Cobra's Market View

Cobra: "Why don't you open a new thread?"

Okay. Another weekend, another thread. Everyone should feel free to post any charts, thoughts, articles or videos that you find interesting and which may help us better understand the global markets. Please drop by often and feel perfectly at home when you do.

Hey 99er,
I'm hoping this weekend you will get a chance to post a short-term Crude chart, either here or on your page. I'd be interested to hear what you have to say about Crude. Volume has been trending down w/this up move, not sure how sustainable that is.

JJL:

Thanks for your interest in crude oil; I'll post a chart soon. Prices of various assets have been influenced by the USD and while many people believe that the Dollar will continue its descent into oblivion, I'm not so sure. On the weekly chart of DXY, you can see the near completion of a bullish Gartley Pattern: if valid, then we should anticipate a reversal soon, perhaps at the prior low if not before.

DXY: http://99ercharts.blogspot.com/2011/04/dxy.html

Crude

This asset, despite any turmoil is the Middle East, appears seriously overbought. The daily chart shows two Wolfe Wave targets, the first I would estimate at around $100 and the second at $79. Note that the current price level may be the head of a H&S pattern with the right side of the "head" to start almost immediately. This possibility is supported by the smaller WW where the apex of the lines is supposed to determine the "Estimated Time of Arrival."

/CL: http://99ercharts.blogspot.com/2011/04/crude_09.html

I hope this is worth a penny, here we go, We are seeing more and more of resistance level building up last week, so I concluded as follow:

1 Immediate term SPY will trade side ways to down.
2 the captain obvious support is sitting at .764 intersection with previous top of down trend line which is 131.68 the whole world is looking at this number, so? what is a chance of the whole world to get it right?
3 Down trend is confirmed, Buy the DIP is still on until 132 is broken.
4 potential of Island reversal is in the making if we gap down any time next week instead of trade down.

I got all the 4 charts for visualization. GL trading all.

FAZ/FASer

FAZ is now immediate BUY and Swing BUY.

TNX
Possible H&S on the daily chart
http://99ercharts.blogspot.com/2011/04/tnx.html
Equity sell-off ahead?

COMP
Tech looks tired. Very tired.
http://99ercharts.blogspot.com/2011/04/comp.html

VIX
Looks like an exciting week ahead.
http://99ercharts.blogspot.com/2011/04/vix.html
Enjoy the weekend.

Good Sunday morning! I had problem posting whole charts here so just gonna link it to my blog my two cents...
http://iloliway.blogspot.com/

(Reuters) - The upcoming earnings season may not be the time for investors to buy aggressively, because this year's winners already reflect earnings optimism.

http://www.reuters.com/article/2011/04/ ... 3I20110410

DaWay: "Good Sunday morning!"

Wow...nice charts. Certainly the most colorful I've ever seen. What software do you use that allows such flexibility? And does it have built-in methods like Elliott Wave or Harmonics? Thanks.

From Mish:

Icelandic Voters Reject "Icesave" Again, Effectively Telling UK and Netherlands Banks "Go to Hell"; Iceland's Common Sense Stance

http://globaleconomicanalysis.blogspot. ... again.html

99er wrote:DaWay: "Good Sunday morning!"

Wow...nice charts. Certainly the most colorful I've ever seen. What software do you use that allows such flexibility? And does it have built-in methods like Elliott Wave or Harmonics? Thanks.

99er: Thanks, I hope they have T/A values too, not just good looking. It's from FreeStockCharts.com, so it's free and anyone can use it to draw and be saved automatically. It has many built-in indicators, you can find out by register and use it. The other simpler one is from FuturesPros.com. They are all real-time when markets are trading, some delayed ones have remark saying so.