Cobra's Market View

Small gap up, within yesterday's range, so chances are the gap will be filled.

Tough call on Global ES, it may looks like a Bear Flag, but you can also interpret it as already had the 2nd test on the low, made a higher low, so there're some chances that the bottom was in. So which cases would be, we'll have to wait and see. Judging by Euro and gold, the Bear Flag case has a little better chances though.

Small dead cat bounce,disappointing jobless claims,Italian bond trending back up,dollar up.Looking for 1230-40 into Friday before a bigger bounce next week.

It's a symmetric triangle. A fall is expected in the afternoon, IMHO.

Good Morning.

So honey...it's gonna be a New Year.

http://99ercharts.blogspot.com/2011/12/resolutions.html

Any resolutions?

Let's see...

ES http://99ercharts.blogspot.com/2011/12/es_29.html

Go skiing?

Well...

YM http://99ercharts.blogspot.com/2011/12/ym_29.html

For a week?

Honey put your sunglasses on its,bright out there ,probably hit a few moguls on the way down

...

EURUSD http://99ercharts.blogspot.com/2011/12/eurusd_29.html

In Europe?

Good morning!
SPX was parked in a very busy area. Over night the futures market was a real “ Italian casino*”…
The Italian auction of 10 yr. “worked” (with a massive help from the ECB) at a yield of 6.98% - but they couldn’t sell the whole package…
------------
* in Italian, “casino “ is a cathouse …
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On the 5 min chart, notice the “Virtual Fork”:

=================

GM,
Any thing higher will be sold! /ES 1240 need to hold here.

IWM and QQQ exhibit distinct patterns of a recently acquired weakness:

Good morning all
Congratulations Cobra on the best disqus comments of the year on last night’s outlook

GM,COBRA。

the open.

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?

Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?

$BPGDM -25% yesterday, almost a record low. The bottom in gold SHOULD be near.

oldpigwang wrote:Cobra ban: Dax run sideway, bite above yesterday's close, will spx follow this small sideway pattern? or retest 12/27 high?

I see it as consolidation before the next leg down.

cougar

You're on fire today.

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_29.html

Two heads are better than one.