Cobra's Market View

Posted: **Wed May 04, 2011 11:21 am**

Cobra wrote:too bad, breakdown, consolidation then down, should be more on the downside, be careful.

TOOO BAD

Posted: **Wed May 04, 2011 11:23 am**

damn.. stopped out even. cobra where is your next support?

Posted: **Wed May 04, 2011 11:24 am**

IWM begging for Gap support to hold, Last stand for the little cap.

Posted: **Wed May 04, 2011 11:28 am**

Reliable chart is still on a buy signal, and short term there should be a bounce around 1340ish... If I go long at 1340 it will only be for DT.

Posted: **Wed May 04, 2011 11:32 am**

Just A Reuters Headline For Now

Breaking News: Treasury says roughly $2 trln debt limit increase needed to keep govt. operating through 2012: sources

Posted: **Wed May 04, 2011 11:32 am**

agnosia wrote:damn.. stopped out even. cobra where is your next support?

still fighting the support, but I believe the next support will be visited.

Posted: **Wed May 04, 2011 11:39 am**

thanks.. so that's /es 1336-38... will try a long if we get down to 1338 again.

Posted: **Wed May 04, 2011 11:44 am**

I think chances are high that the support will hold for awhile, we shall see a 2 legged rebound here.

Posted: **Wed May 04, 2011 11:45 am**

Crude
Whee!
http://99ercharts.blogspot.com/2011/05/crude_04.html

Posted: **Wed May 04, 2011 11:52 am**

Fear factor, then and now. see MACD hist.

Posted: **Wed May 04, 2011 11:54 am**

RUT
Whee!
http://99ercharts.blogspot.com/2011/05/rut_04.html

Posted: **Wed May 04, 2011 11:56 am**

trying long /es 1340...

Posted: **Wed May 04, 2011 11:59 am**

ES
Support at 1320.
http://99ercharts.blogspot.com/2011/05/es-zb.html

Posted: **Wed May 04, 2011 12:06 pm**

rebound as I said, now let's see if the first touch of EMA in 2 hours could be another sell opportunity, aka L2 short.

Posted: **Wed May 04, 2011 12:09 pm**

SPX
Back test complete.
http://99ercharts.blogspot.com/2011/05/spx_2513.html
Good luck, bulls.

Posted: **Wed May 04, 2011 12:13 pm**

Cobra wrote:rebound as I said, now let's see if the first touch of EMA in 2 hours could be another sell opportunity, aka L2 short.

yep i think so. i dumped my long at /es 1342. made a wopping 2 points today. woo-hoo... lol.

Posted: **Wed May 04, 2011 12:22 pm**

COMP
Looks like we have some gaps to fill, eh?
http://99ercharts.blogspot.com/2011/05/comp_04.html

Posted: **Wed May 04, 2011 12:24 pm**

retest the previous low, let's see how bulls defend here.

Posted: **Wed May 04, 2011 12:33 pm**

The longer the market is hovering at 1342/44 the less I believe in a strong rebound:

Posted: **Wed May 04, 2011 12:40 pm**

Bulls are coming out when SPX below 1300.

Cobra wrote:retest the previous low, let's see how bulls defend here.

Cobra's Market View

05/04/2011 Intraday Watering

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