Cobra's Market View

Huge gap down below yesterday's range so most likely the gap won't be filled today.

The red bar on Global ES becomes larger and larger, so more and more like an exhaustion bar, therefore my guess is we might see some rebound upon open, such a rebound usually is a sell opportunity. Well, I really mean usually, nowadays, the market goes straight line, interesting.

top of the mornin to ya Cobra

i was going to pull a 127 Hours move yesterday and cut my shorts around my elbow...i'm glad i hung on to them. i'm wondering if the market is pricing in more MF Global-like fall out in the coming days.

good morning everyone!
Russian exchange is halted, does anyone know how those events typically affect the US markets?

how about 10am ISM report's impact?

Good Morning.

Coffee, honey?
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd.html

With Ouzo?

looks like shorts are ok afterall. When the $nymo gets that high you know there is a big pullback coming.

Honey?
ES http://99ercharts.blogspot.com/2011/11/es.html

To bounce or not to bounce?

jarbo456 wrote:i was going to pull a 127 Hours move yesterday and cut my shorts around my elbow...i'm glad i hung on to them. i'm wondering if the market is pricing in more MF Global-like fall out in the coming days.

What does Dr. Copper say?
HG http://99ercharts.blogspot.com/2011/11/copper.html

Maybe a small bounce.

If this will be soothing to bulls. TNA Opened lower by 12% only once since its inception. The low of the day was only 0.7% away from the open ( I know this is not something to bet even a penny).

Anybody have a target for this fall ? 1180 - 50% or 1220 - 38.2% retrace ?

I guess my question yesterday was answered?

SPX bounce?
http://99ercharts.blogspot.com/2011/11/spx.html

Maybe at lower channel line of (gold) or (magenta), 1225 to 1235.

GLTA.

spy 119 p-bar from 10/26 is back in play.

pady wrote:Anybody have a target for this fall ? 1180 - 50% or 1220 - 38.2% retrace ?

looks like we will open below 1220

incognitouser wrote:good morning everyone!
Russian exchange is halted, does anyone know how those events typically affect the US markets?

http://usequities.nyx.com/markets/nyse- ... t-breakers

EURUSD seems bottomed in very short term. Stock market may open a little bit higher than es bottom just now

GM!
Great day ahead!
GLTA!

99er wrote:SPX bounce?
http://99ercharts.blogspot.com/2011/11/spx.html

Maybe at lower channel line of (gold) or (magenta), 1225 to 1235.

GLTA.

Thanks for your charts, 99er. Your call for channel surfing yesterday proved to be accurate. Your last name wouldn't happen to be Papandreou, would it?