Cobra's Market View

gap down but since yesterday was a Major Distribution Day, so I think the gap is likely to be filled today plus the Global ES as well as the regular hour ES may have 3 push down already, so there're some chances of rebound here. I'm not sure, let's wait and see.

GM Cobra.

Start to read morning news.

GM. looks like gold is putting some kind of a top

Good Morning.

So honey...I've got a new idea.
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_6554.html

Skiing in Switzerland.

Good morning.

Skiing?
ES http://99ercharts.blogspot.com/2011/08/es_19.html

Downhill?

Moguls.
SPX http://99ercharts.blogspot.com/2011/08/spx_19.html

With air.

GM!
My SPX targets on the way down.
On chart, I removed the previous graphic elements, which are now superfluous…Staying only with the “shadows” of the Resistance Fan.
W5 targets are projected lower as Harmonic Fib Fractions of W1.

Is it possible a short-term "W" bottom? I know most of you agree long-tern down trend.
If yes, looks is close to the 2nd low. (08/08 counted as 1st low).
Still sell the rally?

Yes 99e …I told you I’ve done that... First, you take the chopper…These days you might get a ride with Bamby, who on the way might drop some $$$$, before you land on top of the Monte Rosa…and then…2000m down into Zermatt.

Guys, anyone trades with xtrends? they show off how big of a trades they have, looks like they have good month, too bad me and my friend used to be with them for over half a year, and lost more than 50% of my account, now looks like they are hunting for new victims

QQQ sliding to the $49.8-50 in pre-market. Chart later.

alvian33 wrote:GM. looks like gold is putting some kind of a top

Good morning, I am out of my shorts in stocks as of last night...too soon!
Think 1900 will be temporary top in gold? Would love some feedback.
Thanks,

Global ES is different from regular hour ES?

I woke up very early this morning, then for the first time I longed 1 ES at 1126.75 and closed it at 1134.25 .

Then I longed again 1 ES at 1127.50, now under water . Wait for Cobra's rebound

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

the open.

barbaragull wrote:Global ES is different from regular hour ES?

I woke up very early this morning, then for the first time I longed 1 ES at 1126.75 and closed it at 1134.25 .

Then I longed again 1 ES at 1127.50, now under water . Wait for Cobra's rebound

Closed it at 1132.75.

Now wait to short the pop

I am crying for my VIXY dumped at so low prices.

once we fill this gap, are we then heading down lower cobra?

Still have that lower gap that held as support. We might need to wait to fill that until next week.

check hpq. 22% drop.
eventually i got a bite. thanks to zerohedge