March 19, 2010

Bears Look Good

Running late today. Enjoyed the morning. Nice start for the bears, but remain cautious. Ease in. Try to pick your entries. I'll watch the 15 and 30m indicators to try to get the trades right and then use the 5 and 1m to nail it. I did but some BGZ at 14.15 a couple of days ago in certain accounts and still hold it.

Looking for a place to add to shorts. I'm not chasing anything. When I trade, you'll know.

GL
Posted by Shanky at 10:13 AM

36 comments:

  1. Shanky3/19/10, 10:34 AM

    It is shitting!!!!!!!!!!!!!!!!!!

    Looking for the low of the first wave. Will enter hard at top of two.

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  2. Incarnate3/19/10, 10:49 AM

    This is 'beary' nice.

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  3. Shanky3/19/10, 10:56 AM

    ABC bear flag corrective to 1158 to 1161.

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  4. Incarnate3/19/10, 11:02 AM

    Agree. We in a 3rd wave (maybe 5th) now

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  5. Shanky3/19/10, 11:16 AM

    sitll oversold

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  6. Shanky3/19/10, 11:22 AM

    1147 support and 61.8% fib then a TL near 1145.

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  7. Shanky3/19/10, 11:58 AM

    Looking for 1157 to 1160 as possible short entries.

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  8. Incarnate3/19/10, 12:41 PM

    If we break 1157 then load up. We are correcting right now.

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  9. Shanky3/19/10, 1:08 PM

    1155 may be it - we'll have to see- all these calls are on the minis - sorry bout that.

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  10. Incarnate3/19/10, 1:25 PM

    This looks like it is tracing out a triangle. If that is the case then I am guessing one more set of impulse waves down, then a new high..

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  11. Incarnate3/19/10, 1:30 PM

    Lol, did you just draw that on the 1 min chart after I posted??

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  12. Incarnate3/19/10, 1:32 PM

    Look for throw over and then short for a scalp.. Confirmation at 1157, but 1158 or so is a good entry..

    ReplyDelete
  13. Incarnate3/19/10, 1:35 PM

    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s165844582]&disp=P

    This is looking even better than the other day..

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  14. Incarnate3/19/10, 1:46 PM

    You got your trigger finger ready?

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  15. Shanky3/19/10, 1:55 PM

    I just nibbled some BGZ

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  16. Incarnate3/19/10, 2:00 PM

    This may be a barrier triangle..

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  17. Incarnate3/19/10, 2:06 PM

    Throwover.. if this is what I think it it, then watch out below..

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  18. Shanky3/19/10, 2:10 PM

    sold the BGZ - Little nervous about opex. i am not leaving out the possibility of a long scalp.

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  19. Incarnate3/19/10, 2:12 PM

    I think we get around 1150 (1149.6 fib) before the end of the day.. then we set new highs on Monday..

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  20. Incarnate3/19/10, 2:16 PM

    Timber!!! 1150 here we come..

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  21. Incarnate3/19/10, 2:22 PM

    LOL Well scratch that..

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  22. Shanky3/19/10, 2:27 PM

    I'm long for a scalp

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  23. Incarnate3/19/10, 2:52 PM

    You still long?

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  24. Shanky3/19/10, 2:56 PM

    nope - in cashish. This sucks. 10m mini just gave a sell. this is to hard right now. Waiting on clear direction.

    ReplyDelete
  25. Incarnate3/19/10, 2:57 PM

    Yea.. I thought the triangle was looking good, then it blew up..

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  26. Shanky3/19/10, 2:58 PM

    now channeling. Might not do anything rest of day. Not sure how on 4x opex friday.

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  27. Incarnate3/19/10, 3:05 PM

    Flip a coin I say.. there will be a big push, don't know which way...

    ReplyDelete
  28. Shanky3/19/10, 3:10 PM

    Waiting on HC bill! that is what has it dead.

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  29. Incarnate3/19/10, 3:39 PM

    That was a good pop down just now..

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  30. Incarnate3/19/10, 3:42 PM

    Selloff into the close .. last 15 mins should be harsh for bulls..

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  31. Incarnate3/19/10, 3:47 PM

    LOL 4x Opex..

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  32. Shanky3/19/10, 3:49 PM

    short covering - when the minis could not take out 1150 that was it for the bears.

    ReplyDelete
  33. Shanky3/19/10, 3:57 PM

    Have a good weekend.

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  34. Incarnate3/19/10, 3:59 PM

    You too. Looks like I got bumped on the bracket.

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  35. Incarnate3/21/10, 10:33 PM

    This comment has been removed by the author.

    ReplyDelete
  36. Incarnate3/25/10, 7:26 PM

    I've deleted my pissed off comment. Back in the saddle and short.

    ReplyDelete

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