Okay, I'll start it for this week.

Another scalper's buy trigger. But the time of day...

And it's more risky because that bounce may be it. But, probably this will be up +30 tomorrow, if I know my rampers.

1.128 to almost 1.27

I'd like to short this at 92.50-94.50, and not higher at say 1598.50-1600.00. This is based on a premise of down for one more leg, then up on the seemingly upwardly biased Sunday night into Monday, and now the hottest day of the week, Tuesday. Remember when Fridays were pretty much always up? But, this may just keep going for 30 or maybe even 40 points off the low by tomorrow (or into Sunday), so I think it isn't a crazy idea to be long already, then see how it feels at the areas. That way if it just keeps going, that's all captured. We'll see.

This is from a post in the comments section of Slope of Hope ( http://slopeofhope.com/2013/06/when-it-rains-it-pours.html ):

"This was the 10th time in the history of the S&P 500 tracking fund, SPY, that it suffered its largest loss in a year on the highest volume in a year. Of the 9 others, it rebounded over the next two days 8 times, averaging +1.4%. Three months later, it was also positive 8 times, averaging +9.0% (the loser was in May 2010).-Sentimentrader"

So, this first area is now hit. But, I just don't 'see' anything but up. I think the best plan is as I said, ride a long and see how it handles the areas, and I suspect it will be a ride maybe until close tomorrow. I have an area around 24-28, but the best time for that is some time Monday. A fair number of things are coming together around 9-11, and that could hit by close tomorrow. So, those are the areas.

I may know more if we get some swings to work off of, and some of the usual daytrading tools to add in (like IB), as well as European open and things based on that, etc. We shall see... No matter what, it should be quite exciting trading in the coming weeks, even if tomorrow turns out to be a narrow range digestion day (if so, I suspect it would only last for the first 'half' of the day).

Originally posted by jimkane

I'd like to short this at 92.50-94.50, and not higher at say 1598.50-1600.00. This is based on a premise of down for one more leg, then up on the seemingly upwardly biased Sunday night into Monday, and now the hottest day of the week, Tuesday. Remember when Fridays were pretty much always up? But, this may just keep going for 30 or maybe even 40 points off the low by tomorrow (or into Sunday), so I think it isn't a crazy idea to be long already, then see how it feels at the areas. That way if it just keeps going, that's all captured. We'll see.

Okay, I'm done posting for tonight (I think). I'll see everyone tomorrow, likely at one of my higher areas. I'll be watching this for awhile yet to decide on a short here as the European open draws near and unfolds, but you all know what I think it will do... When you have a tiger by the tail, you hold on for the ride, as I always say. Still, I'm open to whatever the market has to say. And I'd love to short this here.

in at line out at line.... just one of thousand trades a year, playing the odds given by the tools

I did get my short opportunity coming off the second area, and it rose 20.25 points off the low, the minimal amount I generally see. And it did a great job making me think it was going to rise and rise and rise. So, overall, it really was quite a spectacular layout and play that it set up.

Originally posted by jimkane

So, this first area is now hit. But, I just don't 'see' anything but up. I think the best plan is as I said, ride a long and see how it handles the areas, and I suspect it will be a ride maybe until close tomorrow. I have an area around 24-28, but the best time for that is some time Monday. A fair number of things are coming together around 9-11, and that could hit by close tomorrow. So, those are the areas.

I may know more if we get some swings to work off of, and some of the usual daytrading tools to add in (like IB), as well as European open and things based on that, etc. We shall see... No matter what, it should be quite exciting trading in the coming weeks, even if tomorrow turns out to be a narrow range digestion day (if so, I suspect it would only last for the first 'half' of the day).

Originally posted by jimkane

I'd like to short this at 92.50-94.50, and not higher at say 1598.50-1600.00. This is based on a premise of down for one more leg, then up on the seemingly upwardly biased Sunday night into Monday, and now the hottest day of the week, Tuesday. Remember when Fridays were pretty much always up? But, this may just keep going for 30 or maybe even 40 points off the low by tomorrow (or into Sunday), so I think it isn't a crazy idea to be long already, then see how it feels at the areas. That way if it just keeps going, that's all captured. We'll see.

fascinating.....