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Previous Intraday Trading Session: [ 2/20/2009 ]

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TIMEALERTS 
14:58** EXIT @ 770 PROFIT [+4]

 
14:57GET OUT NOW!

 
14:49** IN @ 766



 
14:46** BUY @ 766

 
14:45Get ready to BUY

 
14:44** STOP @ 765 profit [-3]

 
14:39Our POP resulted in a move from 770 to 763

 
14:36Target 778

 
14:36** IN @ 768

 
14:32** BUY @ 768

 
14:30Current read of the tea leaves is, pull-back to 758 of 762, then a higher high above 780

 
14:29Focus on the 5-minute chart. Still the best indicators for the day.

 
14:27That means the market is coiling up.

 
14:271-minuute chart showing smaller and smaller candles.

 
14:27** EXIT @ 766 profit [+4]

 
14:25Taking a while for the POP to happen.

 
14:23Remember, we get out at 766

 
14:22Looks like another POP any minute.

 
14:20Should be to the down side.

 
14:19Looks like another POP any minute.

 
14:11Move EXIT price to 766

 
14:10** IN @ 770

 
14:04Sorry, that was a SELL



 
14:04Risky play: BUY @ 768 Exit @ 762

 
14:01We will BUY again around 766



 
13:59I still believe there is more to the UP side to come.

 
13:59** STOP @ 775 profit [+5]

 
13:39** IN @ 770

 
13:32This is our hail marry play for the day.

 
13:31** BUY @ 770 with a 5 point stop

 
13:29Wecome to the worse day the trading room has ever seen. We have taken a haircut.

 
13:28** STOP @ 767 PROFIT [-3]

 
13:23** IN @ 770

 
13:21** BUY @ 770

 
13:19If we are going down, this is where it will happen.
WAY TOO CONFUSING TODAY.

 
13:18If we are going down, this is where it will happen.
WAY TOO CONFUSING TODAY.

 
13:18** STOP @ 762 PROFIT [-3]

 
13:10** IN @ 759

 
13:07** SELL @ 759 (cancel 758)

 
13:06** SELL @ 758 (cancel 756)

 
13:03** SELL @ 756



 
12:58Should see a move lower starting now.

 
12:57Looking for a retest of 753

 
12:53Looking for a pull-back that would allow us to go long.

 
12:44** STOP @ 756 profit [+6]

 
12:43** IN @ 762 (short)

 
12:43** STOP @ 762 profit [-5]

 
12:41Let's get caught up.

 
11:18Reminder 862 is the stop for our buy

 
11:18SELL @ 762

 
11:12We are stilling looking at lower lows today.


 
11:11** IN @ 767

 
11:06Currently waiting for the following:
BUY @ 767
SELL @ 761


 
11:05Could move to the up side also.
Just in case, place a Buy @ 767

 
11:01Coiling even tighter.

 
10:57765 at 11:00 spells DOOM.

 
10:55Market is coiling up for another POP.

 
10:52** EXIT 762 profit [-2]

 
10:51This is taking to long.
Exit at 762

 
10:51** SELL @ 761

 
10:45When going short on the next trade, use a 4 point stop. Yup, we are playing risky today.

 
10:44As soon as the target is hit, exit the trade, then go short. Could be one hell of a trade.

 
10:41Set it at 767

 
10:40We have to lower our target.
Set it at 768

 
10:37RVM @ 11:00

 
10:35We just touch 760, but not long enough to exit, so we are still alive by accident.

 
10:30Remember to EXIT @ 760

 
10:295-minute chart is giving the best signals so far.

 
10:28On the 5-minute chart we just put a long tail through the lower bollinger band.

I see a pull-back for a wave 4, and then we go into the basement. Shaping up to be one ugly day.

 
10:23Exit @ 760

 
10:22re: the 764 buy
Look at a target of 769
Cancel the SELL @ 770

 
10:10** BUY @ 764

 
10:08I think we will bounce at 762

 
10:03** SELL @ 770

 
09:52We need to watch for a pull-back, then ride wave 5 down.

 
09:45If there is a move above 775, BUY. I think we wiggle side-ways for the next hour, unless we break 775. That would put us in wave 3 of an upward move.

 
09:42** STOP @ 771 profit [-3]

 
09:42Start trainling your stop again when we hit 766

 
09:41Descending triangle on the 1-minute chart indicating another leg down.
We prevented getting stopped out by holding our stop--all week we've been getting stopped out by one or two points.

 
09:36Keep your stop at 771

 
09:29If we cannot get below 766 in the next 10 minutes, then this is indeed a rally.

 
09:28I am expecting the market to finish in positive territory today

 
09:23** IN @ 768

 
09:22Expect a bounce around 766, then move lower.

 
09:12** SELL @ 768

 
09:12I am not buying into this rally, just looking to short.

 
09:08THAT was totally unexpected. Too much of a gain in too short of a period.

 
09:07** STOP @ 770 Profit [-2]

 
08:59** IN @ 768

 
08:58** SELL @ 768

 
08:57R @ 9:00

 
08:21Good morning!

 
 
 
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