Cobra's Market View

99er wrote:SPX bounce?
http://99ercharts.blogspot.com/2011/11/spx.html

Maybe at lower channel line of (gold) or (magenta), 1225 to 1235.

GLTA.

Thanks for your charts, 99er. Your call for channel surfing yesterday proved to be accurate. Your last name wouldn't happen to be Papandreou, would it?

Went long here, tight stop: SPX15.png I have a suspicion we gap up tomorrow, especially if we close at the lows. Tend to agree. At least we will see rally attempt into Wednesday and FOMC day. My guess now is lower high -- 1270-1280. And then down again into next week for lower low. Euro broke throu...

wayne0708 wrote:EUR/USD broke trend support at 1.39

I still have it at 1.391. But it is plunging. Below 1.39 this gets interesting.

Bond vigilantes are at Italy's front door. They're picking off one at a time and soon at France. Watch for more Japan Yen intervention like this AM. More fireworks coming from Japan. Their companies are taking a beating on strong Yen. New LOD on Euro. 1.39 will be very important today. Yes. Yen is ...

New LOD on Euro.

1.39 will be very important today.

OMG, gigantic hawk on my back patio table, stretched out both my arms very very wide to estimate wing span, devouring bird, can’t tell what kind of bird, head dangling off broken neck, feathers littering entire patio, NEVER saw that before, scary, hand holding coffee is shaking, quietly closed slid...

Good morning all. Not intending to do much today. I may take a small short if we hit 1300-1307 and the 78% Fib retracement.

Euro is holding onto 1.41 quite well so far. Is this confirmation of a breakout? I doubt it, but let the Euro tell the tale. If it can stay above 1.40, then OK.

Doji on the daily today?

StrikePrice wrote:Oh man I'm sad. I had to short...Praying this is a July 7 / July 8 end of week repeat.

I feel ya bro. Probably a reversal tomorrow. No idea if it will be enough to lift your spirits.

Is this a blow off top that quickly falls apart or the continuation of some major rally?

Mr. BachNut wrote:The May 2 high is only 6.4% away. We can be there by Monday at the rate we are going.

Or maybe even 36,000.

I hear the monasteries in Bhutan are very nice this time of year.

Mr.Miyagi: "Cryptic clues.. fun to decipher." Bearish Butterfly (gold) and a Wolfe Wave (purple) pointing down. Target is where the purple line meets the grey dotted one. Grrr... I actually can't see there the purple line meets the vertical grey dotted line since it's off the chart. But i...

I am trading extremely cautious at this point. :ugeek: :ugeek: :ugeek: Attention to this. :idea: Euro countries Spreads are not going down today. So bond traders are skeptical of the bail-out and are NOT buying this equity rally. :!: This can be the mother of all traps.... Thanks. I had been wonder...

Mr. BachNut wrote:TED spread just keeps on rising.

Thanks. TED is a bears best friend. Maybe their only friend these days...

heavenskrow wrote:guess where we just hit, we hit the trendline from OCT 5th low, and backtested and failed.

Excellent observation!. Thanks HK

Hey, Ultramarine! If you are there, you were asking last night about my trade ... and what I would do on a gap down. As I stated (and as I did this morning), I would wait to see whether the gap gets filled. NEVER panic at the open! Very important to wait at least 1/2 hour. Again, patience, patience...

99er wrote:Honey...what are you doing?

http://99ercharts.blogspot.com/2011/10/slowpoke.html

Reading the funnies.

Ah -- gold man-sacks!

I get so many pop ups I can't keep up . sign. you guys, i have nothing to say. :( I was trying to delay inevitable... I've tried my best... Maybe you could try ads that don't pop up. It's common for boards to have fixed ads on the banner or interspersed between comments. Pop ups are the worst form ...

SPY.short.study.png For comparison's sake, here's what was happening on the SPY 15 min chart. We had the crossover in the 10/20 ema in the 3 min and the 15 min chart throughout the day. But you can see that STO crossed below the 80 line right after the open and stayed there all day. The TZA chart w...

Hey, Ultramarine (if you are still there), Did you get into a short today? Was just wondering if you tried to use the stochastics approach. I personally bought TZA using stochastics, but I cheated and got in a little before it hit 20. Naturally, I would be interested in the details of your cheatin'...

Hey, Ultramarine (if you are still there), Did you get into a short today? Was just wondering if you tried to use the stochastics approach. I personally bought TZA using stochastics, but I cheated and got in a little before it hit 20. Naturally, I would be interested in the details of your cheatin'...