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TIME	ALERTS
18:45	12
14:52	Reversal at 14:47 had an effect, but I don't expect an more big moves. Cancel the 830 sell order.
14:48	SELL @ 830 is still open.
14:46	** STOP @ 837 PROFIT [-3]
14:45	Target 855
14:44	** IN @ 840
14:43	RV @ 14:47
14:42	** BUY @ 840
14:39	Market is tight as a spring.
14:37	** BUY @ 838
14:37	Expecting a pop.
14:35	** SELL @ 830
14:35	Think about selling @ 830
14:33	We are at a minor reversal.
14:26	** STOP @ 841 PROFIT [-3]
14:24	Our reversal has an effect, but it was only good for a few points. A sign that the previous trend is strong and will continue. Cancel that previous BUY order.
14:23	** IN @ 838
14:22	** SELL @ 838
14:22	his could go down.
14:18	** BUY @ 846
14:18	Watch for smap reversal to up side.
14:17	Profit [+5]
14:17	** EXIT @ 840
14:15	Might want to take quick profit.
14:15	Remember: RVM @ 14:17
14:14	This should get us to 840
14:13	Be ready to sell again.
14:13	** IN @ 845
14:13	** SELL @ 845
14:12	** STOP @ 850 PROFIT [+4.5]
14:09	RVM @ 14:17
14:08	Remember: RV @ 14:17
14:08	Looking like the down trend is going to be stronger than the support at 846.
14:07	If we get through 846, then 840 is the next support.
14:06	Watch for a little bouncing at 846.
14:05	Move stop to 855
14:05	Should be a stop of 853 now.
14:02	** In @ 854.5
14:02	** SELL @ 855
13:55	** STOP @ 863 PROFIT [-3]
13:55	RV @ 13:53 14:17
13:53	If we fall to the down side, 840 is a real possibility.
13:50	** SELL @ 860
13:50	** In @ 860
13:48	** STOP @ 862 PROFIT [-3]
13:46	S @ 855
13:45	** IN @ 859
13:45	** SELL @ 860
13:37	At some point today we need to get back to 875. That might happen soon. Once it does, we can say the effect of the clustered reversals has done its job. So, we wouldn't have to keep that in the ack of our mind any longer.
13:34	R @ 870
13:33	Cancel the SELL. We are getting to high.
13:27	** SELL @ 861
13:26	We need a good break below 863.
13:25	Market is showing a strong UP trend since we went through that cluster of reversals earlier. Keep that in mind. A couple of minor reversals in the last hour did little more than bring the market down a few points to the support at 863.
13:19	Looks like a move down to 858 coming.
13:10	In limbo right now. Just watching.
12:52	Looks like the cluster took affect.
12:35	** STOP @ 859 PROFIT [-3]
12:33	Below 850 we go into free fall.
12:32	S @ 850
12:30	The last reversal took us sideways, so this reversal should be played as a continuation of th eprevious trend. As I write, I see we are donw to 855.
12:30	** IN @ 856
12:26	** SELL @ 856
12:25	May have to short at next reversal.
12:21	Cancel last BUY. We'll try again at next reversal.
12:21	RVM @ 12:26
12:19	We need to see some upside action in the next 5 minutes.
12:15	RVM @ 12:17 looks strong
12:14	** BUY 860
12:13	May have to lower that BUY
12:11	** BUY @ 862
12:09	RV @ 12:13
12:08	Notice the trend down from 10:00. Clustered reversals can cause these longer trends to reverse. Watch for a possible move up over the next two hours.
12:04	Not the support and resistance we are having around 863.5 today.
12:04	Cluster of reversals have each taken their turn at effecting the market. I should start adding some type of confidence rating with each trade. This one would have scored low.
12:01	** STOP @ 861 PROFIT [-3]
11:59	Pull-back to 862? Ya, I can see that, but no further.
11:55	** IN @ 864
11:54	We need to see a CIT by 11:56 or cancel the BUY.
11:52	** BUY @ 864
11:52	These clusters are hard to call. Sometimes they all work together as one big reversal, and sometimes they all have an effect. 11:52 is the center. Let's llok for a reversal there.
11:49	EXIT @ 863 PROFIT [-1]
11:48	Get out of the position you have. I don't like the way things are going
11:47	Cluster of reversals is from 11:48 to 12: 05
11:46	Be ready to EXIT and go short around the time of the cluster of reversal around 11:54
11:43	*** ATTENTION ******* There are a number of changes coming to the Trading Room. Be sure to subscribe to the Free Weekly Newsletter so I can stay in touch with you. See "FREE Forecast" on the menu above.
11:39	** IN @ 864
11:39	Target 872
11:38	Cluster of reversal around 11:54
11:36	** BUY @ 864
11:24	I am back. We had a RV @ 10:56 that worked out nicely. We also hit 858 finally.
11:01	Back in 15 minutes.
10:55	We are going up. At 868 now.
10:54	Think I would sell at 863
10:52	Is that a pennet forming?
10:51	Now, will 866 act as resistance?
10:51	S @ 863
10:42	I should have held the stop at 869, but have to stay with the trailing 3 points so we have an objetive measure
10:42	** STOP @ 868 PROFIT [+5]
10:37	Stop should be 869.
10:36	We are on the way down. Support is at 858
10:36	Everything is pointing to a big dump.
10:32	We are back to the question: Is this a double top? Yes, if move below 864.
10:32	Stop should be 872
10:29	***** ATTENTION read that last post.
10:29	Page refresh as been set to 15 seconds. 1 minute is too long.
10:29	** IN @ 873
10:27	** SELL @ 873
10:25	I think we'll go short.
10:25	That is the reversal I am talking about. Sorry for the confusion.
10:24	RVM @ 10:30
10:23	That chance of a pop at the reversal is still alive.
10:19	Sure looks like a double top is forming.
10:16	Are we putting in a double top?
10:13	We hit 866
10:10	S @ 866 sorry
10:10	S @ 868
10:08	S @ 868
10:07	Trend has change to DOWN.
10:06	RV @ 10:17 CST
10:05	Pull back bounce off top of triangle. Up trend still in effect.
10:03	** STOP @ 872 PROFIT [+2]
10:02	Market moved fast. I doubt you got the 873 stop, so I record it as out at 872.
10:01	Move that stop to 873
09:59	Stop should be at 872
09:56	Good morning!
09:54	Stop should be @ 870 now
09:53	The original triangle has turned into an ascending triangle.
09:51	And as I say that, we get in at 870.
09:51	Doesn't look like we will get in.
09:49	At market was 869.5. I'll try to get in at 870
09:48	** BUY @ MARKET at RVM
09:48	I am calling the trend down, so we want to BUY.
09:47	This is getting hard to call.
09:45	Trend is down as we approach RVM
09:39	Sure looks like we are going to see some higher prices in the next 10 minutes. Let's hope we get a clear trend into the reversal time.
09:36	Breaking out of triangle right now.
09:34	The RVM @ 09:49 could result in a pop. (big move)
09:30	RVM @ 09:49 Remember, this is CST time.
09:23	Too late to get in on that one.
09:23	Oops. I was busy swtiching the times over. Failed to notice the first reversal at 9:14
09:14	****** ATTENTION We will be using the futures chart today All time are CST

Previous Intraday Trading Session: [ 12/4/2008 ]