March 15, 2010

Looking for short entry

Looks like the crack Friday may have been the spot. Semi impulsive move down today, but not all that and a bag of chips. the dailys have rolled over. I'll let you know when I enter.
Posted by Shanky at 12:12 PM

14 comments:

  1. Incarnate3/15/10, 1:37 PM

    It doesn't seem that strong down to be kicking off p3. I was pondering adding some more myself today.

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  2. Shanky3/15/10, 1:42 PM

    Looks like a possible ABC corrective. I'm gonna watch closely. If it is the A-E wedge I have been looking at may it play out nicely. The shorter time indicators have turned up already. Wait to add IMO. See what it wants to do.

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  3. Incarnate3/15/10, 1:46 PM

    Yup. Im thinking a trap. They put out some salmon for one last laugh. It ain't gonna be funny when alfalfa shows up in the trap within the next few days.

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  4. Shanky3/15/10, 1:54 PM

    This is gonna require some real patience I think. BUT you never know, If the ABC ended the top may be in. Let's see what happens at 1146. At gap resistance now.

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  5. Shanky3/15/10, 1:56 PM

    1148 to 1149 may be the end of this corrective. Let's see how it plays out. up to 1146 down to 43 and up to 49 then short. Just a possible game plan.

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  6. Shanky3/15/10, 2:14 PM

    Watch closely here. This is either a B or more.

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  7. Incarnate3/15/10, 2:16 PM

    If we get near 1149 in three waves that would be the play w a stop at 1153.

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  8. Incarnate3/15/10, 2:30 PM

    If we break 1141 I may add for a scalp being short. We may be embarking a wave 3 if that happens. But damn if I don't have a meeting in 30 mins. Lol

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  9. Shanky3/15/10, 3:21 PM

    Closer. Closer.

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  10. Shanky3/15/10, 3:31 PM

    1149 - moment of truth.

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  11. Shanky3/15/10, 3:33 PM

    I hate to think that could have been a 3. I just don't see it.

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  12. Incarnate3/15/10, 4:00 PM

    You mean a wave 3 or corrective wave (abc)?

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  13. Shanky3/15/10, 4:12 PM

    Both - if the ABC is not done then it was a 3 of a 5. Which 5 and where? Not sure. Hopefully 5 of 5 to top P2! Let me digest it tonight.

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  14. Incarnate3/15/10, 4:27 PM

    Off the bottom I see a shitty a wave a definate b and a superb c wave. Almost looks like a 3-3-5 but there again I'm looking at a cnbcchart on my iPhone. I think we break 1153 tomorrow.

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