Live Update

Monday, June 29, 2009

06/29/2009 After Bell Quick Summary

I’m sick today, have to go see doctor now so cannot wait after all data being collected.

Because CPC < 0.8, so there’re 81% chances the market will close in green tomorrow and also a firework setup has triggered.

CPCWatch

Firework

Personally, I’m not sure if I should long here, although I haven’t got all data yet, but I guess the market is pretty overbought now.

33 comments:

  1. Take care, and hope you are better soon!

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  2. take care, Cobra. hope you get better soon

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  3. Any change in accumulation distribution chart? Take care...it will be nice to have a 3 day weekend for you!

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  4. Get some rest Cobra, we'll hold down the fort. (It's not hard lately as you can the last month has been Ground Hog's Day... over and over and over again!)

    Dan Black

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  5. Cobra, Hope you feel better soon.

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  6. Thanks Cobra, and take care!

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  7. i have no idea why people are reading this guy's charts, he is very wrong so far. yesterday he said will pull bakc, but turns out no. numerous cases proved this guy is just an idiot following a book, easy to get killed in market. Basically, he does not know how to use TA, but simply plot all the chats in textbook.

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  8. Cobra, take more rest and drink more hot water OR hot ginger soup if you get coldness or fever ...

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  9. Cobra,

    Take care, and get well soon.

    Thank you for your wonderful works.

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  10. take care Cobra, you need have at least one week's rest for now, forget about the market, take somedays vacation and start fresh.

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  11. Thanks so much for the hard work. Take care. You are so responsible, but this is not your responsibility to draw chart everyday though. I really appreciate it. Get over soon. Don't worry about the chart if you don't feel well. Thanks again.

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  12. Let's see your stupid chart then...

    Quote:
    i have no idea why people are reading this guy's charts, he is very wrong so far. yesterday he said will pull bakc, but turns out no. numerous cases proved this guy is just an idiot following a book, easy to get killed in market. Basically, he does not know how to use TA, but simply plot all the chats in textbook.

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  13. what is the fireworks set up? Is it just in time for Canada day? Or July 4th (Socialist Day)! :)

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  14. To Anonymous that said...

    "i have no idea why people are reading this guy's charts"

    I read many different blogs, by many good chartists, and NO ONE is getting it correct everyday. As a matter of fact, just about everyone is confused as hell, because the market doesn't make any sense anymore. Why you ask?

    Simple... It's called Manipulation! Goldman Sucks and their buddy Al Capone (aka Timothy Geithner) has dumped more "Monopoly Money" into the system in the last 6 months, then America has from George Washington to George Bush.

    http://www.youtube.com/watch?v=JCyR7C0r3Dk

    So, hell yeah... it's hard to predict what those crooks are planning next. Unless you work for Goldman Sach or have read their "What we're doing next blog", no one knows the next move. (If you've read their blog, please share the link with us). It's only an educated guess, based on past TA history. But, they changed the rules. Now, all we can doing is try to work together to figure out their next step.

    That's why I read some many different blogs and post comments of interest. Together, by sharing knowledge, we have a better chance of surviving this market. Why don't you post something of value, instead of bashing someone for trying to help. If you know where the market is headed next, by all means... share it with all.

    It sounds like you've lost some money and you're ticked off. So, maybe you're just venting a little frustration? I don't know? But, don't take it out on someone that is trying to help. In the end, it's still up to YOU to make a decision on what to trade.

    I've lost a ton of money recently, but I don't bash other peoples' blogs. It's not their fault. They tried to help by posting charts and explanations for what could happen next. But, I'm still the one that placed the trade. So, it's MY decision... win or loss. The same is true for YOU!

    Dan Black

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  15. Get well Cobra.

    Love your work.

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  16. To anonymous who wrote "i have no idea why people are reading this guy's charts, he is very wrong so far. yesterday he said will pull bakc, but turns out no. numerous cases proved this guy is just an idiot following a book, easy to get killed in market. Basically, he does not know how to use TA, but simply plot all the chats in textbook."...


    i was about to write an agry response in defense of cobra who is willing to share his work free to trading community. But I am sure you have got few bets wrong in last couple of days as market acted little weird so I dont want to make you agrier by writing bad words to you.

    I hope that you recover/earn all your money back in the market and keep reading cobra's blog to get better insight. Please dont bash cobra. If you do not like his work, you simply have a choice not to open his blog site.

    Have a great trading week y'all.
    Keri

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  17. Take care, Cobra! Hope you get well soon.

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  18. so what is the fireworks set up?

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  19. Get well!!! Enjoy and appreciate all your work.

    Doug from Hartland, WI

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  20. Guys, thanks. I'm so touched!

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  21. Well said Keri...

    When I wrote my post I was also was going to write a much more angry response. But, I realized that he/she may just be venting off some steam. Many people have be frustrated by this insane market, and many have also lost money... myself included. So, I refrained from venting back.

    I welcome the poster and hope he/she can and will contribute to this blog in a positive way. Nobody is perfect, not me, not Cobra, or any other blog site. Let's not fight with each other, but instead focus on make money together.

    Dan Black

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  22. Get well soon... Hope you will feel better. You deserve to take rest...

    Vinod.

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  23. Get well soon Cobra. Your charts are great and have given me many ideas.
    Douglas

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  24. Cobra, thanks for your hard work all the time. No one is perfect, we are the reader not the followers, our money our decistion. I also lose money, it's my fault. I like the place where we discuss the trend of market, not bash somebody. Hope Cobra will feel better.

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  25. Very Well said Dan Black @ anonymous (June 29, 2009 4:31 PM & 5:11 PM)

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