Cobra's Market View

We got back to the triangle which was broken down. Do you still count with that?

SPX
That gap below simply beckons...
http://99ercharts.blogspot.com/2011/05/spx_20.html
My bet? Gap will get filled today.

99er wrote:SPX
That gap below simply beckons...
http://99ercharts.blogspot.com/2011/05/spx_20.html
My bet? Gap will get filled today.

WHY are u always bearish ?? i have never seen ANY upside targets from u. I always wonder....

AK84 wrote:

99er wrote:SPX
That gap below simply beckons...
http://99ercharts.blogspot.com/2011/05/spx_20.html
My bet? Gap will get filled today.

WHY are u always bearish ?? i have never seen ANY upside targets from u. I always wonder....

I always enjoy 99er's posts. You only have to look at his avatar on the right to know what you are going to get!

SPX
My bad. Make that two gaps to fill.
http://99ercharts.blogspot.com/2011/05/spx_8513.html

AK84: "WHY are u always bearish ??"

We're in a secular bear market.

I have always found 99er's work very helpful and thoughtful, and have seen his charts make both bullish and bearish calls. Most notably, when oil was recently at 115.00, his charts showed that it was going to test 95.00 in the near future. Great work, 99er!

Mr. BachNut: "I always enjoy 99er's posts."

Thanks. And you're right about the avatar.

JJL: "I have always found 99er's work very helpful and thoughtful"

Thanks.

Okay, folks...enough of the love fest. It takes both Bulls and Bears to make a market so it doesn't matter if you're right or wrong here; we all love charts.

99er wrote:SPX
My bad. Make that two gaps to fill.
http://99ercharts.blogspot.com/2011/05/spx_8513.html

Keep'em coming 99er, enjoy it.

Do you think we'll hit the top tl and then some first before your gap-fill? Sure looks like a formidable bull flag stated from the gap so far.

99er wrote:SPX
That gap below simply beckons...
http://99ercharts.blogspot.com/2011/05/spx_20.html
My bet? Gap will get filled today.

Wow, that's a bold prediction considering all those huge volume buyers that came in at 1330. They seem to disagree and these are big institutions.

Mr. Cobra,
I am Posting the updated hourly chart. I see the prices are bouncing within the descending channel by yellow and green lines?
The 1346 is just an estimate value where SPX could meet the upper resistance (yellow) line.

99er wrote:SPX
My bad. Make that two gaps to fill.
http://99ercharts.blogspot.com/2011/05/spx_8513.html

Hey 99er,
I liked your RUT chart yesterday. Do you have an update? Looks like we could be of the verge of a 3 of 3 of 3 of a (?) Minute 1 (?). That would means things would drop like a rock. (or things could still break to the upside?) What do ya think?

cletus: "Wow, that's a bold prediction..."

Not really. Channels work well and prices generally go up and down within them.

99er wrote:JJL: "I have always found 99er's work very helpful and thoughtful"

Thanks.

Okay, folks...enough of the love fest. It takes both Bulls and Bears to make a market so it doesn't matter if you're right or wrong here; we all love charts.

Yes, I really do love charts. And I too enjoy hearing both Bull and Bear calls. If nobody is Bearish it's probably 2000 all over again.

whatdoiknow:

Here's my count on the futures.

TF: http://99ercharts.blogspot.com/2011/05/tf.html

hopefully this is the start of the 3rd push up.

Cobra wrote:hopefully this is the start of the 3rd push up.

Cobra,

What are the green and pink lines again? I keep forgetting which one is AUDJPY and which one is the bond yield. They are currently both rising. What does that imply?

Thanks!

SPY on my favorite time-frame: 4hr.

I don't think we have to close above the red line today, but the bears still have a case until we do. Could gap over on Sunday night.
My rising trend line was the perfect buy point today so far.

99er wrote:whatdoiknow:

Here's my count on the futures.

TF: http://99ercharts.blogspot.com/2011/05/tf.html

Thanks 99er. Now comes the moment of truth. It either drops or breaks to the upside and I get stopped out of TZA.