Cobra's Market View

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Gap down below yesterday's low, so the gap might not be filled.

I don't know when we'll see a rebound on Global ES, the only thing I'm RELATIVELY SURE is the rebound NORMALLY shall fail, as the push down in the past several days was too strong.

members only update starts from here: http://www.cobrasmarketview.com/2012/11 ... ay-update/

Cobra wrote: I don't know when we'll see a rebound on Global ES, the only thing I'm RELATIVELY SURE is the rebound NORMALLY shall fail, as the push down in the past several days was too strong.

When you say "rebound on Global ES" do you mean a rebound in the day session
or
do you mean a rebound prior to open?
Thanks

DAX could be a Triple Top breakdown, targeting 6880 at fib 38.2%.

Channel didn´t hold possible wedge is in play, that´s why I didn´t close trade today with tiny profit or at BE will give it a chance at least bounce is near (if not today then next week)

Euro is Double Top targeting Fib 61.8 at 1.2492

After JCP disappointed, futures fell sharply. I went long SSO when SPY was 137.24 (8:21AM) figuring there would be retracement on into the regular session. Fingers crossed. I think gap will be closed and may finish positive.

Up on time today so a little break in collecting data before the pre open rush.
(Still very tired though - so I don't know if I'll trade - Friday being Crook"s Day.)
I looked at the daily chart and I can't believe the board is not more negative - perhaps its the idea of turning up the water temp slowly the frogs don't jump out of the pot...

In any case, I'm not a swing trader so it makes little difference to me if the long term top is in place or not.

We've had two total breakdown days in a row. The crooks must stage a rally of some kind today and try to manipulate a half-decent close for Friday.

We have resistance at 1393 so that (meaning 1397.50 area) should fail, but the crooks can do what they what - including a huge bull ramp. However, with a minus 18.25pt o/n session (which is huge - normal is about 8 pts), they have a ways to go.

Closing above 1396 is important for the crooks.

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to go to spx take numbers above +5.75 and then to SPY divide by 10
- so "1397.50" = 1403.25 spx = 140.32 spy
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This making the rounds, just for fun. History can rhyme.

WTF is doing silver again? Would rather buy it instead of R2K sh*t

KeiZai wrote:WTF is doing silver again? Would rather buy it instead of R2K sh*t

KeiZai,
I forgot to thank you for your input on NUGT yesterday.
Thanks

(Still very tired though - so I don't know if I'll trade - Friday being Crook"s Day.)
I looked at the daily chart and I can't believe the board is not more negative - perhaps its the idea of turning up the water temp slowly the frogs don't jump out of the pot...






---[/quote]
Head crook POTUS speaks today, interested to see how the charts dance to that tune.

the open.

note DIS earnings gap

gap up wrote:(Still very tired though - so I don't know if I'll trade - Friday being Crook"s Day.)
I looked at the daily chart and I can't believe the board is not more negative - perhaps its the idea of turning up the water temp slowly the frogs don't jump out of the pot...






---

Head crook POTUS speaks today, interested to see how the charts dance to that tune.[/quote]

What time does he speak? Been hearing he may speak about fiscal cliff...

Out of Bounds wrote:After JCP disappointed, futures fell sharply. I went long SSO when SPY was 137.24 (8:21AM) figuring there would be retracement on into the regular session. Fingers crossed. I think gap will be closed and may finish positive.

Futures were falling since the DAX opened. Who cares about JCP. I haven't shopped there in many moons.

Hi Everyone

Gap Closed into SPY day 3-8-2012, also into 50% Fib !

Canada's top court on Thursday stripped Pfizer of its patent for Viagra, saying the pharmaceutical giant failed in the patent to identify the active compound in the drug.

"Patent 2,163,446 is void," the Supreme Court said in its ruling.

Al. Don't know if you got my PM. Your Daily GDX is on the edge but hasn't flipped.

Out today. Good luck all