Cobra's Market View

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Small gap down, within yesterday's range so the gap might be filled.

The Global ES still can be read as a Bear Flag therefore the bias is on the down side. I'm not sure whether the overnight push up (cycle) could be counted as a failure on the 2nd attempt to make a new high, which if indeed then chances are we're heading lower. Well, let's see.

DAX still doesn't look good. Today's reversal (so far) makes the past 2 bars looks like a consolidation, therefore the bias still is down.

http://www.forexpros.com/analysis/publi ... als-127878 Lotta charts.

Gap Up....great info !!

To underscore Cobra's point: If a trader is unclear on their timeframe for a daytrade (this blog), swingtrade (see his other service), or investment (see his other service), then direction really won't be very helpful. We all know the market goes up and down and not necessarily in that direction. The important thing is how individuals manage their own trades along the very specific timeframe, while sticking to their own unique plan. Direction is but a single factor, and short, medium and long-term directions may say very different things (e.g., up, sideways, down). Good luck to all. And thank you Cobra for sharing your clear vision and insightful system. The predictive value, to my mind, is less important than the learning you provide and the scope of potential options regarding where we may or may not be.

the open.

Rhee wrote:To underscore Cobra's point: If a trader is unclear on their timeframe for a daytrade (this blog), swingtrade (see his other service), or investment (see his other service), then direction really won't be very helpful. We all know the market goes up and down and not necessarily in that direction. The important thing is how individuals manage their own trades along the very specific timeframe, while sticking to their own unique plan. Direction is but a single factor, and short, medium and long-term directions may say very different things (e.g., up, sideways, down). Good luck to all. And thank you Cobra for sharing your clear vision and insightful system. The predictive value, to my mind, is less important than the learning you provide and the scope of potential options regarding where we may or may not be.

Thanks.

Can anyone shed some light on the difference between UGAZ and GASL, both say bullish 3X and they dont move similar, today, yesterday... thanks

Kiaora wrote:Gap Up....great info !!

Maybe a little more room to the bottom. Dollar is key and Turd Ferguson says JPM has cut their shorts 75% to get ready for a swing. PM volatility is rewarding to trade but dangerous due to the manipulations.

NEW GOOGLE STUFF from the I/O Developer Conference (these are quickies)

GOOG New 3D Imagery Comes to Google Earth
http://techcrunch.com/2012/06/27/google ... ming-soon/

GOOG GLASS
http://techcrunch.com/2012/06/27/google ... next-year/
http://techcrunch.com/2012/06/27/welcom ... reak-show/

GOOG Nexus 7 Tablet Finally Revealed
http://allthingsd.com/20120627/googles- ... -revealed/
http://techcrunch.com/2012/06/27/hands- ... e-nexus-7/

CHECK http://techcrunch.com for more, I think today is day 2 of conference…
Then please report back here and tell us WTF does it all mean?

gvg wrote:Can anyone shed some light on the difference between UGAZ and GASL, both say bullish 3X and they dont move similar, today, yesterday... thanks

GASL is gas Related, not ONLY gas.

TraderJoe wrote:

gvg wrote:Can anyone shed some light on the difference between UGAZ and GASL, both say bullish 3X and they dont move similar, today, yesterday... thanks

GASL is gas Related, not ONLY gas.

THX

Posted this chart of SLV last night...

F is screaming for me to sell

TraderGirl wrote:Posted this chart of SLV last night...

TG, Thanks

another iduno time. i projected 1313 yesterday and we see 1314.25 just now. i got mixed signals. i will wait for sshort term to stabilize alittle. if we reverse here, it is a nice looking ihs on hrly.

fib info.

“JPMorgan drops on report trade loss could be bigger” [9 billion]

http://www.reuters.com/article/2012/06/ ... LI20120628

what's going on? obamacare? healthcare stocks are moving