Cobra's Market View

Gap down below yesterday's range so there're some chances the gap won't be filled today.

The Global ES may look like a breakdown of a primary bull trend line then kiss the line goodbye but so far the pullback looks like a bull flag. So the bottom line, if the drop is reluctant not sharp, it's bull flag therefore it's a buy. Rarely a push up we had in the past 7 days is just 1 legged.

Cobra your funny thanks for making smile . you are the man. What level would it make it sharp? what level?

Morning Cobra and all.

Is this a buy signal? I take it we would have to try and test highs again or at least consolidate in the high region (1210-1215)before we decide whether to turn down. Therefore up I guess

Good morning!
UPRO: a possible opening under 54 would be “bearish”.
Would that be an “island reversal”?
==============
I am out of UPRO. I use it only because it moves well, reflecting basically SPY + some sentiment bias, particularly in vol. fluctuations.

My levels for SPY (update)

TOP !!

QQQ ready for a drop, after touching the 6/8

Update

ES http://99ercharts.blogspot.com/2011/10/es_13.html

Fundamentally, today is a red day so keep that in mind.

hey guys. crude is trying to kiss the 3 day rising channel goodbye .. it's near 84.77. we have good support at 84 but if that breaks today look for 82.98 gap or 82.20 (38% retrace).. if we get a good inventory report we could break right through to the 85.57 close from yesterday. good luck.

Updates

AUDJPY http://99ercharts.blogspot.com/2011/10/audjpy_13.html
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_13.html

VIX will reenter the game.
Lots of Nov. calls were bought yesterday, during the last hour.

Morning All.

Game plan for AAPL. Short at open ...will stay below 406. Test 396 at which point im out of the Day trade . Then we'll see.


Cobra. I see Futures down only 4 points....why would u say big gap down and wont b filled ? seems small to me .

Updates

Copper http://99ercharts.blogspot.com/2011/10/copper_13.html
Crude http://99ercharts.blogspot.com/2011/10/crude_13.html
30-Year http://99ercharts.blogspot.com/2011/10/30y_13.html

Updates

Gold http://99ercharts.blogspot.com/2011/10/gold_13.html
Silver http://99ercharts.blogspot.com/2011/10/silver_13.html

GLTA.

the open. too stretched. by the way, I may have network problem today, so if you lose my voice here, just don't miss me although I know you will.

msbinter wrote:TOP !!

what graph is this?

Update

SPX http://99ercharts.blogspot.com/2011/10/spx_13.html

For the P Bar fans lets see if we can fill the 119.63.I don,t know if the P Bars on mon and Tue would be in play now or not.May someone can ans. this.Waite and see.

KENA wrote:For the P Bar fans lets see if we can fill the 119.63.I don,t know if the P Bars on mon and Tue would be in play now or not.May someone can ans. this.Waite and see.

more importantly let's see if we can decisively break below the premarket low of 119.56...that would be encouraging at least.