Hi all,

Recap ….

Intraday wise …. I banked 11.25 points in spoos today.

I have 1 short in Ftse & 18 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB2 triggered at close on 24/10/2013.
IT IS NOW NEGATED AFTER DAY4.

KTS

We have a KTS triggered at close on 18/10/2013.
It is now negated after DAY4.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY,

SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5

ES91

SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1760.50 (basis Dec)

K+3 = 1763.50

K -3 = 1757.50

Conclusion

We have 1 KHC+3 SYSTEMS in play.

Calling a top however remains a mugs game because they screw it so much and I knew and posted they would, yet I still had no guts to add to shorts.

Still it was nice to bank that 11.25 points on the short from the day before.

So where now?

MS DAY5 target is 1745.50

Resistance is now 1760.50

The day plan needs to be to stay below the resistances.

We need to break 1754 SPX back down now to get bearish.

We need to remember that bottoms are spikes but tops are events, so it may take its time to get going down properly and spook about first to make sure there are no shorters on board.

Well worth it especially as its the first time I have been to the cinema in years.

Made me laugh though at the resources the yanks threw at rescuing Captain Phillips with all those warships deployed etc.

Then again if you are 17 trillion in debt, what difference does it make spending a few millions lol

We need to enjoy any top as much as we can, because I am seriously worried these mustards will go for an XMAS rally from a dip

Sorry top be a spoil sport, but about time XMAS was cancelled for the greedy crooks and their New Year bonus

Thanks for the correction. Corrected POST1 now

Market opened, shot up to fill gap and now straight back down.

That confirms my bearish theme here and is another sign (ie open down, quick gap fill and then down again)

I am already short and have no longs, so happy to see where this goes for now

If so then MS target on DAY5 is a done deal