Tuesday's ramblings

326
BAC has a nice bear hammer in today

317
qqqq touching upper channel line now, daily,,, channel line 4826 depending on how u draw it

303
more institut selling today qqqq around 4803.... might see whipsaw chop in coming hours days as MM recoup

257
qqqq 3min bear HS, half formed

255
vix 3min moved up as qqqq bac went up a lil / flat....

253
10 min chart qqqq backtested the broken utl in rsi....thus far rsi has held the R down...

231
trading my qqqq shorts for BAC shorts instead...bac much better.... i will be out of qqqq shorts today with the scalp profits from before... still have tza swing, bac swing

224
qqqq buy prog

220
adding more BAC shorts 1705

205
charts suggest


lower q's, for now, last 4798
 
204
the qqqq rsi support line 10min uptrend line has been broken lower and confirmed break lower,,,poss backtest up

202
countered by an immediatie buy program... they r trading here now.... sell vol more today tho

200
another sell prog qqqq

149
1 minute later....SELLL programs....qqqq 4798

148
qqqq now testing the rsi 10min support line..trying to break lower....

146
small sell prg.... qqqq 4801

144
BAC breaking down

143
once again,,,,qqqq moving down but not on sell prgm

133
rsi bear dbl top qqqqq 3min

130
qqqq just barely under that 4807 here....

122
BAC short showing weakness, expecting lower (good for shorts)

115
adding qqqq shorts here daytrade 4798

111
LOL bank america BAC has a wick down at 3.04 from 17.07... too bad that's not real, since i'm short BAC...messing up my charts so removing it from chart

1259
the R is holding....for now...

1259
if qqqq moves much higher i will likely abandon rest of shorts near breakeven, keeping the profits taken earlier for a net profit...testing the DTL 10min now

1249
FXP swing moving up, on track

1248
desc triangle bearish in qqqq 60min... but under that 4807 still key

1235
4792 trgt first....last 4796

1233
charts still suggest lower q's here

1232
if i were nervous on the newly added shorts, could exit here breakeven,,,but i'll give it more time

1223
needs to stay under that 4807 mentioned b4,,,over that yea could breakout

1219
we should pull back here...in qqqqq..last 4799

1208
if qqqq stay under 4807

1207
i still expect a lower intraday low, or retest of LOD

1158
hmm...small buy programs here...watching these shorts

1156
this addition is "early"..riskier

1155
adding more shorts here 4795 qqqq

1138
yesterday, i mentioned my software suggested that insitutions were selling, which means the the MM had to buy those shares. the MM thus needed to let the price up yesterday, and now MM appear to be selling to take their profits. no large sell programs suggests they are selling, lettiing it up, then re-selling the shares they bought from insitut... hope that makes sense

1131
vix bull cup handle 3min bullish vix bearish spx

1126
oops filled 4792

1125
re-shorting shrs covered at 4779 here,,, 4791 short

1123
20,000 qqqq at 22 cents = $4,400 profit,,,, 2000 shrs = 440 profit

1117
qqqq should make a lower low to set up a bull diverg with a chance to maybe go long on a daytrade, short for now daytrades scalps,,, short swing

1111
8.23 would give 4.2% profit if able

1110
stil have 50% shares....holding for typ 8.23ish

1107
4779 target hit....partial scalp profits taken,, about 1.5%

1105
4739 qqqq would be target after 4779 if able

1103
if qqqq do not stall bounce at 4776 target--bearish.... will prob take some scalp profits at 4776, saving other shares as longer daytrade

1101
still no big sell prgr as qqqq down at 4782....might pop back up so MM can re-short

1100
taking 1% scalp profit on 30% of shares in typ here

1058
target from 937AM still in...4779 qqqq target on break under 4789



1057
qqqq down at 4790 here but not on a sell prgrtm

1055
the qqqq has 60min 3 big long leg dojis, with 60min overbought, bearish

1054
thus i remain daytrade short

1053
for now, my software says they are selling the mini rallies today,,, sell vol continues higher than buy vol

1038
minor sell progr here in qqqq 4800

1038
thus far, sell vol in qqqq is more than buy vol

1018
typ 786

1018
i will daytrade qqqq 4803 short

956
10min bear HS mentioned yest continues to form on qqqq

943
stop 6.87 on tza

942
swing in tza

941
buying tza 7.10

937
4779 qqqq target on break under 4789

936
qqqq4789 would be first support test...last 4792... testing now basically

* 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".