Cobra's Market View

victorm wrote:

tradersu wrote:Any look at GOLD guys?

bought / sold several time today, succesfully, think to buy inverse at the end of the day...

I'm stuck with MGC @ 1637.5 ; details here - http://pitraders.wordpress.com/current-positions/ ; certainly a dumb trade.

Trying to guess the swing direction

Any look at GOLD guys?

If you view ALL your major index daily charts over the long term, and use 320sma [courtesy Bernie Schaeffer] and 377sma [courtesy Fibonacci] you may note that the MAs are either crossing or are near to crossing, which is a phenomena that appears only every few years…. $RUT is leading the cross, con...

@ Auole

It looks like BDI has no trading value..

Upper brown trend-line is still intact. Copper has dropped a bit. SPX should be next...

Absolutely no reason to get bullish here.

jamesmith wrote:URA...ETF for uranium, dropped after China halt nuclear plant program.

What happened to COPPER? Copper lease SPX ; so we'll drop nice within a week.

http://tradersu.homelinux.com/charts/FutDynaEoD.html (SPX, COPPER, DX, RUT)

I'm not liking RUT for my watchlist; what should I replace it with?

tradersu wrote:DX didn't find support. So most likely we are going higher. May be ES 1302

Uncle ben has turned hot-air balloon burner (DX) down and started it again; this should take balloon (SPX) higher. But be ready for a nice fall after burner is turned off.

DX didn't find support. So most likely we are going higher. May be ES 1302

99er wrote:For folks who doodle on weekends.

Here are eight of mine: http://99ercharts.blogspot.com/

Have a good one.

Nice charts. Silver is on steroid.

Can you please teach me if I should take ES short now and what should be the stop? Your target on C is 1226

Is DX at bear channel support? Or I'm forcing it?

Dollar Busy, Ben? http://99ercharts.blogspot.com/2011/03/dollar_18.html Yes - this is "the manipulation"... It's like $SPX is big HOT AIR BALLOON and $USD is THE BURNER; I can see that UncleB pointed it down and turned it ON, full-speed and balloon is not going up... so guess what'll happ...

My 2 cents. The dashed brown TL resistance is holding so far; nice place to short if you are a bear. SPX is holding at the expense of DX. I get a feeling that another leg is due and this ST bottom is somewhere in ~1220 range; This will be invalidated if DX continues to drop... We are going to gap w...

My 2 cents. The dashed brown TL resistance is holding so far; nice place to short if you are a bear.

SPX is holding at the expense of DX. I get a feeling that another leg is due and this ST bottom is somewhere in ~1220 range; This will be invalidated if DX continues to drop...

lqiantobe wrote:corba, do you know such kind of suddenly drop , is there another leg down follow through?

if headline on cnbc is right - we are going much lower buddy.

BEARs are good as long as it stays below 1282.5 ; below dashes brown line http://tradersu.homelinux.com/charts/monitor-es.php (updated TLs) Looks like we have too many dip buyers around - it is back in range; http://tradersu.homelinux.com/charts/es-tpo-30m.php (with market profile) - this looks bull...

Looks like she wants to go lower...

Any body follow this guy? http://www.youtube.com/watch?v=k7qNy9FwXpY

ES clearly flying below the bull channel (dashed blue). Long seems suicidal now...

ES stuck @ 38.2 fib. Looks like a good point to short...