wednesday ramblings (and tues night futures)

403
when candles get messy like


this,,,i switch from daily view to

2day view,,,the 2


day candle is a bear spin top doji

type thing
 
359
i'm going to take a LOSS here in this qcom about 1.7%,,,,still see down but re-invested in better chart setups

340
note how much weaker goog is than spx...goog is no where near yest hi

244
ES trendline support 1112 on 60m, so 1112 target for now

234
heres intraday 1116 es test,,,still need 15minclose under it, followed by sustained

230
tlt 60m starting to form bull diverg 3x ,,,only have 2x now, third not done,,  smart money going to bonds???

217
decent volume on this lil move down here

202
es bullish until gets a 15min close under 1116, then bearihs

152
finally a qcom sell prog alert,,,watching if it triggers or not, at 4176

150
wow


caught it just in time,,tza now .61
 
146
program autotrader 82% wins,just went long tza 2945

135
watching for bear HS to form es 3min

123
tza now in horiz support .38 then .10

121
if tza takes out 2910/2870ish i'll exit the newly entered tza and look for other entries

117
tza .55 did not hold,,,last .43

1258
down a little, up, then down hard is the usually roadmap on this pattern here

1257
ES 60min stoch now newly over 80 but with the dbl top stoch in 15min,,,usually this will pull back,, initial entries over 80 on 60min stoch are often bullish, but not with this chart pattern

1251
the candles daily "could be" breakaway gap candles,,,but this is not the usuall formation since these candles are at/below resistance,,,breakaway gaps are better when over R, so i still favor them as being bearish candles with an island top formation

1249
xlf has broken the 60m uptrend support line, and now backtesting up

1248
spx gap open under 1110, or a daily close under 1100 would be the v bearish spx signals, for me

1244
tza buy prog alert, russel sell signal at tza 2960

1223
grr qcom has trapped me LOL,, red 1.5% now,,,short still valid but i might need to exit this for a 2%ish loss,,, staying for now but may need to exit this one,, short still valid so watching to see if short pattern is wrecked in coming hours


1219
also, a close over 3027 tza today would further suggest the 2910 was the signif low for now

1218
2973 last tza,,it did bounce from my .60 entry

1216
earlier this morn with tza at 30.50 i suggested tza low would be .55,,,lod so far 2952,,,watching to see if this holds as low of day

1159
if tza holds here then it would suggest that the 29.10 low was "the signif low" for awhile, until higher targets hit

1158
IF IF the tza holds here it would be v bullish for tza,,,another higher low...watching carefully

1156
bought tza at



.59 close enough ,,, tza should now bounce,,, been waiting 2 hrs for this #
 
1155
tza 9 cents from fill,,,will still buy 2955 if filled

1133
goog hit 47840 near the 47825 trgt,,,still see lower goog trgts 473.27, 463, 448, 441

1130
tza back near the 2980 swing buy zone now, 2990,,,still might want 2955 but here's decent too

1126
JNPR also forming HS on its 60m

1124
heres the qcom test for formation of poss bear HS mentioned at 10am,,,4140 needs to hold as R else 4155 again, not sure it will form, since it was only speculative at 10am

1113
removing order to cover 1113 now,,,missed by .5 at 1113.50,,,now should go lower,,,will do manuyally

1110
if 680 breaks should pop nicely, else turn down here to re-group and poss buy-bak any shares sold

1109
UNG just hit 677 right near 679 trgt,,,still will hold to watch reaction,,,and also for 720 trgt, from 622

1107
still plan to cover some ES 1113 limit

1104
if i didnt have some tza from 2947 i'd have layerd in some 2980,,,but have some already

1103
2980 last tza,,,still will buy more 2955 if filled

1057
watching for poss bear HS to form on qcom 3min

1051
limit buy 2955 tza if able, last 2988

1036
limmit cover 1113 from 111675 if able

1024
intc has some hammers on the 60min,,,bearish as it starts to top here

1022
shorting 1116.75 looks good

1004
taking 25% shares off for 2 points profit more again,,, (shorting via spy, spxu etc not directly ES, using lim orders),, still have half


1003
taking 25% shares off for 2 points profit,,, (shorting via spy, spxu etc not directly ES, using lim orders)

1002
ES 1115 short looks good, i tried


1115 cuz 1116 resis above it on

the DTL 60min
 
but dtl is newly formed so weak R for now

955
ES up tho i believe the piercing of the 60min trendline shows weakness for later,,,tho its now above it,, notice the 15min bottom tails,,buyers


were not waiting at the trendline
 
 
952
ES is likely to form a coil on the 15min chart, excluding the tails, with declining R now at 1116.50 but moving lower of course

947
es 15min forming some bull diverg 15min

946
tza moving nicely this AM, trgt 3150 after 3104 trgt stall, swing trgt much higher

941
qcom has that v nice, v shortable "macd dbl top followed by a lower high",,, the same setup i used yest on the tza 3min for scalp,, but the qcom setup is on 60min so good for swings and scalps both

938
adding to qcom short here on the bounce at 4137, positions #2 and 3,,, avg 41.15 short base

925
ung trgts 679 720 next,,last 671

907
ES newly formed 60min steep downtrend resist now at 1117, if the R holds,, good shorts may present on touches tests of the new DTL, or shorting at horiz resistances with stops over the DTL

904
GOOG at 478, gapped under 479.50 support, good for goog shorts

902
TZA hit over 3042 trgt this AM premarket, so took some profits there from 29.47 bought yest,, still have faz tza ung and other swings

858
watching ES carefully here next 30 min.... a gap below 1110 and esp under 1108 would be v bearish,,,prob wont go that low by 930 but watching ...last 1111.50.  The 1108/06 was yesterday's ES target that was never hit,,,that remains impt support level horizontal since up channel broken down.

wedn 851am
ES 60min stayed in the lower half of its rising up channel all night, but has broken below its support line at 5:30 AM. so now the horizontal supports come into play: bullish if they hold, bearish if broken. I Still have the same bearish bias from yesterday.

* 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".