| TIME | ALERTS | |
| 15:9 | FYI: looking at the overall day, we dropped from the open, the went horizontal. That is a strong indication we will go lower, and any rally we get should be short lived.
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| 15:7 | Expect some downward movement over the next 5 minutes.
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| 15:6 | Oh oh. More reversal in them time frame. Newest ones closer to the 15:20 time.
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| 15:54 | Yup, the reversal stopped it.
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| 15:46 | Reversal at 15:50 should stop the drop.
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| 15:44 | We are well below the channel.
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| 15:43 | All I see now is one big dump.
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| 15:43 | Too late and too risky.
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| 15:4 | Reversal time is different for different markets. Should be between 15:08 and 15:20
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| 15:37 | We are still in the channel. If I could get in 816, I think I would buy, and shoot for the top of the channel at 828.
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| 15:3 | Hope it drops into the reversal time. Could be the start of something big to the up side.
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| 15:29 | That was a juicy 10 pointer we lost.
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| 15:29 | Look like the center of the reversal was 15:13. It reversed alright: down.
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| 15:28 | Cancel the BUY
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| 15:23 | ** BUY 827
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| 15:22 | Gamblers would be smart to go long at the 822 level.
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| 15:21 | We will go lower than 824.
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| 15:20 | Bottom of the channel is at 818.
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| 15:20 | We need something that looks like a turn around in the next 3 minutes.
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| 15:17 | Now, will the 15:20 take us up?
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| 15:13 | I vote in favor of the rectangluar bottom.
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| 15:10 | Although, someone might look at this and called it a rectanglar bottom, which would indicate an upward movement.
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| 14:7 | Support at 822
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| 14:58 | 15:08 – next reversal time
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| 14:56 | Oops. Not anymore.
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| 14:56 | We are hovering on top the channel.
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| 14:54 | Mmm.... We have some bullish candles in all markets and all time frames. Cannot short now.
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| 14:52 | I think we will go lower.
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| 14:52 | ** STOPPED OUT 2 833. PROFIT -3
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| 14:49 | ** BUY @ 836
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| 14:49 | Move below 834 woulod be bad.
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| 14:48 | You gamblers have some nice change. Do not be greedy.
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| 14:47 | I am afraid of a bounce off the top of the channel at 834.
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| 14:45 | I do not like the fact we rallied into the 14:15 reversal. Mmm…
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| 14:44 | Our channel turned into a wedge, and we just moved above it.
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| 14:43 | It is going higher.
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| 14:40 | I would like to see that 822 get retested.
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| 14:38 | You want to take a big gamble? Go long here at 822.
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| 14:36 | Low of channel is 820
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| 14:34 | Another reversal has joined our cluster at 14:45
This is looking good.
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| 14:26 | Taking a little break. I am not going to do anything to the next 15 minutes.
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| 14:25 | You can see the same channel on the NDX. Maybe the coming cluster of reversal will get us out of the channel.
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| 14:22 | Go to a 2-minute chart of SPX. Can you see the downward channel we are in?
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| 14:21 | That reversal at 14:11 was good for about 5 points. In case you where wondering.
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| 14:20 | I am no longer expecting a big move up from the cluster of reversals in the 12:00 to 12:30 time frame. Too much time has past.
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| 14:14 | Clustered reversal at 14:45
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| 14:12 | Resistance is 836
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| 14:11 | We are at a reversal.
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| 13:7 | The 13:14 reversal is building strength.
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| 13:5 | Keep moving those stops.
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| 13:4 | New reversal at 13:14
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| 13:32 | This is the bottom, I hope.
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| 13:3 | Shooting for the stars now.
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| 13:3 | Remember. Looking for 843
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| 13:20 | Triple bottom on SPX 2-minute chart?
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| 13:2 | Maybe the exact time of the 13:00 reversal was 12:56. That would fit what happened.
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| 13:19 | I am still looking at those clustered reversals around 12:00. They were strong. I can still see them signalling a significant rally.
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| 13:17 | With every minute, this is looking more and more like a move to the downside.
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| 13:16 | Negative indicators.
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| 13:12 | We have dropped right into the reversal time. May have to go long again.
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| 13:10 | ** STOPPED OUT AT 836 PROFIT +4
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| 13:1 | OEX above 406 :-)
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| 13:1 | Moving in the right direction, but what about the reversal at 13:00? I am watching.
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| 12:55 | If we are stopped out, we may have to get back in in a few minutes.
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| 12:54 | We are walking right into a reversal at 13:00
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| 12:54 | 831 and we are out.
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| 12:53 | Hang tight. We are in the 832 area.
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| 12:51 | I am watching the OEX 5-minute chart. I want to see a move above 406 there.
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| 12:49 | Put your stop at 831 just in case.
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| 12:47 | Taking a breather before attempting the big climb up?
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| 12:46 | A little pull back over the next 5 minutes.
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| 12:44 | Playing with the house’s money now.
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| 12:41 | 843 is a realistic target.
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| 12:40 | And as I say that, it jumps to 832. We are in.
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| 12:39 | It should have started moving by now.
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| 12:35 | ** BUY @ 832
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| 12:31 | 828 support still holding
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| 12:30 | I will give it a few more minutes to turn here.
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| 12:3 | There is support in the 829 area. We could bounce there, and our reversal could turn into a “W”. Keep an eye open for the bouncy at 829 area.
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| 12:27 | 832 could be our entry point.
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| 12:26 | Bullish wedge.
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| 12:24 | Get ready to go long.
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| 12:24 | Profit +2
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| 12:24 | Out at 830
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| 12:23 | Cash out.
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| 12:22 | The more I look at the chart, the more I think it will snap to the upside.
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| 12:21 | Support is 828
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| 12:21 | We are sitting on support
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| 12:2 | ** SELL @ 832
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| 12:18 | Looking at the 10 15 minute charts, tIf it is going to move to the upside, it is going to happen in the next 5 minutes.
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| 12:18 | We are short @ 832
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| 12:17 | here is a possibility of a very large move up.
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| 12:17 | Oops! I meant a clustered reversal, not a major.
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| 12:12 | Still waiting to get in.
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| 12:0 | Looking for confirmation to go short.
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| 12:0 | I see we did hit 831.
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| 11:57 | 12:10 is now a major reversal.
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| 11:55 | If we continue up into the 12:10 time, then we go short.
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| 11:52 | Reversal at 12:10
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| 11:44 | We are at a reversal. Looking for comfirmation.
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| 11:32 | Still looking to hit 831
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| 11:31 | I am experiementing today with a different way to process all the data I have coming in. Hopefully, I will not be so overwhelmed as I have in the past. So, don’t expect a lot of calls from me today.
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| 11:29 | There was a minor reversal at 11:18. Look at the 2-minute chart. You will see we got a nice “W” reversal.
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| 11:26 | Looking to hit 831
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| 11:26 | Support at 831.
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| 11:19 | Nope. Support is holding.
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| 11:17 | I expect this to be a strong move down.
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| 11:16 | Trend is moving down
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| 10:54 | Got a reversal on the NDX. Should move up a little here.
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| 10:51 | I can see alittle pull-back to the upside happening for the next 10 minutes.
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| 10:48 | The 10:20 reversal worked out nicely. I was a bit too busy rebooting to give it the attention I should have.
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| 10:47 | Support at 843
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| 10:29 | Indicators pointing down.
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| 10:23 | Someone pointed out that if today finishes down, it will be the 11th Wednesday in a row that finished down. I don’t have the time to check that, but if you do, I would like to hear what you find.
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| 10:12 | Possible reversal at 10:20
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| 09:53 | Could find support at 852
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| 09:42 | I expect an early downward move near the open.
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| 09:29 | Good morning and good trading!
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