Cobra's Market View

Do you see any bull in this SPY (130min) chart?

Honey...
SPX http://99ercharts.blogspot.com/2011/08/spx_22.html

Is the car warmed up yet?

cougar

Are you seeing a truncated 5?

99er: big question...I personally do not...but some people do.

TZA 59.20 target? jmho

A complete retracement. wow.

target reached and gap filled but so far doesn't look the pullback is over.

sub 1120 area is good enough to cover shorts. love the volatility. 1 morning 20 points.
overnight 1111 is important. as i mentioned friday, es 1110 area is important. it did trigger short cover rally. now the characteristic of the chart is slightly different. i am expecting consolidation around 1120 area for couple hours. will jump back on the train once i figure out where it goes.

RUT
Update.
http://99ercharts.blogspot.com/2011/08/rut_22.html

Looks like it wants a fifth.

And for a different perspective...
AUDJPY http://99ercharts.blogspot.com/2011/08/audjpy_22.html

Bear Flag.

Low volume is bad!
A technically sloppy market is very bad!
But a technically sloppy market on low volume is the worst!!!

cougar wrote:Low volume is bad!
A technically sloppy market is very bad!
But a technically sloppy market on low volume is the worst!!!

there is chance we r going to have this kind of market until fridaymorning

grab some long. technically it is highly low. if go above 1126.75, a 123 could formed. my target is 1131-1132 for the 123 setup

Bored?

How about a rant?

http://market-ticker.org/akcs-www?post=192745

soku wrote:grab some long. technically it is highly low. if go above 1126.75, a 123 could formed. my target is 1131-1132 for the 123 setup

Good call, Soku.

soku wrote:grab some long. technically it is highly low. if go above 1126.75, a 123 could formed. my target is 1131-1132 for the 123 setup

so far so good. target reached already. 1135 area strong res. will see how es drive toward that area to determine my exit order.

Not posting charts, I'm very busy this environment is fun to trade. Regarding SPX: maybe the 1120 area will hold - the daily P&F chart shows strong support there. Should 1120 break the next support area is the yellow triangle on this chart, further downside would be likely:

European Liquidity...Not.

http://www.zerohedge.com/sites/default/ ... 7%20AM.png

http://www.zerohedge.com/news/european- ... -one-chart

If you believe the banks balance sheet, I've got a brigde to sell to ya.

99er wrote:Bored?

How about a rant?

http://market-ticker.org/akcs-www?post=192745

some fib info. not much to say.