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5/13/09: 10:59 800 AMZN SHORT 75.50 STOP 75.75 TGT 75.00

5/13/09: 10:11 1200 FITB BUY 7.60 STOP 7.45 TGT 7.90

9:34 2000 BBT EXIT 20.65 P/L +482. 67

5/13/09: 9:32 2000 BBT BUY 20.40 STOP 20.30 TGT 20.60

Wed. watchlist: Long: AMLN ATVI BAC FITB WLP PRU UNH BIDU Shorts: AMGN AMZN BRCM ADSK BBBY CTSH DELL IBM T

oops. maybe I misread ( I actually did post this as an entry at 1:35)... Elite are you asking why I did not take a different trade at 12:45??

Well elite....because I am so smart and so focued when I posted that chart last night that I put 12:35 instead of the REAL TIME on that chart...1:35. Thanks for catching that so other will not be confused. I entered DIA at 1:35 One that green bar up. Sorry for confusion...late night.

Here is the DIA long from today. DIA tried to break to new lows at 12:55 and the 1:00 bar reversed that. It follows that with a rally up until 1:20 that takes out the prior pivot high at 12:45. Next, it has 2 very small bars of selling (a sign of strength after making a higher high) to set up...

OK...I am only posting the SKF chart here, but will discuss both the FAS long at 10:47 and the SKF long at 11:40 using this chart. These 2 trades came up alot in questions today because, in essence I was both long and short the financials at the same time. First, look at the insert I put in on...

First off...thank you Mike , Ok...I promise to have the 4 patterns posted by the weekend. Work has been very busy, but I should have enough charts now to post all the patterns and have some free time saturday and sunday to explain each one. As for increasing your dollar amount: This is very...

100% correct...SKF was just way too pretty not to take.

Snake, Yes...solid entry setup. Then I looked to see if a .40 tgt was attainable, saw the 84.42 from 11:05, so I took the trade.

5/12/09: Total P/L +947.39 4 trades 3 wins 1 loss * will get to some of the questions regarding the trades later this evening... "other" job beckoning

YES.... LATE POST: FAS EXIT 9.60 P/L -217.11

No snake, I like to give SPY and DIA alittle room to move. So .20 stop is usually the smallest I go with them. But the 84.42 tgt should be easy to see on the chart (11:05 high)

thanagar..check out DDM and DIA: what time would DDM hit tgt (my tgt for ddm would have been .59)

2:40 1000 DIA EXIT 84.43 P/L +395.83

Look back at entry times of both fas and skf...different times. I really didn't want to do the SKF trade, but that setup was just too pretty.

no time to explain now...but this is not correct...what if BOTH trades went to tgt??

5/12/09: 1:35 1000 DIA BUY 84.02 STOP 83.82 TGT 84.42