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Previous Intraday Trading Session: [ 4/29/2013 ]

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TIMEALERTS 
24:29Trades --
Scalpers: -2, -1, -1, +2 = -2
Sluggers: -2, -1, -1, ? = ?

 
20:48Sluggers -- Lower stop to 1590. Current price is 1586.75

 
15:39Sluggers -- We may have to hold into the night session. Your stop should be at 1592.

 
15:30Trade #4 -- Scalpers out at 1588 [+2]

 
15:10Target 1583

 
15:07Trade #4 -- Sell 1590

 
15:07Trade #4 -- Sell 1590

 
14:27Looks like the market is at wave 5, but we don't have any clear signals for a move down yet.

 
14:13Now we have a wave 5 pattern showing since the bottom at 9:40. We should peak-out around 1593-1594.


 
13:32Odd behavior in the market today. Standing aside for now.

 
13:19Trade #3 -- out at 1589 [-1]

 
13:19Exit at 1589

 
12:48May have to get out of this one if it stalls here.

 
12:28Trade #3 -- Buy 1590

 
12:28Yup, reversal being ignored. Should continue high to around 1594, then the 1:05 reversal should kick in.

 
12:15Another reversal at 1:05
It is lunch hour now. Not much happening. The 12:10 reversal may not affect the market.

 
12:11We have conflicting signals.

 
12:06There she goes. Now the reversal could send us lower. Watching and waiting. BTW: Lowering the stop was not a boo-boo. Saved us a point.

 
11:58Chart update. See the pennant on the 10- and 15-minute charts.

 
11:56This would suggest a 7 or 8 point move higher.

 
11:54With the sideways pattern and a reversal at 12:10, you would expect a continuation of the trend which in this case would be up.

 
11:40I think I pulled another Rob "lower the stop too soon boo-boo"

 
11:36Chart update

 
11:34Reversal at 12:10

 
11:31Trade #2 -- Stopped out at 1587 [-1]

 
11:27Trade #2 -- Lower Stop to 1587

 
11:05Trade #2 -- Sell 1586

 
10:20Be ready to short again.

 
10:03Trade #1 -- Stopped out at 1583 [-2]

 
09:45Looks like a little rally is due here. Remember I am not posting Stops. You should automatically place a fixed 2-point stop on all trades unless instructed to do otherwise.

 
09:371577 is the target

 
09:35Trade #1 -- Sell 1581

 
09:30Watching for another top, then down we go.

 
09:29ES is riding the top blue line. It will drop to the bottom blue line.

 
09:27See chart update.

 
 
 
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