Tuesday's ramblings

401
well we closed one cent under that 2min candle, so candle theory worked but barely and unprofitably LOL

352
5620 mini R on qqqq

341
the pattern is generally only valid during opens and closes, or high vol times

340
if the theory holds, the 2min suggests a lower close from curr level

337
the next 2 minute candle may determine how it closes

329
for qqqq, a dark cloud cover would be more bearish than a hanging man daily candle,,watching to see

324
i have limit cover qqqq 5579 if able for 25% of remaining shares, and will do other 25% manually, took shares on 50% of shares already

253
82% now

237
qqqq sell alerrt under 5611

233
MCD also sold off

232
KO was first DOW stock in uptrend to sell of harshly on daily chart, then T sold off,,now expecting UTX to do same with multi red daily candles,, other DOW stocks threaten lower in coming days weeks in this same pattern

214
there 5606 trgt mini bnc now watching reactions here

211
normally it would retest the .95 here after mayb move up to .06,,, or from 5601 here

210
if 5590 breaks then 5575 trgt,,,so 5590/95 is impt supp qqqqq to me

208
there it is, hit .95, close enough to .94 trgt,,,watching reaction,,still see lower qqqq but will observe here

159
5605 broke, 5594 next mini trgt from 1:32pm-ish trgt

155
covering half qqqq scalps to lock profit in case bounces over .24

154
hit 5608,,,satisfies test of 5607 expected 12 min ago

152
5594 trgt if 5606 breaks

151
5617 sell signal qqqq again, same as .24 sig

144
qqqq 5610, 5594 trgts


141
expecting 5607 lower test,,5617 last

112
just hit .13 trgt qqqq

112
qqqq have held gap support so far,,,still watching if it breaks lower or not to form bear dark cloud cover

110
qqqq hit one cent over the .24 sell signal and have pulled back, watching for reactions at 2 lower targets

109
UTX has sold off today, shoot star daily candle, axp starting to sell now

1248
qqqq sell signal 5624

1145
5628 qqqqq rejected again on last test. 5613 trgt 1 scalp

1113
hit .28 trgt,,added some shorts here

1104
hit .27 target exactly and stalled,,,will add if it retests there,,,could want higher then .28 to .37==.40

1103
adding .28 if able

1101
raising add shorts to lim .37 not .27 for now,,,took awhile, want to see reaction here at .25

1019
5627 would require a marginal break higher over .25 resist, other R at .36 daily hi,, it's likely i will not get a fill on these additional shares short

1017
i'll add more qqqq shorts lim 5627 if filled, last 5612, if not filled will just run with existing shorts from yest

1001
thus far, no formation, gap support is holding, a spin top daily in qqqqq could result in bear eve star instead

1000
watching qqqq daily for possible bearish dark cloud cover candle pattern today and yest, which would need a confirming close after today below todays low if dark cloud forms

950
still on vacation ,,trading lightly,,,

950 am
may add some more qqqq shorts, no entry yet

* 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".