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10-3-2010 The price action looked like a topping process for last week's trading sessions. It was mainly bounded with relative narrow range with AH and open thrusts. I traded very light on the short side between 2010 and 1990 (NQ) for the past week. Based on COT, commercials has suddenly...

9-22-2010 The run of NQ from 1950 to 1990 was quick without any significant retracement. All my short was stopped out at last thursday AH with loss. I've entered short again near 1990. There were just too many internal inconsistency between equity, bod, currency. Besides, there are some major...

9-16-2010 The price action looked quite choppy today. I decide not to do anything now. I thought ES is running tired. If it breaks the "bull flag", I am thinking to short dec ES around 1127.

9-15-2010 Short one Dec NQ at 1933.5

9-14-2010 Shorted one Dec ES at 1121 and covered at 1116.5 (~50% daily range) EURO and GLD, TNX and equity indices are completely out of synch. It has to resolve soon. At this point, I don't feel comfortable to go long, but look for very short term short opportunity (the learning is not to get...

covered at 1916 at AH.

9-13-2010 Shorted NQ at 1922 again for short time trading.

9-13-2010 The gap up move over the weekend made my shorting difficult. Based on the price pattern, it looks to me there are two forces trying to gain the control of market. The one that wanted to take it down is the one that had control of market price movement over 80% time, the other one...

9-10-2010 I had two chances to close my NQ 1893 short neat 1880 for 13 pts profit (last night and middle of today's RH). I haven't regret not doing that. Based on classic TA, the rising wedge could reverse imminent. I plan to cover my NQ short neat 1840-1850 or stop out 1900. The decay on...

9-9-2010 Another observation regarding today's price action: It was pushed up to new high using some news excuse right before market open. It has been steadily distribution since (more apparent on ES and YM). DOW transport also show some negative divergence.

9-9-2010 Short one Dec NQ contract at 1893.5. At this point, I believe there will be more room for down side move than up. There is divergence on VIX which didn't make new low this morning while indices all made new high. Again the three indices are bit out of synch again. I am still holding...

9-8-2010 I covered my NQ short at 1875.75 (for 4 pts loss) a minute ago before I go to bed. Although today's price action looked bearish to me, I can't exclude a possibility that there might be another upthrust before it goes down. NQ is out of synch with ES and YM showing best strength...

9-4-2010 ES and YM are not confirming the new high that NQ made this morning. The up move looked quite laborious. It could be side way for a few days before either breaking the resistance or reversing. I am still holding NQ short.

9-8-2010 Short one NQ at 1872.

9-7-2010 I covered my NQ short at 1856. NQ is holding better than ES and YM. I thought I was shorting the wrong one the whole morning. 1087-1090 might provide temporary support, but there is good chance 1072-1075 would get retested at least. Euro is slightly leading US equity market recently.

9-3-2010 I am still holding NQ short position. The price action since 9/1 looked similar to the one bounced from 1020 from previous bottom in early July, huge gapup first up leg followed by ascending triangle without retrace or with very shallow retrace not letting wrong side trader to get out...

9-3-2010 Short NQ 1868.

9-2-2010 i close my short at 1835 at AH. The last hour's price action has invalidated my setup. The last hour rally was not particularly bullish (too rush) to me. However, it doesn't seem ES would immediately reverse at 1090 since there is likely a quick upthrust tomorrow before it retraces...

9-2-2010 Short one NQ contract at 1834. The breakout of triangle doesn't have volume and ES met 1087 resistance.

9-2-2010 Sold my sept ES 1050 call this morning. NQ reached 1830 today (my original second target) faster than I expected.