Cobra's Market View

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Fib 50%, still can be seen as bear flag. Sometimes the rebound can go as high as 80%.

Gotta give Flower Girl props for building that SVXY position yesterday.

members only update starts here: http://www.cobrasmarketview.com/2015/01 ... ay-update/

viewtopic.php?f=2&t=1541&p=180664#p180664
viewtopic.php?f=2&t=1541&p=180660#p180660

Nicely done FG.

FlowerGirl wrote:
viewtopic.php?f=2&t=1541&p=180664#p180664
viewtopic.php?f=2&t=1541&p=180660#p180660

To make money in this market you need to have
...a winning strategy &
...faith in it
...and lots of patience

no Faith/Patience...no Money...no Honey...just as simple as this... SVXY Long is possibally a 20+% trade...

Eddie wrote:Gotta give Flower Girl props for building that SVXY position yesterday.

grandeG wrote:Nicely done FG.

FlowerGirl wrote:
viewtopic.php?f=2&t=1541&p=180664#p180664
viewtopic.php?f=2&t=1541&p=180660#p180660

/es 120m.. possible invs H&S cyan neckline…(target top green trend)... possible larger red diamond top.. should we fail near the red/green trend / 50d/20d ish range..

Cobra wrote: ===================================

Fib 50%, still can be seen as bear flag. Sometimes the rebound can go as high as 80%.

Cobra,
when you say 80% are you not talking a multi-day move?
So re day-trading - ie today - are do you see a bear flag for today??

The market is embroiled in fear still, even after yesterday's rally.

SPX

Cobra wrote:
Fib 50%, still can be seen as bear flag. Sometimes the rebound can go as high as 80%.

Cobra has the fib drawn incorrectly. It should show the recent decline as a retracement of the rally that started in December, NOT showing this rally as a retracement of the most recent decline. You only talk about retracements up when there is a lower low on the chart. There was no lower low. It's a problem of bias, in that if a person thinks the market is heading lower, they see what they want to see.

Just calling it how I see it.

Now my mid to long term setup is entering sell the rip zone, until it fails will bulls got a say.

Here is how the fib should have been drawn by Cobra

SPX daily.. diamond pattern.. top seems more likely.. or just a continuation.. then yesterday's Mr. M's crazy pbar target could get tagged/ http://thepatternsite.com/diamondt.html

daytradingES wrote:

Cobra wrote: ===================================

Fib 50%, still can be seen as bear flag. Sometimes the rebound can go as high as 80%.

Cobra,
when you say 80% are you not talking a multi-day move?
So re day-trading - ie today - are do you see a bear flag for today??

Yes, 80% is multiday move.

Day trading, right now all we think is find chance to long, forget about flag or whatever. I mean for now. Maybe later situation changes then we think other way...

INDEX dailies.. COMPQ/NDX nearing MA's.. RUT testing 20d