Cobra's Market View

rc1269 wrote:doesn't look like anybody is going to sell before the Bernank speaks. why would you?

Before mid-day, SPY retraced 50% from the high. Some people succeeded in shorting. I was one of them.

Testing 1,2,3

D E A D

rc1269 wrote:doesn't look like anybody is going to sell before the Bernank speaks. why would you?

Are you kidding ????Look at dollar.Q 3 dissapointment coming

There's an incoming reversal tide, could be tomorrow or the day after as some charts may need to catch up but it's there, I see it....

1der wrote:D E A D

People are mourning Rodney King's death

Petsamo wrote:

rc1269 wrote:doesn't look like anybody is going to sell before the Bernank speaks. why would you?

Before mid-day, SPY retraced 50% from the high. Some people succeeded in shorting. I was one of them.

lets see if you can do it again, I am doing it

If VIX closes here it would be the largest (red) bar of the last 12 months.

There is a divergence between VIX and SPX in terms of the bar sizes.

BullBear52x wrote:

Petsamo wrote:

rc1269 wrote:doesn't look like anybody is going to sell before the Bernank speaks. why would you?

Before mid-day, SPY retraced 50% from the high. Some people succeeded in shorting. I was one of them.

lets see if you can do it again, I am doing it

Good for you!

ddd wrote:If VIX closes here it would be the largest (red) bar of the last 12 months.

There is a divergence between VIX and SPX in terms of the bar sizes.

it's topping but I try not to be too early, Trying to anyways

Is it too basic to think a move up into Fed meeting increases probability of 90 degree turn south when the meeting begins? Not a recommedation but I'm still in DZZ and EDZ, small pint sizes but still positioned for disappointment.

ClarkW wrote:Is it too basic to think a move up into Fed meeting increases probability of 90 degree turn south when the meeting begins? Not a recommedation but I'm still in DZZ and EDZ, small pint sizes but still positioned for disappointment.

What time is the FED meeting tomorrow? EST time?

as I said no failure allowed when 2nd test of the previous high. I don't consider the test as failed yet, but better bulls no more pullback from here now.

Anyone noticed it is POWER HOUR?

I see a sell off. Is Bernanke speaking ?

only 5 pages today...

pretty slow day on the cobra board.

interesting.

We still have a gap to close between SPY 135 and 135.50. I think we finish up around there, today.
A.

It's not the size of the boat, it's the motion of the ocean.

jarbo456 wrote:only 5 pages today...

pretty slow day on the cobra board.

interesting.

not looking good.

Into TZA and SDS