Cobra's Market View

I didn't like the first dip, it was kind of amateurish. I'm waiting for Nr. 2:

uempel wrote:I didn't like the first dip, it was kind of amateurish. I'm waiting for Nr. 2:

SPX2.png

I am looking at 118 like a hawk, a dip down below that watch out below.

EURUSD is right at the 200 MA (and down from yesterday). Trichet left rates unchanged -- thats one way to run a central bank and dry up liquidity.

BullBear52x wrote:

uempel wrote:I didn't like the first dip, it was kind of amateurish. I'm waiting for Nr. 2:

SPX2.png

I am looking at 118 like a hawk, a dip down below that watch out below.

Yeah, and I'll be going long somewhere around there...

Cobra wrote:well, that's true, any dip will be bought. I hope Helicopter and YES WE CAN's speech are really good...

like your new logo!

ChiOsc still very high.

SigmaEcho wrote:

Cobra wrote:well, that's true, any dip will be bought. I hope Helicopter and YES WE CAN's speech are really good...

like your new logo!

thanks, finally someone noticed.

personally, I don't think the stock market would go to a new all time high, just look at the gas price, you'll know since lots of people are unemployed.

Cobra I saw it in the webpage, which looks promising. I really like the overall design.

here's the gas price in Toronto area. To fill my mini van, I have to spend $100. That's really painful.

pay attention to the last year's same day price which was 1.01. The gas price increased 30%. Well, I know someone will point out that the provincial tax increased 7%, and that's why you'll elect this primer again this year?

I pay about 55 per tank here in California.

Cobra wrote:personally, I don't think the stock market would go to a new all time high, just look at the gas price, you'll know since lots of people are unemployed.

it's unfortunate we can't peg us/canadian gas to WTI prices and get a discount since it is quite a bit cheaper than the Brent one. Brent has it's own supply issues but we have plenty in north america. Refiners are making a killing on this spread, we consumers are taking a bath

Updates

Copper http://99ercharts.blogspot.com/2011/09/copper_08.html
Crude http://99ercharts.blogspot.com/2011/09/crude_08.html

Cobra wrote:

SigmaEcho wrote:

Cobra wrote:well, that's true, any dip will be bought. I hope Helicopter and YES WE CAN's speech are really good...

like your new logo!

thanks, finally someone noticed.

I remember voting this one out of 3

I see very importance sign development, /ES open interest dip below 1 today. a trade back up above 1230 (/ES) a new yearly high is most likely, sell now until it breaks up before back up a truck for the long side.

Updates

Gold http://99ercharts.blogspot.com/2011/09/gold_08.html
Silver http://99ercharts.blogspot.com/2011/09/silver_08.html

Yes, I look at the gas price every morning on my way to work, and think the gas price is around $4, don't people feel painful. That's about the only FA (out of all A's: TA, FA, PA) I do .

Cobra wrote:personally, I don't think the stock market would go to a new all time high, just look at the gas price, you'll know since lots of people are unemployed.

My BUY/SELL line in the sand, I must have too much of coffee today.

heads up nasdaq new highs.

Cup and Handle? 5min ES?