Cobra's Market View

Gap up but within yesterday's range so the gap might be filled.

The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.

1267.06-1158.67=108.39; 1284.62-1202.37=84.25; 1333.47-1277.58=55.89; 1363.40-1335.92=27.48
108.39 > 84.25 > 55.89 > 27.48

1267.06-1202.37=64.69; 1284.62-1277.58=7.04; 1335.92-1333.47=2.45; 1363.81-1363.40=0.41
64.69 > 7.04 > 2.45 > 0.41

Cobra wrote:Gap up but within yesterday's range so the gap might be filled.

The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.

Another fun day on tap. I am going to buy the morning dip

There are 2 interdays running...

Richarab wrote:

Cobra wrote:Gap up but within yesterday's range so the gap might be filled.

The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.

Another fun day on tap. I am going to buy the morning dip

good luck finding one. BUY BUY BUY.

the open.

Incredible report last night Cobra. Closed shorts before close...not sure I am ready to buy the dip just yet although today is guaranteed green . Can't believe the bullish stats on a bearish engulfing candle.

SB73 wrote:Incredible report last night Cobra. Closed shorts before close...not sure I am ready to buy the dip just yet although today is guaranteed green . Can't believe the bullish stats on a bearish engulfing candle.

One other observation is that it appeared that most of the gaps were never filled. I am guessing today will be no different although I would love to see it.

Got my poison $137.50

/DX at support and turning up. GLTA jimme

Me XMan wrote:Got my poison $137.50

I assume short....interesting open with 3 straight topping tails on the5 min.

NOT MKT RELATED:

HOLY CRAP...Andrew Breibart dies last night at age 43! He was interviewed last night on the Hugh Hewitt show.

He's the guy who has been all over this administration and helped the young guys tape ACORN's illegal doings!

There will be conspiracy talk on this one!

Richarab wrote:

Cobra wrote:Gap up but within yesterday's range so the gap might be filled.

The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.

Another fun day on tap. I am going to buy the morning dip

This morning the dip is inverted... GLTA jimme

Got another $137.7 stop-loss $138.10

Me XMan wrote:Got my poison $137.50

Gap Filled ?

sold my CLF too early, 0.5% gain only

resistance. key time.

Call it TOP !
When people are talking AAPL is going to $2000 ...
What a joke !

With AAPL huge market cap, they better have Navy SEAL around to protect it.

HappyFriday wrote:Call it TOP !
When people are talking AAPL is going to $2000 ...
What a joke !

jimme wrote:

Richarab wrote:

Cobra wrote:Gap up but within yesterday's range so the gap might be filled.

The rebound on Global ES is the key move because it can be seen as a revisit to the previous high, so no failure is allowed, bulls must decisively break above yesterday's high otherwise either a double top or 1-2-3 trend change will be formed, bears shall then have their very first lower low.

Another fun day on tap. I am going to buy the morning dip

This morning the dip is inverted... GLTA jimme

I think he meant the morning dippy doo in AAPL --- yes AAPL went red for all of 10 minutes. Biggest market cap in the world and it trades like a penny stock!