wednesday ramblings (and tues night futures)

400
well that was wrong... csco closed over 2431 at 2434.. thought would close under it

353
poss bear convoluted QQQQ daily HS type pattern

351
hit that .61.... idk if they can hold it down here... they "should" but had good vollume on te .61.... the .61 target hit precisely

346
i think csco will close under 2431... last 2435

345
grrr the ABC long is gettin smacked a little here... down to 2788 from 2800

342
think they will sell


into the close
 
341
ok no damage done for shorts qqqq....yet....this is ok to me ...for swings

340
one push more to 4461 is allowed BUT cannot sustain, and will be bearish close to me

336
ok heres 4455 near 57.... see if it holds down here... this was expected up... right on time

325
failure to headfake the qqqq to .57 by 3:43 would be weak, bearish,

322
even if qqqq close here at 4450 i'm still bearish on them//// they close near highs might turn bull

318
qqqq should break under 4442 for 4433 next

310
qqqq might get a spike up shoot start headfake to 4459 then down...

308
ABC long is doing ok....going up as mkt goes down

307
2424 csco target down last 2433

305
MM are holding it up here and selling into this, i think,... after they are done


shorting it will drop
 
 
303
4433 trgt qqqq

302
selling now...heavier....

300
sell program likely to hit in minutes seconds

258
they r dropping the bid and asks... possible sell program to hit soon

257
qqqqq scalper stop 4457, daytrade would be wider

255
qqqq charts say lower...at least one more 10 cent push

250
on more volume push down is needed on q's... that should give the second target... tho my targets have been off by about 3 cents today... so needing to sell / cover manually

247
good...turning so far


down from 4455.....
 
 
246
ok qqqq hit 4455....best thing would be to turn down here

242
1.5%....close enuf


to 4444 is why i sold
 
 
242
selling som typ daytrade 943 cost sell 958

241
if qqqq under 4455 is very bearish in next 8 minutes

240
4 cents from qqq target #1

239
1102 spx support testing now

238
qqqq targets downside are same now as 3 hours ago lol

235
and there go the qqqq in a quick 10 cent drop in seconds

234
sell signals here.. MM selling

232
volume picking up on qqqq... see what happens

216
1.1 million $ of berkshire just sold red

212
on qqqq 60min...notice that the candles are consolodating UNDER THE HIGH not over it... a type of inside day bearish

207
the csco short is getting monotonous, might close this today at mimial profit and re-invest these funds.... too much work monitoring something thats not moving


205
qqqqq targets down still are 4444 and 4433. last 4467

201
MF on stock ABC: Higher hi but prices lower high, on daily

150
qqqq slammed into the DTL daily R line and backed down... see if they can recover... still bearish on qqqq

147
long in ABC fell from 28 to 2789

146
bershire hathaway shares continue to deteriorate...good for short position there

141
yes. thus far we have 2 bear shooting stars i was looking for earlier today,,, on 15min 10min charts

138
the adx dmi is suggesting that the rally up today is weakening and not sustainable over coming days... this is a diff reading


than 2 hrs ago on adx which was inconclusive
 
 
135
if VIX hits 21% would be bearish intraday... last 20.46%.. VIX has held support thus far today

129
gettting that 15min shoot star bearish...qqqq need 15min candle close over 4482

126
the ABC long trade premise still holds on that position.... last 27.99

125
qqqq not sustaining over 4473 yet,,,,

122
VIX has dropped today but still over its support

121
qqqqq 2min 1min shoot stars as expected....very interesting action...needs to sustain not just pop....

119
watching for poss shooting stars in the 3min 10min charts

118
ok 4473 qqqq... see if they can sustain over this

1256
yes berkshire falling as expected :)

1251
taking a 25% position SHORTING berkshire hathaway shares

1246
in coming hours / days, i'm looking to SHORT the Berkshire Hathaway... prob not today

1235
csco could pop over 2446 but its showing exhaustion signs.... looking for lower...last 2437

1232
thus far, qqqq unable to claw back up into its 3min upchannel.... still below the channel support line

1228
ABCcontinues to press upwards :) .. been in and out of ABC long since july when it broke over 19... look at that steady move up... idk how long it will last but riding it up as long as it lasts...there are signs that a turn down is ahead though... but still riding up until it fails

1224
i dont think qqqq will retest its highs while it remains under 4473...last 4469

1220
the qqqq broken UTL riest is at 4471, close to that 4473... see if it holds under or breaks back up into the up channel 3 min... right now, i see this as a broken 3min upchannel, and this is backtesting it

1217
if ABC hits 2806 should give 2821 then stall...last 2801

1213
ABC amerisourcebergen inc looks ready to breakout over the 28.00

1212
csco needs a 10min close under 2428.... last 2433

1200
3 min chart qqqq declined from the 4480 to 4457 and formed a rectangel which i project to break downside, give other indicators

1157
if qqqq turn down trgts are 4441 and 4433...chart pattern suggests 4433

1151
nothing conclusive in adx dmi analysis of 60min and daily qqqq

1148
in 60 minutethe qqqq rsi did go over my preferred max of 53 and hit to 57 but still bearish qqqq for now... looking for it to turn down

1147
BACK at 4457 again....lol..held here grr... still think it will break

1144
qqqq 10min chart has a DTL... qqqq popped OVER it but are now back under that DTL resistance... so we have declining R with the QQQQ under R for now

1143
qqqq have formed a 3min up channel and are now straddling the UTL support line... watching to see if that breaks lower

1138
cmon qqqq break that 4457... my work still says it will

1131
UNDER 4473 i'm bearish qqqqq intraday

1127
3min qqqq bear harami forming here

1124
qqqq 4441 target down..think we will test that... last 4461

1121
ok the qqqq bounced to 4464 as expectede...still short....now looking to break the 4458.. last 4463

1120
qqqq hit 4459 or 2 cents from the 4457 trgt... could bounce up here... last 4458

1118
lol.. i just keep shorting into the rallies.... been working... one of them will be the "big one" drop, i think... from SWING perspect

1117
qqqq 10min bear diverg

1116
if qqqqq breaks 4466 then should see that 4457 trgt

1116
qqqq...poss bear HS forming in the 10min...only half baked

1111
qqqq should revisit 4455ish...see how it react there if it gets there...last 4469

1110
qqqq need to break 4466...loast 4467

1108
i'm still bearish lol.... qqq only marginally violated my 4473 max R,,,,for now....

1101
qqqq 4466 is micro support now...see if holds or breaks

1053
comp might want 2247 last 2240

1051
qqqq might want 4488....thought 4473 would contain it... was wrong... last 4475... nonetheless i remain short

1049
back i typ 943...buying bak the shares... agressive not for faint of heart... have profits to play with for day

1047
qqqqq exactly hit the 4473 R from 945 AM.... lets see if it contains it... i thought it wouldnt get over 4473 but there is volume here.....

1045
TYP daytrade stop set to breakeven on remaining shares grr... thats why took some profits at 2% .. welll i'll hold 25% of TYP daytrade with a lower stop

1038
4456 q is the 2nd r after 4747

1035
qqqq at 4447 near the 4448 R.... if that breaks could make a run to test HOD...still bearish on qs

1033
csco 60min has a beautiful bear harami candle pattern. a 2418 stall in the csco is ok for shorts

1026
still thnk qqqq stall 4448 max...last 4444

1023
i sold some when qqqq hit the trgt.... locked 2.1%
 
1022
scalpers in TYP would take 2% profit now, on at least a piece of their trade

1021
4423 qqqq should stall...next trgt down.... last 4433

1020
qqqq 4436 target hit....could bounce a lil here to 4448

1012
qqqq 3min poss form bear HS but dont think it wil fully form b4 dropping to 4436

1011
qqqq new minor R is 4455 now

1010
qqqq 4436 next then stall bounce a few cents

1009
yes. qqqq backing downn.... following the roadmap perfect for now

1007
there it is....4444 to 4450...think it will turn bak down soon

1006
qqqq should bounce here 4444 to 4448 then down

1003
qqqq calls hit .62 near the .63 target.. those r hard to estimate

1000
my swing type is red down 4.8% right now but its volatile and could easily go green

957
i have a short qqqq daytrade setup for aggressive trades... 82% confid... qqqq at 4462

953
shorting the qqqq here 4460... will add 4473 more shorts

950
hmm interesting...my software says they are selling into this upmove

947
qqqq resist at 4460 4473... don't think it sill make over 4473

938
see if qqqq can get over 4460 R.... last 4451

933
sold some calls at .57 on qqqq march 45

914
if qqqq > 44.40

913
I will likely sell QQQQ 45 calls at the open or close to it....

10:55 PM
Update from yesterday:
Yesterday (Monday) I called for 2 things to happen on Tuesday today: (1) a bearish mMm pattern would occur today (we had the mM and was expecting the 3rd m) and (2) a bearish 3 day candle pattern evening star. We got both. This is bearish. Again, in the coming days (maybe tomorrow) I'm looking for a close BENEATH today's low.

10:03 PM
For Wednesday:

IF the SPX CLOSES Wednesday lower than tuesday's low, then I'd expect a 20-30 point drop in the coming days (could gyrate up and down of course).... more precise targets to follow....


* 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".