Cobra's Market View

Posted: **Tue Aug 30, 2011 4:02 pm**

This may be a target?

Posted: **Tue Aug 30, 2011 4:03 pm**

closed under resistance at 121.8, tomorrow is going to be ugly

Posted: **Tue Aug 30, 2011 4:05 pm**

What happens at the close tends to continue into the morning. I am expecting an early sell-off in the first 30min then continue to consolidate in this area.

Posted: **Tue Aug 30, 2011 4:05 pm**

"who in their right mind would want to be long today, with our economy the way it is."

I'm certainly not some raging bull, not at all in fact..... but I do recall the economy looked darkest in the first quarter of 2009, not a bad time to be shopping for longs in hindsight.

The economy is not the stock market.

Posted: **Tue Aug 30, 2011 4:06 pm**

Actually, since last Friday FED meeting, everyday was green. Ben is behind to drive the market, hard to believe that MM will make a day red. We will see.

Posted: **Tue Aug 30, 2011 5:21 pm**

This fits with Umpel's timing charts. the BB squeeze is on and momentum is up but waning. Market needs a day or 2 to let us know which direction for this projected major move.

Cobra's Market View

08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering

Re: 08/30/2011 Intraday Watering