10:39pm Was about to post some pre-market comments earlier, but was unable to do so...Had to shut down my PC, to allow my nephew to hook up to my router. Tried to do so without shutting down, but to no avail. Now, I have to wait for my charts to power up, before commenting. But my initial take was to wait for a pull back, to go LONG - Let's see...
11:05pm Okay...charts are up. Hmmm...the pull back did take place, and we are up.
Looking for another oscillation challenge of Support to go LONG. Reason? - TREND chart still pointing up, and Trading chart has witnessed a Minor PPF - Minor confirmation of a PRICE low. 11:21pm No PFs yet, to go LONG, on this Oscillation challenge of Support.
11:34pm No PFs, and now we are approaching PRIME on the Trading chart. Problem with this pullback is that the TREND chart is also trying to turn down. If a Minor PPF of Resistance happens on the Trading chart, we will go SHORT.
11:44pm That Minor PPF was almost non-existence! Let's just see if we get another decent one later.
11:57pm TREND chart has turned down.
11:58pm It looks like it's gonna be a slow day.
12:30am SHORT 1440.00 / STOP 1441.00
12:37am We should be heading down to challenge Globex session low of 1437.75
12:45am Out at 1438.50 / +1.50pts - Might just stop here for the night. PRICE movement is very slow...Everyone's waiting for "Fed Speak" tomorrow night. If I don't get another Oscillation challenge of Resistance again soon, I will call it a night.
12:59am SHORT 1438.50 / STOP 1439.50
01:03am Moving STOP to B.E.
01:09am Out at 1437.00 / +1.50pts - Was worth the "short" wait. No pun intended. LOL. That's all for me tonight. 2 Trades - 2 Winners.
Monday, December 18, 2006
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