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Previous Intraday Trading Session: [ 12/19/2012 ]

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TIMEALERTS 
19:31Trades: +4, 0, -0.5, -1.5, +1 = +3

 
15:52Stopped out @ 1436

 
15:46Spotted out @ 1436 [+1]

 
15:43Take profits at 1439 if we get there.

 
15:34Looking for 1438 or 1439

 
15:05Now we are back to consider the last hour as a false breakout of the ascend triangle. See chart.

 
15:03There was a level 3 reversal @ 2:50. I spotted it just as it happened. Thought I would get the Buy order out before I explained why.

 
14:59Buy 1435 2 point stop

 
14:57Next support at 1431.

 
14:46Out 1435.50 [-1.5]

 
14:22In @ 1437

 
14:20Buy 1437 stop 2 pts

 
14:15More Washington talk coming soon.

 
14:141:55 reversal sending us lower. Next reversal is at 2:15, but like the 1:55, it is only a level 1. Could cause a big reversal, but we need to see other indicators at the same time. Waiting and Watching.

 
13:49If we get back inside the triangle, I am bullish again.

 
13:49At the lows for the day. Could be the false break-out.

 
13:48Chart update

 
13:44Might still move higher, but a move below 1438 would make me rethink.

 
13:39Stopped out [-0.50]

 
13:24Noticed multiple reversal candles on the indices. That is why I did not wait for a false break-out

 
13:23In @ 1439.25

 
13:21BUY 1439 - STOP 2 pts

 
13:19Market retouched the bottom line. Now, is this going to turn into a false break-out? If it does, we will be going much high.

 
13:12Chart update. Watching for a retouch of the bottom line in this ascending triangle.

 
12:48Another reversal @ 1:20. See chart.

 
12:45RV @ 1:10 level 2

 
12:40Nothing new in President's speech.

 
11:37Chart update

 
11:30Market is taking on a Bearish tone. Looking to short again.

 
11:22News -- Whitehouse talks have been stopped.

 
11:21Out @ 1440 [0]

 
11:14Stop now at 1440. Breakeven

 
10:56Inverted Head-and-Shoulders has shown up. We might get that pop to the upside yet.

 
10:47Need to see movement in the next 10 minutes.

 
10:44Not liking this trrade.

 
10:44Should have seen higher prices by now.

 
10:39In @ 1440

 
10:37BUY 1440 - STOP 2 pts

 
10:36Stopped out @ 1439 [+4]

 
10:31RV @ 10:25 is now a level 3. Watch for a flip here.

 
10:26RV @ 10:25 is a level 2. Should be some type of a pause here.

 
10:25Chart update

 
10:22RV @ 10:25

 
10:21First support level has failed. Next level at 1436.

 
10:09Starting to see support.

 
10:01Why the short call so early? Most the indices had 2 of 3 conditions: OSS reversal, candlestick reversal, or were at strong resistance areas.

 
09:32In @ 1443

 
09:30Sell 1443.50 -- stop 2 pts

 
09:19Good morning.

 
 
 
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