Cobra's Market View

Nothing going on now? I am taking off early today, I don't see any big move any time soon maybe before the close???

It looks like we could break out of this area...If so then looking for 1250area next stop.

DX
But honey, can we really afford Europe?
http://99ercharts.blogspot.com/2011/06/dx_23.html

KENA wrote:It looks like we could break out of this area...If so then looking for 1250area next stop.

spx? i project / hope for 1246 on /es. we r on the same page again.

They are quoting down volume at 90%, how does this impact your expected recovery play Cobra. Looks like they will continue down until Europe closes.

99er wrote:DX
But honey, can we really afford Europe?
http://99ercharts.blogspot.com/2011/06/dx_23.html

Close above 76.5 and game over, official uptrend...

Nice chart, but at the moment it's just wait and see, nothing tradeable:

KENA wrote:It looks like we could break out of this area...If so then looking for 1250area next stop.

agreed, I also got my bottom target at 123.88 per Fib extensions measurement, but that's that, I am just being cautious taking 80% off the table and now wait for another good re-entry. RSI is so low now, let the 20% on train still.

2nd rebound on it's way. I'm trying a tiny long.

Cobra..I just looked to see who is on line..Atendence is way up..Very very good.

99er wrote:DX
But honey, can we really afford Europe?
http://99ercharts.blogspot.com/2011/06/dx_23.html

Your charts are gr8, but for non TA person, need some analysis and what you see in them.
Thanks,

I see 4 clear waves since May 2 high. We are working on the 5th one down, today. I think we go down more tomorrow, into the weekend and then pop up on Monday.

we had a lot of cobra's 3 downs including EURUSD 5min

KENA wrote:Cobra..I just looked to see who is on line..Atendence is way up..Very very good.

Cobra must be making the big bucks right now, where is the snake?

Gold
Update.
http://99ercharts.blogspot.com/2011/06/gold_23.html

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_23.html

Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude_23.html

nop, it is not ETF

pidge66 wrote:

cc2265 wrote:contango still eating UNG, i am think short UNG this Sept with little more money

Does LNG falls under "natural gas" category? I have some in my IRA.

BullBear52x wrote:

KENA wrote:It looks like we could break out of this area...If so then looking for 1250area next stop.

agreed, I also got my bottom target at 123.88 per Fib extensions measurement, but that's that, I am just being cautious taking 80% off the table and now wait for another good re-entry. RSI is so low now, let the 20% on train still.

Yes..What is your time frame..I was thinking I would not be surprised to see 125.75 Later today/ttomorrow

tinted area as text book target. 80% chances.