Cobra's Market View

First of all, tonight we'll move to the new server. I'll shut down http://www.cobrasmarketview.com (include bbs.cobrasmarketview.com of course) for don't know how long after 7:30pm ET. Hopefully could bring it back to normal before mid night ET. There'll be no Market Outlook tonight, instead it'd be in the weekend because Friday is only half day. The Trading Signals however will be posted as usual in AH including Friday, at least say hello and a turkey picture. The Intraday Watering will proceed as usual, i.e. today and Friday. http://www.hutong9.net users won't be affected by the moving process, yes, you stay in the old server. By separating 2 sites into different servers, both could be much safer.

Gap down below yesterday's range, fulfilled the consolidation then breakdown pattern and once again proves pattern rules, no matter what news or seasonality, so let's remember this. Anyway, chances are the gap might not be filled, well, NORMALLY.

The Global ES looks like a breakdown then consolidating before another possible breakdown. I see the selling is very calm, so hard to call bottom, will have to wait and see. According to the Measured Move, though, chances are it's not bottomed yet.

I'm shedding my bearsuit and putting on my bullsuit

Yoelds on 10 yrs bds up across Europe, some up as much as 6%. Italy again near 7%, at 6.97, yet FTSE and CAC are holding up well. And China missed badly on their PMI, under 50

Good Morning.

Boy, it's nice in the mountains.
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_23.html

Good morning Boss and all

(old) news for AMAZON WATCHERS
Quick amzn rumor… http://www.auctionbytes.com/cab/abn/y11/m11/i18/s02
Amzn press release: New “Price Check” app-thingie will snag crazy “Black Friday” shoppers
http://phx.corporate-ir.net/phoenix.zht ... highlight=

So what should we do today?
ES http://99ercharts.blogspot.com/2011/11/es_23.html

Ski?

Or how about a morning stroll in the park?

http://99ercharts.blogspot.com/2011/11/ ... troll.html

Failed German bond auction.
The market does not even want German bonds.

If you get UPRO at bottom and riding it up, that's one rocket for a day's work!

99er wrote:Good Morning.

Boy, it's nice in the mountains.
EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_23.html

DAX not falling as much...maybe they're done selling?

gabor wrote:Failed German bond auction.
The market does not even want German bonds.

Cobra LOL your "at least say hello and a turkey picture"

I bought my ticket to ski, last Friday. Finally have some skiable snow..

Cobra..I tried to leave a comment on your website last night..It would not accept my log in info. Do I re-register or what.Thanks

Suggestion for a poll: Where's the bottom? Market Owl won't be buying today unless we drop to SPX 1120.

Cobra DA: Thank you for your hard work, excellent report. Happy Thxgiving.

oldpigwang wrote:Cobra DA: Thank you for your hard work, excellent report. Happy Thxgiving.

Thanks you too. And you made a lot of good calls recently, congratulations.

Cobra:
MACD positive divergence on 1hr /ES and inverted H&S on 5 min. Bullish today?

Petsamo wrote:Suggestion for a poll: Where's the bottom? Market Owl won't be buying today unless we drop to SPX 1120.

petsamo: are you market owl?

GM! Great post this morning, Cobra!
Pattern rules!
I also agree that the down turn is calm and well controlled and that is why I am constructing a “shorting short term” but hedged position for the Qs.
I am trying to keep seasonality in mind but this does not seem to guide the present..

Al_Dente wrote:

Petsamo wrote:Suggestion for a poll: Where's the bottom? Market Owl won't be buying today unless we drop to SPX 1120.

petsamo: are you market owl?

No