Cobra's Market View

Gap up above yesterday's high so chances are the gap won't be filled.

The Global ES, I don't insist that this is a revisit of the 11/03 highs now (although still possible), but still pretty much looks like a revisit of the 10/27 highs before rollover, because the push up overlaps, could be a bearish Rising Wedge in the forming. If you don't understand what I'm trying to say here, just look at how straight it was when ES rose from 10/26 lows to 10/27 highs and compare to that of now, which obviously is a zigzag up. The push up this time is much weaker so that's why I suspect this is just a revisit of the previous highs.

apparently the Pap man is going to head the government in Greece (again?)...buy buy buy EUR.

jarbo456 wrote:apparently the Pap man is going to head the government in Greece (again?)...buy buy buy EUR.

which is a prelude to : bye bye bye EUR

Good Morning.

So honey...reading the funnies again?
http://99ercharts.blogspot.com/2011/11/piigs.html

You betcha.

Good morning!
SPY whipsaw:

Honey...this is funny too.
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_08.html

Different Pap. This one will cede to Northern Europe which probably means he does not last long and yeah bye bye Euro.

Tuesday commentary and I actually have some good news to report.

http://atruecontrarian.blogspot.com/201 ... ber-8.html

99er wrote:Honey...this is funny too.
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_08.html

you switching sides? bullish now?

SPY: some levels that I watch

So what are we doing today?
ES http://99ercharts.blogspot.com/2011/11/es_08.html

Wanna go surfing?

Actually L-Pap will try to implement austerity but Greeks people may revolt once they actual feel the pinch.
L-Pap is a lap dog IMO.

bushwaffle wrote:

jarbo456 wrote:apparently the Pap man is going to head the government in Greece (again?)...buy buy buy EUR.

which is a prelude to : bye bye bye EUR

Surfing?
NQ http://99ercharts.blogspot.com/2011/11/nq_08.html

Geez. A monster wave?

us equity futures don't seem to be following the euro higher...hmmmm

SPY after hours and in pre-market:

Maybe sell the news?

jarbo456 wrote:us equity futures don't seem to be following the euro higher...hmmmm

jarbo456

Just considering the possibilities. Still bearish over all.

Cobra: Agree. We need 2-3 days to have spx daily STO reach top, then its time for it to roll down.
OE play and Nov deficite celing will not be mkt friendly.

99er wrote:jarbo456

Just considering the possibilities. Still bearish over all.

thanks man. not overly concerned until EUR/USD breaks above 1.385 - which is close.

The Nikkei & Hang Seng dropped their markets from their open; India stayed flat. So, how come Europe is so excited? Europe closes one hour after US starts trading ...

Good morning!
SPY whipsaw: