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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (42533)	12/26/2012 12:41:23 PM
From: Copeland	Read Replies (1) \| Respond to of 221859

We will likely see a move down to 1417 here on the index and likely a partial retrace back to the 1425 level on low volume. Below 1417, a drop to 1412, and then it's decision time.

To: GROUND ZERO™ who wrote (42533)	12/26/2012 12:42:51 PM
From: Keith Feral	1 Recommendation Respond to of 221859

Normally, I like buying stocks when the VIX is ripping higher. Just not there yet. We could easily blow past 20 tomorrow on no news. I think that trend is likely to continue til we get a deal on the cliff. The closer we get, the more likely people will start trading against it til the news is out of the way. So far, it's been a walk in the park the past few weeks, with the exception of expiration last Friday. January is starting to set up a lot like May.

To: GROUND ZERO™ who wrote (42533)	12/26/2012 12:48:24 PM
From: anandnvi	Read Replies (1) \| Respond to of 221859

I actually think we're headed higher. Everybody and their Santa rally brother was calling for buying on weakness last Friday, and the market never makes it that easy. My guess is we will have a furious sell off at some point - maybe a sell-the-news gap down on news of a cliff deal? That should reel in a lot of the stops and make the rallymongers pause with fear - before ideally a one day reversal marks the return of the bulls. Never fight the Fed.