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;

Monday, October 12, 2009

2009-10-12 After Market opened

Indices are doing reversal here... watch out below.

11:44 am

Stock prices out there now, are way to much rich at current level.... not a good swing long entry, but a potential good swing short entry...

DT is something I normally don't do, and DT has nothing to do with market direction, you can get $.50-2.00 gains or losses easy from many names... every day... As long as you are disciplined on your stops after entry, long or short...

You can DT every day... without care about the economy or market direction at all. As long as your account stays with "Cash at market open and cash at market close" every day!

9:54 am

Today is a holiday... so, don't expecting to see a heavy trading day today... volume will be very light.

7:24 am
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