Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Tuesday, April 27, 2010

4/27

DJI: same chart, eventually line F will be lost... but at this point, F & E is a new measured move channel, this one could extend further up... until one day, a very big red bar closes below line F. this day could be today, or one week from today.

So, stop is important, and hold cash after stopped out is even more important!!

7:51 am




Don't short mkt, but, this weakness here today is looking fishy, if stopped out, don't buy back.

You better hold cash and watch a bit longer (few more days).

7:25 am


- Intradaty Real Time Post.

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