Cobra's Market View

Gap up within yesterday's range, plus most gap (up or down) the day after a Major Distribution Day gets filled, so maybe the gap will be filled. Not sure, I'm still scared of sharp reversals.

Nothing to say on Global ES, other than it rebounded to test the resistance, so for now the bias is a little bit on the downside.

morning cobra, you mean major distribution day

1. EURUSD hourly: Price bounces up and down between the Support 1.3407 and Resistance 1.3567 to form a range trading. For the latest 3 days bull has holding well above the support 1.3407. Bull can expect a positive day when price has crossed up through the MA50 to head to 1.3567.

2. SPX daily may find the short term support at a convergence of MA50 and Fib38.2 (1,205.60-1,209.60). Considering this is a combination support plus 2 big red days in a row which make the SPX hourly very oversold and therefore may due for a rebound day.
Pay our attention to a fact that from Oct 27 (the interim top day and the beginning day of a down channel limited by pink lines) all the rebounds from the lower end or from the middle line of the channel enjoyed 2 days alive.

alvian33 wrote:morning cobra, you mean major distribution day

yes, thanks.

anyone had problem connecting our site last night?

Cobra wrote:anyone had problem connecting our site last night?

yep. panic in europe!

Cobra wrote:Gap up within yesterday's range, plus most gap (up or down) the day after a Major Distribution Day gets filled, so maybe the gap will be filled. Not sure, I'm still scared of sharp reversals.

Nothing to say on Global ES, other than it rebounded to test the resistance, so for now the bias is a little bit on the downside.

ES looks like perfect backtest of broken wedge line

Morning All: It appears that our crisis du jour may be Greece, Italy, Spain…
(NOW European yields are declining, per bloombrg)

These would be the bonds to watch (linked courtesy champix, jarbo and dcurban)
Italy http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
Greece http://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND
Spain http://www.bloomberg.com/apps/quote?ticker=GSPG10YR:IND

To put those bond yields in perspective, glance at a “normal” bond, Germany
http://www.bloomberg.com/apps/quote?ticker=GDBR10:IND

“You can observe a lot just by watching. “ [Yogi Berra]

Good Morning.

So honey, it's the weekend. Should we rent a movie?
http://99ercharts.blogspot.com/2011/11/ ... -itch.html

How 'bout The Seven Year Itch eh?

TGIF and GLTA.

GM!
Here is the buck by night, after intervention #3:

Oh honey...
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_18.html

Can't we go skiing again?

99er wrote:Good Morning. So honey, it's the weekend. Should we rent a movie?
http://99ercharts.blogspot.com/2011/11/ ... -itch.html
How 'bout The Seven Year Itch eh? TGIF and GLTA.

morning 99er...double check see if that link works....maybe just me

SigmaEcho wrote:

Cobra wrote:anyone had problem connecting our site last night?

yep. panic in europe!

No everything was fine, still have to try two or three times to "log-in" and still cannot open "cobrav.com" on GoogleChrome so I have to get on Explorer that I find slower....

Skiing?
ES http://99ercharts.blogspot.com/2011/11/es_18.html

Looks like a moguls kind of day.

Yeah. May be a mogul even...
BKX http://99ercharts.blogspot.com/2011/11/bkx_18.html

Just to begin the day.

$DXY hit yesterday the resistance zone for the third time and dropped again:

ES Globex : we have the overlap

Then it is a corrective 3-wave down leg

Then maybe we got a wedge in progress

Cobra wrote:anyone had problem connecting our site last night?

Yeah, I could not log in this website and HT9.

EFA wrote:

SigmaEcho wrote:

Cobra wrote:anyone had problem connecting our site last night?

yep. panic in europe!

No everything was fine, still have to try two or three times to "log-in" and still cannot open "cobrav.com" on GoogleChrome so I have to get on Explorer that I find slower....

no problem on cobrav.com, I think you need clear cache in your Chrome.

try 2 to 3 times to login? I don't see others report the same problem, maybe you need clear cookie?

CH37 wrote:

Cobra wrote:anyone had problem connecting our site last night?

Yeah, I could not log in this website and HT9.

from when to when?