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Previous Intraday Trading Session: [ 11/25/2008 ]

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TIMEALERTS 
16:04E-mail office@oss.cc with any comments or questions.
Thank you

 
15:49854 to 864 from 15:35 to 15:45. Yup. that is a pop.

 
15:43** BUY ABOVE 859
** SELL BELOW 850
DARN, ALREADY AT 860

 
15:41You would have to expect the reversal to be to the downside.

 
15:40reversal 15:40

 
15:37Right time, wrong direction. Cancel last SELL.

 
15:36I see a big pop one way or the other in the next 5 minutes.

 
15:34Remember, no trades after 15:45

 
15:34** SELL @ 850

 
15:30** STOPPED OUT @ 852 PROFIT +1

 
15:26Still eyeing 845

 
15:25Move to 849 took us through 3 support levels.

 
15:21** IN @ 853
Broke through 854 and 853

 
15:20Looks like a 1-2-3 top. Break through of 854 means further downs to come.

 
15:18** SELL @ 853

 
15:17Quite sure that was a temporary pull-back move.

 
15:17** STOPPED OUT @ 857 PROFIT +1

 
15:14Target is 845

 
15:13Could be best play for the day.

 
15:135 and 10 minute candles are pointing down.

 
15:09** IN @ 858

 
15:07** SELL @ 858

 
15:05Major reversal at 15:10. We are currently at 860 resistance area.

 
15:04Yup, it stalled for a few minutes. Net resistance is @ 860

 
15:01Big gap at 846

 
15:00Minor reversal at 15:00

 
14:59What about the reversal at 14:37? It went sideways indicating a move further up. I was not quick enough to spot it.

 
14:58This is the turn around from that major reversal at 14:33 that caused up to BUY at 844. We would have been up 10 points if we could have stayed in. :-(

 
14:55Pop to 848, not looking to sell anymore.

 
14:54Last major reversal was at 14:38. Very choppy now, but I am looking to SELL.

 
14:52Darn, was just about to move that back to 841 where it should have been. We may have to reenter.

 
14:51** STOPPED OUT @ 843 PROFT -1

 
14:49Hopefully we will see a sideways movement till 15:00 then another leg up.

 
14:49We have 4 minor reversals between now and 15:00

 
14:47We should see 846 within the next 10 minutes.

 
14:45We are still in.

 
14:43Too many mixed signals

 
14:42Put stop at 843

 
14:40Choppy waters for the next hour.

 
14:37Ok. We made our bed so we have to sleep in it.

 
14:36Darn. We got in at 844 before a pull back.

 
14:34I think we could go lower before we get in at 844

 
14:33LESSION: The pennet mentioned at 13:56 turned into a triangle on the 1minute chart indicating a move down. We also had a reversal at 14:00. At 13:56 we closed below the triangle. That should have been a signal to check the 5-minute and 10-minute charts for a confirmation of a move down. The 10-minute chart was in process of forming a Evening Start (if you squinted with 1 eye). The 5-minute chart are already from 2 down candles. This should have been a play, but with the understanding that the move was likely to reverse at 14:00, which it did.

 
14:33** BUY @ 844

 
14:32Looks like a move up.

 
14:26Reversal at 14:33

 
14:03Did not hold long enough. We are heading south.

 
13:56Higer move coming if 1-minute pennet holds.

 
13:19Back in 1 hour.

 
13:17** STOPPED OUT @ 842 PROFIT +2

 
13:10Did not get out.

 
13:09Exit @ 842

 
13:02Target is 846, but could go much higher.

 
12:58** IN @ 840

 
12:55** BUY @ 840

 
12:48Major reversal at 12:57

 
12:43We got our bounce down.

 
12:40Expect a bounce down from 850.

 
12:32** STOPPED OUT @ 848 PROFIT +4

 
12:27Stop is @ 848

 
12:13Get through 849 and support is 842

 
12:13Support @ 849

 
12:07** IN @ 852

 
12:03Moving sideways for almost 15 minutes. Indicates move to the up side.

 
11:54CANCEL ** SELL @ 850

 
11:54** SELL @ 852

 
11:33Target is 842, IF we get in.

 
11:30** SELL @ 850

 
11:27** STOPPED OUT @ 851 PROFIT -3

 
11:25Big reversal shaping up in the 11:45 area.

 
11:24Looks like we will have a bearish afternoon.

 
11:22** IN @ 848

 
11:21** SELL @ 848

 
11:15We went quite far below the trend line, then came back again to test it. Watch this line as it will likely play a major role the rest of the day.

 
10:59We are going higher in the next 5 minutes.

 
10:57Retesting trendline resistance at 850.


 
10:56** STOPPED OUT @ 849 PROFIT +6

 
10:54Support at 845

 
10:53Move stop to 849

 
10:52We are quite far below the trend line. Could snap back to retest.

 
10:50Watch out. We are at another reversal.

 
10:49We are riding a trend line that should but us at 850 by 11:00

 
10:38** SELL @ 855

 
10:29It appears they are acting as one. Resistance is at 868.

 
10:27Reversal being this close together could act as one.

 
10:22A move up from 10:20 to 10:30 sets us up for a major move down.

 
10:19Reversal at 10:20 and 10:30

 
10:07Resistance at 868

 
10:06Reversal moved to th eup side 8 points.

 
10:06** Cancel entry.

 
10:01** SELL @ 860

 
10:01Wow. That was quick.

 
10:00I would like to see the SPX hit 862.

 
09:59This got be our setup to go lower.

 
09:59OK maybe I was wrong. Looks like the market is moving up again.

 
09:58I was expecting one more move to the up side. I do not think we are going to get off this reversal.

 
09:52Reversal at 09:45

 
09:50** Cancel entry.

 
09:49Still waiting to get in.

 
09:46** SELL @ 858

 
09:43If the current 5-minute candle closes down, this is a play to the downside.

 
09:40Big open. We have a reversal at 09:45. Expect a pull-back.

 
09:27Expecting a bullish morning.

 
09:25Good morning!

 
 
 
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