Wobbling.....What to do....

I know there is a lot of you that are waiting for the move back in the market. Even if you follow the charts, you have to respect the fact that everyone knows that the Fiscal Cliff issue is still out there and this thing could zoom in either direction fast. So as 10am, it looks like we are borderline on the S&P 500 with price still below the 50 day ma. The Small Cap has confirmed it's buy for the 4th day in a row. The International, still a buy but flagging sideways. 

Only 4 days left in the month of November and only one move left, so I may, keyword may, slide 50% into the S-fund today and leave the remainder in the G. Timing is going to be close for me because I'm working today and would like to be closer the 11:30 hour. Key levels that S&P and Small Cap have to be above are shown below. 

Small Cap = $703

S&P = $1408

 

Below is a post from a professional trader:

Chase For Performance Versus THE FISCAL CLIFF - Stock Picks and Discussion at iBankCoin | The Fly

Dominating the market since 2007 Chase For Performance Versus THE FISCAL CLIFF By The Fly – Tue Nov 27, 2012 9:15am – 6 Comments – 677 views The ultimate show down approaches, with the month of December. Billions of hedge fund dollars will go back to work this holiday season, in a last ditch effort to chase performance and salvage the year. The overall economy is “meh”, but the stock market is fixed–helped by the Fed. That’s the upside.

The downside is a tragic amount of tax hikes looming in 2013. Most people believe there is no way the government will let it happen. Why not? It will add $500 billion to the “revenue side”, alleviating budget constraints, so that the government can spend even MOAR. Ask yourself these questions: Did the government f*** up with the TARP vote? Did the government f*** up with the debt ceiling extension? Those were simple, straightforward propositions. The fiscal cliff is far more complex. I am expecting a dysfunctional government to once again reemerge as the dominant factor in f***ing shareholders. I’m already at 40% cash, so there isn’t much for me to sell up here. I might even take out a few trades, providing the uptrend continues. But rest assured, your government will fuck this up and markets will panic because of it.