Tuesday's ramblings

403
TLT was only able to hit its first trgt, not its 2nd, so took off TLT as posted,,, it may want to pullback deeper now, on sidelines for now, out of TLT 8994 from 8896 cost,, still no entry to short TLT yet, or TBT long yet, to me

359
IBM selling nicely into the close here :)

351
Long uso oil 3542 swing, half size

343
shorting swing NWSA 17.06

333
taking 8984 profits here TLT on 75% of shares,, 8986 last
took profit tlt

330
mental stop .81 on tlt in case of move down instead of up

328
9047 tlt lim sell, for now

327
Still have the TLT limit orders in place to lock profits if hit,,,will prob at least take off half of TLT shares today even if trgt not hit, to lock partial lower profit

302
VXX 3min is bullish, may put selling pressure on es spx

159
ES  "should have" shuffled sideways longer at 1327 on 3min chart,, ES may be in trouble here

118
tlt 8944 long here could work

111
wow look at DBA 60min chart

103
(or bull ascending triangle)

102
(the moving avg equiv of bull flag)

101
on 60min chart, TLT has a flat 5 Moving Avg and rising 15Moving average, often results in upside break higher

1256
euro is making the expected move up,,,charts suggest that after this one finishes it should make a lower daily low, in coming hours days,,,move up not complete yet

1252
NFLX has a bearish harami on daily candles atm,,,needs confirmation in subsequent days with a close below the daily low

1248
the inv HS that has developed today just so happens to measure closely to yesterdays upside trgt #2 TLT,,, 9047

1247
15min TLT has bull inv HS, 60min forming bull cup handle, confirmed in stoch and rsi

1221
to me, other indicators, trendlines, macd rsi price etc are more useful than wave counts

1220
euro could be in wave 3 down still here, or could be in wave 4 up, unclear,,,,as mentioned yest in currencies the 5th wave is often larger than #3 wave,,, wave 2 was up not sideways, so alternation could suggest w4 sideways not up,,,in any event chart suggest lower low after this 60min chart up move finishes

1210
Euro 60min chart small bounce has had 2 support line utl line redraws,, suggesting one more bounce in euro 60min and then on to lower lows, in coming hours days,, generally a break of the third trendline support redraw signifies an end to the move up and a trend reversal

1201
DBA agriculture etf continues sideways daily,,, thinking a correction lower coming, then higher

1149
1291 es swing trgt lower,same as b4,, last 1325

946
TLT has spent last 6 hours in bull consolodation,,,watching to see if support continues to hold the higher low, and a break higher toward target #2,,,hit target #1 yest with a 2 cent overshoot

938
still have vxx lim sell 2846 too

937
TLT lim sell 9047 for now from 8896 buy,,last 8963

933
VXX daily is in a bull falling wedge,,,when it breaks higher out of it, likely spx qqqq selling pressure will cause lower spx,, vxx still in the wedge tho getting tight


* 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".