Replies to post #18708 on Market Sense and Sentiment (MKTSS)

[RCKS]

Hi Bob
I am short (Puts) tonight, I may be early.... nothing new in that but I do think we drop tomorrow.
Here is Cobra's Market summary tonight and he lays out a few reasons for why he thinks we may have at least a short term top.

http://www.cobrasmarketview.com/2011/12052011-market-outlook-was-the-top-in/

I think you can see his stuff, always does a nice job.
I still think we could have a very quick advance up to 1300+ late this week. All tied to the Euro News about Treaties and an attempt to keep from being downgraded by the S&P. It will happen in the overnight for us.