Thurs thoughts

323
5775...5900 tvix trgts==chris

303
1235 and 1238 resis, under that bearish into close,,,over could stage a rally, bias down imo----chris

259
there she goes,,,1231 next :D
257
THERES 1234.50--watching for expected break but not confirmed...chris

254
BELOW the market ,,,at es 1233.75 short could work==chris

247
1234 es has held,,,but chances favor a break lower if it tests it again, may not survive another test, but for now is holding--chris

239
1234 trgt being tested now on this nasty candle--chris...now watching for green bull harami ,,or another red one

236
uh oh poss nsaty 3min ex candle forming now--watching how it closes this and next one--chris

226
but so far the 1234 es support holding--chris

222
if 1234/32 es breaks lower,,may not see over it for rest of day===chris

213
es held the 1234 support test at 1235,,but dangerous here,,needs to hold it,,,lower v poss on es---chris

211
crazy wild V on sco 3min (oil)---chris

206
bulls need a higher low,,they do not want to let it get to 1232 es again imo==chris

205
there it is, down,,,,under 1240 suggests 3 more red candles===if stays under--chris

203
this is potentially bad sign: premature bull failure on the 3min candle count here==chris,,shouldve had 2 green candles here

200
bulls need to break 1251 ES to get any real upside traction---chris

155
thats the third candle,,,now watching what happens===chris

150
heres the 1238 es test....watching support reaction here,,,breakable imo---chris

146
sideways bearish on 3min es now ,,next 4 candles on 3min chart==chris

145
1238 trgt test on es,,,needs to hold around there else lower imo...watching if it tests or not---chris

130
watch for pullback in es intraday off the 1242 resist--chris

119
added tvix 5500 here==chris

1236
tvix  60.00 trgt, l;ast 5915, then same higher ones==chris

1234
Market Maker reports suggest they are buying VXX, should be good for the related TVIX==CHRIS, bearish for spx

1148
bought tvix back 5770==chris

1135
5940 stop hit on tvix, only 8% profit on that piece,,still have 25% left==chris

1131
9 candles expired, needs more time to decide ES--chris

1129
here 5990 tvix could work, but high risk aggressive only---chris

1122
8 more minutes left, on prior 9 candle count--chris

1121
76% now

1120
1229 es needs to hold, else prob retest daily low, or make lower low--chris

1113
here at 1232 es,,,,74% confid sell prog alert----chris

1109
agressive could short 1232 es=chris

1106
5907 likely if 5940 breaks==chris

1105
close to 5940 stop---may get stopped out, tho holding atm, 5994 last tvix

1100
on this pattern, the next 9 candles or so on 3min, may determine if this is a trend down day

1059
3min chart suggests waiting at least 9 candles b4 long es, imo---chris,,see what it does in meantinme

1055
6100 is newly created support on tvix,,,if it can hold that would be v bullish on tvix,,,often does not hold the new support,,watching the expected chop in 61-62 area,,if 61 holds it may not look back until after 64===chris

1049
stretch tvix trgt is 69.00ish. last 6219==chris

1036
*5940 stop on 25%

1035
stop 5980 on 25% of tvix, 5730 on second remaingn 25%

1034
now watching 6100--6200 chop zone on tvix, watching reactions==chris

1032
tvix now near trgt #3 but not taking profits on this trgt,,,instead using manual trailing stop--only have half left, at 11% profit from 930 am==chris

1028
up 9-10%ish from 9am now,,,5730/5800 stop on remaining half tvix, shile awaiting higher targets,,,60.00 last==chris

1020
5750 supp,, 61.12 next resist trgt higher

1019
close enough to tvix 6040 trgt :)==still see the higher trgts, tighten stops==chris

1016
if es 1230 breaks, then 1220 trgt lower==CHRIS

958
tvix next 6040 trgt, last 5915 over 5870 trgt==chris

957
close enough...copnisdering TVIX trgt 1 hit, at 6.5%ish move up profit from entry,,holding 75% shares still---to keep selling at each trgt or near it==CHRIS

950
tvix 55.20 suppp...resist trgt 1 58.70, last 5755 from 5508 entry this morn===chris

948
3min bear shoot star-es==chris

941
5870 first trgt tvix, up to 65 later

931
in TVIX 5508==chris


* 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".