Wedn thoughts

338
1.75% AA profit from this morn on half,still holding half of AA from this morning--chris

333
aa stop 1040 last 1042,,,tite stop into resist zone here---chries

324
1035 stop on half--chris

316
AA still lots of R at 1036--1045, hence poss need for poss profit taking near here, waiting for now

314
in the event that AA hits 1063 today, i'll take profits on it there,,,may take half off at lower level---chris,,prob wont get that hi

303
the 3 bars bear sideways phase on 3min chart has passed,,,may turn higher now or more sideways--chris

301
1233/34 supp held on first test, more supp at 1228 es,,under that could drop--chris

254
if es is over 1228 at 3:06ish,,,would still be bullish intraday==chris

253
3min chart says sideways down bias next 9 minutes, but 15min may overrule it, esp at this time of day, imo--CHRIS

252
waiting 15min at least b4 closing longs,,15min chart suggests first 3min pb may be bought===chris

248
1233 and 1228 new intraday ES supports imo---chris

245
tho timing analys does say hold AA long at least 4 more hours,,,likely 16 hours, unsure--chris

241
lots of resist 1039--1045 on AA that it needs to clear,,,watching reaction in this area,,,may want to pb===chris


239
AA is up to 1% profit from entry this morn, its chopping around ,,,holding it longer for now,,,poss exit to take a small profit and re-enter on pb ,,but real trgt is 6%ish higher==chris

236
first pb on 3min bounced, the 3min chart is tired now BUT doesnt offer sell signals yet ,,,just warnings,,15min now says hold longer---chris

228
es still over 1228---chris

159
needs over 1235 in 5 minutes approx else could go lower, still bias for higher trgt, trailing the stop==chris

157
1227.75 es stop on second half,,,its tight but can always reenter

153
1234 es trgt just hit-=--chris

152
over 1228 bullish imo, ES==========chris

147
9 minutes in advance, the 3min pattern suggested the 1221 low entry, pattern followed thru this time, tho fails sometimes of course---CHRIS

143
first pb prob bounce on 3min

143
3min chgart says hold long scalp longer==chris

138
1234 ES trgt==chris,,,then high of day,

137
1229.75 stop on half to lock 8-9 points-ish==chris

136
tighten stop is long from 1221, last 1228--chris

133
ES hit the 1227 trgt at exactly 9 min trgt, 1:33pm,,,3min chart now giving extension to the bull phase intraday---chris

128
1224.25 "should" give 1227 trgt,,,struggling at 1224 3min resist atm (prior level of supp broken)===chris
fail to break 1224 could see retest of daily lows


 
122
3min chart suggests up bias next 9 minutes imo--chris

120
1227 es first trgt, stall likely there--chris
thus far, the 3min chart called the current low right on time,,, starting bounce right at 1:13pm

115
bounce buy program alert, confid 79%,,,needs 85% to move==chris,

114
aggressive could try 1221 long ES--chris, tho its early entry

107
3min chart may tell us something at 1:12pm, sometimes this pattern creates a bounce up, but still forming and not confirmed (intraday only)--chris

1241
the 9 minute bearish bias expired, and the small candles formed, now watching the narrow range to see which way it breaks...CHRIS


1225
here are the smaller candles on 3min chart---chris

1224
imo,,downward bias next 9 minutes on ES,,,,may present long scalp opps if it starts to move sideways, smaller candles,,,watching reactions for now---CHRI

1032
10.84 is AA target if able, or about 6% profit if it hits target,,,may need to sell at lower targets for less profit and re-enter, depending on charts, letting it bake for 2 hours to see where it is

1029
Long AA alcoa dow compon 10.23 here===CHRIS

917
there it is, es hit the first trgt, took profits on half, stop near breakeven on other half, es up 15 points now- dow up about 130-chris

901
may take profits a little under target if ES stalls here on retest 1237/1236.50ish==chris

857
i have premarket limit orders in to take profits in SPY on half of shares, approaching target now

832
yes spx closed under 1240 clearly, but that long entry was an exception based on the 60min charts and "bounce warning" they were giving since 3pm yest desp late day selloff---but watching support closely and will quickly take profits, can always re-enter==chrs

830
imo, i'm bullish on any SPX closes over 1240==bulls need back above that, so atm i see higher than 1255 spx unless charts change,,,maybe know more after todays action---chris

826
my 60min chart says SPY has 4 hours of sideways / up bias, with a likely 4 hour extension to that ---chris, using same calc methods on 60min as 3 min charts, just larger timeframe for swings, yest the 3min charts nailed their targets within minutes of their time target calcs

821
went long SPY yest at ES 1229 and 1233

817
ES 1239 is still same first target for longs entered yesterday.  ES is up 7.5 points atm. 1232 last.

* 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".