Cobra's Market View

Flat open, so any gap will be filled and usually the day after a Major Accumulation day tends to be a small range day, so perhaps not much to say today.

The Global ES is clear consolidation, so another breakout on the upside is just a matter of time.

Good Morning Boss, and all

Here’s how yesterday’s rally looked in the European ETFs
http://stockcharts.com/h-sc/ui?s=$SPX&p ... =249907215

Morning Cobra!

Just signed up last night

Al_Dente wrote:Good Morning Boss, and all

Here’s how yesterday’s rally looked in the European ETFs
http://stockcharts.com/h-sc/ui?s=$SPX&p ... =249907215

lets fill some gaps

Hm
it seems it needs two days to verify the card in paypal

noob wrote:Morning Cobra!

Just signed up last night

Thanks. Appreciate!

GM!
VIX had a negated bullish butterfly. It is now under the acceleration band (blue) and just above the MA envelope (67, yellow).
TVIX might be on the way to the 138% extension support = 43.

For both : no action right now! Waiting for clarity…

ES session range estimate is 1237-1257. The market rallied well above 1208-1218 resistance on news of central bank efforts to ease credit conditions. I am moving to the bullish side of the market in anticipation of a close tomorrow above last week's high at 1209. A rally from last week's low which matches the size of the October rally would bring the ES to 1370.

SPX: Bears have lost their opportunity ....Now thay will have to wait until next year ....

Now I am working with 2 patterns:

1. Triangle
2. Zig Zag

here the ZIG ZAG option +++

the open.

TWT wrote:SPX: Bears have lost their opportunity ....Now thay will have to wait until next year ....

Now I am working with 2 patterns:

1. Triangle
2. Zig Zag

You think you could take a look at Tradeyourwayout.com's assessment of the coming months/years? The YouTube version is here.

Cobra,

Help. I couldn't login using my desktop last night. This computer saves my status so would you please send me my password at Hutong9?

Thanks!

Let's see if I can be a dipster today.

Waiting to see..Right now my attitude is don't fight the FED.My trading today will be SPY but nothing big.Mkt trend is up.

Woo! Hoo! Dipster is working today...bought SPY $124.8 ealier...stop loss $124.50

Petsamo wrote:

TWT wrote:SPX: Bears have lost their opportunity ....Now thay will have to wait until next year ....

Now I am working with 2 patterns:

1. Triangle
2. Zig Zag

You think you could take a look at Tradeyourwayout.com's assessment of the coming months/years? The YouTube version is here.

I think that the bearish ideas will have to be postponed until January .......

yesterdays Comments from EU Commissioner for Economic and Financial Affairs -- (10 days and counting for EU to resolve or dissolve) One of the wisest comments I have heard is from Commissioner Rehn who said in a different speech, either the Euro takes care of the crisis, or the market will do it for them.
http://www.youtube.com/watch?v=xRHIiLrDHpE

I would place trades along the risk curve in conjunction with the calendar and the Cobra Evil Plan.

Game Theory would suggest the Euro has no upside for not resolving the Euro Crisis issue, however, just because the EU finance ministers must resolve it, doesnt automatically mean they will.
Living in Europe I understand full well the markets frustration in hearing all the lip service and very little action.
Next week" is a common phrase in everyday language -- almost as common as "investing for the long term".

I am hoping for the best, and preparing for the worst.

Good luck trading today.

By the way, watch the ISM number today. It may surprise to the upside.

viewer wrote:Cobra,

Help. I couldn't login using my desktop last night. This computer saves my status so would you please send me my password at Hutong9?

Thanks!

I cannot, I don't have your password. I can only reset your password. what's your ID at Hutong9?

viewer wrote:Cobra,

Help. I couldn't login using my desktop last night. This computer saves my status so would you please send me my password at Hutong9?

Thanks!

send me a email to [email protected], I need tell you the new password in case you do want me to reset your password.