Wede thoughts

545
FAZ moved up about 1% afterhours from todays close. i changed my mind and decided to take profits here, because i have other short positions that i'm keeping.

401
FAZ jumped to 2570 AH,,,still holding tho

359
on 60min ES chart, that big red candle on volume, followed by selling near close,,to me is one indication that sellers are not done yet

356
wow ANN near that .80 support,, ANN down 4% today

353
inconclusive on my gap analysis,,,tho gap down more likely,,,but timing analysis for SPX still has 4-8 more hours on its downward bias / short rally status tho

351
HPQ has dropped over 16% since entry

349
HPQ just keeps falling,,,down another 3% today :)

349
i'm not holding TVIX overnite,,,but will hold the shorts in ANN HPQ NSC,,and long FAZ

346
stop tightened now on TVIX to prevent a loss

325
first day in a week i thinkk,,,that its managed over 78%

324
80%,, only prob is support is close by lower so down may be limitied, suggests test of low, it could break it

319
depending on todays close, gap analysis might suggest a gap down, ignoring news and first of month,,but analysis incomplete atm

305
78% could cause a test of low of day, and a new daily low

258
76% ES sell now

255
in coming hours/days if EUO gets 19.88 i'll take profits on half of swing from 18.76

248
tomorrow, opp may present on TLT long swing,,needs a few more hours first imo

245
faz "buy" rang

241
watching for vix to shoot up before close some

235
ES still on 74% sell short scalp intraday, needs 74--85% to really move

234
i dont expect 2380 to break rigth away on ann,,,but if it does,,,,another drop likely

229
looking for EUO swing to continue higher tomorrow,,poss take profit on half tomorrow, unsure,,longer term 20--22 targets on euo, last 1900

220
if it can get over 1373,,es may try to test its high of day instead,,,imo under 1372 bearishy

219
ES was rejected right at trgt 1372 (prior supp turned resist),,,wathing now if it stays below 1372,,,simple uncomplicated horiz prior supp break 1372

1256
will sell some of the TVIX if it hits 1698

1249
74% ES sell signal just rang at 136850

1233
took TVIX here 16.51

1200
1368 es short could work now, imo,,,,tho i'm not trading it--

1159
for scalpers, a short opp is setting up for ES,,,not quite ready yet but could be any minute

1155
ES could go either way here: 1367 pullback to new daily low, or creep higher first....aggressive could trade the short if it moves lower

1144
poss short may present if ES can creep to 1370--72 area (creep not surge)

1143
mentioned yesterday, still watching, that Since Jan 18, there have been 3 "sets" of red candles on ES,,,that often marks top,,today thus far we have a red candle, and it may move lower from here in coming days,, 3 sets of red candles is "similar" to 5 waves up, for Elliot wavers

1132
watch for a possible daily SPY bear engulfing pattern,,no matter what it does, spy will have a tail today if not the bear engulf,, also a poss SPY bear key reversal day with a higher high and lower low, if it closes near the lows, tho a low thats lower than now is preferable

1128
that bounce on es was weak,,,is breakable here for new daily lows imo

1122
bulls need es over 1355 imo,,, if it moves back to 1350, the bounce will likely be sold, as it will not be making a higher low on the daily chart

1119
ES has extremely weak bounce so far, could be in trouble intraday, for a run to the second ES trgt lower

1055
huge drop in ES, now stalling as-ES right at support, watching to see if bnc is weak or not

1053
NSC puts up 50% from yesterday,,,,lower trgts should give much more

1052
faz now at trgt 1,,,holding it for trgt 2 higher

1047
26.97 faz target #2

1046
SPY  SPX still on the 8-12 hour "short" bias that started yesterday

1040
NSC short targets are 6775 and 6500 trgts lower, last 6930...if 6750 breaks the 6500 trgt is poss

1031
EUR/USD now at daily 3 day support,,,if this breaks, could see further intense selling on euro, for now support is holding but looks breakable

1027
EUR/USD just dropped sharply lower, may see a reaction in ES SPX
meanwhile still holding the EUO from yest

* 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".