Cobra's Market View

Gap down, below yesterday's low so there're chances the gap won't be filled. The next support is the blue line below.

Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.

So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.

Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

Why is that?

Good morning, there's an interesting interview from Stephen Roach from MS on ZH (he shuts Tom down, lol.)

http://www.zerohedge.com/news/stephen-r ... r-our-eyes

PAGING GOLD, SILVER and WAVERIDER

“The Federal Reserve on gold and silver”
http://www.marketwatch.com/story/the-fe ... atest_news

Even more interesting “analysis/kool-aid” found when u click the embedded link to Aurora Report; glance at 5 stages charts…

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

I'm right once in a while too.
Let's see if you can go 2 for 2.

Petsamo wrote:

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

I'm right once in a while too.
Let's see if you can go 2 for 2.

In case you're a newbie, please don't base your trades on my opinions. I am a very risky day trader.

Good Morning

http://www.99ercharts.com/2012/01/26/lets-go-skiing/

Couldn't resist.

TGIF and GLTA.

Unique wrote:

Petsamo wrote:

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

I'm right once in a while too.
Let's see if you can go 2 for 2.

In case you're a newbie, please don't base your trades on my opinions. I am a very risky day trader.

I don't recall you posting your trades

johnnywa wrote:

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

Why is that?

If this is a decisive breakdown towards the ascending channel starting from 11/28/2011 to now. Then this is a very probable conclusion.

Petsamo wrote:

Unique wrote:

Petsamo wrote:

Unique wrote:Gap down, told you..

Personally, I'm looking for a close below SPY 130 today

I'm right once in a while too.
Let's see if you can go 2 for 2.

In case you're a newbie, please don't base your trades on my opinions. I am a very risky day trader.

I don't recall you posting your trades

Don't listen to me then

the open. looks like the gap will be filled.

He's back! Good to see you back 99er! I need to see some butterflies!

99er wrote:Good Morning

http://www.99ercharts.com/2012/01/26/lets-go-skiing/

Couldn't resist.

TGIF and GLTA.

99er wrote:Good Morning

http://www.99ercharts.com/2012/01/26/lets-go-skiing/

Couldn't resist.

TGIF and GLTA.

LOL! Priceless.
Just signed in to thank you for your past - and certainly this - value-added posts. A quantum leap over the obsequious, youtube-swapping blather which has begun to permeate this board.
Please don't stop posting,
A.

You know what ???

this bear here (ME) is enjoying a smelly bull barbecue.

Cobra wrote:the open. looks like the gap will be filled.

/ES got/is getting a good bounce off the 200MA on the hourly. Need some more volume to break below it...IMO.

Between yesterdays pullback and todays open, looks like the market was pretty oversold and needed to bounce.

Cobra wrote:Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.

Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.

So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.

Classic TA working for a change would be nice!

SWalsh wrote:

Cobra wrote:Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.

Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.

So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.

Classic TA working for a change would be nice!

target should be just under 131.

Did you guys check out F ? They must've given bad news