Cobra's Market View

Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short Thanks 1st rebound Low is in for today? unlikely, there're always exceptions though. :lol: Thanks Cobra. Even if today's low is ...

Cobra wrote:

nonabear wrote:Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

1st rebound

Low is in for today?

rola wrote:Cobra what about bullish OE week?

OE is out of the window in front of a steam roller.

Big gap down below yesterday's range so chances are the gap won't be filled. The regular hour ES looks like a Double Top breakdown, targeting 1146 the max while the Global ES, it's rare such a pullback is only one legged so the very first rebound is sell, well, mostly. Got a target for the rebound ...

High to low almost 20 points. Enough damaged done to call it a top for this bounce?

Did we get a double top these two days? More downside to come?

Sarkozy/Merkel are talking about the taxation of financial transactions - that's why the market reacted nervously just a proposal, those rich guys control everything, don't think they'll punish themselves. :mrgreen: Umpel, where did you get the news from? could please post a site? France, Germany t...

newbie_77 wrote:cobra and all,
it looks like we are having a hard time passing thru 1200

Funny, bulls are worried that we can't break out 1200. Bears are worried any dip is bought.