Cobra's Market View

Thanks for all the good wishes yesterday, I feel much better today, but still not sure if I can comment normally today. 90% chances I'd be totally OK tomorrow though.

Gap up HUGE but within yesterday's range, so not sure if the gap will be filled today. The Global ES doesn't look bad, bouncing from the support and now challenging the resistance. Let's see how open goes. So far this market behaves very resilient, making me almost give up the idea that it'd ever revisit the Aug 9 lows. I still cannot believe that the sell off we had is (was) just 2 legged but I'm very well prepared now.

Good Morning, laoda!

Glad to hear that you feel better now.

glad that you feel better now, all the best wishes

looks like we're going to retest 1190 for a double top?

Good Morning.

So honey...will it be an exciting day?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_29.html

Don't know. Let's ask some Europeans.

Honey...is risk on or off?
AUDJPY http://99ercharts.blogspot.com/2011/09/audjpy_29.html

Looks to be off.

So what shall we do?
ES http://99ercharts.blogspot.com/2011/09/es_29.html

Let's head for the beach.

GM Cobraaaa GM!!!!!!!!!!!

Glad to know you're feeling better !!!!

GM Cobraaaa GM!!!!!!!!!!!

Glad to know you're feeling better !!!!

OMFG, I F*CKIN HATE THIS VOLATILITY!!!!!

I LOVE IT 90 % chances you will be better tomorrow LOL cobra. nobody uses percentages except you genius in everything you say. your the man !!! SO happy you feel better

Cobra and everyone, good morning.

cobra when or what would change your mind that we won't revisit the august lows .?

My plan for today : Close Longs at hte open and keep my short. Wait for retrace at which point I will close shorts and chilllllllllllll for the rest of the week! Going out drinkingggg in the city tonight and trading hungover is no fun!

GL All GL!!!!!!

ES day session range estimate is 1138-1168. Yesterday's late weakness makes it likely that Tuesday's 1190 top will hold. I think the ES is now headed below its August low.

AK84 wrote:My plan for today : Close Longs at hte open and keep my short. Wait for retrace at which point I will close shorts and chilllllllllllll for the rest of the week! Going out drinkingggg in the city tonight and trading hungover is no fun!

GL All GL!!!!!!

Cobra, glad to hear you are feeling better.
Great Market Outlook from yesterday, too.

Would you please consider posting some of the "next day " stats prior to the close, (ISEE stats from yesterday).
It doesnt matter so much for me as I predominantly trade currencies and I can participate in the gap between markets, however, TVIX is going to open down almost 7% from yesterdays close and it seems some participants are trading that.
Just a thought.

thanks.

grachu wrote:cobra when or what would change your mind that we won't revisit the august lows .?

still need see chart pattern.

jump up and down around here day by day for another month would enough make this no longer look like a 3 legged down pattern.

up from here and up and up would enough to change everyone's mind.

the open, a little stretched, so could see a little pullback or consolidation first.

Bonds AND stocks gap up.... Which one is the liar? =]