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Previous Intraday Trading Session: [ 11/20/2008 ]

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TIMEALERTS 
19:56test

 
19:54test

 
19:49test

 
15:46Time is up.

 
15:31Last call for a rally.

 
15:24Last chance for a rally today requires a CIT now.

 
15:12If there is a rally in works before the close, we cannot go below 780.

 
15:11Update: Next reversals: 14:38, 14:45, 14:50
The patterns worked out on the 2-minute charts

 
14:7Not considering the last 2 candles on the 2-minute chart, the 1, 2, 3, 4, and 5-minute charts all suggested a downward move from the last reversal. Am I starting to second guess myself? Time for a break. Back in 30 minutes.

 
14:58Support is around 775.

 
14:5We will be lower at some point in the next 5 minutes.

 
14:49I am expecting to finish the day on the plus side.

 
14:47On the 10-minute charts, I am looking for a reversal to the upside. The turn around should be happening now.

 
14:38I am hoping this works out as a up, down, up pattern.

 
14:37Next reversals: 14:38, 14:45, 14:50

 
14:2We are at a minor reversal now. A little pull-back maybe. Oops, just went to 801.

 
14:1The last 2 candles before reversal time were down.

 
13:8Big reversal in th 13:15 area.

 
13:7I think it will go lower before turning around.

 
13:6Well, I would "think" about taking profit.

 
13:6** STOPPED OUT 804 PROFIT +9

 
13:59We are in at 802

 
13:58I say buy at 802.

 
13:57Direction is up on the 1 minute chart.

 
13:56Direction is now unclear.

 
13:53All indication are pointing down.

 
13:53Reversal time is now 13:58

 
13:4914:00 has now formed at a clustered reversal.

 
13:48But there is resistance at 800

 
13:47We actually moved up to 801

 
13:43We are at 796 when I made that last post.

 
13:43OK 2 up candles, so the move should be down.

 
13:41I would like to call this reversal to the up side, but waiting to see what the 2-minute candles tell us. The last candle was up.

 
13:37aDJUSTMENT -- Next reversal is 13:42

 
13:34NOTE: That last call rattled me. I drilled down to the 2-minute candle chart, and sure enough, two up candles before the reversal. We have been bitten by this quick little fake reversal before the reversal time all week. If I forget to check the 2-minute candle on any future calls, make sure you do.

 
13:31Next reversal is 13:44

 
13:23796 should be the lowest we can go here.

 
13:2213:15 was a trong reversal, but I called the wrong direction.

 
13:21** STOPPED OUT AT 805 PROFIT 0

 
13:14It is reversal time.

 
13:14** BUY @ 805

 
13:1I would take profit below 800

 
12:58Now we need to break the 810 level for the fun to begin.

 
12:55I am looking at the 800 level as a bottom.

 
12:55We break through 820 on the next rally.

 
12:52** SELL @ 815

 
12:50Look like we are going to touch 820


 
12:48** STOPPED OUT 813 PROFIT -3

 
12:44We got in at 810. Need to crack 806 for the fun to begin.

 
12:43test

 
12:40I am back.

 
12:38Charts blew up. I am blind. Rebooting

 
12:37I am switching computers.

 
12:36** SELL @ 810

 
12:33Remember what I said about the 820 resistance.

 
12:33We could retest 790

 
12:3112:36 is the center

 
12:31We have a few reversal times in the 12:30 to 12:42 time frame. This could be wild.

 
12:28Watching this one very closely.

 
12:2612:35 is major reversal.

 
12:25Resistance at 800

 
12:2Timing was right, direction was wrong.

 
12:2Support at 782

 
12:16If we trend into the 785 area, the 13:10 reversal should be strong.

 
12:15Major reversal at 13:10

 
12:13Resistance at 795

 
12:11There was a reversal I missed at 11:06

 
12:11Watching.

 
12:11Should indicate a move up.

 
11:58Not much time left for your pop up.

 
11:38A move above 810 in the next 30 minutes would really catch my attention. Possible Buy.

 
11:36I see another try to move higher starting now.

 
11:17Clustered reversal at 11:30

 
10:47STRONG resistance at 820

 
10:26Significant resistance at the 790 area.

 
10:24If we can stay above 780, then this trend should run for awhile.

 
10:23Ya, OK. That is our turn around.

 
10:18780 is holding up as support

 
10:16Need to see that turn around by 10:20

 
10:11I am expecting thing to turn around now.

 
10:0There is support at 780

 
10:0There are no reversal even close to forming over the next 30 minutes.

 
09:55Small reversal at 09:58

 
09:32Good morning!

 
 
 
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