel.