Thurs ramblings (and Wedn eve ES futures)

328
15min bear shoot star qqqq .. needs confirmation with 15min candle close under 4721

321
qqqq 60min chart still suggests a pullback, to me, in coming hours days. i'll keep my swing shorts ... simple view: look at macd hist and macd signal lines for qqqq in 60min chart, and the RSI

230
qqqq down trgts 4667 4603 4528 (approx targets, more precise ones later)

222
qqqq 60min bear desc triangle vs coil

204
expecting that VIX will break higher on its next test of 1937...last 1874

200
nervous IBM shorts could exit here near breakeven... 22 cent loss on 127.09 basis.. i remain short of course

156
ibm drops from 12765 to 12735 in 2minutes

152
also more qqqq minor sell prg here

152
as expected, qqqq go from 4717 to 4712 last

151
my software suggests qqqq distribution 4717...watching to see if falls lower

143
IBM avg basis is now 127.09

142
adding more shorts IBM 127.46.... short #2

141
qqqq first target 4667 if it ever ..breaks 47 lol..prob stall bounce there

138
vix 1862 needs to hold

137
if VIX doesnt hold gap support around here....the bullish vix island will be broken

132
qqqq 60min OBV sloped down but has not broken support yet... adx says uptrend in qqqq is tired but not confirmed as bearish yet

131
qqqq william%r is right at its trendline support now....watching to see if this hold or breaks....

128
its testing it now....

127
since feb 25 the qqqq have held support at the 60min uptrendline. i expect it to break lower, but until it does the qqqq r tech still bullish.

122
the VIX may have formed a bullish inverse island top (island bottom) .. bullish for vix, bear for spx. this is the island top i mentioned a few days ago that i was looking for in spx,,, did not get in spx but one is forming here in VIX. If the VIX holds the gap support, we will have it.

121
ES is dev a broadening formation 15min

118
small sell prg qqqq at 4718

116
yest i went short ibm, exited with profit, and re-entered. tho now the new entry is red

104
shrtoing qqqqq 4716,,, TYP 836

1240
qqqq up here but not on a buy prgm

1236
the band is no longer flat/constricted

1236
among other bullish vix signs, note that on the 15min VIX the upper Boll Band is already stretched higher as the VIX tests HOD....this usually results in a breakout... the BB will lead in this case

1233
qqqq moving lowerr here but no sell prgm

1230
vix breakout soon...93% confid level... last 1930

1238
qqqq right on the flat narrow lower BB here... a break lower sustained is a sell signal since the bands are constricted...

1226
a vix close 10min over 1940 would be bullish vix bearish sxp,,last 1931

1225
qqqq staying under 4716 would be bearish

1225
it could very well signal that the HOD is in,,, maybe

1224
it could be signif tho...that a sell program kicked in "down here" at 4710 vs 4725

1223
4706 and 4697 key


supports for qqqq...watching if they

hold or break.. last 4707
 
 
1222
qqqq sell prg

1221
charts suggest a breakout higher in VIX is imminent

1221
VIX moving up...bear spx warning...big green bar 3min VIX

1218
a 10 min close under 126.94 or pref under 125.63 would likely negate the bullish warnings from IBM, as i remain short.... bull warnings in effect until then for me

1205
the IBM has developed some bullish signs that are not good for short... watching this here... still short but watching for possible early exit / re-entry

1158
GE headed lowr but may present daytrade opp long llater on a bounce.... last 1638

1155
paas 60min poss bull cup handle

1141
watching to see if IBM gets a 13 min large HS pattern.. idea only, is only half formed now... is this the head here now?

1136
adding more paas shorts here 2265

1135
3min PAAS bear HS good for daytrade shorts from b4

1132
VIX continues its bullish pattern from last 3 days, intraday here

1124
60min and 15min charts on VIX have bull flag if it can hold. break over 19.31% could trigger upside vix, downside spx

1108
IBM poss roadmap: 127.25 to 125.25 to 126.25 to 123... (round numbers only since IBM price is over $50)

1010
for scalpers: paas is easy scalping last few days... 2220--2260 or 40 cent range

955
IBM hit the 126.73 target from yesterday---re-shorted there

953
adbe order cancelled

950
short adbe 3514 if able

9:24
will spx go for 1150 this morn? alternatively, 1148 was "it" for now and we correct down before 1150.... 1148 is close to 1150... tho double tops (if thats what we get) often OVERSHOOT the prior # and then decline.

* 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".