12/07/2012 Live Update

[BullBear52x]

Pink is my next sell zone, and green is the target, wait patiently right now.

Looks like bears not going to win this battle, VIX is down, 50 dma is being hold on SPY, looks like we going to gap up MON

bear is running out of time, and bull will sit out right here. game's over.

[SB73]

New model

Gap higher
Close gap
Eliminate volume from 10:00 to 3:30 - grind higher
3:30 to 4:00 - surge higher close near HOD
AH - grind higher / rinse and repeat

[TraderGirl]

Same chart of SPX....weak...

[fehro]

divergences in the indicies

[Cobra]

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

[BullBear52x]

Mr. M - any chance there are any P-bars up top? I have a distinct feeling the FED is going to light it up next week!

Nothing for the past 10 days on the upside. This is the only one today;

Mr. M

[Cobra]

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). 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

[MrMiyagi]

sgregs asked for up top bars, I don't have any of those.

[BullBear52x]

Thank you all, beer time

[BullBear52x]

sgregs asked for up top bars, I don't have any of those.

oooooh

[SB73]

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). 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

1.png

What else can be said that hasn't been said before?
Prolonged low rates - screw the savers good for the markets
Recovery remains slow
Prepared to take more action even though QE infinity is already on the table, but never priced in

[TWT]

KBE: If the pattern is a Triangle then the outcome should be a thrust higher on FOMC day

[sgregs]

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). 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

1.png

What else can be said that hasn't been said before?
Prolonged low rates - screw the savers good for the markets
Recovery remains slow
Prepared to take more action even though QE infinity is already on the table, but never priced in

Big rumor on trading desks is FED cannot find enough MBS to purchase with the monthly $40 billion and are about to go all in on all type of debt including corporates!

[Al_Dente]

IMG_20121207_143518_583.jpg

Einstein likes his new doggie door.

nice work !!

[ClarkW]

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). 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

1.png

What else can be said that hasn't been said before?
Prolonged low rates - screw the savers good for the markets
Recovery remains slow
Prepared to take more action even though QE infinity is already on the table, but never priced in

Big rumor on trading desks is FED cannot find enough MBS to purchase with the monthly $40 billion and are about to go all in on all type of debt including corporates!

Wow!

[TWT]

SPX: Despite the overlapping structure the absence of an impulsive down leg = The trend remains up