11/29/2012 Live Update

[L_T]

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That would be a gap fill down to yesterday's close.

[Cobra]

back to the high before the close so still a breakout is likely. Maybe not enough time for today though.

[TraderJoe]

Out of my SPY long, lost

[Jupiter]

Cobra...do you suggest holding longs overnight? Thx.

[TraderGirl]

tomorrow is a turn date...

[MrMiyagi]

I'm thinking of getting some TZA.

TZA/TNA charts getting to bottom/toppy areas. SPX/RUT still going higher... They are near tops as well but the Magic of Christmas is upon us (maybe). Even non-Christians can benefit this time of the year.

[skittlesmds]

Petsamo,

I have been getting whipsawed today. I have had some gains today but currently have a short position and unrealized loss of $600 right now. Looking at my trades for the week to see how much I want to risk before taking the loss.

I'm thinking of getting some TZA. I can't possibly do worse than my disasters of UNG, AMD, MCP, etc

I have an order in to buy to cover at ES 1412. That is my break-even point.

[Al_Dente]

PAGING HARAPA
When I said I’d be patient I was just kidding
The Blues: http://www.youtube.com/watch?v=oHowqKYS ... re=related

Early read:
Gapper in Upswing,
Risk of gap down < 12%

Thanks docboss
I tightened my stop so it’s choking me
I’m not dickin around up in here

[ClarkW]

tomorrow is a turn date...

Tomorrow or yesterday turn date for metals?

[Cobra]

members only update at 3:55pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[skittlesmds]

tomorrow is a turn date...

Turn lower? I hope we can get a pullback. I still think we can get a Santa rally; the only question that I have is when it starts.

[Cobra]

well, guess that's it for today. I need see one thing after close and members now know what I'd see. 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

[Petsamo]

I'm thinking of getting some TZA.

TZA/TNA charts getting to bottom/toppy areas. SPX/RUT still going higher... They are near tops as well but the Magic of Christmas is upon us (maybe). Even non-Christians can benefit this time of the year.

The Magic of Christmas doesn't need to involve greenbacks

[TradersF]

I'm still holding my TNA

[Darkmatter]

Man, they were really trying to hold that down.

[MrMiyagi]

SPY almost

[Darkmatter]

Ya know, I don't so much mind the words "fiscal cliff" over and over and over and over and over again, as much as I mind extending the metaphor to "will we go over the fiscal cliff?" "we're at the edge of the fiscal cliff" ....

How about all the buffalo they're driving?

[TraderGirl]

tomorrow is a turn date...

Tomorrow or yesterday turn date for metals?

Merriman has a turn for Silver 28 or 29th...then big range day on Dec 2/3rd..

Usually reacts within a day of these dates...

[ClarkW]

tomorrow is a turn date...

Tomorrow or yesterday turn date for metals?

Merriman has a turn for Silver 28 or 29th...then big range day on Dec 2/3rd..

Usually reacts within a day of these dates...

Thanks TG!

[KeiZai]

Any news, numbers tomorrow..

Yep, I am expecting volatile day tmr