Thurs ramblings

400
Didnt get a fill on GILD short,,,will try again tomorrow, no rush,,,may raise the short limit price

359
lower es is likely tho a bounce may come first,,,, the first doji may allow a pop higher but should turn lower later,,,,often the first doji set will cause sideways or bounce up,,then a lower low,,,then the next doji may give a reversal higher,,,dojis work better when the trend is in place longer than a few days,,, first doji usally a conitune pattern (in this case lower after poss bounce)

354
TBT: possible bull morning star,,,watching to see if it gaps up tomorrow,,,today would be day 2 of 3 day pattern that needs confirmation on 4th day or few days after

340
GILD short 39.13 limit could work if filled, 3884 last

320
wow SLV now down 5%

314
watching SLV reactino here, near a support level, may stall/bounce or break lower

313
slv selling hard now, 3240 to 3140

244
tlt held support,,,charts suggest it will break tho it may take a few tries, on 60min chart (TBT resist)

217
silver and dba starting to sell some here, watching to see if sustains,,still early selling

202
DUG hit  29.11 or one cent over the 29.10 trgt , stalled, and pb a bit,,,still see higher targets for DUG

148
DUG just hit an interim trgt, 3% roi, from entry at the close yesterday

144
DUG buy alert, may break the triangle now

125
DUG has a bull asc triangle with a trgt of about 29.10 if broken to upside, 15min chart

114
TBT 15min has a 3x bull diverg with macd/rsi and price,,,, and macd hist ready to cross over 0

109
to me the 60min ES suggests such rally but it should be shortable once its done,,,notice the rsi bull diverg is there but its a weak divergence, which suggests its shortable, but the bounce is expected on such diverg,

1256
tbt may still watn those lower trgts, unsure, but starting here

1255
TBT: early entry based on near lower buy trgt 1 posted b4,,,and a bull diverg on 60min,,,tho 60min diverg not finished nor complete

1252
i'll scalp some TBT here 38.11, to hold overnight if needed, may take some profit today

1247
ibm approaching 158.90 trgt, will waqtch reactions in this area, last 159.44, watching for stall bounce,or if support breaks, usually support will hold on first try but observing for now

1238
DUG has nice 60min bull diverg rsi, and is trying for rsi bull failure swing, if so then it should go higher toward upper targets

1125
this pattern in silver,,it will usually go down, bounce, then down hard,,,,the first down  (poss happening now) should bounce

1118
silver daily, looks like topping

1054
tbt may want to go down to 3775 or 3665

1052
TBT long swing entry may present, no entry yet, may need few more hours work

1041
shorter term (days) the DBA 60min and daily chart suggest a lower low, then a bounce to a lower high

1038
since november, this is the FIRST TIME that DBA has been below the center boll band line,, i see more downside in agriculture as it corrects, then poss re-entry long,,,i remain short the dba for now

1032
DUG now at gap resist, also a profit area , 2.2% roi here

1031
obviously an interim lower DUG target would be near yest high

1027
IWM russel resist at 80.70 will watch reaction there for poss formation of bear HS daily,,could overshoot target first,will watch

1024
in coming weeks months, ung could see a 20% move up, but one step at a time

1018
a look at spy charts since March 2009 year does show that usually SPY red WEEKLY candles often come in groups of 2 or 3, so could see more down first

1009
Looking for entries in TZA,,,none yet, may take a few hours for a setup to present ,,,for additional swing shorts

949
DUG ultrashort is up despite ES being higher, shows why shorting a sector can work, if ES falls than DUG should rise faster

939am
DUG limit order sell 30.87, last 28.01, may sell half of it sooner

* 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".