tag:blogger.com,1999:blog-1523319707289548972.post287250202813961208..comments2023-09-26T11:49:31.690-04:00Comments on Cobra's Market View: 08/21/2009 Market Recap: Major Accumulation DayCobrahttp://www.blogger.com/profile/09332879456290234613noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-1523319707289548972.post-37696535838256346352009-08-24T10:59:30.220-04:002009-08-24T10:59:30.220-04:00So you really believe we could see a big corretion...So you really believe we could see a big corretion that would take us lower than the 667 on the S&P?<br />What would be the catalyst from where we are now?<br />I have been watching the markets in awe and I really don't like what I see (not because I'm not in - I am but I have scaled my positions back recently and am letting others run with tight stops) but have been hearing from Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-88191189881791289832009-08-24T10:40:40.668-04:002009-08-24T10:40:40.668-04:00That's just for short-term. I still belive the...That's just for short-term. I still belive the bear market isn't over yet.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-65636703823155248412009-08-24T10:36:47.752-04:002009-08-24T10:36:47.752-04:00Cobra
Why the change from "off the cliff simi...Cobra<br />Why the change from "off the cliff similar to 1929" (your "emotional trend") to now green UP?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-35409108970608884122009-08-23T20:16:48.340-04:002009-08-23T20:16:48.340-04:00Lot of people watching UUP for direction.
Most re...Lot of people watching UUP for direction.<br /><br />Most requested quote.<br />http://stockcharts.com/charts/tickerrain.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-57939794220893558942009-08-23T20:06:40.115-04:002009-08-23T20:06:40.115-04:00UUP chart suggests we may get at least 2 to 3 up d...UUP chart suggests we may get at least 2 to 3 up days for the dollar ahead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-24857043167353015642009-08-23T19:56:49.197-04:002009-08-23T19:56:49.197-04:00Two more days with closes (and bodies) in this new...Two more days with closes (and bodies) in this new high range (above highs of 8/7) and we're done a/la the January top (and Aug. '87 SP top/Nasdaq March 2000top). An esoteric indicator has issued a sell signal on Friday for SP or is about to and it could issue a sell signal for Nas on Tues.' close. We have written about this on the Final Surge thread over at stocktop.org. I'll Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-8970597534315348582009-08-23T17:46:48.468-04:002009-08-23T17:46:48.468-04:00UUP is at the bottom! The S&P rally is done!UUP is at the bottom! The S&P rally is done!TraderCnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-51916000197405293042009-08-23T17:06:43.850-04:002009-08-23T17:06:43.850-04:00Even Jim Cramer said SELL SELL SELL !Even Jim Cramer said SELL SELL SELL !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-45235960627418520042009-08-23T15:35:04.137-04:002009-08-23T15:35:04.137-04:00I would also add that inverse Nasdaq 100 and Midca...I would also add that inverse Nasdaq 100 and Midcap fund assets remain right at or near record lows and inverse smallcap assets are very close to record lows.The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-33009377441771084422009-08-23T15:33:05.495-04:002009-08-23T15:33:05.495-04:00If you look thru each Rydex fund you will see that...If you look thru each Rydex fund you will see that the bearish increase was almost all in a single fund - the inverse S&P 500 which was up $218M. I believe it is a single trade and have seen that $200+ amount come off and on in a day multiple times. All the other funds had insignificant changes if any. Ignore it.The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-52996173375932084402009-08-23T15:07:50.578-04:002009-08-23T15:07:50.578-04:00First of all - Cobra - great work. I can't tha...First of all - Cobra - great work. I can't thank enough for putting all this together. I am out of words for all your hardwork.<br /><br />As per John Murphy, the market is overbought from a long time. He asked his readers to be cautious and do not commit to new money in this market. But I don't recall exactly when - whether is it this week or before he went on a vacation. <br /><br />NowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-74611950360525228842009-08-23T14:24:32.836-04:002009-08-23T14:24:32.836-04:00Teich, does it really matter if they are buys or s...Teich, does it really matter if they are buys or sells? i believe what is important, is if there is a noticeable pattern with such readings in terms of future ST performance. i think that is the point of paying attention to them. You take whatever edge the market throws your way..it won't always produce a favorable trade, but better than flying blind.The Small Fishhttps://www.blogger.com/profile/04619208391948286184noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-89040578208389089182009-08-23T13:23:51.307-04:002009-08-23T13:23:51.307-04:00Cobra:
Since you pay so much to CPC's, you o...Cobra: <br /><br />Since you pay so much to CPC's, you ought to know that there are two sides to each trade, as a call bought by one party means that a call is sold to someone else.Teichhttps://www.blogger.com/profile/08047779768753305475noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-29148269094541231652009-08-23T13:05:24.438-04:002009-08-23T13:05:24.438-04:00Rising wedge could be broken on the upside, so it ...Rising wedge could be broken on the upside, so it doesn't guarantee a drop.<br /><br />As I said in today's report, if we get 2 days drop in a row, then it's bearish, otherwise no points to fight against mad bulls.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-4923672719904947582009-08-23T13:02:42.332-04:002009-08-23T13:02:42.332-04:00I was quoting what Art Cashin said on cnbc Friday ...I was quoting what Art Cashin said on cnbc Friday morning. That did not include this weekend. Also we touched the top of the daily rising wedge friday, what are your thoughts if we break to the upside? It's suppposed to be called a bearish rising wedge. ThanksGordonnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-27123849069251342462009-08-23T12:38:51.944-04:002009-08-23T12:38:51.944-04:00Gordon, title is here:
STRONG HOUSING NUMBERS BOO...Gordon, title is here:<br /><br />STRONG HOUSING NUMBERS BOOST HOMEBUILDERS AND REITS WHICH ARE IN NEW UPTRENDS -- THAT HELPS EXTEND MARKET RALLY -- SUPPORT LEVELS TO WATCH <br /><br />I don't see he said very overbought.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-26510017931755445712009-08-23T12:37:20.608-04:002009-08-23T12:37:20.608-04:00Cobra, What did John Murphy say this weekend. I ha...Cobra, What did John Murphy say this weekend. I had heard he was saying the market was very over bought ?Gordonnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-16823950379810432262009-08-23T12:22:48.423-04:002009-08-23T12:22:48.423-04:00Insiders at extreme high levels of net selling dur...Insiders at extreme high levels of net selling during the previous four weeks, this confirmation is an additional extremely bearish signal.Insidernoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-11884181610352369542009-08-23T12:15:12.623-04:002009-08-23T12:15:12.623-04:00Market is very close to a top.
Be Careful!Market is very close to a top. <br />Be Careful!ExpertTradernoreply@blogger.com