Cobra's Market View

EURUSD
"Honey? Can we stop at that scenic spot?"
http://99ercharts.blogspot.com/2011/06/eurusd_966.html
"There's a waterfall!"

soku wrote:

soku wrote:i see a flag forming and i'm expecting 1289.5
just sharing my view. no purpose of fighting against c

my target hit. i put in a trailing stop of 1.75

stopped out at 1289.5. i have to say the market is playing 'fair' by not giving me even a single penny.

PRI wrote:Cobra,
Any thoughts on IWM? Clearly the outperformer today. Recent pullback accompanied by a HUGE vol surge at 11:45.

big picture, still hard to say.

On your IWM chart -target would be near 83-84 again for making right shoulder over next 1 week

Cobra wrote:

PRI wrote:Cobra,
Any thoughts on IWM? Clearly the outperformer today. Recent pullback accompanied by a HUGE vol surge at 11:45.

big picture, still hard to say.

Thank You.
Also, I finally noticed the banners on the other site. I am so used to turning a blind eye to ads on all websites that
I didn't notice them. I started clicking away!

PRI wrote:

Cobra wrote:

PRI wrote:Cobra,
Any thoughts on IWM? Clearly the outperformer today. Recent pullback accompanied by a HUGE vol surge at 11:45.

big picture, still hard to say.

Thank You.
Also, I finally noticed the banners on the other site. I am so used to turning a blind eye to ads on all websites that
I didn't notice them. I started clicking away!

thanks.

i see a little problem here: green and pink, but overall the price pattern matters, so I'll assume there's more on the upside.

Also a possible inverted HS pattern forming......

If this is true neckline around 1295 or so - then left shoulder at 1280 - and right shoulder ( tomorrow 1280 ?? )

The pattern targets 1330 SPX if its playing out - hope for a red day tomorrow to test 1280 and then up again.

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_21.html
"Is that an Anaconda?"

Today's ramp in stocks, courtesy of the ES, was purely an attempt to force technical short covering at the 150 DMA which was just retaken, as was the April 18 swing low, as well as 1.44 on the EURUSD.

http://www.zerohedge.com/article/es-for ... isk-basket

is it a market manipulation? well i just need a ride, no intention for anything else

I cannot believe this is happening. not sure how the price react this. let's wait and see.

Gold
Update.
http://99ercharts.blogspot.com/2011/06/gold_21.html

Cobra wrote:I cannot believe this is happening. not sure how the price react this. let's wait and see.

Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude_21.html

soku: "is it a market manipulation?"

Gee. What are they trying to protect?

new up channel

99er wrote:Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_21.html
"Is that an Anaconda?"

....You rang?

Just signed in and saw your note. Very funny. I like silver short technically, fundamentally and behaviorally (sentiment). Let's see if our dear leader and his cronies permit the markets to be free...

hmm... i need a reminder of what the green and red lines are

UNG is breaking the first bull flag.

Did not trade the up mkt today but should have.I am full short now wait and see.