Cobra's Market View

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ... there's a relevant relative low in SLV...so why not just trade that? <shrugs> SLV might be very close to a bounce at $27.39, but I wont' enter long until some ki...

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ... This actually looks like an ending wave count in SLW...lower low on pos d...so bounce is very possible here... especially when Merriman's turns are based on reve...

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ...

SPY is leading ES on the downside move today...

Cobra wrote:testing overnight low, will we have a double bottom here?

It's broken like a spearhead slicing through silk...

SLV is interesting.... With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking... I just received an article that is targeting SLV to 33.50 Ichy to pull the trigger, but the timing of such kind of sho...

SLV is interesting....

With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking...

Any Gold bugs here? Someone can share a view on ABX?

While ES had a intraday low at 11:10am @ 1402, but it's not a solid one, and could be a fake reversal.. Won't trust the buy side here.

I see FCX got quite some buy after the recent 20% dive.. Some big guys are collecting chips around here..

Anyone has some taste of AAPL?

It's hovering around and above the 500 mark for a while...

Can't resist the temptation for a bite...

How about Crude Oil? Anybody has some insight to share?Seems it back up and stablized the $90 level.

Too ichy to pull the trigger...

stockcycle wrote:

stockcycle wrote:I begin to short. Don't know can find ally or not?

May be this morning-low can be revisited.

Already pulled the trigger right under 1228 just now..

Put a short stop order 1 tick below 1228, wish the 2nd leg down sweep it off and take it for a ride.

Me XMan wrote:It may even test the night's low.

doji wrote:ES 2nd leg down intraday is coming, should retest today's openning low.

I am just fighting for a free lunch...

ES 2nd leg down intraday is coming, should retest today's openning low.

BullBear52x wrote:Hello Traders, we are about to enter the Red light district please behave and bring along protection as much as neccessary

red-light-district.jpg

spy.JPG

Forgot bring the raincoats, I am naked bear.

S-triangle breakdown?

99er wrote:Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude_16.html

Love your charts.

What's your read on oil? Is this bear flag breakdown real or it's one time event because of the crazy EURO/USD move yesterday?

Thx.

Morning Cobra. If this is the 1st leg down from 135, and we can't hold at 128.5 , seems like 2nd leg down will be perfectly measured to 125. The market is oversold and extended, my sense it should hover around here and flirt with the lower trend line again, so that a bear flag will be formed and the...