12/11/2012 Live Update

[TraderJoe]

Hi Mr. BachNut,
I also read all of your post.
Thanks,
Joe

Net Long.

Yesterday at the close my composite trend indicator signal turned up.
It is a little concerning it turned this late into the up cycle, but it is what it is.
My summation index signal remains up.

I got an ARMs sell warning signal at yesterday's close too.
So, there is a risk of a sell-off in the next week or so.
This signal has been exacerbated by this mornings action.

For the moment, I am honoring both signals assembling long and short positions.

[Cobra]

resistance here on the global ES.

[Mr. BachNut]

Net Long.

Yesterday at the close my composite trend indicator signal turned up.
It is a little concerning it turned this late into the up cycle, but it is what it is.
My summation index signal remains up.

I got an ARMs sell warning signal at yesterday's close too.
So, there is a risk of a sell-off in the next week or so.
This signal has been exacerbated by this mornings action.

For the moment, I am honoring both signals assembling long and short positions.

Thank you BachNut, upreciate your opinion very much, great stuff for swing trading,,.

Whether you use my position notes as an indicator to trade with or as a contra-indicator to trade against, I am happy to help...
Just use stops!
My positions are real money. So, you'll know when I am taking it on the chin...or taking it to the bank.

[L_T]

My favorite chart today: LOW

Trying to print its 7th red candle in a row today while maintaining its strong uptrend.

[KENA]

Chart by Stocktiming showing His PS Indicator..Notice the drop yesterday..His comments are that the last times this happened the mkt took a big drop..Notice the other charts you can see the drop..Anything can happen so we just wait and see if the charts are correct this time.

[L_T]

Also check out bio-tech names for some very nice-looking charts. CELG, GILD, AMGN, REGN, or via ETF IBB.

[KeiZai]

Still a little room for after party?

[daytradingES]

anybody got something bearish to post?

or a joke?
...:}
I here the Fiscal Cliff is now a sure thing.
You heard the rumour here first!

[Cobra]

potential C&H target if indeed breakout. so far so good for bulls.

[KeiZai]

anybody got something bearish to post?

or a joke?
...:}
I here the Fiscal Cliff is now a sure thing.
You heard the rumour here first!

Yeah that´s why big guys are closing shorts this year (short squeeze rally) check some heavily shorted stocks

[Cobra]

on global es, it's clear why ES consolidates here.

[daytradingES]

Mayan Prophecy confirmed!!!
End of world actually Fiscal Cliff.

[skittlesmds]

Mayan Prophecy confirmed!!!
End of world actually Fiscal Cliff.

End of the world to the moon on ES

[Cobra]

target met. this bull has more legs.

[KENA]

target met. this bull has more legs.

Can only have 4 legs...

[skittlesmds]

target met. this bull has more legs.

Santa Claus Rally! or Santa Bernanke Rally?

[TraderJoe]

target met. this bull has more legs.

Can only have 4 legs...

[daytradingES]

Quick somebody cut it's legs!!

[ClarkW]

My favorite chart today: LOW

Trying to print its 7th red candle in a row today while maintaining its strong uptrend.

L_T or any Elliott Waver. I have zero knowledge on EWT, my eyeball sees that as 5th wave complete. Am I way off? Probably but curious to see others opinion

[daytradingES]

Go down baby,
go down
you can do it.
down, down, down....