12/21/2012 Live Update

[Cobra]

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Huge gap down, so likely the gap won't be filled.

The Global ES looks like a Pennant, so it may continue down sometime later. The panic low around 1390ish normally would be revisited if I remember correctly, not saying today, sometimes later of course.

The good news is, the world seems fine, guess not end today?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/12 ... ve-update/

[cheese]

How does the open look like on such days like today? Everyone runs for life?

[Al_Dente]

income up
consumer spending up
oy

[Harapa]

The good news is, the world seems fine, guess not end today?

Glad to see you back

[cheese]

I remember the time is this afternoon.

[Al_Dente]

The good news is, the world seems fine, guess not end today?

Glad to see you back

Doc this does not apply to you and your sell signal yesterday

Crying Time. Ray Charles: http://www.youtube.com/watch?v=2vUM1kT7G8E

[EvilTrader]

Down we go baby.

So i wish

[Cobra]

How does the open look like on such days like today? Everyone runs for life?

Usually sharp rebound upon open, then anyone's guess.

[gappy]

Out of the bunker, punished by the market? Should have stayed hidden! For the E-wavers.

ewaves.jpg

http://www.youtube.com/watch?v=BO_g5Ocr4K0

[Al_Dente]

[BullBear52x]

GM,
so, tomorrow is Mayan 2013? I will keep quiet today because of my avatar, most people don't see that I got horn.

[Out of Bounds]

How does the open look like on such days like today? Everyone runs for life?

Usually sharp rebound upon open, then anyone's guess.

I am tempted to go long at open but I know it's going to be such a mess that I'll just wait until the dust settles a bit.

Citi getting hammered.

[Out of Bounds]

grande bear.png

6 months at least is my guess. No hibernation this year.

[Mr. BachNut]

Looks like Miyagi's SPY P-bar of 142.06 is a done deal at the open.

Pretty amazing P-bar incident if you ask me.

[Cobra]

the open. it's a little too stretched, so might see a rebound first.

[gappy]

Looks like Miyagi's SPY P-bar of 142.06 is a done deal at the open.

Pretty amazing P-bar incident if you ask me.

That's 30 handles lower!

[Al_Dente]

oy
so much for my “dome target met, plus lower low = toast, plus new dome target... main trend still down until proven otherwise”
that i prepared last night, while eating bon bons………..all yesterday's charts useless now
oy

[Petsamo]

Did anyone see what might have happened? The futures got slammed after hours. News that Harry Ried rejected Boehner's plan B (which is actually Nancy Pelosi's plan) occurred yesterday before the huge run-up in SPY.

[Harapa]

oy
……..all yesterday's charts useless now