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Previous Intraday Trading Session: [ 12/3/2008 ]

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TIMEALERTS 
16:02See you tomorrow!

 
15:53Nice put to catch any big drop at the open tomorrow.

 
15:53.RZAXR has Ask of 2.15
It is down 3.15 for the day.

 
15:47** STOP @ 864 PROFIT [+4]

 
15:45Beat up enough today, Will take profit at 868 is possible.

 
15:44Ya, I would be looking at some Puts for tomorrow's open.

 
15:42Stop is 864

 
15:41Stop should be 862

 
15:40Cancel the SELL

 
15:40That spike up made me feel better.

 
15:38Why isn't it move more?

 
15:37Notice I have not cancelled the SELL.

 
15:37I don't like the fact we rose into the reversal.

 
15:35** IN @ 860

 
15:35It is show time.

 
15:33Got a feeling it is going up.

 
15:33Lets at a BUY at 860

 
15:33** BUY at 860


 
15:32RVM @ 15:35

 
15:31RVM @ 16:00 Mmm... Pick up some options for tomorrow's open?

 
15:29Very close to reversal time.

 
15:29Target would be 842

 
15:28** SELL @ 851

 
15:27Yup. It is going to pop.

 
15:266 to 7 point swings.

 
15:25More inclined to BUY than SELL.

 
15:25Mixed signals everywhere.

 
15:21** STOP @ 856 profit [-3]

 
15:19Fast movement. No time to adjust stop

 
15:17** IN @ 853

 
15:15Some time before the reversal.

 
15:15It is getting ready to do something big.

 
15:14Trying to get in at 853

 
15:13RVM @ 15:35

 
15:12Trying to make up its mind around 857.

 
15:11Darn. 2 down candles before reversal. Could go up.

 
15:10** SELL @ 853

 
15:10Here we are at the reversal, and the market climbed right into it. I want to short.

 
15:09Wow! JUMPING ALL OVER

 
15:07That reversal coming up could send us right back down.

 
15:07** STOP @ 851 PROFIT [+3]

 
15:06Mmmm.... RV @ 15:10

 
15:04Looking for a retest of 840

 
15:03** IN @ 853

 
14:56Trip down to 840 is likely.

 
14:55Big triangle on the 1-minute chart. Do you see it?

 
14:49** SELL @ 853

 
14:47Oops. RV @ 14:47

 
14:46Cancel SELL.

 
14:39We could be back to 836 in the next 20 minutes.

 
14:39Give or take 4 minutes.

 
14:38RV @ 14:34 That is now.

 
14:38RV @ 15:10

 
14:35** SELL @ 852

 
14:34With perhaps higher highs to come in the next 15 minutes, I see the possibility for a sharp drop there after.

 
14:33Cancel the SELL. Should have gone long @ 853

 
14:31** SELL @ 852

 
14:30Let's rethink that last alert

 
14:30** SELL @ 848

 
14:26Consider selling at next reversal 14:30

 
14:25RVM @ 14:30

 
14:21We are sitting at resistance.

 
14:20This is tempting.

 
14:14R @ 845

 
14:13RVM @ 14:22

 
14:11More likely to go up now than down. WOW, just went to 842.

 
14:03R @ 841

 
14:02We are back to 840, so our risky LIMIT at 837 paid off.

 
13:57As I thought, it is bouncing around the 837 support.

 
13:54Be ready to sell under 840

 
13:54** EXIT at 837 PROFIT +11

 
13:53I'll SELL again at 834

 
13:52So that is STOP at 840 LIMIT at 837

 
13:51I am going to try to get out at 837 is hit again.

 
13:50Stop should be at 840

 
13:49If you have two contracts, I would exit one at 834.

 
13:48Strong support at 834

 
13:44Do we blow through 837?

 
13:44S @ 837

 
13:33The worse we can do now is to break-even on this trade.

 
13:28** In @ 848

 
13:28S @ 834

 
13:25** SELL @ 848

 
13:17Move below 850 would make me think about shorting.

 
13:02RV @ 13:05

 
13:01We did not stay in the limits I was looking for, so no really big pop. We are in a very congested period now, and I am still looking for the big move down, and it has to come soon, within the next 30 minutes, or I am just wrong.

 
12:48I am still seeing a move down.

 
12:48If we stay between 857 and 855 for the next 5 minutes, we should get a pop.

 
12:43Well, I should have said "something strange in the markets or with me."

 
12:42Something appears strange in the markets today. A reversal as strong as the one we just passed through is seldom wrong. I have also set a record today: stopped out 4 times in a row. For the rest of the day use extreme caution.

 
12:34I am getting gun-shy after being stopped out so many times this morning. Call you own shot on this one.

 
12:33We are at the double reversal.

 
12:27** STOP @ 856 PROFIT [-3]

 
12:25Very likely we "touch" 855 again.

 
12:24Another RVM @ 12:32

 
12:23I had a cclient call. Time to get caught up. The previous trade would have stopped most of you out at 857 for a loss of 3 points. Hopefully, you were able to get back in at 853.

 
12:19Get back in!

 
12:13RVM @ 12:32

 
12:10** IN @ 854

 
12:05Triple top?

 
12:02If we continue to move down over the next few minutes, get ready for a break below 855.

 
12:00RV @ 12:02

 
11:59The pennet is no longer weel formed, and a move above 864 kind of kills the double top.

 
11:56Finally got a reversal from 11:46, but we are still struggling between the pennet and the double top. Stay tuned.

 
11:52RV @ 11:46
Been going sideways since. That indicates a move down.

 
11:47** SELL @ 854

 
11:46** STOP @ 858 PROFIT [-3]

 
11:45Watch for double top

 
11:41** IN @ 861

 
11:41** BUY @ 861

 
11:40There will be a pop in the next few minutes.

 
11:38Cancel last SELL

 
11:381-minute chart looks like a pennet is forming. That would be a move to the UP side.

 
11:36** SELL @ 850

 
11:33856 is the level to watch. Maybe SELL if we go below.

 
11:325, 10 and 15 minutes candles are all pointing down.

 
11:31With no reversal and no chart patterns, I am watching the 5 and 10 and 15 minute candles. Candles work well when there has been a sharp move like we saw today.

 
11:20I think I would buy if we got back down to the 856 level.

 
11:15There is not a single reversal in site, nor any resistance.

 
11:10S @ 852

 
11:04Watch your 5 and 10 minute charts for reversal candles.

 
10:55No confirmation on the last reversal, so we pass.

 
10:39** RV @ 10:50

 
10:35Cancel last SELL. We have moved too high.

 
10:34This might take 10 minutes to turn. We may move our SELL entry point up a few points.

 
10:31** SELL @ 840

 
10:30RV @ 10:30

 
10:29Something about this move up I do not like.

 
10:27At 841 now.

 
10:26Most likely UP. We are at 838 now.

 
10:25Big pop is possible in next few minutes.

 
10:22Watch for a move below 834. It could be the start of a big decline.

 
10:16** STOP @ 838 PROFIT [-3]

 
10:09** SELL @ 835

 
10:06Yup. Looking like a SELL at 10:12

 
10:03If we get a rise into the 10:12 RV, I would consider shorting.

 
09:59Time shift. 10:52 reversal moved to 10:12

 
09:56S @ 822

 
09:50RV @ 10:52

 
09:18Good morning!

 
09:18We will be using the SPX times and prices today.

 
 
 
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