12/31/2012 Live Update

[Cobra]

Does the market close early?

it's a full day trading day.

[vats]

Thanks, Cobra.

[Petsamo]

I'm thinking they'll come up with some compromise on the fiscal cliff, but I continue to believe any compromise is bad for US. The big question is will the markets like it. Since we're oversold, I'm thinking we end with a white candlestick.

[EvilTrader]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

[Cobra]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

Thanks.

From my experiences, the longer it takes for them to make a deal, the likely the market would sell off after they made the deal. Similar to what happened in year 2008 (700B plan) and year 2011. Both made a deal eventually, but market tanked after that anyway.

[TraderJoe]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

Thanks.

From my experiences, the longer it takes for them to make a deal, the likely the market would sell off after they made the deal. Similar to what happened in year 2008 (700B plan) and year 2011. Both made a deal eventually, but market tanked after that anyway.

I agree with you 1000%

[skittlesmds]

I'm out until next year . See yall on the 2nd. Happy New Year to everyone!!!

[johnnywa]

Eviltrader are you referring to Nov lows? Thanks

[EvilTrader]

Eviltrader are you referring to Nov lows? Thanks

yes.

[BullBear52x]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

my short term reading on NYMO is positive right at the moment, but a - 50 on both NYMO and NAMO before I consider over sold, but I got positive reading as of now.

[wayne0708]

XIV mini target

[flrtrader]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

my short term reading on NYMO is positive right at the moment, but a - 50 on both NYMO and NAMO before I consider over sold, but I got positive reading as of now.

THANKS BB,

I so value your observations. What targets might you have DAY TRADE for a pop here? I'm long looking to take a breath!!

Thanks

[BullBear52x]

AAPL decided to move the market higher the last buy was good still.

[BullBear52x]

HAPPY NEW YEAR !

thanks cobra for great unbiased TA in 2012.

Theres still time for a crash, i guess that depends on what happens next about the fiscal cliff.

even If we dont crash next session, i belive we are going to test recent lows.

wheres NYMo divergence ? hard to call a bottom without one.

my short term reading on NYMO is positive right at the moment, but a - 50 on both NYMO and NAMO before I consider over sold, but I got positive reading as of now.

THANKS BB,

I so value your observations. What targets might you have DAY TRADE for a pop here? I'm long looking to take a breath!!

Thanks

for SPX? 5dma I posted something on my corner not too long ago on SPX, TNA is the strongest link.

[fehro]

SPX 15m... rising bearish wedge?

[Petsamo]

ARR has a descending wedge. Since ARR is oversold relative to SPY, I'm thinking it'll rise, so I added to my ARR exposure. ARR has an 18.6% dividend yield, using trailing dividends, and dividends are declining.

[fehro]

SPX 60m

[Cobra]

C&H target. might be some good news.

[MrMiyagi]

Strong market day with indexes bouncing off BBands.

I don't think this little bastard is for today, nevertheless;

[Cobra]

target met. should be more.