Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].


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

The Global ES is hard to call, the rebound from yesterday, could be 2 legged but the pullback overnight could be 2 legged too. The only thing I'm a little bit sure is now the price is on support, so may rebound here, also the pullback is way too large, implying what we had since yesterday was just a rebound, not something would bring us to Galaxy far far away, so my wild-est-est-est guess is shown in the chart below.

DAX maybe a double top confirmed, target 7200 (I won't hope 100% target at 7126).

Damn RIMM. Me Xman wanted it above $8. There you have it.

Good morning folks, DAX flag played out well one more leg is still missing IMO to 50fib area and then we may see short squeeze (special power hour) as nobody want to hold too many shorts over the weekend (trend killer) + we can count probably with end of month buying as well
may the force be with you

And rovingambler. From ole friend 99er.

Does anyone see this gap being filled soon ( today Maybe ) ?

the open. key time, it's at 61.8% level.

spx....

trendlines..

Down she goes = where she stops, nobody knows........

What a saggy market (yesterday pun intended).

bounce or pause on blue?

looks like test yesterday's low is likely.

Copper refuses to go red --- perhaps SPX leads today?

FDAX: Possible count of overall correction

here's how to measure the target I mentioned in the last night report. again as usual, I don't believe 100% target.

The following Dorsey Wright Bullish points on the P&F charts were in the RED yesterday when the mkt was up.This is not a plus for the mkt,I think it is starting to get a little sick.Anyway here are the 6 areas..NYSEBP..ALL STOCKS BP..OPTION BP..NYSE HI/LOW..OTC HI/LO..WORLD BP.

stucap wrote:Copper refuses to go red --- perhaps SPX leads today?

didn't think so. BTFD.

NORMALLY, this bear has legs.

KENA wrote:The following Dorsey Wright Bullish points on the P&F charts were in the RED yesterday when the mkt was up.This is not a plus for the mkt,I think it is starting to get a little sick.Anyway here are the 6 areas..NYSEBP..ALL STOCKS BP..OPTION BP..NYSE HI/LOW..OTC HI/LO..WORLD BP.

Where's the charts Kena? Always like seeing the Dorsey Wright charts

Silver guys be cautious here, I closed half because momentum is weakening and didn´t make it back to RSI channel

That can change in a second but caution is good here