tag:blogger.com,1999:blog-443652854082903301.post-39572285925593499892008-07-02T14:12:00.001-07:002008-07-02T15:30:10.418-07:00<span style="font-family:lucida grande;">Pretty good day to short.<br /><br />Trading<br />Market gapped up so looking for fill; short triggered 10:16, couple points if taking profits at 7T support level. Short again 11:01 good for 10 points with market down on time. Short again 12:19 (or holding), 3+ points. Possible long 1:48 no loss. Green light for short at 2:20 with 3T- and 4T- on the way, 10-20 point gain.<br /><br />Forecast top line: "On Wednesday markets easily coming back down. Just watch for the shorts."<br />Result - Morning 10 pointer, afternoon 10-20 pointer.<br /><br />Call - "Down after 11:03, down after 11:26. Key change (5T) at 11:51, expecting down.<br />Sharp drop into 12:03-09, down again into 12:24.<br />Result - Down right at 11:00, spike down right at 12:25 was nice exit.<br /><br />Call - "May weaken after 2:33, then additional down after 2:38. Guess-pectation LOD: 3:14-31."<br />Result - Panic plunge here; market continued lower in last 30 minutes but fine if short!<br /><br /><br /></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp3.blogger.com/_9uQzRbLvKk8/SGvvZDMW8oI/AAAAAAAAAz4/UGmT9MXv4eg/s1600-h/7-2+ES+1+min+lines.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://bp3.blogger.com/_9uQzRbLvKk8/SGvvZDMW8oI/AAAAAAAAAz4/UGmT9MXv4eg/s400/7-2+ES+1+min+lines.jpg" alt="" id="BLOGGER_PHOTO_ID_5218527806871761538" border="0" /></a>Jonathan Pearlhttp://www.blogger.com/profile/03635919649435544280noreply@blogger.com