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Previous Intraday Trading Session: [ 2/4/2009 ]

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TIMEALERTS 
12:46Too bad. The market went over 841 by just 1/2 point before diving to 831.

 
12:45** STOP @ 841 profit [+4]

 
11:55It might be a good idea for you to take your 5 points and get out of this trade. I will of course continue with the 3-point trainling stop.

 
11:47Almost stopped out, but still in.

 
11:322-hour candle says we are going lower.

 
11:22We are playing with the house's money now.

 
10:46This trade is taking too long to work itself out. We are now looking at an increased chance of another leg up. And as I write this, we finally seem to be moving down. Hang in there.

 
10:08Sorry for all the typos this morning. Hope you can figure out what I am trying to say.

 
10:071-minute chart showing a descending triangle.

 
10:02There is support at 844, but I think we'll shoot through it was the decline starts building steam.

 
09:59Check out th e5-minute chart. The high came right on time.

 
09:58I expect it will take some time for this trade to paly itself out.

 
09:49** IN @ 845

 
09:34The 1-2-3 top did not form as expected, but we are at the 9.30 reversal. Any highs made in the next 5 minutes should be the high for this rally.

 
09:33We must see a reversal in the next 10 minutes.

 
09:28Looking like a 1-2-3 top forming.

 
09:24Such support at 845.50

 
09:22The 9:00 reversal did not work. Now we face the 9:30 reversal. Keep trying to get in at 845.

 
09:06** SELL @ 845

 
09:05RVM @ 09:30

 
09:05** SELL @ 844

 
08:22Good morning!

 
 
 
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