Cobra's Market View

channel and EMA20 could be the pullback target but overall, the price doesn't look bad.

More important news:

Elizabeth Taylor dead at 79

RIP my girl.

uempel wrote:Knut died unexpectedly at the age of four on the afternoon of 19 March 2011.

http://en.wikipedia.org/wiki/Knut_(polar_bear)

JJL--
Based solely on the Wolfe Wave target of 12242, I could be bullish on the Nikkei. Everything fundamental indicates otherwise. But note that Shirakawa-san has already spent $385 billion to support this market (more than the estimated $308 billion cost of the earthquake and tsunami) and is likely prepared to print his way to more fiat insanity.

Nikkei Weekly: http://99ercharts.blogspot.com/2011/03/nikkei_7221.html

Thanks 99er, I saw that target of 12242. I thought there was a possiblility it would trace out to 61% (about 9700) and either retest or consilidate, which it sort of has been doing this week. I am more technical than fundamental, so could see some wild chase to 12K.

5 min breakout

Like I said this morning it looks like 1295 may be a new temporary hi. We have failed to break past this several times. So now we test the low. Right now I am bearish.Lets wait and see.

usd flexing it's atrophied sinew

OK, Bulls move over it's bears' turn....FAZ lets rock from here.

FAZ

BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.

Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet

zombiebraingoo wrote:

BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.

Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet

I just bet on breaks over 5dma on FAZ will give me some juice.

i smell open pastures..lol

Gold
Since we're on the subject of precious metals.
http://99ercharts.blogspot.com/2011/03/gold_23.html
Possible IH&S break-out.

99er wrote:Gold
Since we're on the subject of precious metals.
http://99ercharts.blogspot.com/2011/03/gold_23.html
Possible IH&S break-out.

very possible - this is where people should be looking before its too late - the rocket phase of the C wave is leaving and there wont be another spaceship taking off for a while...

BullBear52x wrote:

zombiebraingoo wrote:

BullBear52x wrote:OK, Bulls move over it's bears' turn....FAZ lets rock from here.

Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet

I just bet on breaks over 5dma on FAZ will give me some juice.

good day trade strat but I dont know if it will play today...

[quote="
Maybe - BKX is stuck at the flash crash lows to be sure but it isnt dropping below there as yet[/quote]
I just bet on breaks over 5dma on FAZ will give me some juice.[/quote]

good day trade strat but I dont know if it will play today...[/quote]
Thanks, got to stick with what I know.

Pick up SRS also, That's it. WIn or Lose. back in cash by the end of the day.

Channel. Nothing to say, trend is up, a strong uptrend day because it hasn't touched EMA20 for 2 hours.

usd had a healthy breakfast for a change! lol

Bear case, this could be the retest of the previous high (remember you Earth people always like to try twice?) so SPY may at least retest $130 area.