Cobra's Market View

Small gap down within yesterday's range plus all the gaps the next day after a Major Accumulation Day got filled the same day, so the gap will be filled, the market will attempt another new high, then we'll see. Overall, usually the day after a Major Accumulation Day is a small range day, so up or down, I don't expect today to be a big day.

Global ES looks pretty much like a Bull Flag, so more up ahead.

Cobra wrote:Small gap down within yesterday's range plus all the gaps the next day after a Major Accumulation Day got filled the same day, so the gap will be filled, the market will attempt another new high, then we'll see. Overall, usually the day after a Major Accumulation Day is a small range day, so up or down, I don't expect today to be a big day.

Global ES looks pretty much like a Bull Flag, so more up ahead.

Having trouble with your site, Sluggish, locks up alot when I am here, Started a few days ago

Cobra wrote:Small gap down within yesterday's range plus all the gaps the next day after a Major Accumulation Day got filled the same day, so the gap will be filled, the market will attempt another new high, then we'll see. Overall, usually the day after a Major Accumulation Day is a small range day, so up or down, I don't expect today to be a big day.

Global ES looks pretty much like a Bull Flag, so more up ahead.

Morning Cobra! Time frame for more up ahead? I thought the new evil plan is go up from here a little, but then pull back because it's overbought =)

noob wrote:

Cobra wrote:Small gap down within yesterday's range plus all the gaps the next day after a Major Accumulation Day got filled the same day, so the gap will be filled, the market will attempt another new high, then we'll see. Overall, usually the day after a Major Accumulation Day is a small range day, so up or down, I don't expect today to be a big day.

Global ES looks pretty much like a Bull Flag, so more up ahead.

Morning Cobra! Time frame for more up ahead? I thought the new evil plan is go up from here a little, but then pull back because it's overbought =)

Yes correct.

Good morning Cobra
I only “listen to 50% of what you say”
Soooo, another new high today, right?

Good Morning.

Honey? Is Europe fixed now?
EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_28.html

The clowns are still working on it.

dr659 wrote:

Cobra wrote:Small gap down within yesterday's range plus all the gaps the next day after a Major Accumulation Day got filled the same day, so the gap will be filled, the market will attempt another new high, then we'll see. Overall, usually the day after a Major Accumulation Day is a small range day, so up or down, I don't expect today to be a big day.

Global ES looks pretty much like a Bull Flag, so more up ahead.

Having trouble with your site, Sluggish, locks up alot when I am here, Started a few days ago

probably it's your browser because you're the only saying this. Try to empty your cache and see?

Good morning all. Not intending to do much today. I may take a small short if we hit 1300-1307 and the 78% Fib retracement.

Euro is holding onto 1.41 quite well so far. Is this confirmation of a breakout? I doubt it, but let the Euro tell the tale. If it can stay above 1.40, then OK.

So it's Friday; shall we hit the beach?
ES http://99ercharts.blogspot.com/2011/10/es_28.html

Sure. Beats yesterday.

Good morning!
VIX is back in jail. One could also notice the narrowing of the envelopes = sign that its own volatility is decreasing.

So what does Dr. Copper say?
HG http://99ercharts.blogspot.com/2011/10/copper_28.html

Overthrow.

GS might have encountered some serious resistance here:

The German DAX opened slightly below it 200 day EMA, went slightly above it, then dropped back down to form a red candle. It's currently sitting at the lows of the day.

Just popping in briefly to say hello and wish all well. Been too long for me. Out on business for most of the day. But thought I'd post this for my short-inclined friends - the YTD chart of the SPY with Fib. markers on the right. Shows we're close to the 78% retracement point. :
GLTA,
A.

99er wrote:So what does Dr. Copper say?
HG http://99ercharts.blogspot.com/2011/10/copper_28.html
Overthrow.

overthrow = met resistance, coup failed ??

Gee whiz, honey.
SPX http://99ercharts.blogspot.com/2011/10/spx_28.html

Maybe it is time to go surfing...big time.

Plan for today:
Sell EDZ (from yesterday Close) at open plus 1%, Buy EDC at the same time.
Let's see how it works!

the open.

Anaconda wrote:Just popping in briefly to say hello and wish all well. Been too long for me. Out on business for most of the day. But thought I'd post this for my short-inclined friends - the YTD chart of the SPY with Fib. markers on the right. Shows we're close to the 78% retracement point. :
GLTA,
A.

Have you found much success with using the 78% retrace point? Other than a scalp, I mean, I find that the 78% retracement level has not been a good swing trade entry for a move back.

Good morning all,
Is that a bull flag broken on gc? I am long 1741,5 target 1775, stop 1739.
Agnosia, u still long?