| TIME | ALERTS | |
| 16:16 | Our option bought at the open on Thursday is up 100%
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| 15:59 | The 5-minute chart was the give away, but then we do have a rule not to enter trades after 15:45, so we would not have traded it anyways.
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| 15:54 | Oh, I see, the market heard we gave up on the day, so now it is correcting.
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| 15:45 | We take our -6 loss and call it a day.
See you tomorrow.
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| 15:35 | re: 15:24 -- that candle turned out to be UP.
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| 15:31 | I am not expecting much from it.
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| 15:31 | I take that back. There is a small reversal right now.
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| 15:30 | There no more reversals today. This could be a big up.
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| 15:30 | Market moved side-ways into the reversal. I should have caught that, it is a strong indicator of a continuation move.
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| 15:28 | Breaking out of the channel to the plus side. Up to 854 now. Cancel the last SELL. The trend is UP.
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| 15:25 | There is no support between 828 and 808. Mmmm....
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| 15:24 | We need a down candle on tthe 10 minute chart.
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| 15:24 | We are not moving above the top of the channel.
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| 15:22 | Still waiting to get in at 846.
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| 15:22 | My attention is now on the 10 and 15 minute candles
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| 15:21 | A move down to 836 at least is expected, if we move down.
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| 15:20 | Also the high for the day.
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| 15:19 | We are at the top of a ascending channel.
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| 15:17 | Scary. Reversal at 15:22
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| 15:15 | Last close was 849
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| 15:15 | ** SELL @ 846
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| 15:14 | Shaping up as our play of the day.
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| 15:12 | I do not want to see a close above 850 on the 2-minute chart.
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| 15:11 | May have to enter at market.
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| 15:11 | Cancel last SELL
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| 15:07 | Hanging out @ 846
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| 15:05 | Not in yet.
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| 15:03 | ** SELL @ 844
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| 15:02 | Get ready to short.
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| 14:59 | Reversals at 15:00 and 15:05. Bext to wait till 15:05
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| 14:58 | It is beginning to look like much lower for the rest of the day.
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| 14:52 | 14:48 is not too strong. Stronger one at 15:05
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| 14:47 | Next one is 14:48
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| 14:46 | Reversals happened at 14:00 and 14:15
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| 14:45 | Technical problems. I am back.
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| 13:41 | A move below 826 would catch my attention.
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| 13:40 | Resistance @ 834
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| 13:21 | We are @ 833, should see lower prices before 13:30
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| 13:16 | Next support @ 829
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| 13:13 | It hurts to be right but still miss the ride. :-(
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| 13:12 | Support @ 832
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| 13:06 | If the 13:00 reversal was as strong as I thought, it must show itself before 13:15
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| 13:05 | Resistance is 837
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| 13:04 | This last one really surprised me.
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| 13:03 | ** STOPPED OUT @ 837 PROFIT -3
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| 13:02 | Next reversal is at 14:00
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| 13:00 | ** SELL @ 834
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| 12:58 | Be ready to go short in a few minutes.
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| 12:57 | We want to see a 5 or 10 minute candle pointing down.
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| 12:55 | Look like we will short again.
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| 12:54 | Resistance @ 837
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| 12:54 | Well, we got our reversal right on time, but it was not much of one. I was just about to write that the triangle that formed usually, but not always, is bullish.. We still have the reversal at 13:00 and the apex of the triangle. With the way things are going, these should indicate a drop.
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| 12:51 | ** STOPPED OUT @ 832 PROFIT 0
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| 12:50 | Low highs and higher lows going into the apex of a triangle usually are followed by a pop.
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| 12:49 | See 11:21 post.
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| 12:49 | The apex of the triangle is at 13:00
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| 12:47 | Stop should be at 832
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| 12:45 | Resistance is a trend line drawn off the last 2 highs. We should not move above 831.
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| 12:41 | Move below 826 could lead to a free fall.
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| 12:40 | Reversal at 12:38 on the head.
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| 12:39 | No support until 800
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| 12:38 | ** IN @ 832
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| 12:37 | ** SELL @ 832
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| 12:34 | We are mvong up into the reversal. Strong indication of another leg down.
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| 12:33 | ** STOPPED OUT @ 831 PROFIT -3
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| 12:31 | If we move down into the 12:38 reversal, be prepared to take a profit.
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| 12:30 | 2 reversal at 12:38
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| 12:28 | Reversal at 12:38
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| 12:26 | ** IN @ 828
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| 12:25 | ** SELL @ 828
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| 12:24 | We broke 830. Looking to short.
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| 12:21 | We go below 830, the rest of the day could be to the down side.
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| 12:16 | As long as we stay above 830, we should expect to see moves higher today.
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| 11:49 | I found a major reversal hidding in the data. It was at 10:30. We did not see a reversal, but the upward movement stopped. We have gone sidways since. This indicates another move higher.
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| 11:47 | Chances of a turn around are less, great chance of a move higher.
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| 11:43 | We should know for sure at 12:00
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| 11:41 | Could see a little pull back. Stay tuned.
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| 11:40 | Oops! I forgot to do the summariers the last two sessions. they are done now. See link above.
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| 11:21 | A reversal is forming around 13:00
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| 11:15 | Maybe even 870
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| 10:36 | We could see 860 for the SPX today.
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| 10:35 | The day is panning out as I expected: nothing big is going to happen until the Obama annoucement. The market will drift higher until the annoucement, then we may see some profit taking.
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| 10:18 | We are at a reversal time, but I would not play it. Too early.
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| 10:09 | Nothing much to report yet.
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| 09:39 | Just watching for now.
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| 09:21 | NOTE: President-elect Barack Obama is scheduled to introduce his economic team this afternoon. Could be a big plus for the day.
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| 09:17 | Good morning and good trading!
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