The Trouble With Scribbles

--04/29/2015Current position is short from 4484.75. protective (not reverse) stop is 4524.00
--04/30/2015. Afterhours pm. Stop remains the same
--05/05/15 late RTH Price is 4412.00 Stop lowered to 4469.00
--05/06/15 Afterhours AM. Price is 4413.00. Buy stop lowered to 4434.00
 
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Nearing oversold now on the 60 min Cash chart. Exercise caution. However, if trading the daily frame or higher, we are nowhere near oversold
 
--04/29/2015Current position is short from 4484.75. protective (not reverse) stop is 4524.00
--04/30/2015. Afterhours pm. Stop remains the same
--05/05/15 late RTH Price is 4412.00 Stop lowered to 4469.00
--05/06/15 Afterhours AM. Price is 4413.00. Buy stop lowered to 4434.00
--05/06/15 Morning RTH. Staying short with same stop for now.
 
For those that like the Head and Shoulders pattern, we have broken through the neckline on the daily. I don't use the Head and Shoulders pattern.
 
--04/29/2015Current position is short from 4484.75. protective (not reverse) stop is 4524.00
--04/30/2015. Afterhours pm. Stop remains the same
--05/05/15 late RTH Price is 4412.00 Stop lowered to 4469.00
--05/06/15 Afterhours AM. Price is 4413.00. Buy stop lowered to 4434.00
--05/06/15 Morning RTH. Staying short with same stop for now.
--05/06/15 afternoon RTH. Took profit at 4358.00
 
Romik (t) Bullish signal exists on 5 and 15 . It does not agree with the 60 although the 60 is deeply oversold. Likelihood of a bounce is high here.
 
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