Cobra's Market View

Gap up but within yesterday's range so chances are the gap will be filled.

Global ES rebounds to test the previous support now resistance, let's see. If somehow the ES manages to test the previous highs around 1230 again, it's the 3rd touch, chances are we'll see a breakout.

pretty large downside move right now. there's a chance this market will open flat.

“Germany might postpone the EU Summit!” (Die Welt)

Good Morning.

So honey...how are our plans for Europe?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_20.html

Lookin' good (for today).

HI Cobra -- I am confused -- are you still saying the pullbacj should be 2 legged? Does that mean target of about 1190?

And the market?
ES http://99ercharts.blogspot.com/2011/10/es_20.html

Lookin' good (for bears). At least for today.

Morning Cobra and everyone! Today will be an interesting day, hopefully!

ramram wrote:HI Cobra -- I am confused -- are you still saying the pullbacj should be 2 legged? Does that mean target of about 1190?

it was testing the resistance, no breakout yet, so still the pullback should be 2 legged.

Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c

good morning Cobra and everyone.

Al_Dente wrote:Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c

morning al. did you get a chance to decipher much on the http://www.freestockcharts.com/? it looks pretty good.

cougar wrote:“Germany might postpone the EU Summit!” (Die Welt)

...and immediately reflected in the moves of QLD pre-market:

Morning All.

As mentioned yday, H&S on bidu is playing out nicely. Already down $3.70 pre market. Should be more to the 118 area at least.

WYNN daily gap at 121 so watch for that. AMZN 20 DMA at 229 ...break below means more weakness.

Will load up on ISRG on any pullback.

Liking a straddle play on NFLX . Looking for PCLN to break 479 for more down.

Liking CLB as a short under $100 . Liking Chubb Corp (CB) as a long for eranings. trading BWLD as a long above 60$

GLTA!

Two days ago I mentioned about Libya's social politics. Now Libya's National Transitional Council says Gadhafi dead. Watch on movement on oil companies. They will move back there to reopen business. Libya's the largest oil reserve in Africa and 9th largest in the world.
http://www.google.com/url?sa=t&rct=j&q= ... cdFZ2Uzupg
http://en.wikipedia.org/wiki/Oil_reserves_in_Libya

jarbo456 wrote:

Al_Dente wrote:Morning all
http://www.youtube.com/watch?v=-Aba0lVdE2c

morning al. did you get a chance to decipher much on the http://www.freestockcharts.com/? it looks pretty good.

5 min (spy just for test)
>add indicator
>volatility stop
then >v stop > edit (tweak it to 104/2.0)
still watching and studying, nothing 2 report yet

GM,
a look at financial, I use XLF as a talking point. see number noted on chart.
1. MA195/200 broke.
2. Sell signal triggered.
3. Sell confirmed.....well turned out to be a bear trap.
4. Retest broken trend line and double top at the same time.

My read, XLF is in short term consolidation phase, to be or not to be I will pay attention to break out or break down 12.97/12.26 zone. why this importance? I believe the move in financial will lead the tells of the future of SPX or the market in near future. What say you?

GreedyKojiro wrote:Two days ago I mentioned about Libya's social politics. Now Libya's National Transitional Council says Gadhafi dead. Watch on movement on oil companies. They will move back there to reopen business. Libya's the largest oil reserve in Africa and 9th largest in the world.
http://www.google.com/url?sa=t&rct=j&q= ... cdFZ2Uzupg
http://en.wikipedia.org/wiki/Oil_reserves_in_Libya

Just one inside information I want to disclose... I know we are day traders, but one of the factor investors are looking into oil companies is rig count when evaluating the value...

Anyone else just see that insane thrust into open? WTF?

Jesus that was insane open move....

Good morning all

Rumour driven market on the verge of collapsing lower

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