Cobra's Market View

Yen and Gold at key levels. Break them (up) and we should have a nice running down in stocks. May be at close? or more patience is required?

What about US debt ceiling?

Seems like everybody fleeing out of the market.

No deal... yet... Monday there is a new meeting but this time in Greece.

Trades with cats wrote:ES honoring the R1 pivot while the TF has paused in the middle of no ware waiting for a direction. Need a new rumor.

I see it as managing the daily MM20

Nice to see ya, Cletus. };b

Mmm... sorry, Cletus... what were you saying? Something bout bears I think.

I think this morning bulls have taken the rest of paper available. And now... we'll... I guess you're going to take a long time to return here to mock bears.

Take it easy!

QED wrote:

quientuves wrote: Yeah... but you were very silent past days...

Quientuves, you can answer cletus, but PLEASE do not "quote" him. THANKS!

Yep! Edited. Sorry!

Yeah, Cletus... but you were very silent past days...

gappy wrote:10 minute. Fractal.

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If that's true... now we can expect a power sell-off!!

Still waiting to break MM200 @30min.

MM200 @30min. supporting the SPX. Break it clearly and may be (I say may be) we could reach to have some fun...

Thanks again, Tutti!!

Thanks, Tutti. That's interesting, but couldn't it be said or looked in the other way? I mean, you keep your position, the market plummets, and...

I know risk and money managing, but are they efficient enought??

If you a have a huge portfolio and need to sell it, you better wait till everybody is willing to buy. An scenario with no reason to go down is a good place to start.

This time is China who kill the bears.

Bear's life is so hard nowadays...

Uempel? As you are the specialist... I think may be you could draw a nice big ellipse with the last 3 highs... Feb-25, March-23 and today...

Hi, Cobra! This is the Weekend Thread...!!!

Am I blind or missed the Greece News!! whats happening there?? http://www.telegraph.co.uk/finance/economics/11503516/Greece-races-to-convince-creditors-for-bail-out-cash-live.html Merkel warns Greek reform plans need to 'add up' Athens waits on decision from Brussels Group over its €3bn reform plan...

MA200 @ 30' on ES holding everything...