Cobra's Market View

Corba
Can you pl tell whats the RSP indicator at the bottom of your posts and how do you use it?

TIA

Funny are they just want to make sure the text book double bottom is fulfilled before move higher? no one will buy today

trendfinder wrote:Corba
Can you pl tell whats the RSP indicator at the bottom of your posts and how do you use it?

TIA

It usually tells the truth, because it's equal weighted.

Nap Time Video

Gordon Brown on Dealing With Banks: Oops

http://www.telegraph.co.uk/news/politic ... banks.html

Magic market time! do or die, I htink we line up enough to see how we move from here.

Bought some July silver SLV puts today. Check this article out, this blog comes out with some of the best contrarian trades I've seen.

http://tradersnarrative.wordpress.com/2 ... ve-allure/

should be make some differences on the 4th touch?

gap support. now the picture is a little bit more clear: this should be the 2 legged down after the previous 3 legged up. we're now on the 2nd leg, so may see a little bit lower low here.

cletus wrote:Bought some July silver SLV puts today. Check this article out, this blog comes out with some of the best contrarian trades I've seen.

http://tradersnarrative.wordpress.com/2 ... ve-allure/

I agreed totally that SIlver is over extended. I trade no metal, but the silver sure look like it will not end softly.

If you still sleepy, get up and do Micheal Jackson.

"Beat it" song.

SPX
Update.
http://99ercharts.blogspot.com/2011/04/spx_3726.html

lower low as I said, now let's see if the gap could get filled.

great, stockcharts down again! Anyway, volume surge plus exhaustion bar so should be a rebound of some kind here, but after that there should be more on the downside.

normally the rebound should fail. especially when I've already dumped my short at the lowest point today, just it can never be I'm this lucky, so should be more on the downside.

Cobra,

What is your downside target? Are you still expecting 1250 to be tested again ?

Thanks.

OK nothing gonna change anything now. trades below 5dma and 1 std (BB20,1) these two are my default set up for support and resistance, that said sell the Rally start today from now unless big move up from here. have a good one everyone. that bass from Micheal Jackson"s beat it still in my head...tum tum tum tum...

AK84 wrote:Cobra,

What is your downside target? Are you still expecting 1250 to be tested again ?

Thanks.

I don't know this round but I still believe that 03/16 lows will be revisited.

Many doubted, but indeed, this cycle timing method caught the April 4th peak on the nose again. It has been quite accurate at calling short-term tops, though many doubt it or don't understand it. Doesn't mean the trend is changing, but it was a short-term top. Now the next day to key in on is April 15th, which could be a top or bottom, but you'll likely know which it is by Friday.

Cobra,

Likely up day tomorrow...last time the ES futures were down 4 days in a row was last August.

FJoe wrote:Cobra,

Likely up day tomorrow...last time the ES futures were down 4 days in a row was last August.

possibly but if we close red today, that'd be 3 red days in a row for spy which should never ever happen on a strong uptrend. and if indu red again today, then it's down both friday and monday which according to stock trader's almanac, is a very bad sign. there're 12 min left, let's see if indu can eventually close in green to avoid the bad sign.