Cobra's Market View

Small gap down within yesterday's range, so chances are the gap will be filled. The Global ES FEELS like bottomed as the last push was much slow. It's just a feeling, no hard evidences, anyway, as I mentioned in last night's report, rebound, if any, should be a sell, so let's see how this rebound goes, if indeed.

gm

IWM today:

1. Volpinacci has a new, down translated, MM scale.
2. On this scale, the bottom of the octave (0/8 = 78.13) has become a “must hold” support for today.
On the same scale, a minor support (1/8 = 78.52) seems to hold in pre-market ,with the help of “divine intervention”.

Good Morning.

Honey...reading your phrase book again?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_02.html
Come state?

Cobra Da: YM night low was -94, will be revisited?

ES
http://99ercharts.blogspot.com/2011/08/es_02.html
Non mi piace.

hey guys is it me or does the market feel like it's going in slow motion today? maybe after yesterday's crazy day... i bought a little at 1270, lets see if we can close to yesterday's close @ 1282.75.. resistance@ 1277.

cougar: Volpinacci

Ciao bello.

oldpigwang wrote:Cobra Da: YM night low was -94, will be revisited?

why not? take a look at daily chart. this kind of selling pressure cannot be stopped right away.

the open.

agnosia wrote:hey guys is it me or does the market feel like it's going in slow motion today? maybe after yesterday's crazy day... i bought a little at 1270, lets see if we can close to yesterday's close @ 1282.75.. resistance@ 1277.

yeah, my guess is a slow day too. The reason is I need go out for an hour or two, so kind hope a slow boring day.

still FEELs the low was in or very close as I see clear 3 push down and the most important of all, QQQ and IWM strong, so we shall see 2 legged up from here. Let's see...

On my Top Performers High Beta list, most stocks are down big...as indices are artificially pushed up!
Can that nonsense last?

Cobra wrote:
yeah, my guess is a slow day too. The reason is I need go out for an hour or two, so kind hope a slow boring day.

only fireworks i can think of is the vote passing, not sure when that is - so hopefully you will get what you want.

i just sold half of my position at 1277. other half i will sell @ gap fill then i am done

From Business Insider this morning.

Out of Bounds wrote:From Business Insider this morning.

Great chart

Thanks

not a bad start.

GM,
intraday Neg D before close yesterday didn't sell to new low, bears failed to carry on, so it's bulls turn now.

bought AAPL PUT. target $380 to close the gap.

guys, I have to go out for an hour or two, may try to update using 3G. See you then.

not much to say so far. still think the low was in. but feels like a slow day.