12/11/2012 Live Update

[essessme]

A different look at the ARMs index

[Cobra]

target met, now the morning low is the next point to watch.

Nice call Cobra. On the longer hourly time frame are we possibly looking at 3 push up pattern from the Nov 16 low and maybe 2 legged down if retest of the high today fails?

I'll talk about this in tonight's report. There's one criteria to check if indeed it's 3 push up - a pullback target, until that target is exceeded, this bull still is roaring.

[Mr. T]

Bears have no hopes.......

Even that fool talking couldn't bring the market down.
Fiscal Cliff???? That's where they throw the bear carcases into the water.

[Al_Dente]

The futures-volatility traders
XIV
are trying for HOD hi on day

[Darkmatter]

WUSSIE alert
Just testing MAs vwap etc
Oy alert: strap on your squidge goggles for reals

[Cobra]

members only update at 3:50pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Darkmatter]

LOL tweet Bloomberg and see if they put that on the air

Bears have no hopes.......

Even that fool talking couldn't bring the market down.
Fiscal Cliff???? That's where they throw the bear carcases into the water.

[Cobra]

well, guess that's it for today. FOMC tomorrow, usually is bull friendly, about 60% chances to close in green. Thank you guys, I'll see you tomorrow.

Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[TraderGirl]

Tomorrow is a turn day...

[Al_Dente]

WUSSIE alert
Just testing MAs vwap etc
Oy alert: strap on your squidge goggles for reals

[flrtrader]

Tomorrow is a turn day...

You expect a turn down from higher, Or not? I was thinking we put the high in tomorrow around 1438es

[ClarkW]

Tomorrow is a turn day...

[TWT]

SPX: So far a 3-wave down leg. But I need more !!!!

[TraderGirl]

Tomorrow is a turn day...

You expect a turn down from higher, Or not? I was thinking we put the high in tomorrow around 1438es

I think we saw a high today....but another turn on Friday...so possible for another high 14th/17th...but technicals might set up a nice neg d for down move next week...

[Al_Dente]

WTF
I didn’t even notice SOXL was at the top of my [narrow] leader board today
TQQQ and XIV were close behind