Cobra's Market View

99er wrote:uempel: "but I'm not sure if they meet Cobra's standards.."

Doesn't Cobra prefer blondes?

This time of the day Cobra prefers colorful birds - snakes like him are always hungry at noon... Happy Easter 99, I'm off for a long weekend.

Tabby,

Link to http://www.prorealtime.com/en/ They have a free 7 day trial on real time data.

Hope this link is OK Cobra.

Vix got knock out cold, I don't know if it will ever get back in the market

I would love to be a bull right now but this chart doesn't look very good to me. Major resistance ahead plus a rising wedge possibly. I think IYR will fall to 47 even in the most bullish possible case for the market.

uempel: "Happy Easter 99, I'm off for a long weekend."

Thanks. Enjoy the holiday!

Thunder wrote:SLV (SHARES SILVER TRUST ) still running .......!!!!!!!!

The daily RSI = 93+
this is crazy, it might hit 100 RSI(14) before it ever give 1% correction.

for daytrader, this is really bearish formation, lower from the openning now.

Cobra wrote:

uempel wrote:Hey guys, our friend from Indonesia has posted some very exciting charts, but I'm not sure if they meet Cobra's standards..

I have no standards. is it a naked lady?

That is a great quote from Cobra! One for the books...

Bear flag on ES?

Cobra,

Sorry to inundate you with so many qiuestions today....any thoughts on the chart of CMG that I asked you about yday ? they missed earnings......went all the way down to 270 and now forming a very big hanging man today....looks bearish doesnt it ?

Corba~ do you still think this kind of consolidation means more upside?

SPX
Is that a growl I hear?
http://99ercharts.blogspot.com/2011/04/spx_6531.html

BullBear52x wrote:Bear flag on ES?

... i hope you're right, i'm just shorting ad crossing my finger... not very professional, but very common where i write from!!

Cobra, I've been surfing the web for a while, but this is with no doubt the best board around... hope to learn something and improve my trading!

.. so far, what i got is quite simple.... never challenge a snake

Pick your side for Monday. SSO/SDS

Descending trendline has not broken yet. It feels like just a matter of time but for the time being it simply has not and that's all we can say.

99er wrote:SPX
Is that a growl I hear?
http://99ercharts.blogspot.com/2011/04/spx_6531.html

... course it is!!

You see the top wedge on my intraday chart? you Bears got to give it for the Bulls once that broke up, so far bears in chage still.

AK84 wrote:Cobra,

Sorry to inundate you with so many qiuestions today....any thoughts on the chart of CMG that I asked you about yday ? they missed earnings......went all the way down to 270 and now forming a very big hanging man today....looks bearish doesnt it ?

so far I don't read it as bearish yet. need wait for a few days.

noidea wrote:

BullBear52x wrote:Bear flag on ES?

... i hope you're right, i'm just shorting ad crossing my finger... not very professional, but very common where i write from!!

Cobra, I've been surfing the web for a while, but this is with no doubt the best board around... hope to learn something and improve my trading!

.. so far, what i got is quite simple.... never challenge a snake

Thanks.