Cobra's Market View

Cobra wrote:

ultramarine wrote:Good morning. Great call on today's gap down Cobra.

A bounce seems likely here for a couple of days as the USDX approaches resistance near the 80 level.

thanks, not great call, I thought it would be sharp sharp gap down (so that I do something naughty which I always said we shouldn't do, unless you're smarter. I'm no smarter, but I sometimes pretend to be ).

Close enough. Anyway, your pretending to be smarter usually produces better results than my pretending to be smarter.

Looks like the ES buyers were camping out all night waiting to BUY BUY BUY.......

Let's have an all-day (3.5 hour) rally!

Occupied ES!

stucap wrote:Looks like the ES buyers were camping out all night waiting to BUY BUY BUY.......

very strong open. red line the resistance. I won't think blue line matters.

Honey?
SPX http://99ercharts.blogspot.com/2011/11/spx_25.html

Maybe we should just take the day off.

Quick article on Bespoke (free data) on past times the market was -2% leading to Friday and that Friday's performance. Positive day 6 out of 7

http://www.bespokeinvest.com/thinkbig/2 ... -ever.html

ClarkW wrote:Never want to see someone make a bad trade but admittedly makes me feel a little better even Master Cobra frontruns EVERY ONCE IN AWHILE. The mental side of trading is BY FAR the hardest piece for me!

Cobra wrote:

ultramarine wrote:Good morning. Great call on today's gap down Cobra.

A bounce seems likely here for a couple of days as the USDX approaches resistance near the 80 level.

thanks, not great call, I thought it would be sharp sharp gap down (so that I do something naughty which I always said we shouldn't do, unless you're smarter. I'm no smarter, but I sometimes pretend to be ).

occasionally, I do front run. You can read Q&A here, then you'd know: http://www.cobrasmarketview.com/you-see ... wn-report/, Just I won't make it public as such a front run to me is just a hedge.

Las bolsas dan un fuerte tirón al alza tras decir miembros de la desUE que se estaría valorando eliminar la intervención del sector privado desde el mecanismo de rescate.

Reuters citando fuentes propias, comenta que el nuevo gobierno español, está estudiando opciones financieras y no descarta pedir ayuda internacional.

Update

SPX http://99ercharts.blogspot.com/2011/11/spx_6534.html

Back test Bear Flag and crash.

1st resistance. a little consolidation here would be better for bulls.

Too early for intraday internals, but I wanted to post this as the DOLLAR is not exactly cooperating with this rally yet… please comment
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=OfuUlZdU ... re=related

Cobra wrote:the open.

I made some counts on the 10 Year US-Treasury Notes, if the pattern is verified, this is the LAST chance before a free-fall for equities, if it is violated, then good-night Euro

99er wrote:Update

SPX http://99ercharts.blogspot.com/2011/11/spx_6534.html

Back test Bear Flag and crash.

DAX (Dec 11): A Bottom looks promising

EOD print above the gap at 5555 = Bullish Island reversal

I don’t use P&F but for Point & Figure fans, here is a fresh one from the folks at stockcharts.com (Chip Anderson 11/23 blog) http://blogs.stockcharts.com/dont_ignor ... umber.html
If you can’t pull it up, here’s his bottom line: “Dow Testing P&F Trendline Support …if $INDU breaks the current blue uptrend line, it will be technically significant. 11300 is the number (11250 if you want to be conservative)”.

PS: IN HONOR OF THANKSGIVING I HAVE TURNED OFF BLOOMBERG, so please post any “real” news, thanks http://www.bloomberg.com/tv/

http://www.youtube.com/watch?v=xMtuVP8M ... re=related

Update SPX:

moreno wrote:Reuters citando fuentes propias, comenta que el nuevo gobierno español, está estudiando opciones financieras y no descarta pedir ayuda internacional.

Hola Moreno !!!!!!!

De donde eres ??

bounce?