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Two way day, better odds playing long side in possibleTaylor Day Three.

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Simple is as simple does DT4$3 18.88 support for now as per yesterday’s calculations

DT4$3 Heads up at the tail good night


eminiwizard [7:40 AM] (36 kB)

[7:40] good morning

[7:41]yesterday we calculated 18.88 as next target as a function of target xxx being challenged

[7:41]Wei asked if that could be done

[7:41]this 18.88 came first

[7:41] 20 low overnight

[7:42] 45 points off 65 high

[7:42] watchout for bounce/slingshot today

[7:42] taylor day 3 possible

[7:42] xxx

[7:43] xxxx

[7:43] xxxxx

[7:43] java

Zeek Snodgrass [8:14 AM] gm

[8:14] ADP at 8:15

[8:15] all as expected

[8:15] no reaction, as usual

[8:17] I think that we are going to make the right shoulder of a head and shoulder bottom I think xxx is the max area for keeping this formation intact

[8:18] NQ flirting with taking out last Fri rth low of 6246

[8:19] we are exactly at the same price level as a week ago

Zeek Snodgrass [8:24 AM] shake and bake day to start the Santa rally

Zeek Snodgrass [8:31 AM] xxxxxx

Zeek Snodgrass [8:38 AM] globex: 21.25 angel 29.75 demon xxxx

[8:39] T1 37.5 xxxxx

[8:39] stuck in 22-27 range for many hours

[8:40] Fed on deck next Wed

[8:40] rollover to March contract Thursday and Friday

[8:41] it is normal to have a move down prior to rollover and a move up during or after rollover

[8:42] 5 min chart a bow tie formation the 30 minute does not

[8:42] so may take more time to get the charts lined up for a contra move higher

[8:43] if we exceed xxxx then bulls completely in control and expect xxxx

eminiwizard[8:44 AM] gm

[8:45] i was thinking similar

[8:45] but thinking xxx

[8:46] xxxxx

[8:46] must hold

[8:48] (44 kB)

[8:50] the gap up and give ball to charlie is how they play the game

[8:50] now everyone convinced we are crashing

[8:50] so i am conservative short side

[8:53] (34 kB) twm

[8:55] (43 kB)

eminiwizard [9:00 AM] this is the work I did yesterday to project 18.75

[9:00] (62 kB)

[9:01] staying under 34 helps that idea

[9:01] so 18 support right now as posted

[9:03] 28.75 gap

[9:04] late close 27.5

eminiwizard [9:16 AM]

eminiwizard [1:58 PM]

[1:58] afternoon session for anyone around


09:17:01 From Dennis Parmelee : good morning
09:17:15 From Dennis Parmelee : paid for sure pre market by the gap
09:17:42 From Dennis Parmelee : starting with premise 2 way day
09:17:46 From Dennis Parmelee : then adjust
09:33:35 From Dennis Parmelee : gappers paid
09:33:50 From Dennis Parmelee : and sideline if dont like today’s open
09:34:02 From Dennis Parmelee : agg shorts playing range
09:34:18 From Dennis Parmelee : agg longs already got paid at gap
09:35:24 From Dennis Parmelee : better odds looking for longs today
09:35:39 From Dennis Parmelee : as contras to the weeks range
09:48:17 From Zeek Snodgrass : you buyers are the FED NSA Goldman and a few traaders
09:48:42 From Zeek Snodgrass : only remaining report is oil inventories at 10:30
09:49:44 From Zeek Snodgrass : Trump……..???????
09:52:55 From Dennis Parmelee : georgia boy
09:53:00 From Dennis Parmelee : im peach
09:53:32 From Dennis Parmelee : pfs by 26 if short
09:54:41 From Dennis Parmelee : 2 way day expected
09:54:53 From Dennis Parmelee : and suspicious of news event
09:55:07 From Dennis Parmelee : will take time to stabilize
09:55:28 From Dennis Parmelee : but i think need to be cautious expecting too much either side right now
10:05:07 From Dennis Parmelee : rain ping pong
10:08:51 From Dennis Parmelee : xxxx
10:11:24 From Harvey : no – when i’m logged into my gmail a/c it’s fine
10:11:34 From Cobalt : working on my end
10:11:45 From bc : i will try again and let you know
10:13:46 From Harvey : after the weekend is fine – the rollover day is messy anyways, i don’t trade it
10:15:27 From Dennis Parmelee : 27.5 is magnet
10:22:15 From Zeek Snodgrass : 25.75 pg xxxxx
10:23:11 From Zeek Snodgrass : we could follow recent pattern of taking out globex high and low
10:23:55 From Dennis Parmelee : yes
10:24:03 From Dennis Parmelee : high already undone
10:25:02 From Zeek Snodgrass : 25.5 IBL, it needs to hold or we will need to build support to challenge the rht high
10:25:20 From Zeek Snodgrass : one tick does not count as true break of 25.5
10:27:05 From Dennis Parmelee : right
10:27:25 From Dennis Parmelee : think hit and run is plan
10:31:33 From wei : could this is another bear flag?
10:32:52 From Dennis Parmelee : yes
10:33:40 From Dennis Parmelee : watch utl for clues
10:38:58 From Zeek Snodgrass : test of IBL
10:39:03 From Zeek Snodgrass : watch carefully
10:40:03 From Zeek Snodgrass : IB low broekn by 1 pt
10:40:06 From Zeek Snodgrass : looked like stops
10:44:58 From Zeek Snodgrass : rollover could be limiting buyers for now
10:45:06 From Dennis Parmelee : agreed
10:45:14 From Zeek Snodgrass : time will tell
10:45:28 From Zeek Snodgrass : look for newss
10:45:33 From Zeek Snodgrass : somethign just happened
10:47:20 From Zeek Snodgrass : looking to see if we can take out 32.25 high and jump the 33 ressitance
10:47:48 From Zeek Snodgrass : that means I am observing, no gambling since I don’t know the reason for the spike
10:48:25 From Zeek Snodgrass : cleaned out the longs and now trapped some shorts
10:48:31 From Zeek Snodgrass : stop and go
10:49:19 From Zeek Snodgrass : rth 28 angel 29.5 demon

10:52:19 From Dennis Parmelee : plan was looking for longs today as better odds

10:52:41 From Dennis Parmelee : range type longs
10:52:53 From Dennis Parmelee : then good fortune for retests
10:55:23 From Dennis Parmelee : long side primary target is 2637.25
10:55:47 From Dennis Parmelee : need to chew higher highs higher lows for that
11:22:25 From Dennis Parmelee : wac a mole
11:25:47 From Zeek Snodgrass : 28 pg xxx
11:30:08 From Dennis Parmelee : taking eye ball break
11:40:32 From Zeek Snodgrass : lunch bbl
12:28:26 From wei : so we will have symetry again ?
12:35:12 From Dennis Parmelee : range for now
12:35:20 From Dennis Parmelee : close is important
12:35:51 From Dennis Parmelee : we stalled where I said would be helpful for shorts
12:37:09 From Dennis Parmelee : still could be wac a mole
12:37:36 From Dennis Parmelee : aggressive shorts have done reasonably well against the bounce
12:47:40 From Dennis Parmelee : lunch break
12:47:55 From Dennis Parmelee : will reboot in a bit


Afternoon Session

13:59:29 From Dennis Parmelee : quiet lunch as usual
14:12:37 From Dennis Parmelee : double toppers may be playing wac a mole
14:13:03 From Dennis Parmelee : plan? if get to 28 be conservative
14:13:26 From Dennis Parmelee : cuz 2 point rotations
14:50:54 From Zeek Snodgrass : boys stocked the knife from falling
14:51:07 From Zeek Snodgrass : tomorrow could be a slow day due to the rollover
14:51:50 From Zeek Snodgrass : two items that bear watching. First, Copper has broken $3 Second is oil is naring $55.5 breakout
14:52:02 From Zeek Snodgrass : a collapse in either will be a red flag warning
14:52:30 From Zeek Snodgrass : Fires in California are a calamity that will afect the entire country
14:53:04 From Zeek Snodgrass : I think shorts overslept today. If Asia continue down tonight, this will be a one day wonder
14:53:50 From Zeek Snodgrass : Central banks are scared that bitcoin will break their monopoly
14:53:53 From Dennis Parmelee : one day wonder = ?
14:54:17 From Dennis Parmelee : DCB
14:54:18 From Zeek Snodgrass : great way to evade taxes
14:54:27 From Dennis Parmelee : Dead Cat Bounce
14:56:08 From Zeek Snodgrass : I think that we have proven this week that the suddden selloff on Friday was about to happen without news
14:56:22 From Dennis Parmelee : always looking for clues like 35 resistance
14:57:19 From Dennis Parmelee : ty Zeek
14:59:18 From Zeek Snodgrass : Al Franken getting the boot tomorrow
15:00:05 From Zeek Snodgrass : Conyers was retired by his poor judgement and criminal behavior
15:00:30 From Zeek Snodgrass : Hillary happy to see the men go
15:01:37 From Dennis Parmelee :
15:02:59 From Zeek Snodgrass : dfd
15:03:30 From Dennis Parmelee : bye zeek
15:03:34 From Dennis Parmelee : thank u
15:08:02 From Dennis Parmelee : shorts need to undo dynamite triangle
15:21:12 From Dennis Parmelee : shorts using 35/38 as resistance
15:32:11 From Dennis Parmelee : 26 support until broken
15:47:18 From Dennis Parmelee : wac a mole 28/29 key now
15:48:55 From Dennis Parmelee : leave it be best advice i can give
15:49:13 From Dennis Parmelee : too late for new long i think
15:49:22 From Dennis Parmelee : if trail short up to u
15:54:32 From Dennis Parmelee : paid by 28 and done
15:54:53 From Dennis Parmelee : chip shot
15:55:51 From wei : thx
15:56:11 From Dennis Parmelee : gn all and be well