Cobra's Market View

Posted: **Tue Sep 13, 2011 9:05 am**

Flat open, so any gap will be filled. The overnight ES doesn't look promising although recovered all the losses but the pullback was deep enough to form a price overlapping which NORMALLY is not a characteristics of a mad bull run.

Euro, if you look a little bit big picture, pretty much look like a Bear Flag, so I suspect there's further weakness ahead, the question is, with euro under pressure therefore US$ carry trade unwind, will the US stock market go high alone?

Posted: **Tue Sep 13, 2011 9:10 am**

Cobra wrote:Flat open, so any gap will be filled. The overnight ES doesn't look promising although recovered all the losses but the pullback was deep enough to form a price overlapping which NORMALLY is not a characteristics of a mad bull run.

1.png
Euro, if you look a little bit big picture, pretty much look like a Bear Flag, so I suspect there's further weakness ahead, the question is, with euro under pressure therefore US$ carry trade unwind, will the US stock market go high alone?

2.png

Just want to say how grateful many of us are to have you here, Cobra. Thanks!

Posted: **Tue Sep 13, 2011 9:11 am**

Good Morning.

Ugh. Ouzo and Moon Cakes don't mix.
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_13.html

Try Chianti instead?

Posted: **Tue Sep 13, 2011 9:12 am**

Honey...I need some fresh air.
ES http://99ercharts.blogspot.com/2011/09/es_13.html

How about a nice drive?

Posted: **Tue Sep 13, 2011 9:14 am**

Nice discussion last night, Cobra!

Posted: **Tue Sep 13, 2011 9:16 am**

cougar wrote:Nice discussion last night, Cobra!

Is there a discussion that Cobra has after-hours ... or are you referring to late afternoon comments on blog. I just want to make sure I'm not missing something good.

Posted: **Tue Sep 13, 2011 9:17 am**

$DXY needed a second breakout to stay bullish for a longer swing. Yesterday it failed and its attempt was not even registered on a 3LB chart.
Next move should be important.

Posted: **Tue Sep 13, 2011 9:17 am**

Morning everyone!

Thanks Cobra for everything! Cant stress it enough as to how grateful we all are!!

Posted: **Tue Sep 13, 2011 9:18 am**

So what does Dr. Copper suggest?
HG http://99ercharts.blogspot.com/2011/09/copper_13.html

Drive to the beach.

Posted: **Tue Sep 13, 2011 9:21 am**

Siemens (SI): oversold in a reversal zone.
As Siemens goes…so goes the DAX.

Posted: **Tue Sep 13, 2011 9:22 am**

Honey...know any Polish jokes?

(Reuters) - Treasury Secretary Timothy Geithner makes a one-day trip to Poland this week for an unprecedented meeting with euro zone finance ministers as growing fears of a potential Greek debt default rip into Europe's banking sector.

No but recently heard some about Timmay.

Posted: **Tue Sep 13, 2011 9:29 am**

seekingknowledge wrote:
Cobra wrote:Flat open, so any gap will be filled. The overnight ES doesn't look promising although recovered all the losses but the pullback was deep enough to form a price overlapping which NORMALLY is not a characteristics of a mad bull run.

1.png
Euro, if you look a little bit big picture, pretty much look like a Bear Flag, so I suspect there's further weakness ahead, the question is, with euro under pressure therefore US$ carry trade unwind, will the US stock market go high alone?

2.png
Just want to say how grateful many of us are to have you here, Cobra. Thanks!

Ditto, very grateful.

Posted: **Tue Sep 13, 2011 9:31 am**

99er wrote:Good Morning.

Ugh. Ouzo and Moon Cakes don't mix.
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_13.html

Try Chianti instead?

This Chianti seems to deliver a prompt headache...

Posted: **Tue Sep 13, 2011 9:31 am**

the open. I don't think this open can hold as it's way too stretched.

Posted: **Tue Sep 13, 2011 9:34 am**

3rd attempt at 90 for /cl over the past week and appears to have failed today. 89.05 gap was taken out so i am leaning consolidation here. if 88.19 gets taken out though i will look to get short. i imagine we will attempt the 90 roll after we get some inventory data tonight/tmrw. today will probably be a range day. good luck.

Posted: **Tue Sep 13, 2011 9:35 am**

Cobra wrote:Flat open, so any gap will be filled. The overnight ES doesn't look promising although recovered all the losses but the pullback was deep enough to form a price overlapping which NORMALLY is not a characteristics of a mad bull run.

1.png
Euro, if you look a little bit big picture, pretty much look like a Bear Flag, so I suspect there's further weakness ahead, the question is, with euro under pressure therefore US$ carry trade unwind, will the US stock market go high alone?

2.png

Thanks!!

Posted: **Tue Sep 13, 2011 9:36 am**

Cobra wrote:Flat open, so any gap will be filled. The overnight ES doesn't look promising although recovered all the losses but the pullback was deep enough to form a price overlapping which NORMALLY is not a characteristics of a mad bull run.

1.png
Euro, if you look a little bit big picture, pretty much look like a Bear Flag, so I suspect there's further weakness ahead, the question is, with euro under pressure therefore US$ carry trade unwind, will the US stock market go high alone?

2.png

Good morning

If one looks at the wild swings of the rumour driven pre-market (i.e. the joke again that China will buy Italian debt or that Sarkozy and Merkel will give a statement, which is promptly denied...) then I really ask myself if the equity market is still sane or whether it is better to follow the credit market with now 98% probability of a Greek default...

Posted: **Tue Sep 13, 2011 9:39 am**

Honey...start the car.
SPX http://99ercharts.blogspot.com/2011/09/spx_13.html

Let's have pierogis for breakfast.

http://en.wikipedia.org/wiki/Pierogi

Posted: **Tue Sep 13, 2011 9:40 am**

99er wrote:Honey...start the car.
SPX http://99ercharts.blogspot.com/2011/09/spx_13.html

Let's have pirogis for breakfast.

Posted: **Tue Sep 13, 2011 9:42 am**

GM, we should have opened at yesterday's low. very disappoint at bears

who is buying anyways?

Cobra's Market View

09/13/2011 Intraday Watering

09/13/2011 Intraday Watering

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