Cobra's Market View

bears really need pray this is not a ZigZag down or Measured Move...

bears can't even break yesterday's low. time to buy guys.

bonzodon wrote:why everybody is so bullish here?
pls let it pullback a bit.

haha...wow...that's gotta be a first on cobra's board.

i like this...

a lot!

bonzodon wrote:why everybody is so bullish here?
pls let it pullback a bit.

I am not bullish at all

VWAP (orange line) = Thou Shall NOT Pass = BTFD

Sorry bears. Don't you know this game is fixed by now?

Wow, what a low risk setup. Long at LOD stop loss below 1368.27

btran874 wrote:Wow, what a low risk setup. Long at LOD stop loss below 1368.27

think you could even go with a shot long here with a stop below yesterday's low at 137.12. 15 cent stop loss from current price...not bad...

Russel getting hit hard

rola wrote:

Tabby wrote:

rola wrote:When people start to talk about DOW 20.000 and S&P 1700 I think the top is near..., we forgot that the stocks can also fall...

I agree with you. When we were close to 1050 back in Oct 2011, practically everyone stating negative 666 is on the table and market going to crash. We went up and straight to today's mark.
You are absolutely right.

The fact is that when we were at 1100 nobady was talking about how cheap stocks are, but now at 1370 everybody are talking how will just go up, this is a sheep"s game..

We still have a long way to 1340 for me to believe that we are going down. So far we were going up in stack of rectangular in $SPX. We will go sideway untill bulls sell their shares to those who believe up to 1700 in possible in straight line. This market needs to pullback a little before heading higher. April, 1st is start of earning season.

jarbo456 wrote:

btran874 wrote:Wow, what a low risk setup. Long at LOD stop loss below 1368.27

think you could even go with a shot long here with a stop below yesterday's low at 137.12. 15 cent stop loss from current price...not bad...

Makes it a little interesting because it's the magic number 61.8% retrace where we are at.

sorry, wrong measurement. should be this one.

rola wrote:

bonzodon wrote:why everybody is so bullish here?
pls let it pullback a bit.

I am not bullish at all

thanks for supporting the bears, there should be a 100 points pull back before resuming this rally.
If euro crisis pans out then may be more downside. let's see

"The Shining" gets a laugh track!

Think of Jack as the computers and Shelley as the bears:

http://www.youtube.com/watch?v=4a0AaQF15rc

bonzodon wrote:

rola wrote:

bonzodon wrote:why everybody is so bullish here?
pls let it pullback a bit.

I am not bullish at all

thanks for supporting the bears, there should be a 100 points pull back before resuming this rally.
If euro crisis pans out then may be more downside. let's see

There simply are NO SELLERS when it matters......

Oh wait --- looks like WYNN just came off halt --- now up a modest 7% on news that its new casino in Asia will be approved. Casino makers make money. Bet with the house. GO LONG! [I really am rather bearish, I just feel that I need to buy the dip to make this thing go down]

guess SPY will have some algo spike here - looks like a perfect launch pad on the 377MA 5 minute chart.

My EWZ refuses to drop!

Down day? You've got to be kidding. Calling Uncle Benny right now.

Looks like a legitimate downside breakout to the Diamond Top on Dow (15min)

Target 12805

bounce here? or lower 1365ish

Well, EXACTLY like the 15th the only thing that is keeping this from getting very ugly is AAPL.
If that goes...