12/26/2012 Live Update

[Cobra]

could indeed be 3 Push Up pattern, but usually there's another push up. wait.

[StudentBill]

The case for a gap up tomorrow is my spreadsheet.
The case for a gap down is overseas markets will duplicate our red candlestick.

Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. Today is a great example.

If the gap up prediction changes, I'll let ya'll know.

With Congress and the Pres. back in town tommorow we might get a cliff deal "hope" rally starting tommorow morning regardless of the actual reality of any deal being struck.

[Petsamo]

The case for a gap up tomorrow is my spreadsheet.
The case for a gap down is overseas markets will duplicate our red candlestick.

Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. Today is a great example.

If the gap up prediction changes, I'll let ya'll know.

With Congress and the Pres. back in town tommorow we might get a cliff deal "hope" rally starting tommorow morning regardless of the actual reality of any deal being struck.

I'm guessing that cliff deal "hope" might already be priced in.
Any compromise between Obama & Boehner is bad for US.

[Cobra]

indeed another push up but way too strong, so 3 push up was invalidated.

[Cobra]

now resistance and Fib 61.8%, wait.

[Cobra]

members only update at 3:07pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[BullBear52x]

checked and checked and double checked, swing selling to continue, this was just a reaction to bearish cross on MACD and MA, some times the reaction lasted 3 days for the long term daily trend. here is the daily chart I am talking about.

[Mr. T]

Miyagi..... time to whip up a p-bar to 1500!!!!

[jademann]

BB I am checking and double checking this also. GL

[MrMiyagi]

!!!!!!POWER HOUR!!!!!!

[Mr. T]

Anyone announce what time it was?

[Mr. T]

Oh snap!!!! Great minds think alike!!!

[MrMiyagi]

Oh snap!!!! Great minds think alike!!!

Santa Fool bring you any gold this year?

[Cobra]

Channel. I'm neutral, wait.

[Mr. T]

Oh snap!!!! Great minds think alike!!!

Santa Fool bring you any gold this year?

No, but I bought my wife a gun!!!

[BullBear52x]

BB I am checking and double checking this also. GL

[Cobra]

members only update at 3:51pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Cobra]

Drop out of the channel, not a good close looks like. I'm still neutral.

[MrMiyagi]

TRIN is still Bullish.

[Cobra]

well, guess that's it for today, I've provided enough info for members, so no blah blah here. 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