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Waiting on consumer sentiment at 9:45, ER2 breakout above 740. YM res. 11796. Edit:NQ and SOX weak. Bear div. Edit: 9:49am- Amex down -.79%. YM bull div. ER2 at 38% retrace fib. 737.6

DAX intraday high may 11, = 6,162.37 (yahoo reference) sep 29 currently at 6020. (last day of month for trading and 3rd qrtr.) Note:61.8% fib. held in June. <a href='http://www.advfn.com' title='Free stock charts & share prices from ADVFN.COM'><img border='0'...

Great job. From your post it sounds like your scalping stocks out of an IRA account. Amazing.:eek:

Trading summary: Should have used tighter stop on first YM setup since 50% retrace bounce failed. (4-5pt stop would have been better, also trade entry didn't have SOX support) Should have held winners longer, taking note of time of day and tuesday low(12pm reversals). Need to work on trade...

Thanks Gary, your thread is awesome. I hope I can help people out from showing good trade setups and giving my thoughts on the market internals for market direction. Choppy trading, 739.4 ER2 resistance. I'll stay out and watch, I get chopped up the last 30min in futures.

I still like the long side that we got the retrace to 38%, 45min left,,,rally to the close?????? AAPL, GM look good. Gulp... No trades yet. Institutions may want to selloff tommorow for month end,,, what a delema for going long. CNBC putting thoughts in my head,,,

38% retrace hit,,,

739 broke,, arghh was that 38% retrace,,I'll have to check

Yes, 740 resistance, 739 looks to be a breaking point,,,crap, just missed it.

AAPL may lead, must break 76.42 for short on ER2,,,,maybe,,,:D

739 support ER2. Trendline is close to breaking.

things looking bearish and choppy. edit: also 200ma finally catching up, NQ at top resistance. Possible retrace at least 38%.

results if 11745 was taken.

ER2 squeezed those shorts bad, we need a retrace. Should have held longs longer.:D

Target hit in 3 min, perfect trade.

ER2 bullish, YM long setup immenent. However volume really sucks. Big bullish signal on YM when looking at VIX. going long ym 11748, stop 11733, target 11758.

Heres what I'm looking at, note we didn't break yesterday YM low, we bounced. I'm getting some food.

Out of all positions. Should have waited longer on YM position but trailed with a stop and got hit. 5min trendline looks to be breaking. SOX still under trendline YM bullish div. ER2 neg div. So far up ~$200

time to go long and strong for another bounce,,,

bouncing