Cobra's Market View

Com'on Yoku,

You're avatar shows you sucking face with someone - just pucker up...... the bear won't bite.

Uncle Ben will though

jynmax wrote:

uempel wrote:

Cobra wrote:still defending the previous low but I'm not optimistic about bulls here as the selling appears broad based. Close right here today, then chances are good that there'd be more pullback ahead. so bulls need a sharp rebound somewhere before the close.

I agree.

UEMPEL,i want to learn to draw picture like yours and i have tried one,can you tell if my picture is right or wrong?
ps:i come from CHINA so my english is poor,excuse me.

The attachment umeple.jpg is no longer available

Jynmax, my Chinese is far worse than your English (which is fine!). Your applications are correct, I'd just slightly change the upper Fib Fan. I hope I manage to explain on this chart:

RUT
Back test of rising wedge complete.
http://99ercharts.blogspot.com/2011/05/rut_6865.html

For Cobra.....

[John Lennon Voice]

"Imagine all the people...... buy'in round the world....."

Motr did not have a good report so now it is heading down. It has been a good swing trade all the way dn.Now I don't know.The low on it now is $8.00 Wait and see.

Yesterday MOBI Pulled back to the bottom of its channel. It has had a big pull back and is now going up.Should be good for a time. Earnings is on the close May 10. This stock is the China App. Store. Look at your charts and see what you think. I got in yesterday near the bottom. Today up $1.25.

uempel wrote:Jynmax, my Chinese is far worse than your English (which is fine!). Your applications are correct, I'd just slightly change the upper Fib Fan. I hope I manage to explain on this chart:

Jynmax.png

Great, put this into "Getting Start".

triangle consolidation on the 5min chart. still say we close 1346.. because the bot mathematics say so

ES
Necklines a go go.
http://99ercharts.blogspot.com/2011/05/es_6396.html
There's method to this madness.

I don't know what kind of people read this blog, so I don't want to prompt anybody to put his chips on a bet he/she might not understand. But if some of you guys are into forex - have a look at the USD. Sentiment is so low and everything is pointing downwards - medium and long term momentum are lousy. I guess it's time to buy and that's what I have been doing this afternoon. My target is a USD rise of about 1 to 3 percent a) versus the basket and b) versus CHF.

Mr. T wrote:Com'on Yoku,

You're avatar shows you sucking face with someone - just pucker up...... the bear won't bite.

Uncle Ben will though

lol it is actually chinese version of more sex no war.
too bad obama does not speak chinese.

99er wrote:ES
Necklines a go go.
http://99ercharts.blogspot.com/2011/05/es_6396.html
There's method to this madness.

Yes I see the neck line held..Sooo maybe we may have a reversal and go under 1340.

es stuck in between 1344 (vwap for today) and 1345.25 which is ext 5day vwap.
volume is picking up. i am expecting a break out into close.
direction of break out, well, me so biased.

99er wrote:ES
Necklines a go go.
http://99ercharts.blogspot.com/2011/05/es_6396.html
There's method to this madness.

Nice chart 99!

triangle getting smaller .. which way will it break ?????????

uempel wrote:I don't know what kind of people read this blog, so I don't want to prompt anybody to put his chips on a bet he/she might not understand. But if some of you guys are into forex - have a look at the USD. Sentiment is so low and everything is pointing downwards - medium and long term momentum are lousy. I guess it's time to buy and that's what I have been doing this afternoon. My target is a USD rise of about 1 to 3 percent a) versus the basket and b) versus CHF.

thank you very very much,because i usually use ema 146 and 210 on 30MIN chart as the mid and big important supports after a big up trend,and today I found that your special chart shows the support 1340-1344 the same as me,it's very interesting, In the past days I couldn't find out why you draw picture like that,but i'm always very interesting on your pictures,so today I tried to draw one which learned from yours,my trading target is es and I have my system so don't worry.
thank you for your teaching again.

What's for tomorrow? not looking bulls

well, guess that's it for today. I believe the pullback isn't over yet although there could be one more push up tomorrow morning. thank you guys, I'll see you tomorrow.

thanks cobra..