Cobra's Market View

Small gap up within yesterday's range, so the gap will be filled. Besides, any gap after a Major Distribution day usually gets filled and the day more likely a small range day. The Global ES seems like a Bear Flag to me, so chances are it will breakdown eventually.

Cobra Da: will YM night low 11770 be revisited today? which is -80 from current reading (+47).

Good Morning.

Honey? Is your neckline still sore?
ES http://99ercharts.blogspot.com/2011/08/es_03.html
How about a back test?

oldpigwang wrote:Cobra Da: will YM night low 11770 be revisited today? which is -80 from current reading (+47).

not sure if today, but will.

Thanks but I'd prefer an expresso please.
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_03.html
A double.

SPX down on w3 of W3.
SPX broke FOR THE FIRST TIME the famous 1x1 Gann line, originated at the Mar 06 2009 low.

99er wrote:Good Morning.

Honey? Is your neckline still sore?
ES http://99ercharts.blogspot.com/2011/08/es_03.html
How about a back test?

I would love to meet your honey some day ! You treat her soooo welll!! Taking her to the Alps, giving her a back rub, trips to Paris, etc. What a lucky girl !

FYI...YES the NYSEBP turned to dn trend so now expect the trend to continue for a few weeks maybe thru SEPT..Lets wait and see..The last trend change to up only lasted less then a month this was the first time the change to up was so short.A change in trend takes 6% so that is the important number.Anyway lets get in on this up move today but be prepared for a reversal in maybe 2-3 days. Wewill see.

SI (Siemens), a DAX sentiment thermometer, is now at a “must hold” support….

what are the targets to today on SPX anyone ?

trying to get out of my SSO longs I bought yesterday @ close and having a hard time trying to figure out at what SPX level I need to get out. My chart is confusinggg meee....too many trendlines and too many averages.....too much going on . haha!!!
Thanks.

the open.

RIMM is flying today, no idea why

Look at that drop on the VIX....... what's up with that?

AK84 wrote:

99er wrote:Good Morning.

Honey? Is your neckline still sore?
ES http://99ercharts.blogspot.com/2011/08/es_03.html
How about a back test?

I would love to meet your honey some day ! You treat her soooo welll!! Taking her to the Alps, giving her a back rub, trips to Paris, etc. What a lucky girl !

its daaaa cyber hunnniieeeeeeeeeeeee

She lives life in the fast lane...
SPX http://99ercharts.blogspot.com/2011/08/spx_03.html
And she can't drive a stick!

davros wrote:RIMM is flying today, no idea why

i heard last night that rimm will be releasing the new bold in 2 weeks, this data came from a key employee in waterloo ontario. take it to the bank. thanks everyone especially cobra for all the hard work

hiram

out of SPY CALL. taking some loss. maybe another 100 point drop on $SPX. not risking it. That's is for today. Good trading.

Imo, after a major distribution day, the market the next day will continue its downtrend; possibly a lower low in the AM. Then, the stock market is followed by all kinds of choppiness with direction sideways to up. With the breadth at 1.79 today, We might test 1260 on the /ES if we drift up there.

my line of defense remains at 1246 even tho overnight low was 1244.25
waiting for 10:00 data. if bad, ...

nothing to say, usually the fastest rebound pattern would go like this, we'll see.