Cobra's Market View

Gap up again, above yesterday's high, so chances are the gap won't be filled.

The Global ES looks good because it revisited the low overnight then reverses back, so chances are the pullback was over now it's on the way to revisit the 10/27 highs. Such a revisit, if indeed is a 3 push up like I guessed before, then it should not make a significant higher high instead should fail at any time. Let's see.

Oh, one more thing, statistically, the strong open today is sell, for intraday only. I wouldn't trade on such statistics for sure, instead I'd watch the OR breakout/breakdown to decide whether the gap will be filled or not.

Good Morning.

Gee honey...surfing in Cannes? Global warming?
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_03.html

Just clowns jumping overboard.

Boy, they make great waves!
ES http://99ercharts.blogspot.com/2011/11/es_03.html

They're just showing off to the topless girls on the beach.

last night the world was coming to end now everything is great. why?

TD 5 minute IWM pre-market...

I know p-bars are not to be trusted after hours. But what does it mean when you get a large negative and positive p-bar close together?

janez wrote:last night the world was coming to end now everything is great. why?

same question here?

The world changes too fast.

ECB lower rate from 1.50% to 1.25% (surprise)
Greece could be kicked from euro zone...

and Gone short big time, there is reason for interest rate? something big is going to hit soon.

One thing,
it's not uncommon. under 08 administration, Friday's economic data ofter leaks out at Thursday afternoon.
So this afternoon's market will tell once more.

janez wrote:last night the world was coming to end now everything is great. why?

Trading 101

Never ever fight the world bank it used to be our FED, now ECB and BOJ. more to come BOC

Greece PM to resign. Ref to be cancelled.

Great everything is fine with Greece now. We should rally til year end. Glad I went 100% long yesterday!

GM,
Today will be good day for daytraders. lets roll the dice here is my mark, yellow line is ready to take action, watch Gap fill area and Fib resistance. I greed with statistic, this gap will be sold, but then again, don't fight shark. My game today just to have a shark fin soup

BullBear52x wrote:GM,
Today will be good day for daytraders. lets roll the dice here is my mark, yellow line is ready to take action, watch Gap fill area and Fib resistance. I greed with statistic, this gap will be sold, but then again, don't fight shark. My game today just to have a shark fin soup

maybe this is bad because too many people are thinking the same, but i agree, i think this is a sell the gap fill day.

BullBear52x wrote:

janez wrote:last night the world was coming to end now everything is great. why?

Trading 101

Never ever fight the world bank it used to be our FED, now ECB and BOJ. more to come BOC

No BOC, it's called BOP, although Chinese government officially claimed that BOP (bank of people) money is not the people's money. The People's Republic China is not People's country!

the open, too stretched, should be a pullback first.

I think he meant BOC = Bank of Canada

pdz wrote:I think he meant BOC = Bank of Canada

I meant Bank of China, well, BOP I guess.

This is too easy, just sell and kick back stop is right the very top, man....what a day.

selling today might cost money ??? just my humble view!!!!