May 21, 2009

05/21 Intraday update

2:38PM

The market will have rebound from here.  Not sure about LOD now.  This down wave can be truncated here.  So bears take some profit if you are daytrading.

 

1:40pm

No surprise from the market yet.  A very weak day and expect market to close @ LOD.

 

1:09pm

Key thing to watch is the close.  We have not close below the 20 day MA ever since this rally as I mentioned in a previous post.  It will be a milestone if bear achieved that.

 

 

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12:45pm

Today’s pivot points. 

 

 

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12:21pm

Still remember the trend day play I mentioned about?  If not go to this link:

http://rollinglines.blogspot.com/2009/05/trend-day.html

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