Cobra's Market View

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_03.html
Crude http://99ercharts.blogspot.com/2011/08/crude_03.html

L2 at EMA20, but I don't believe this L2 is short, the rebound might not be over yet. we'll see.

99er wrote:Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_03.html
Crude http://99ercharts.blogspot.com/2011/08/crude_03.html

Thx 99er, everyone looking at Gold and Silver, I look at copper for another corner of economy's health

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_03.html
Silver http://99ercharts.blogspot.com/2011/08/silver_03.html

Break outs both.

Cobra, do you think the bottom is in for today?

I'm out short but not buying in long just yet

if es fails to take 1248.75, we will see a consolidation in 1243-1248 area for a while.
i think the roller coaster is over.

dmid wrote:Cobra, do you think the bottom is in for today?

short-term bottom maybe. Need see how the morning low gets retested to confirm my guess.

I think a short term low is in today as I see a clear 5 wave rebound. There should be at least one more 5 wave up after consolidation here.

not a good looking bar, especially if it gets confirmed the next bar, then the revisit to the morning low shall begin.

sex addicted italian pm berlusconi is on!

http://www.zerohedge.com/news/watch-ber ... ament-live

Hi all, I just signed up for intra-day today, hope to start making regular comments here. Cobra has my favorite tech blog on the web, I sometimes post as Guest11235 in his after hours posts but would like to be active here during the day when I have time. anyway, thanks for letting me in Cobra, and than you for your awesome site.

@cougar,

thanks for your effort on the wave count but I'm not sure your labels are correct

Where you have your yellow 5 marked that would appear to be a three wave move or corrective, same thing on your purple 1 down, that does not appear to be a five wave move at various degrees of trend from what I can see and so I do not think the 1-2-3 count will prove correct, but time will tell

good luck to you

Not ringing a bulls bell, but no intraday Neg d, so new HOD will be challenge, a comfy bears selling at 200ma 1min chart that's all.

DX
Dollar gets a bid.
http://99ercharts.blogspot.com/2011/08/dx_03.html
And a MACD cross.

Cobra: short here?

anyone notice today's low is 1234.56? I cannot believe if it is co-incidant

I see a bull flag on 5min, should see how it evolves.

Long NFLX a few min ago. Lets see.

Dead end.
SPX http://99ercharts.blogspot.com/2011/08/spx_7873.html
U-turn.

KENA wrote:Long NFLX a few min ago. Lets see.

i got long nflx today. 251 was a great spot to buy but i obviously bought higher