Cobra's Market View

uempel wrote:Now!

Most likely a dud.

uempel wrote:

uempel wrote:Now!

Most likely a dud.

Maybe just a long fuse ???

Here is my yellow line, more room up but that will be another sell rally spot if we get there today.

uempel wrote:

uempel wrote:Now!

Most likely a dud.

Just a lag of 10 minutes... Did you really say 1350?

Hello Cobra,

what is a OR breakout ?

breakout as I expected. Let's see if this breakout fails or not this time. I don't expect it to fail again this time but certainly it requires some imagination on how high we could close today because SPX is already 30 points higher.

jarbo456 wrote:I think we need to take some cue from /CL which is going gangbusters after being hugely muted over the past 2-3 days. /CL muted = equity markets being muted. /CL going gangbusters might bring Santa after all.

Hey Jar, remember my chart/prediction from Friday?

The circles are truthtellers...

I am selling FAS and SSO for now, SPY trades above Yellow line, get out no BUT or IS!

Here we are good risk/reward I think. Ok will report back later.

This is a sub-breakout - we are still in the first leg and perhaps in the final push. A-B-C adjust is due soon.

RangeBar Charts:

bushwaffle wrote:

jarbo456 wrote:I think we need to take some cue from /CL which is going gangbusters after being hugely muted over the past 2-3 days. /CL muted = equity markets being muted. /CL going gangbusters might bring Santa after all.

Hey Jar, remember my chart/prediction from Friday?

The circles are truthtellers...

hmmm...not off the top of my head. want to post it back up? i'd love to take a look at it again.

Eagle_Eye wrote:

Me XMan wrote:Lucky I covered half yesterday. Now wait 1hr and see with this big gap up.

TNA up 6.5% from yesterday's purchase at the close. I don't want to say "I told you" but....santa is here.

Same exact pattern over the last month as March - April - and in mid April up up and away.

My chart from Thursday:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

hehehe great job man. not many people had balls like you to go long yesterday... though I was lucky enough to cover yesterday. =]

Update to Friday's chart/prediction: If we decisively break resistance here, then 1260ish this week.

Got another short chunk $123.30...

BullBear52x wrote:Here we are good risk/reward I think. Ok will report back later.

Cobra maybe the gap that is going to get fillled is the vix gap of august 17th. And we can go a little bit higher maybe the 200m.a?

nikman wrote:

uempel wrote:

uempel wrote:Now!

Most likely a dud.

Just a lag of 10 minutes... Did you really say 1350?

Yeah, but being sarcastic... These short covering rallys are soooo artificial, they really annoy me.

If you want to just see Cobra's posts than click on his name and then click on "Search user's posts". Keep refreshing that page. Not sure if that works on mobile so even better use Twitter. I'm not around so much now that Cobra created the Twitter feed, less distraction with the tons of great posts from the other great traders here.

grachu wrote:cobrA I GOT THE app for the phone but there is no way of knowing all the foes.... so we need a list from you so we can put it in there. I just want to see your posts otherwise Is hard to see your updateds it gets crowded..

Wow, /cl filling the gap all the way to the 98 area.

waverider wrote:Wow, /cl filling the gap all the way to the 98 area.

was just going to say that. it's on FIRE.

jarbo456 wrote:

bushwaffle wrote:

jarbo456 wrote:I think we need to take some cue from /CL which is going gangbusters after being hugely muted over the past 2-3 days. /CL muted = equity markets being muted. /CL going gangbusters might bring Santa after all.

Hey Jar, remember my chart/prediction from Friday?

The circles are truthtellers...

hmmm...not off the top of my head. want to post it back up? i'd love to take a look at it again.

viewtopic.php?f=2&t=395&p=50610#p50610