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Previous Intraday Trading Session: [ 1/4/2013 ]

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TIMEALERTS 
16:21Made a low of 1457.50.

 
16:11Arrggghhh.... There's our 1459.

 
15:54Stopped out @ 1461.50 [+0.50]

 
15:53STOP LOWER TO 1461.50

 
15:51I would take profit at 1459.

 
15:46Stop lower to 1462

 
15:35If it is going to drop, this is it.

 
15:33Sell 1462 - Stop 1463

 
15:14We hit the top red line @ 1461.

 
15:13Chart update.

 
15:10Yup. Here is the spike higher.

 
15:01Close to yesterday's top.

 
14:59Indices are all showing chart patterns indicating a breakout to the downside.
Just waiting to a spike higher.

 
14:47Now we wait for the spike.

 
14:47Stopped out @ 1459.50 [-0.50]

 
14:44Not stopped out yet???

 
14:39Lowered stop to 1459.50

 
14:35I don't like the way things look.
Exit the trade here around 1459.25.

 
14:04Correction: That is 3:00, not 2:00


 
13:44For you astro folks, Mars is Trine Jupiter today, and at 2:00, Jupiter will hit the ASC as Mars has just past the MC.

 
13:39I think this trade is becoming riskier than expected. We could spike higher here. I am sticking with it, but may change my mind.

 
13:30Observation: Today is looking a lot yesterday with regards to the Head-and-Shoulders. Both patterns failed to move lower before a spike to the up side took out the Head. Yesterday the market fell sharply after the Head was taken out. Perhaps it is a mutant H&S?

 
13:12BTW: There are no Gillen sensitive degrees today.

 
13:12Anyone having problems since I upped the refresh rate?

 
13:03I said the afternoon would be more bearish. We'll see. It is here.

 
12:32You should be in @ 1459

 
12:16Waiting for 1459

 
12:10Another Bearish reversal candle.

 
12:07Sell 1459 - Stop 1461.25 - Limit 1450
Let's see if it gets back up to 1459.

 
12:03Upped the refresh rate to 30 seconds.

 
12:01I am shorting this again. Stand by.

 
11:46Stopped out 1459 [-3]

 
11:37Major spike. Guess that reversal did have some teeth.
Did not expect a return to these levels.

 
11:31Chart update.
Notice the resistance at the top red line.
Since the large reversal candle, we have been moving lower.
The 11:05 level 1 reversal didn't do much. We don't expect much from them.

 
11:23Took a look at the astro influences. A bit on the bullish side this morning, then more bearish this afternoon.

 
10:52RV @ 11:05

 
10:49Heads-and-Shoulders is completing on time.
Market could go into free-fall if we go below the bottom red line around 1454.


 
10:31I see a Heads-and-Shoulders setting up. Should complete by 11:00.

 
10:19Strong candlestick reversal. See chart.

 
10:03Lots of new lows for the day coming in.

 
09:58This could go as low as 1445

 
09:54There is a lot of resistance at the 1457.50 area.

 
09:45Sell 1456 - Stop 1459 - Limit 1450

 
09:37Bearish outlook.

 
09:26Thank you to everyone who responded to my question last night.

 
 
 
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