3:59
i did add some spxu swing at 42.71
3:43
WOW this is getting messy complex. I am still bearish. Many are looking for the HS to setup. However, i just surprised myself when one chart pattern i worked out WARNS of a possible re-test of 1100! I'm surprised, I do not think it will happen, but this messiness has presented the pattern in the charts, so just wanted to pass along.
Again, I remain bearish, just trying to be unbiased.
3:40
a pivot driven approach would support shorting here, swing, but i'll wait
3:39
into the close, charts are confused, with slight up bias
3:35
into the close, charts are confused, with slight up bias. spx 1064.
3:29
my work suggests that bulls are weakening, but it warns that another thrust up is possible. i'll pass on swing shorts tonight. i can always re-enter, at worse i re-enter at yesterdays prices lol...but this time with the right setup, not having to endure pain today.
now, to be fair, if we close here, my work also suggests that the bias is to move down tomoroow to retest support
3:14
sso could see 35.17
2:36
my work still says more up today or tomorrow. i know its hard to believe but thats what it says, for now. spx 1062 last.
2:04
spx remains perched over one of my spx DTL lines...no backtest yet...this could get exciting
2:01
bear HS setting up in spx 3min
2:00pm
certainly some shorts here for longer term hold is reasonable,,,,,with stops at 1106ish
12:27
then still looking for sso 34.97 target
12:16
to start, sso .63 target if .53 breaks. not selling there, but trgt. then still looking for sso 34.97 target
12:11
back in sso 34.50
11:51
stopped out of rest of sso at .48. took profits on first half.
11:44
i see "one more bounce up" then down. spx 1062
11:39
3467 sso could work here. stop .56 if a tite stop desired
11:36
FOR SWING, not daytraade: preparing to short this spx......NOT YET....it's opening up and developing now....idk if this is the high or not.....my work says higher 65% confid. FOR SWING, not daytraade: preparing to short this spx......NOT YET....it's opening up and developing now....idk if this is the high or not.....my work says higher 65% confid
11:30
spxu could poss dev a powerful inv HS (bullish for spxu, bear spx). watching for that intraday
11:27
possible re-entry one more time into morse sso scalp...but no buy signal yet
11:04
spxu is now at 43, my buy # from yesterday. yest i would have bought it here....waiting
1102
if we break my dtl up...then i'd expect backtest of it, then direction will be determined. dtl now at 1065ish
10:58
sso stops raised to 34.47 breakeven....profits locked in on half already
10:46
sold 50% sso .71
1043
normally i would sell some sso here but i dont got enough shares :(.....only my starter position...didnt move lower to let me add more
1039
sso should have stalled at .63...it didnt...bullish
10:38
spx broke 1060 right on time....one minute early. YAY! How's that for timing?
10:30
expecting the break over 1061 in 7 minutes
10:30
my work still says same as yest-- another pop up, then down. the down should be good for swing short, when it developes
10:28
for now, sso targets 34.63, 34.98, higher ones added later if merited.
10:25
percentages will be lower in sso than upro 3x,,,but i like the sso better. dollar profits will be the same, i just buy more shares for equiv $ profit with less % profit. The $ profit is waht i care about.
10:24
34.93ish sso target. last 3449
10:11
sso 34.48 starter position...if goes lower i will add, if warranted. loose stop at 33.80, might raise or lower.
9:51
daytraders can try a short at spx 1062... i won't, at least now. expecting higher, but could work as scalp. i'm staying on sidelines
9:35
Looking to re-enter spxu, not yet. Maybe around 43. last 44.18
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
Thursday, November 5, 2009
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