Wednesday, December 4, 2013

Wedn

247
bought half here at 19.25, tza

245
i have order: buy tza limit 19.12. good for today only

230
dow is weakest:
DIA dow jones is under the 11/20 low, spy and iwm are over it

221
if SPY closes under 179.20ish, "almost" have a key reversal day, tho it doesnt meet it strictly exactly. but note the higher hi and lower low in the same day (today)...a close "near" the low is bearish...its near the top on daily but not "at" the top

215
es exact test of prev posted 1787...watching reaction

151
1787 is ES impt #...bounce to there ok and shortble...under it bearish...if it can sustain above 1787 then it becomes neutral then bullish again.........bias is short until proven otherwise

under 1784 and failure to test or get over that would be even more bearish

4pm system will signal a "take profits on shorts" and "reverse long" IF IF the ES closes around here or lower...if it bounces to high like yest then it will stay on "hold shorts"..

aagain, the "bigger" part of the move often comes during this "almost exit" stage,,,as was posted 2 days ago...we r seeing that behavior manifest here


1220
NUGT and GDX surging now :)

1215
using this opp to take gains on the shorts...esp since i increased the pos size before
more down likely but very choppy, and we did have a big green candle before, so being conservative

it does make sense to keep SOME of the shorts,,,the 4pm sys REMAINS on "stay short" from the higher levels entries....

1016
added shorts via spxu, at 180.38 spy, 1798.50 ES

* 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".



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