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SYSTEMS FOR THURSDAY 21ST AUGUST 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 08/08/2014.
It is now negated after DAY7.KTS
We have a KTS5 triggered at close on 05/08/2014.
It is now negated after DAY3.SYSTEM BDIP
We have a BDIP triggered at close on 20/08/2014.
TODAY IS DAY1.DAY1…
DAY2…
DAY3…
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
ESL5 ND (KHC-5)
ESL6
SHOULD GET GOOD NEGATIVE PRINT, COULD GAP DOWN OPEN, COULD CLOSE NEGATIVE.ES8C
ES15 (KHC -3)
SHOULD GET +3 AND -3. SINCE 2001 ONLY TWO FAILURES ON BOTH SIDES.ES19
SYSTEM 62
MORE DOWNSIDE THAN UPSIDE. USUALLY GIVES -3,-5. RARELY CLOSES AT HIGHS. EVEN WHEN THE SYSTEM FAILS YOU SEEM TO GET A SPOOS -2.SYSTEM 64
UPSIDE UNSUSTAINABLE, RARELY CLOSES AT HIGHS, CAN GIVE -3,-5,-7, BUT CLOSE ERRATIC WITH USUALLY NOT MUCH CHANGE ON THE DAYSYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5ES92
USUALLY TREND ONE WAY OR ANOTHER AND CLOSE NEAR HIGHS OR LOWSES96
UPSIDE USUALLY CONTAINED TO A +3, ANYMORE IS UNSUSTAINABLE, USUALLY GIVES -3 AS A MINIMUMSPX96 (KHC-3)
MORE DOWNSIDE THAN UPSIDE, NORMALLY GIVES A MINIMUM OF -3 BUT OFTEN GIVES -5,-7, GOOD CHANCE OF -VE CLOSE, CHANCE OF A GAP DOWN OPEN, THEN TRENDING DOWN DAY, UPSIDE NOT VERY SUSTAINABLE ,NEVER CLOSED > 6.38 AND THAT WAS AN EXCEPTION.Spoos closed at 1983.50 (basis Sep)
K+3 = 1986.50
K-3 = 1980.50
Conclusion
We have 1 KHC+3, 2 KHC-3 & 1 KHC-5 SYSTEMS in play.
We have a BDIP DAY1 in play.
Plan your trade, trade your plan!
Again we have negative KHC’s and so far this morning is looking more negative.
Yet we just cannot trust it as once again we are in that MAD MODE that rallies come from no where and bigger rallies come from any dips.
Playing the recent top was easier as it was a “topping process”. This one may just fail at any time or tag on more points in a flash upwards.
We are now back more or less at the recent SPX high.
DOW is lagging and COMPX has well overshot.
We have a BDIP and the next signal will be a KTS
However in recent MAD MODES we have needed multiple BDIP’s and a 2nd KTS to turn it.
Because of the dipsters I cannot play the quick 3/5 point scalps nor shorting the rallies.
I just have to wait for really good entries and then wait for a correction to come.
Shame but it is what it is and we have to accept that.
2001 is top of the SPX daily BB.
DMA confluence is 1951-1958 SPX.
So for now thats the extreme boundaries to watch/play
Plan your trade, trade your plan!
I ideally want today down as its Friday tomorrow and that may mean Friday up and Monday up usual pollux
Plan your trade, trade your plan!
Good Dan, its meant to be. It will not come down until we are all fed up, frustrated, angry, annoyed, upset, etc.
1975 ES is the ongoing multi day SU level
Plan your trade, trade your plan!
How low did we get? Not managed a -3 as yet…
so let’s hope it “trends down” from this positive print…
can we have a bank go bust today please… Preferably a big un…
Dan.
I’m all of those Kman – let’s go down!
Hardly flinched at Job numbers – does that mean expected news as good news that’s bad news that’s good news….. Or bad news that’s good news that might be bad news. Who knows anymore? Not me
-2.75 Dan so far the low.
With todays SYSTEMS we will fill gap or have no gap open imo.
Very good chance of a -7/-10 print today imo too.
1973/1975 really is the level to break for today
Plan your trade, trade your plan!
I’m all of those Kman – let’s go down! Hardly flinched at Job numbers – does that mean expected news as good news that’s bad news that’s good news….. Or bad news that’s good news that might be bad news. Who knows anymore? Not me
Nor me Qman other than this is a reaction rally and I believe we are in a wave 2 or b up with a wave 3 or c down to follow.
The problem is lower high, double top or new high.
SO I stand by here nd 2020 ish SPX as a top out before sub 1900 SPX.
Hence by that I expect sub 1900 SPX soon and hence have to hold shorts and add until we get there.
Hope that makes sense and frustration etc. fits into that plan.
Plan your trade, trade your plan!
lol it wants to come down. It wants to fill gap, but the bears just cannot apply any selling pressure.
Low so far 1984 in RTH. Gap is at 1983.25.
SU level is 1980.
Ongoing multiday SU is 1975.
Plan your trade, trade your plan!
I see why its supported here. Plenty of crooked data due at 10am EST. So hopefully a pop and drop on that can seal a HOD for today
Aug 21 08:30 Continuing Claims 08/09 2500K 2530K 2530K 2549K 2544K Aug 21 10:00 Existing Home Sales Jul 4.90M 5.00M 5.04M Aug 21 10:00 Philadelphia Fed Aug 15.0 15.5 23.9 Aug 21 10:00 Leading Indicators Jul 0.6% 0.7% 0.3% Plan your trade, trade your plan!
Atleast 10 mins of this torturous market still left as it carries on up.
Plan your trade, trade your plan!
+5 no with no gap fill.
come on 10am EST (3pm our time). Please hurry up
Plan your trade, trade your plan!
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