friday ramblings (and Thurs eve / Friday pre-market ES Futures)

420
intc did a classic "overshoot fib, then fall bak under it",,, a sell signal using some methodologies,, 20.47 was the 62% fib,,, INTC overshot to 20.56 and closed under it today!

407
INTC,,,it should really fall hard,,this is low vol rise into the 20.00 area,,,and intc fell hard there recently on hi vol,,,, i expect under 17 intc

405
WOW....the intc,,, 8 million
shares sold RED 20.07,,,the wick
is real,,,,
8 million,,tho not sure if its 3.9 million or 7.8/8.0M

401
WOW intc,,,nice weakness into close,,,still short swing there

359
shorted JPM .65 here for swing,,

358
.73 jpm lim short if able

352
looks like i missed a fill in jpm,,,wont short unless can get .75ish,,,,wont chase, already short finan via WFC,,,will wait till next week for JPM if no good entry today, tho even .65 looks good, will pass for now,, if i


werent short wfc i might take

25% size jpm here



350
INTC just hit that .35 trgt,, last .34,,,, all targets were hit today on csco intc

341
if i cant get 3783 jpm then i'll short at close

339
shorting JPM limit 3783 if filled for swing,, 25% size starter position

328
limit order: short WFC 2638 good for day only,,,prob will not get filled, last 2600

325
thats a large distrib on intc on low vol day

325
1 million shares of INTC,,,were sold,,, red,,, 20.46

320
i'm writing on whiteboard now "ES short 1179 looks good swing",,,but no entry,,, will see on monday,, i will short swing at higher level today maybe but waiting 1179

314
INTC looks like v nice swing short still

305
ok close enough, and trgt was hit,,, covering half of csco here .86 and will reshort bounces

259
csco just hit the .86 trgt from 10AM


256
i very much doubt csco will run thru .75/70 without some bounce,,,watching if it gets there

254
csco now just 5 cents from .86 trgt,,,still trying for lowr .78 if able tho to cover half

247
the 3min bear HS intc has a .35 trgt if it triggers

244
poss bull asc triangle 15min intc but inside a daily bear rising wedge, so,,,,

244
hmm,,unlreliable pattrn but 3min INTC has complex bear HeadShoulder

242
to me,,, an aapl close under 300,,,bearish for the qqqq,,tho qqqq been doing ok without appl, not likely if under 300

231
TIME



analysis worked,,, its 231pm,,,and


csco hits the .93 target
 
 
226
2293 csco trgt by 237 pm

225
that often means more downside b4 bounce

224
increasing down vol in csco here but without large block orders,,

210
if it hits .78 and fills the cover,,i'll reshort the bounce today or mon tues,,, will only cover half at .78 and keep half ,,in case of no bounce/feeble bounce a la BAC style

208
still waiting on csco .78 limit order trgt,,tho theres support at .86 also,,,will see what it does next 2 hrs

205
csco just will not move up :)

201
50k shares csco red 2302

151
spy 118.90,,poss swing short entry, last 118.60,,, will watch reaction there if it gets there,,, will likely use SPY not sds or spxu,,, spy higher vol and no leverage decay,,,just buy 3x dollar amt to mimic 3x etfs

145
csco likely pop up a few cents here then lower, last 2302

141
spx also has one but in 15min chart

140
the aapl bear desc triangle mentioned yest continues to deteriorate

1229
intc and wfc are same as b4,,lil weaker

1229
csc0 next 2592 support,,,it is just dribbling lower ,,dont see plunge here,,,but nonetheless down is nice for short

1224
csco had quik spike to 2207 with quik rejection bak to 2300, shoot star 1min

1211
intc has pulled of its highs 2056 to .40 ,,,watching to see if puts in lower hi or not

1210
csco just did the mini bnc to 2303, a cent from 2304 trgt,,not sure if done or not,,2311 could happn and still be bearish


1141
csco


should bounce to 2304,,2299 last
 
 
1137
same


action mentioned yesterday,, market maker trick fwiw
 
1135
often when a large red block is printed,,prices will pop higher but then reverse back lower,,, red block means institut sold but forced the Market Maker long,,,so MM pushes up price to scalp his profit, then trend resumes in direction of the block sale (down),,, opposite for green blocks

1134
there's that MM action again,,, large block red sale 2305 followed by spike to 2312 followed by down,,,

1119
350,000 shares csco red 23.04

1108
one push down on the spx should send csco down to its target,,,its sitting on the low of day rite now

1051
csco rect approx 30 cent range, so 30 cent trgt 2300 down on 2300 break gives 2270 trgt,,,rite near the 22.78 prior low support trgt,, interesting how tech analysis confirms itself (range measurement confirming test of prior low on break of range)

1049
CSCO reports at strange dates,,, Nov 10 next earn

1047
if csco breaks 2303 then 2288 should get the .78 limit fill, testing 2303 again now

1045
WFC should get a nice move whenever it breaks the 15min range,,tite boll bands,,,bias is down atm, still short,, tite consolod ranges r often v good entry points cuz when they break usually moves nicely

1033
limit cover half of csco swing at 23.78, last 2311

1028
aapl poss roadmap: 304 to 306 then down then 309,,, the 309 area may present swing short opps,,poss long scalps b4 then but i am not taking any now

1020
intc still in the bear rising wedge daily, not broken down,,yet

1019
intc is rallying with spx,,, csco is not, wfc locked in range

1005
bounce normal as the trgt is hit, stil see lower csco

1001
csco testing 2306/2303 area,,,if 2303 breaks then same trgt as yest, 2278/73,

csco wfc  intc  shorts doing well

939
CSCO red sales 272000 shares 23.12, bearish for csco, good for shorts


939
WFC red sale 243,600 shares at 25.79,, bearish for wfc, good for shorts


7:23 am friday
ES down 5 points,
8:30 gdp report, 
9:45 chicago pmi. 
9:55 mich sentiment

* 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".