Cobra's Market View

so far the rebound is overlap in nature, so the fighting between bulls and bears are not over yet although I'm very very disappointed in bears so far.

Cobra wrote:so far the rebound is overlap in nature, so the fighting between bulls and bears are not over yet although I'm very very disappointed in bears so far.

Hi Cobra,
recently the start of a new trend has been weak,
like the bear on March 9 and the bull on March 17

I am thinking that we are repeating here...

channel.

Good afternoon!... so far todays decline is expected. Very short term, however, i just went long for a bounce here!

maldini wrote:

Cobra wrote:so far the rebound is overlap in nature, so the fighting between bulls and bears are not over yet although I'm very very disappointed in bears so far.

Hi Cobra,
recently the start of a new trend has been weak,
like the bear on March 9 and the bull on March 17

I am thinking that we are repeating here...

Yes, that's why I still didn't give up hope on bears.

Again, very short term,looking for 133.37 exit...

koolblue wrote:Again, very short term,looking for 133.37 exit...

you think we will get that today ?
I hope so

/ES
Update.
http://99ercharts.blogspot.com/2011/04/es_915.html

Cobra wrote:channel.

Hi Cobra and fellow traders, great board here, I second the other poster earlier, this is going to be loved by traders and students all over. I certainly enjoy the 'companion', as we all know individual trading is very lonely business.

I have a ES CHANNEL too. My two cents for the IT turn maybe: Bull/Bear channel with lines self-explanatory on closed price basis. I am not showing ANY indicators...cause so many great chartists around already, price only for me. Thank you again for the board.

AK84 wrote:

koolblue wrote:Again, very short term,looking for 133.37 exit...

you think we will get that today ?
I hope so

..very short term initial move from the low we just made 132.95 to 133.21=.26 and 1.618x.26=.42,which added to the start of the move =133.37

still on channel support.
and I also saw MA support here.

the problem is still ChiOsc too high, so I kind think the market may continue down from here.

DaWay wrote:

Cobra wrote:channel.

Hi Cobra and fellow traders, great board here, I second the other poster earlier, this is going to be loved by traders and students all over. I certainly enjoy the 'companion', as we all know individual trading is very lonely business.

I have a ES CHANNEL too. My two cents for the IT turn maybe: Bull/Bear channel with lines self-explanatory on closed price basis. I am not showing ANY indicators...cause so many great chartists around already, price only for me. Thank you again for the board.

Thanks. kind hope this intraday thing could change our lonely trading life.

The beauty of this little intraday long i have is any touch of 132.94 and im out, so i have very little risk here

another selling in the work

kiss of my lower trendline at 132.97.. now hoping for a rebound to 133.37 about 40 min from now..?

Cobra wrote:the problem is still ChiOsc too high, so I kind think the market may continue down from here.

Cobra: I also noticed ChiOsc doesn't respond to sudden drop (spike down) well, I think it's because of ChiOsc its (3, 10) smooth factor
now the high level could be a delayed reaction to yesterday afternoon and this morning's buying.

Isarel going to war?

BullBear52x wrote:another selling in the work

Financials have made new lows for the day.

the cycle says when... hopefully!...