Cobra's Market View

First of all, yes, I'm fully aware that our server crashed several times last night and this only proves that I cannot simply increase the max connections limit. It's not as simple as just a number increase. So I've decreased the number to 400, hopefully to avoid the crash problem. Meanwhile, I've ordered a new server which is much powerful than our current one, and hopefully we could move to the new server in the Thanksgiving holiday. I'll notify you should I start the moving process.

Below is our new server settings. Yes, I know you could get much cheaper than that with other hosting services but quality is of the most importance so I decide to go with leaders, I cannot afford another trial and error. We're lucky as the server is on promotion so we've already saved $250 a month.
The new server is located in Washington DC because it has an direct exit to Europe so I think maybe it'll help our European friends as they're our other 10% besides Canada.

OK, let's see what's happening on the market. Big gap down below the Friday's low, so chances are the gap won't be filled. I don't believe that 100% Measured Move target though.

The Global ES is a clear step down, broke the 11/01 support then consolidated then another breakdown and now maybe it's a rebound to test that consolidation area after the breakdown before another attempt on the downside. I'm not sure if the market has more on the downside or simply it's bottomed, will have to wait and see. My feeling is, well, I couldn't find my feeling anywhere...

good morning~

Interesting article: "Precious Metals Charts Point to Higher Prices – Part II"

http://goo.gl/Mpm03

cobra I think the bearish tone is high pitch ... so I think we need some up days or capitulation is here ! ..oh your feelings... I saw them last time walking down the street ... .and were using google map to find the way... !!

Good Morning.

Gee honey, my shoulders are sore.
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_21.html

How about a back test?

Would to see your chart analysis on your bandwith. You should be able to predict it's next move and get short/long server space

Mmmm...that's nice. So what's the issue of the day?
ES http://99ercharts.blogspot.com/2011/11/es_21.html

To bounce or not to bounce.

GLTA.

Cobra,
GM. OT: any idea how much of the traffic is from spams?

GM Cobra!
Nice and thorough Market analysis!
Thanx!
Here is my QQQ (daily), which will open in the support zone ( green rectangle)

It's Monday. What do you want to do?
SPX http://99ercharts.blogspot.com/2011/11/spx_21.html

Let's go skiing!

60 Minutes conducted an interview with Christine Lagarde that aired yesterday. She makes some interesting comments on US exports to Europe, inter connected banking, and discrimination. (My observation of European expressions of discrimination are quite varied and permissible. In one Scandinavian country, some employers require their female employees to wear a red bracelet during the times of their monthly cycle.)

http://www.cbsnews.com/video/watch/?id= ... contentAux

Also check out the interview with sports agent Drew Rosenhaus (the character of Jerry Magquire was largely based on him). Very entertaining!

Good luck trading today.

FYI..Dorsey Wright Bull % charts turned to " 0" last fri.Never a good sign but lets see how this week goes.

GM,

This the first fighting line for today (Hourly chart )

pidge66 wrote:Cobra,
GM. OT: any idea how much of the traffic is from spams?

Did you load more short last Friday?

the open. way too stretched, so rebound should be.

Wow, you are such a nice snake. really appreciated.

Cobra wrote:First of all, yes, I'm fully aware that our server crashed several times last night and this only proves that I cannot simply increase the max connections limit. It's not as simple as just a number increase. So I've decreased the number to 400, hopefully to avoid the crash problem. Meanwhile, I've ordered a new server which is much powerful than our current one, and hopefully we could move to the new server in the Thanksgiving holiday. I'll notify you should I start the moving process.

Honey!
SPX http://99ercharts.blogspot.com/2011/11/spx_8039.html

Wait for me!

hard to believe... but fwiw... Red H&S Target 1145... if things get really ugly.... but 1190ish seems more reasonable

Dow important levels if goes up today (hourly )

pidge66 wrote:Cobra,
GM. OT: any idea how much of the traffic is from spams?

I don't think it's spam. Server crashed frequently after I set huge numbers, so got to be something related to my settings.