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I have actually screwed this trade up not through my own method but more from a software glitch and so I am going to kill all the above.

Just got long 10 stocks blotter to follow

Lookup "Time Decay".

SPY $2.65 ANTM $2.72 EXPR $0.23 Total $5.60 I was running at a loss of around $1.87 and so I am now ahead by $3.73. Its proving very difficult to run this journal as I have fallen into the trap of taking less than A* setups. From now on anyone following please expect lulls in my posting...

SPY CLOSED @ 209.29 ANTM CLOSED AT 153.76 EXPR CLOSED @ 18.23

Covered all just now prices to follow.

Long SPY @ 206.61 Long ANTM @ 151.04 Long EXPR @ 18.00

I am bailing. With an open this ugly it could get worse. The buying I was picking upon literally disappeared the minute I got filled. Out @ 212.3 for a $0.30 loss.

Just got long @ 212.60

Still hunting but the bullishness that I was talking about earlier is beginning to wane an I am not overly confident on how well a long from these levels would do. I nearly got long earlier at 212.30 but did not have all the the confirmations that I like to have before pulling the trigger.

I am quite pleased I exited when I did. Looks weak today and may even trade into the gap. Will be monitoring but most probably will trade next week.

The thing what I find is that when I get a good entry it is generally not where most people would be entering. A great example of this is Thursdays trade. No one would like to be buying into a steep sell off like that however if your not using the chart Thursday had all the signs of a great...

-$0.09

Ok cutting this one right here @ 211.94.

It was looking decent at first and I was not expecting the gap to fill as the buying was quite strong. Since my entry we seem to be fast losing strength and momentum so I might take a small hit and wait for a sharper pull back. The problem is with such a strong bias on higher time frames any...

Long SPY right here @ 212.03

I am a buyer at 210.92 or close.

Let me just clarify that even though I believe a top is forming I do not think we will see much in the way of downward pressure more likely sideways than anything. This is because of the strength of the underlying longterm trend which is currently bullish.