Thoughts and expectations 1/31/2013

Just as I predicted in the last Blog entry the market closed the hourly under 149.90 this morning and I entered a short position. I don’t want to start talking about targets yet until we see how this correction unfolds. What I do currently see is that until there is no 120 min. close under 149.65 there is a chance that we will reverse upwards and make a new high. I believe 149.65 will be broken tomorrow or early next week and then the next target is 149, after that we shall see.

2013-01-31-TOS_CHARTS_2

In the meantime just in case I am wrong the stop is at 150.72

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Thoughts and expectations 1/30/2013

The market got REALLY REALLY close in the last hour to the entry point and actually went below it in the after hours. It’s going to be an interesting day tomorrow trade wise, I expect to be triggered and to enter short whether at the open or soon after that remains to be seen. The only question that remains is how much of a correction are we going to see? will it be a fake one, triggering a short entry only to reverse and go higher? or will we see some profit? As I said it is going to be an interesting day tomorrow and I strongly suggest you follow the real time updates on Twitter or Facebook to see what I am doing

Short entry point remains at hourly close below 149.90

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Thoughts and expectations 1/29/2013

For a couple of minutes this morning (especially in pre trade hours) I was sure that we are finally going to go short today, but pray and behold the market dunked only to rally and make a higher high, without triggering our entry point at least (Go System…). On the positive side it also meant that the entry point increased with the market (if you are following me on twitter you received the updates in real time), but if the market keeps going up tomorrow without at least a sideways correction it will probably mean we will have to drop the short opportunity.

2013-01-29-TOS_CHARTSCurrent short entry point is 149.9

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