Cobra's Market View

Euro
H&S?
http://99ercharts.blogspot.com/2011/02/euro_15.html

L3 short? Anybody, just wondering, I'm not good at this stuff.

Hi from Croatia

is it going to react like list time?
we will see

Congratulations to those L3 bears. It's a good setup, as far as I can see. Now we need see how the intraday low is tested.

Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

freshman wrote:Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

Formerly theplanet.com. It's a dedicated server as I have a few web sites some are not that small so a dedicated server is a must.

OK, anyone wants to bet a 2nd leg down for this small swing? Just wondering. The bigger picture as I said before: this doesn't look like a bear attack.

ewt is always right...if it goes UP or down

Cobra wrote:

freshman wrote:Hi Cobra, thanks for the forum. do you mind to let me know which web hosting service you are using for this board? I did not find a way to send you a private message. Sorry for posting this request to the whole thread. thanks again.

Formerly theplanet.com. It's a dedicated server as I have a few web sites some are not that small so a dedicated server is a must.

Thank you for your quick response. The speed is good that is why I was wondering. thanks again. appreciate it.

OK, chances are shorting the 2nd leg down is more likely a failure. Now the question is how far this rebound could go? Strong rebound from here then the day's low could be in.

“Strong rebound from here then the day's low could be in.” I hope so。

The rebound is not powerful, be careful of possible breakdown the trendline the back test the previous high before rolling over again. If so, this still is a range day, nothing interesting...

I think it is a range day. But 5 days gap down in a row should be something.

Testing range high. Bulls, cross finger...

Crude
Whee!
http://99ercharts.blogspot.com/2011/02/crude_15.html

alf wrote:I think it is a range day. But 5 days gap down in a row should be something.

No big down today then bulls may attack at least tomorrow morning. 5 cosecutive gap down days as bear are rare as bulls 5 consecutive gap up days. I won't expect the 6th gap down day tomorrow. If, however, indeed a 6th gap down day, then bulls won't be as lucky as today as today's gap fill is already much much harder than the previous 4 down gaps.

Cobra,will you bet the up gap tomorrow and then buy at today' close?

Nosorog wrote:ewt is always right...if it goes UP or down

looks like the up case........

Cobra wrote:

alf wrote:I think it is a range day. But 5 days gap down in a row should be something.

No big down today then bulls may attack at least tomorrow morning. 5 cosecutive gap down days as bear are rare as bulls 5 consecutive gap up days. I won't expect the 6th gap down day tomorrow. If, however, indeed a 6th gap down day, then bulls won't be as lucky as today as today's gap fill is already much much harder than the previous 4 down gaps.

This is exact what I worried about. Let's wait and see how it works out.