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Previous Intraday Trading Session: [ 2/18/2009 ]

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TIMEALERTS 
15:13We got our POP, but it was after hours, so I cannot record it as a trade. Hope you made some money.

 
14:54Its tighting up like a spring.

 
14:50If no trade within the next 5 minutes, we call it a day.

 
14:44** SELL @ 783

 
14:37** SELL @ 781
** BUY @ 789
Which ever comes first.
Market could move strongly in the last 30 minutes.

 
14:28Market appears to be setting up for a POP

 
14:26Looking for 790

 
14:11** STOP 789 profit [-3] though day

 
14:10** IN @ 786

 
14:01Target is 781

 
14:00** SELL @ 786

 
13:56May get in sooner


 
13:56One could make the case for a descending triangle.


 
13:55Getting close to 780

 
13:40The way the day has been shaping up, a triple digit loss is now possible.


 
13:39** SELL @ 780

 
13:28** STOP @ 784 profit [+2]

 
13:12** IN @ 786

 
13:10** SELL @ 786

 
12:43Looking for a pull back to the 787 level befor going lower.

 
12:17Move below 786 would not be good. Ben is speaking.

 
12:06Expecting a move to the upside.

 
11:55** STOP @ 790 profit [+2]

 
11:37This is strong support. We fall below, it should be a major fall.

 
11:35S @ 788


 
11:24Oops! The market moved fast. If not in at 792, go for 791

 
11:23** SELL @ 792

 
11:19Obama is about to speak. We know what happens when he speaks. Later today, Ben is going to speak too.

 
11:17** SELL @ 790

 
11:11** STOP @ 792 profit [-3]

 
10:56** IN @ 789

 
10:50We should not go below 783

 
10:49** SELL @ 789

 
10:45Sould see a move down starting with in the next few minutes.


 
10:38*****************************

Anyone having trouble being logged out frequently? Let me know.

*****************************

 
10:37Wave counts seem to be the predominant indicator today. Pay special attention to wave counts today.


 
10:35A sell @ 790 could be good for 5 points.


 
10:28Wave 3 did not fail.

 
10:28R @ 793

 
10:06On the 10-minute chart, we are currently heading towards a wave 3. Watch it closely. If it fails, and we fall below 778, SELL!

 
09:36Reminder - As I stated in the newsletter, Tuesday was to be the most active day, and I was expecting a rally this week.

 
09:08Here is what just happened: the market moved down sharply from the open into the 9:00 time frame which usually causes a reversal: however, we just happened to be close to the low for the day and in the middle of a descending triangle. It had the potentional to go either way.

 
09:08Triple-Exdrine day.

 
09:02We are right at a reversal that popped up out of no where.

 
09:02Sorry for th econfusion. Trying to do too many things at once

 
09:01BUY @ 787

 
09:01** SELL @ 787

 
09:00Cancel that last trade and BUY at 787

 
08:59** SELL @ 784

 
08:57We go short at 784

 
08:43Good morning!

 
 
 
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