Cobra's Market View

We had 4 consecutive bear bars (as long as open > close, it's a bear bar, doesn't have to be a down bar) so the volume surge today could be seen as an exhaustion therefore a rebound is due. It's also reasonable to read it as the volume surged on the 2nd down day therefore was bearish (People rushed to sell). My bias is a little bit down as the recent rally was mainly due to a few heavy weighted stocks which was not healthy so a pullback looks reasonable to me.

Didn't expect the breakdown could go all the way down till the close. It was a downtrend day, just the breakdown was way late than usual.
viewtopic.php?f=2&t=4693&p=296098#p296098

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.