| TIME | ALERTS | |
| 22:28 | SUMMARY
Another day with little in the way of reversals or chart patterns. There was one level 3 reversal at 4:05, and that one workout well but was too close to the close to trade.
We did have some candlestick reversals (see yellow highlighting on chart).
The Mercury / Saturn aspect appears to be the big reversal today. I don't usual use any astrological indicators for intra-day trading, but our recent interest in Jack Gillen's sensitive degrees as got me looking at them.
Gillen's bullish and bearish periods today worked in reverse. Is this an inversion? My answer is NO. Those two colored boxes were drawn by me, and represent the period of time when the Moon was in these two sensitive degrees. Maybe that is not the way to interrupted them. I am doing up some charts for the past month that shows all the sensitive periods for the month. Using my method of just drawing a rectangle around these periods does not lead to very good results. So before you critize Gillen, you might want to question my implementation. I let you know when I have the charts for this month done.
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| 17:33 | Trades: +1, -3, -2, -.5 = -4.5
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| 15:57 | Stopped out @ 1414.50 [-.5]
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| 15:52 | In @ 1440
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| 15:52 | I post here before actually entering a trade.
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| 15:50 | Sell @ 1413 - Stop 2 points
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| 15:47 | REversal candles showing up.
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| 15:37 | We are at 78.6 fib level.
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| 15:23 | All resistance areas have been hit. Start watching for a pull-back.
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| 15:22 | Oops, and there it is.
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| 15:22 | Maybe a little bit higher.
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| 15:13 | Chart update
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| 15:11 | RV @ 4:05 level 3
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| 15:09 | RV @ 3:10
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| 15:08 | RV @ 3:30
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| 15:05 | We are in the red zone.
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| 14:57 | I think we can say there was a "W" reversal there. 8 points from the low.
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| 14:51 | Chart update
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| 14:50 | 1410 is a 61.8% retracement.
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| 14:46 | Big pop-up.
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| 14:39 | Found this free chat room applicaiton.
Perhaps you guys would like to share your observation with each other.
I will not post there because I need to keep a record of my posts.
Have fun.
Please! Market only chat.
http://www.oss.cc/tradingroom/aspchat/chat.asp
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| 14:23 | The 1:10 and 1:20 reversals were level 1 reversals. We like to see at least 3 of these within a 10-minute time frame. We did get a small reversal from them as the move upward changed direction exactly at 1:15.
As for the Mercury / Saturn influence, it could very well remain strong enough to keep the markets down the rest of the day. Add Reid's upcoming speech and the bearish red period on the chart, I would say a move upward at this point is extremely unlikely. I think we are going lower, and I might consider a short play here once Reid begins talking.
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| 13:54 | Message just sent to OSS INDICATOR subscribers --
As stated in this week's issue of the OSS INDICATORS, tomorrow is when the highly unusual configuration of the Moon, Sun, Uranus and Pluto reaches its strongest influence, and the lowest point for the market. There was no Santa rally.
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| 13:27 | News Alert -- President will not be sending bill to congress today.
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| 13:26 | See red lines on chart. This could be a classic "W" reversal.
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| 13:22 | Stopped out @ 1401.50 [-2]
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| 13:18 | In @ 1403.50
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| 13:16 | Buy 1403 - Stop 2 points
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| 13:08 | I am thinking of going long here. Very risky. I'll keep you posted.
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| 13:06 | Reid's speech pushed-back to 3:00. Smart guy.
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| 13:01 | OK, maybe Reid will say something positive. Be ready to go long.
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| 13:00 | Chart update
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| 12:59 | RV @ 1:20
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| 12:58 | RV @ 1:10
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| 12:50 | I'm betting my money that the market starts recovering once the Mercury/Saturn aspect passes.
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| 12:41 | Once an aspect is exact, it's influence begins to wane. Could it be that Reid has something good to say?
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| 12:09 | All the candlestick reversals I mentioned earier all failed.
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| 11:44 | The way things are going, I would see a move up as an opportunity to short. We'll see what Harry has to say.
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| 11:43 | 10, 13 and 15-minute candle charts showing a reversal.
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| 11:42 | Candle reversal @ 11:15
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| 11:40 | Chart update.
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| 11:37 | CHECK YOUR EMAIL. IMPORTANT MESSAGE.
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| 11:16 | Harry Reid to speak at 1:00
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| 11:15 | So far today there have been no reversals or candlesticks to guild us. If the green period is to have any effect, it has to start now.
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| 11:09 | Stopped out @ 1404 [-3]
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| 10:52 | In @ 1407
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| 10:50 | Buy @ 1407 Stop @ 1404
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| 10:42 | We are spending a little too much time at these levels. This could go lower.
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| 10:39 | Still viewing this as the bottom.
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| 10:30 | This should be the bottom.
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| 10:11 | The ES has been finding support recently at the 1411 level.
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| 10:05 | We saw this same thing the other day. Market dropped after entering a green period, then snapped up.
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| 09:51 | Looking to go long again inside the green period.
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| 09:47 | Stopped out @ 1416.50 [+1]
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| 09:46 | Going to get a pull-back here.
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| 09:46 | Going to get a pull-back here.
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| 09:43 | Price @ 1418
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| 09:42 | Price @ 1417.25
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| 09:40 | In @ 1415.50
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| 09:38 | Buy @ 1415 -- stop 2 points
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| 09:33 | Looking to go long here on some confirmation.
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| 09:05 | Chart update
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| 08:58 | Chart update
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