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SYSTEMS FOR WEDNESDAY 26TH FEBRUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos 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 KTB triggered at close on 05/02/2014.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 10/02/2014.
TODAY IS DAY11.SYSTEM BDIP
We have a BDIP triggered at close on 20/02/2014.
TODAY IS DAY4.DAY1… We got a low of -3.25.
DAY2… We got a low of -5.00.
DAY3… We got a low of -8.75.
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.ESL1 NEXT DAY
GOOD CHANCE OF A -3ESC
CAN GET A +3 BUT SHOULD GET A -3. CHANCES OF -5, -7, -10SPXC
Spx <-4 should give big down -7/-10. Likewise <+3 high will trade negative and close negative. Conclusion may be short +2 Spx. Rarely closes at highsSpoos closed at 1845.75 (basis Mar)
K+3 = 1848.75
K-3 = 1842.75
Conclusion
We have 1 KHC+3 SYSTEMS in play.
We also have a BDIP DAY4 & KTS DAY11 in play.
Plan your trade, trade your plan!
The lone KHC+3 has printed already.
We hit a high of 1852.50 vs 1853/5 area.
We did not break the support yesterday again.
I am keeping posts to an absolute minimum as I have no interest in fighting this as it stands.
I felt like longing yesterday (as posted) and that would have been the correct thing again.
Now all that is emotion speaking ….
The truth is that I feel we are nearly there now. Mondays WNER high so far was a high.
I wanted 1853/5 area to short and I will short that.
The problem is that TREND and all remain up, so at worst I am looking for a quick sharp 30 point move down again.
Short 1852 as I do not want to miss it.
Plan your trade, trade your plan!
There are two types of tops, the common one is a massive last hurrah spike up that will take out nearly all stops.
The second is one that just falls away.
90% of the time it is a stop run.
Recent highs are 1856.75, so really the stop run spike would need to be above that and could be an 186x.x print.
Plan your trade, trade your plan!
I am going to put in 7 point limits for now and walk away again.
It is the only way to play this for now until we can confirm some sort of CIT
Plan your trade, trade your plan!
High so far 1853.25. Was that it? Or do we see 186x.x.
I do not care (as long as I am not watching lol)
Plan your trade, trade your plan!
Well the top in oct 2007 was nothing overly spectacular, but a month or so later it was 10% off the high.
This could stretch beyond 1900 yet, who knows, so we need to remain onguard.
1785 long in the tooth MS target still to be hunted down…. 🙂
Watching this is torture mind so best doing other things…. I would like to witness the top when it comes mind. Call me weird! Lol
1852 short got closed via limits at 1845 for 7 points as per above.
That is an easy 7 points and that was totally as per 1853 short plan (high was 1853.25).
This is the only to trade what we have currently.
Put the trade on and walk away.
As it happens even the 10 point standard limits would have hit.
Plan your trade, trade your plan!
Well the top in oct 2007 was nothing overly spectacular, but a month or so later it was 10% off the high. This could stretch beyond 1900 yet, who knows, so we need to remain onguard. 1785 long in the tooth MS target still to be hunted down….
Watching this is torture mind so best doing other things…. I would like to witness the top when it comes mind. Call me weird! Lol As you say Dan, nice to witness THE TOP but not at the expense of watching all this total rubbish daily.
QE is a total joke. Will help no one but the crooks and when it gets taken out of the market, it will kill everyone, but the crooks. What a NO WIN situation for Joe Public
Plan your trade, trade your plan!
I hope not Smashie.
Not sure I am ready for 2000 SPX yet.
I am now more convinced we are about to see another quick 30 point break down anytime now.
Day wise tomorrow Thursday makes good sense for a top (with Yellen pollux), however it may well be a tank and that fits in with my plan
Plan your trade, trade your plan!
Supports are the intraday cit level at 1846.75 and then SU level at 1846.
Below that it can fall.
Plan your trade, trade your plan!
TRIN is >1 which is another indication of this rally unsustainable.
Resistance 1851 and then 1853. Above that its on a mission again.
However that mission does not negate my fast 30 point down move coming
Plan your trade, trade your plan!
I would love to sit here all day like I have done for over 10 years now, but this QE really cannot be fought against intraday every day.
I a getting all my pending jobs done for years and probably have enough to keep me busy for another week also.
The moment the market changes, I will post intraday in the volume I used to.
Until then the SYSTEMS are guiding the way on the whole with today being another KHC +ve’s day with no KHC -ve’s
Plan your trade, trade your plan!
So where do I short 1851 1853 or 1855?
No idea as it stands.
Plan your trade, trade your plan!
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