ALTR HOV PTEN TBSI XHB
a short list from my scanner today
July 6, 2009
Energy is weak
Two months ago, we set the target for this Oil rally as the yellow circle region. On June 11th, the peak is just tens of cents away from our target. On Jun 16th, the white arrow area, we call this Oil rally is over. With today’s gap down, some CNBC experts join the weak-oil side. It’s not a bad move for them at all, energy sector still has lots of downside to go and it’s late yet to make the call. Just a reminder this is not the buy-dip time as J Cramer is talking about on CNBC. To me it’s short everything wildly…
07/06/2009 intraday update
4:01pm
market is working towards upper channel and we just wait patiently here. do not long here and take this 10 point advantage, it’s very danger…
2:35pm
Basically, the topping process is over. we can break out to the down side any time. The best case for bull is drawn below and if that happens, it’s a great chance to get out longs for them…
11:50am
Our JRCC short is doing pretty well right and i am considering cover it here now and find another entry later…
11:40am
H&S pattern is testing the neckline right now. once it’s break, measured move points to 82.
July 5, 2009
weekend review pending
my EOD charting software has some bugs right now and i am working on that. i will post something is it get solved early enough…
July 2, 2009
07/02/2009 intraday update
4:02pm
market close at LOD, a typical ending in a trend day. NYSE trading hour is extended to 4:15, but my trading week is over. I will post something over in the weekend to review the general market. Have a good holiday~!
3:30pm
today, I did not mention this is a trend day, but you guys should be able to identify it easily after 11am. gap down, no fill and new low--- a very tradable pattern.
3:24pm
good effort by bears! :) both levels i mentioned are out now
1:05pm
last hour trading before a long weekend. SPX is holding 900 and NASDAQ is holding 1800. let’s see if bear can make a further move before the close.
2:56pm
it’s another MDD if we close the market now.
12:43pm
btw, someone may say this selloff is triggered by the job numbers. don’t think this way. you will never be a good trader if you are following data like this. these data only reflect yesterday. study your chart and look forward…
12:40pm
this is the bloody wave three i was talking about. lots more downside to come, this is really just the beginning. so add short position at every rebound… enjoy this ride to 666 in next three months :)
1:43am
tomorrow could be the day i am waiting for. If it’s a gap up, a great short entry opportunity.
July 1, 2009
07/01/2009 intraday update
3:18pm
today’s action does not seems like a reversal day. could be another push to 930 region. I expect the coming drop to be very violent and bloody, so it must be either a very sharp intraday reversal or a gap down directly from the open. definitely not like this.
1:57pm
In a day like this, only thing a bear can do is wait… we know our glory is yet to come…
12:43pm
A good head and shoulder pattern… let’s see how this plays out
12:32pm
not a good day for bear. trend day. could close at the high of the day.
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