Cobra's Market View

Flat open, so any gap will be filled. The Global ES looks like a Bull Flag, and I don't see any bear strength on this 2 legged pullback so the chart doesn't look bearish to me yet. Plus we might have the 911 patriotic rally today.

Good morning.

bull flag on crude has broken... look out below.. gap 86.45 taken out usually means continuation to the downside.

On my chart ES is down by almost a percent, do you call it flat?

GM, Job bill

Good morning

The Euro plunges like a stone and what happens with GOLD?

down -2.5% in minutes...

http://img718.imageshack.us/img718/8449 ... lation.png

probably due to CME raising margin requirements...

it's the wild west out there, be careful

gap making chart, this one is from cobra chart book.

gabor wrote:On my chart ES is down by almost a percent, do you call it flat?

When I wrote the opening statement it was flat. But anyway, the Bull Flag is still valid.

Why does a business channel not mention the futures have dropped 1% in the last half hour...no explanation...they will tell us after the market closes today probably.

any news out there for this drop? I know Europe is going down again.

gabor wrote:On my chart ES is down by almost a percent, do you call it flat?

When Cobra posted the mkt was flat..In the last 5min the mkt took a dive.

Good Morning.

So honey...have you bought our tickets yet?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_09.html

They're getting cheaper by the hour.

Europe and European banks are the culprit. Some French banks have hit lower lows than the Lehman low.

KENA wrote:

gabor wrote:On my chart ES is down by almost a percent, do you call it flat?

When Cobra posted the mkt was flat..In the last 5min the mkt took a dive.

Oh yeah, I noticed! I was just joking, how quickly a statement can be out of date ...

So honey...how was TOTUS' speech?
ES http://99ercharts.blogspot.com/2011/09/es_09.html

Right Shoulder down.

Cobra wrote:Flat open, so any gap will be filled. The Global ES looks like a Bull Flag, and I don't see any bear strength on this 2 legged pullback so the chart doesn't look bearish to me yet. Plus we might have the 911 patriotic rally today.

Except this time we have an actual terrorist threat. It's a bit trickier this time -- would people want to hold stocks through the 911 weekend?

BullBear52x wrote:gap making chart, this one is from cobra chart book.

This looks like a H&S, doesn't it?

pidge66 wrote:

Cobra wrote:Flat open, so any gap will be filled. The Global ES looks like a Bull Flag, and I don't see any bear strength on this 2 legged pullback so the chart doesn't look bearish to me yet. Plus we might have the 911 patriotic rally today.

Except this time we have an actual terrorist threat. It's a bit trickier this time -- would people want to hold stocks through the 911 weekend?

Nothing going to happen, this time they just try to make a news out.

pidge66 wrote:

Cobra wrote:Flat open, so any gap will be filled. The Global ES looks like a Bull Flag, and I don't see any bear strength on this 2 legged pullback so the chart doesn't look bearish to me yet. Plus we might have the 911 patriotic rally today.

Except this time we have an actual terrorist threat. It's a bit trickier this time -- would people want to hold stocks through the 911 weekend?

What is the news, I do not know anything, what sort of threat?

gabor wrote:

KENA wrote:

gabor wrote:On my chart ES is down by almost a percent, do you call it flat?

When Cobra posted the mkt was flat..In the last 5min the mkt took a dive.

Oh yeah, I noticed! I was just joking, how quickly a statement can be out of date ...

janez wrote:

BullBear52x wrote:gap making chart, this one is from cobra chart book.

This looks like a H&S, doesn't it?

yes, more and more so