Cobra's Market View

Flat open plus OE day so anything is possible. The bias is bullish though as according to Stock Trader's Almanac, September Triple Witching, Dow up 6 straight and 7 of last 8. Looks like a Bull Flag or Rectangle to me on the Global ES, so the chart pattern not bearish too.

Good Morning.

Gee honey...it's already Friday. What should we do today?
ES http://99ercharts.blogspot.com/2011/09/es_16.html

How about a drive?

Say...who's waving the start flag?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_16.html

Dumb central bankers.

Look honey...
NQ http://99ercharts.blogspot.com/2011/09/nq_16.html

A Butterfly.

TGIF.

99er wrote:Look honey...
NQ http://99ercharts.blogspot.com/2011/09/nq_16.html

A Butterfly.

TGIF.

What's most likely the next move for this kind of butterfly? Thanks

Gee honey...which way?
HG http://99ercharts.blogspot.com/2011/09/copper_16.html

Dr. Copper suggests south.

hutong:

These are generally bearish. See the link below:

Sorry, the site is busy. You can check out www.fx360.com later and click the tab Technical Analysis.

The German DAX is very close to busting significant resistance but it doesn't wanna do it on its own. If we rally this morning before 11:30, it'll be because we're assisting the DAX bust resistance.



Note the double bottom.

99er wrote:hutong:

These are generally bearish. See the link below:

copy that! thanks

ES is at 1207.00 at this moment,
yesterday i was shorting these highs
too scared today let's wait a half hour or so.

hutong:

http://www.fx360.com/techAnalysis/chartPatterns.aspx

the open.

just scalped a half point, selling short.
a bloomberg trader said look to @NQ to lead the way, he was correct

flying to 1234

HappyFriday wrote:flying to 1234

flying to 2345?!
means Jack shit without TA or reason ffs

Dollar up, gold up, crude oil down, stock up. Something has to give.

U Mich Confidence survey comes out at 9:55am. somewhat key data for the day.

56.6 Expected
55.7 Previous

Honey...
SPX http://99ercharts.blogspot.com/2011/09/spx_16.html

Surf's up!

Petsamo wrote:The German DAX is very close to busting significant resistance but it doesn't wanna do it on its own. If we rally this morning before 11:30, it'll be because we're assisting the DAX bust resistance.



Note the double bottom.

Pet:
Everything will be fine then
Euro fixed, all germ problems over
hmmmmm
I really appreciate you posting DAX

The Euro is down filling the gap from yesterday's back test of resistance. One would think that this would put pressure on stocks today.