Cobra's Market View

Small gap down, within yesterday's range, so likely the gap will be filled. FOMC announcement today so roller-coaster show after 2:15pm ET. The Global ES looks like a Bull Flag to me, so a little better chances it may continue higher sometime later if not now.
Institutional actions, looks impressive.

good morning

Cobra,

Given your extraordinary predictive powers for short term market moves, I'm curious if you would be willing to share your longer term outlook, at some point? Thanks for any thoughts.

Anaconda

Good Morning.

Coffee?
EURUSD http://99ercharts.blogspot.com/2011/06/eurusd_22.html
Double expresso, please.

Waitress?
ES http://99ercharts.blogspot.com/2011/06/es_4391.html
Is that a Wolfe in my cup?

Headlines:

*Today's S&P cycle turns are at 10:30 EST and 1:15 EST
*Today will be my last posts on Cobra's market forum. I will post any exits on the remaining trades. Mainly, this forum is more for charts than live trades.
*Bearish seasonality today. Last 4 months 0 for 4 positive with gains of -0.56% on average.

99er wrote:Good Morning.

Coffee?
EURUSD http://99ercharts.blogspot.com/2011/06/eurusd_22.html
Double expresso, please.

...perhaps Au lait, instead of ole?

The NYSEBP turned up only .50 on the past few days of the mkt.Befor a trend change it has to go up 6 points.I don't get to bullish until the BP gets over 1 to 1 1/2 points up then I really watch for a change.The last few days may be only a relief rally.The NYSI also started to turn up.If the mkt turns dn again we can loose these points in one dn day.I don't look for the mkt to turn yet.We may have more pain so I am on the bears side for now.Lets wait and see.Have good trading either up or dn.(yes I missed the up side trading yesterday I guess i have to pay more attention)

[quote="Cobra"]Small gap down, within yesterday's range, so likely the gap will be filled. FOMC announcement today so roller-coaster show after 2:15pm ET. The Global ES looks like a Bull Flag to me, so a little better chances it may continue higher sometime later if not now.

Is not it at 12.30 now? Thx

[quote="cletus"]Headlines:
*Today will be my last posts on Cobra's market forum. I will post any exits on the remaining trades. Mainly, this forum is more for charts than live trades..."

Cletus - are you going to a different board...?

gigeze787 wrote:

cletus wrote:Headlines:
*Today will be my last posts on Cobra's market forum. I will post any exits on the remaining trades. Mainly, this forum is more for charts than live trades..."

Cletus - are you going to a different board...?

No, I haven't found one. Actually I will be busy since I am starting my own business writing charting software. So I won't have much time for the boards!

GM, trend day I hope.

the open.

Anaconda wrote:Cobra,

Given your extraordinary predictive powers for short term market moves, I'm curious if you would be willing to share your longer term outlook, at some point? Thanks for any thoughts.

Anaconda

I have intermediate-term outlook in my daily report.

cletus wrote: No, I haven't found one. Actually I will be busy since I am starting my own business writing charting software. So I won't have much time for the boards!

Too bad you're to leave. Do come back whenever you have time. May the force be with you!

HK88 wrote: Is not it at 12.30 now? Thx

Right, it's 12:30 now and the 2:15pm is conference. thanks for reminding us!

Cobra wrote:

cletus wrote: No, I haven't found one. Actually I will be busy since I am starting my own business writing charting software. So I won't have much time for the boards!

Too bad you're to leave. Do come back whenever you have time. May the force be with you!

lol, thanks, the forum is good and many traders can benefit

hopefully people trade Cobra's many correct predictions!

Goldman's Take On Today's FOMC Meeting

http://www.businessinsider.com/goldman- ... une-2011-6

"In conclusion, don't expect much but some minor revisions to the Fed's outlook for 2011 and 2012."

cletus wrote:Headlines:

*Today's S&P cycle turns are at 10:30 EST and 1:15 EST
*Today will be my last posts on Cobra's market forum. I will post any exits on the remaining trades. Mainly, this forum is more for charts than live trades.
*Bearish seasonality today. Last 4 months 0 for 4 positive with gains of -0.56% on average.

Cletus, I hope you'll reconsider! There's nothing wrong with charts AND posting live trades. I'm sure there are others here besides me that really APPRECIATE your posts.

cletus

I also agree, I have respect for you for posting actual trades on this forum.