TIME | ALERTS | |
15:48 | We got our predicted top, and move down.
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15:46 | Now getting as low as 775 after setting high of 791.
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15:39 | We are at 790. Sorry gambler. :-(
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15:38 | We should be within 5 minutes of the top.
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15:35 | Send any comments on the Trading Room to office@oss.cc
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15:34 | Our gambler never got in at 770
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15:33 | Expect a top to form around 15:40
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15:29 | A gambler would get in at 770 and shoot for 790.
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15:28 | Support is 765
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15:27 | Next resistance is 790
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15:27 | I see now that there is resistance at 775.
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15:25 | Currently, there are no more reversal times today.
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15:24 | We are still outside the triangle indicating further moves up.
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15:22 | I said earlier that the market has been moving sideways since yesterdays drop, and this indicates a move down. It could also be viewed as a rectangular bottom meaning a move up. I do not know how to spot the difference. Either way the small, almost doji, candle at 13:30 was a dead give-a-way something was going to pop.
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15:18 | This whole rally start at 15:00 when we had a down trend starting.
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15:17 | AAAARRRRGGGHHHH!!!!!
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15:17 | ** STOPPED OUT 773 PROFIT +2
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15:15 | This may be way too high to be getting into.
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15:15 | IN @ 771
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15:14 | ** BUY AT MARKET
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15:13 | ** BUY AT 765
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15:13 | 769
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15:12 | wE ARE HITTING 768
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15:12 | ** BUY AT 764 ON 10 MINUTE CLOSE
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15:11 | We buy on a move above it
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15:11 | A close on the 10-minute chart above 764 puts us in.
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15:10 | There is another triangle we are at the top of
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15:09 | This one could really run to the up side, but have no good reason to play it.
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15:09 | This is a breakout of a triangle to the up side.
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15:08 | 766 has been hit
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15:07 | We have gone up to 763
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15:07 | We moved up 8 points. Will we see a drop now for the next 15 minutes? I am tempted to short this one.
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15:02 | Yikes! 10 point swing on 2-minute candle.
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15:02 | We are at 15:00, expecting move down.
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14:47 | Another downward move at 15:00
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14:46 | Should have gotten that sell at 742 in earlier.
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14:46 | Yupper. Ran out of strength at 14:45
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14:45 | I would sell at 742 if I could ge it.
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14:45 | ** STOPPED OUT @ 747 PROFIT +8
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14:44 | Tighten that stop to 747
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14:42 | Target has dropped to 742
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14:37 | Stops should be at 751
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14:36 | This move down will lose strength after 14:45. That is not to say the market will go up.
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14:34 | 60-minute SPX chart shows side-ways movement all day. Indication of follow through of yesterday’s drop.
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14:31 | 745 is a target.
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14:28 | ** IN @ 755 SHORT
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14:22 | ** SELL AT 755
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14:21 | Resistance at 755
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14:18 | Reversal time is now 14:24
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14:17 | Cannot determine direction for this reversal. However, we have a down cycle kicking in.
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14:06 | Reversal at 14:20
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13:59 | Oops. Hit 749 before I could post that last one.
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13:58 | Support @ 750
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13:57 | Wegot a sideways move instead of an UP. This means further moves down are coming.
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13:53 | ** STOPPED OUT @ 753 PROFIT -3
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13:43 | ** IN @ 756
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13:42 | One more down candle on the 10min chart, and the trade is cancelled, if we are not already in.
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13:39 | ** BUY @ 756 (again)
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13:39 | I am switching back-and-forth between 2-minute and 10-minute charts today. We have another chance at this UP move.
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13:37 | We may try again.
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13:36 | ** STOPPED OUT @ 753 PROFIT -3
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13:34 | Move should be good for 8 points.
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13:33 | ** IN @ 756
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13:31 | ** BUY @ 756 OR AT MARKET.
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13:31 | We are going higher in the next 10 minutes.
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13:28 | May lower our Buy price.
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13:27 | Another reversal has joined the others at 13:30.
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13:24 | ** BUY @ 756
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13:23 | Get ready to BUY
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13:19 | 13:30 reversal is now 13:25
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13:13 | These are NOT playable signals. The 13:30 should be.
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13:12 | Conficting signals in last couple of posts. I say we are moving down again now.
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13:12 | Looking at the 2-minute charts too much.
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13:11 | Should start moving down again at 13:10
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13:09 | We are going higher in the next 4 minutes.
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13:04 | Support at 756
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13:04 | 13:00 SPX @ 762 13:04 SPX @ 756
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13:02 | Oh ya, we are moving down.
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13:01 | It would be nice to see the market trend down from now till our reversal around 13:30 which happens to coincide with our predicted UP move.
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12:59 | There are two down cycles at 13:00 - 13:10
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12:57 | The 12:20 was an UP, not a DOWN as I had predicted. 10 point gain in 15 minutes.
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12:50 | SPX down to 761
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12:50 | Major reversal at 13:30, and we have a UP cycle coming into play at the same time.
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12:48 | Major reversal at 13:30, and we have a UP cycle coming into play at the same time.
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12:47 | We should see a move down over the next 20 minutes. SPX is at 767
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12:39 | Reversal at 12:44 The 12:20 down cycle has not kicked-in, or maybe it is not going to happen. Market is up 6 points since 12:20.
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12:19 | The last reversal on the 10 minute chart went up as expected, and was a 20 point move.
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12:19 | I am dealing with a few client calls, so the trading room has not gotten my full attention.
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12:02 | We did get our 10 to 20 minute up move.
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11:35 | The 11:30 UP cycle should helps get above resistance.
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11:34 | We have resistance at 757
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11:17 | On a 10 minute chart the last two reversal act as one.
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11:16 | That revesal worked nicely.
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11:16 | Another reversal at 11:18
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10:56 | Reversal at 11:08
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10:06 | Summary: 10:20 down 11:30 up 12:20 down 13:10 down 11:30 up
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10:00 | Move down means the market should trend in that direction for at least 10 to 20 minutes.
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09:59 | Another move down at 12:20
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09:57 | Expecting a move down starting at 10:20
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09:54 | Resistance at 775
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09:41 | We got our move up at the open, but I expect even higher prices.
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09:14 | The open is a reversal from yesterday.
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08:56 | Good morning, and good trading!
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08:56 | I see a move up at the open, and a move down around 13:10.
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