Cobra's Market View

Gap up, but within yesterday's range, plus usually any gap after a Major Distribution Day gets filled, so there're some chances the gap will be filled. I'm not sure as nowadays the market is no ordinary market at all. Technically speaking, the Global ES still looks like a Bear Flag, therefore NORMALLY, the overnight low will be revisited at least.

Cobra wrote:Gap up, but within yesterday's range, plus usually any gap after a Major Distribution Day gets filled, so there're some chances the gap will be filled. I'm not sure as nowadays the market is no ordinary market at all. Technically speaking, the Global ES still looks like a Bear Flag, therefore NORMALLY, the overnight low will be revisited at least.

cup and handle ES 15 mins?

Cobra Da: U mean the over night low of 1095/1080 will be retested?

fire

Good Morning.

So honey...what about St. Tropez?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd.html
But don't they ban shorts?

Why leave home?
ES http://99ercharts.blogspot.com/2011/08/es_09.html
We can go bottomless here.

Thanks Cobra!

I hope your wife will not mad at you for intraday watering.

catbear wrote:Thanks Cobra!

I hope your wife will not mad at you for intraday watering.

thanks. OK for now, no worry.

oldpigwang wrote:Cobra Da: U mean the over night low of 1095/1080 will be retested?

May or may not. Today or some other days. we'll have to wait and see.

Cobra, could tht be a cup and handle on the global ES?

SigmaEcho wrote:

Cobra wrote:Gap up, but within yesterday's range, plus usually any gap after a Major Distribution Day gets filled, so there're some chances the gap will be filled. I'm not sure as nowadays the market is no ordinary market at all. Technically speaking, the Global ES still looks like a Bear Flag, therefore NORMALLY, the overnight low will be revisited at least.

cup and handle ES 15 mins?

I won't read that way. but if you mean a very very small one, yes, it is.

Is it today or tomorrow to get the FOMC results?

today

the open. actually the regular hour chart doesn't look bad, could be a Double bottom in the forming. let's see.

Nuvolari wrote:today

Then I will probably just watch today. Now 98% in cash

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_09.html
Silver http://99ercharts.blogspot.com/2011/08/silver_09.html

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper_09.html
Crude http://99ercharts.blogspot.com/2011/08/crude_09.html

Hey Ben...
30Y http://99ercharts.blogspot.com/2011/08/30y_09.html
Go ahead. Make my day.

metals got slaughter.

gap filled, as long as no decisive breakdown, then bulls still have hopes, let's see.