Cobra's Market View

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Gap up within yesterday's range, so chances are the gap will be filled.

Nothing to say on Global ES, other than the feeling is this rebound has legs, we'll see.

Well, the big FB IPO is only days away. How much of a POP in the market do you guess it will create?

Cobra, do you have a link to your most detailed post about that 6.5% yearly decline since 2000?

Thanks.

Rebound as was expected

DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear

PGM wrote:Cobra, do you have a link to your most detailed post about that 6.5% yearly decline since 2000?

Thanks.

Only one chart and I showed you in the last night report. That is all.

Not always 6.5% decline, it's 6.5% swing, i.e. could be either direction.

KeiZai wrote:Rebound as was expected

Were you 100%+ long?

the open.

SWalsh wrote:

KeiZai wrote:Rebound as was expected

Were you 100%+ long?

viewtopic.php?f=2&t=545&p=75463#p75463

goog could be ascending triangle: http://stockcharts.com/public/1684859/c ... /265018963;

Cobra wrote:DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear

I had to get up very early today: DAX bounced at support 6300 at about 3:30 am 6300 looks good, should hold for the next few days. Support further down is at 5900 (minus another 7 percent). FYI: I started to play DAX a few weeks ago, I like the volatility. A real rollercoaster.

Short.
Letting profit run but stop lowered from yesterday's level.
Market is oversold and ripe for a bounce, which would close me out.
Plunges can occur from these conditions too, however.
So, we'll just have to see what Mr. Market brings.

Looks like GOOG may be breaking out today.

it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.

Cobra wrote:it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.

How HUGH would you guess? 136?

TraderJoe wrote:

Cobra wrote:it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.

How HUGH would you guess? 136?

wait until 10am ET then I might give you a 60% chances target, could be 1345.75 for ES or 135.08 for SPY.

60% chances, target SPY 135.18 or ES 1346.25.

For the US$ …an unexpected visitor: a Gartley bearish butterfly. Someone might try to stop $DXY from climbing:

BTW my long term target for silver was hit today (27) but I feel that after rebound there is more to come so not going LT long yet to target 3

Cobra wrote:60% chances, target SPY 135.18 or ES 1346.25.

Thanks!!