Cobra's Market View

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs. Government job cuts at the city level as well. And at the county and state levels too. "Green sh...

99er wrote:/ES
This back test of the rising trend line, if successful, could be an Elliott Wave 1-2, 1-2 count.
http://99ercharts.blogspot.com/2011/03/es_7654.html
A one, a two and a one, two, three...
Whee!

Here is what I watch for Traingle in hourly. 1m intraday play.

Buy, market wants to go higher.

Market mood right now neutral to negative.

morning,

sideways action until new moon Friday and take a turn down to 127? then bounce back higher? many many questions?????

predict Gap up on FXP tomorrow

Thanks Cobra, I know I didn't say thanks enough.

GL trading today I am done for now.

Bulls got knock back down again.

buyers coming in but Vix above 19 still lots of fears out there.

having tea and listen to "80 soft rocks, lots of green shoot in my short ETFs.

This is not good sign for Longs. look at transportation WOW!

SOX looks sellable again today. MU is insight today and the usual INTC

good morning

SPY is not so healthy here, 1m chart with ThinkAI
I think I am over posted here today. break time!

Cobra wrote:I'll assume the rebound here would fail.

$TICKQ is positive now, let see if Nasdaq and the Tech can pull the weight to the up side from here.

Qs and Transportations is breaking down also !!!!

IWM intraday bear flag break down!!! heads up longs.

TheGift wrote:And much more POMO coming.

agree, that's why I throw out all my long time frame chart and stick to 1m and 1h chart, daily is useless almost. GL

I say we see the HI for the week, just kidding... we are heading lower, $TICK and $TICKQ and $VIX said so.

side note: Put INTC on your screen, this baby gonna rock, down? likely.

good morning,

Lets roll the dice.....either direction I got both hats on today. VIX closed Friday favored Bear according to my short time frame, but the power that be decides what's on the plate today