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Previous Intraday Trading Session: [ 3/4/2009 ]

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TIMEALERTS 
15:00See you tomorrow!

 
14:59** EXIT @ 711 Profit [+9]

 
14:58That was fast.

 
14:58exit at 711

 
14:57Move stop to 713

 
14:54Come'on 711.

 
14:39** IN @ 720

 
14:26There is a whole lot of white space on my chart from here to 711.

 
14:25Waiting for 720.

 
14:20** SELL @ 720

 
14:20** SELL @ 722

 
14:13Expecting the reversal at 14:20

 
14:08Depending on what chart you look at, the reversal could be any where from 14:00 TO 14:20.

 
14:05Hard to believe we will go higher now.

 
14:05Strong reversal at 14:00

 
14:00Notice the market cannot break away from the bottom line of the wedge. Indication that we will fall.

 
13:55Oops! We are hitting a reversal time. Should drop now.

 
13:52** SELL @ 717 if we don't scream upward.

 
13:51Too high for "W" to workout. Could run-away to the up side.

 
13:49All eyes on the current 3-minute candle.

 
13:48We are retesting the wedge again.

 
13:45Get ready to sell at 716

 
13:44717 is resistance.

 
13:40** SELL 714

 
13:39Cancel last BUY

 
13:38** BUY 717

 
13:38** STOP @ 715 profit [-3]

 
13:33RE: 12:00 reversal
The reversal was a "W", but now it looks like it was a small "W" within a larger "W". That means we go down from here.

 
13:21** SELL 712

 
12:45** STOP @ 710 profit [-2]

 
12:39Put stop at 710. This could be the second leg of a "W" reversal.

 
12:38** IN @ 708

 
12:34Looking for 703, but the wave count has gotten confusing. Risky play.

 
12:33** SELL @ 708

 
12:33** STOP @ 710 profit [+3]

 
12:32Notice the long tail on the last 3-minute candle.

 
12:32Move stop to 710

 
12:31We got to 711 as expected.

 
12:30Move stop to 709

 
12:29Move stop to 707

 
12:28711 is also the bottom of the wedge we broke out of. So, it could be a retest.

 
12:24Move stop to 706

 
12:23The 12:00 reversal should take up to 711

 
12:23We are hitting the top of the channel. Will we break through?

 
12:19Mixed chart patterns are causing uncertainty.

 
12:17Move stop to 705

 
12:09** IN @ 707

 
12:08** BUY @ 707

 
12:05** EXIT 704.5 profit [+1.5]

 
12:04Exit @ best price possible. Prepare to BUY

 
12:03We are at the reversal time.

 
11:58Uneasy with this trade. I can see a possible snap back before lower lows. Drop below 703 puts us in free fall.

 
11:51Still waiting to get in.

 
11:49Support is now at 705.

 
11:48We are out of the bearish wedge. But in a bullish channel.

 
11:47We are on our way of forming a bullish channel

 
11:46We have a reversal at 12:00

 
11:46If we do not break support here, we are going higher.

 
11:45** SELL @ 706

 
11:38Currently, the dominate pattern today is a bearish wedge.

 
11:37Resistance is around 713

 
11:26** STOP @ 710 profit [+2]

 
11:25I do not think we will break support, at least not now.

 
11:19Just waiting for support to be broken.

 
11:11Expect a bounce off 709. There is support there, but I think we we drop below it.

 
11:08Stop should be at 712 now. Break even.

 
10:58** SELL @ 712

 
09:41** STOP @ 706 profit [-3]

 
09:35Target 697

 
09:35** IN @ 703

 
09:34** SELL @ 703

 
09:33Looks like wave 4 is forming.

 
08:22Good morning!

 
 
 
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