Cobra's Market View

Well...that should do it.
SPX http://99ercharts.blogspot.com/2011/08/spx_4314.html

That does it for me. Have a great weekend!

First time I have charted the 24hr ES.....Interesting.

99er wrote:Well...that should do it.
SPX http://99ercharts.blogspot.com/2011/08/spx_4314.html

That does it for me. Have a great weekend!

what? everyone leave already? have a good one.
500$ more I'll be gone too, lets do it bears! 117 that's all I ask for this time

Cobra wrote:

Bencat wrote:

Cobra wrote:another rest here, should be, then more on the upside.

bulls seems to be stronger now!

don't underestimate the power of Cobra side, I said rest, it will rest...

The force is with Cobra!
QLD gives some signs of getting tired:

bull flag forming on SPY?

BullBear52x wrote:

ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.

120 SPY

There about.

I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.

multiple supports around here, let's see. I still think more up ahead.

Taking a rest from my workout and ckecking my 1 min line chart it looks like the rounded top could form a dome effect. If it forms then we will test the days low.But ,But and but again these domes usually fail.I find if they make to the 50% mark they have a 70% chance.Something to watch.Now back to work out.

Cobra wrote:

Bencat wrote:

Cobra wrote:another rest here, should be, then more on the upside.

bulls seems to be stronger now!

don't underestimate the power of Cobra side, I said rest, it will rest...

Good call, Cobra. Please make it higher and higher, thanks.

Staying in the forming triangle. Bulls expending a lot of firepower into the weekend. Hope we hit 119, so I can go short again. (Morning shorts got stopped out, dang it.)

waiting for pull-back. ERX peaked.

Attention East Coasters

WARNING: 130+ mph hurricane forecast to make landfall nearby NC nuke plant that’s only “built to withstand winds of 128 mph” — Could be a “once-in-50-year” event for Northeast

http://enenews.com/warning-130-mph-once ... of-128-mph

Be safe.

Hattrick wrote:

Cobra wrote:

Bencat wrote:

Cobra wrote:another rest here, should be, then more on the upside.

bulls seems to be stronger now!

don't underestimate the power of Cobra side, I said rest, it will rest...

Good call, Cobra. Please make it higher and higher, thanks.

your wish is granted.

New Bee Here!!! Thanks Cobra.
Target 119.2 today?

ddd wrote:

BullBear52x wrote:

ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.

120 SPY

There about.

I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.

at the moment short term trend is up, I would buy the Dip also, but the selling yesterday telling me that new recent high 120ish is needed to break out and confirm the further move, if not the counter trending trading is as good. that's just my thinking.

we have been on 0.20 range for the last hour LOL .. its getting boring..
so we close 119 looks liek

lunch time, will be back. I see Rectangle or Bull Flag here, so will continue higher.

splayer wrote:New Bee Here!!! Thanks Cobra.
Target 119.2 today?

welcome aboard.

hopefully reaching your target.

anyone playing gold. i got caught short and it seems that the s and p and gold are moving together now.

bottom chart is DBV, this chart tells me that liquidity is good, lots of cash out there which should favor bulls, I got spank last time with this gauge once so not to be totally trusted but good indication for carry trade.