Category Archives: Live Chat Room

with headlines like..”stocks head lower as investors await fed minutes”..should tell us that a negative viewpoint in regard to that is being established here…there may be small moves …but expect the negative down tone to cont till later…I don’t feel they will plunge it here…but it’s lookin like any real rallys will be postponed .and a futher dip is poss into lon close

this is all prep for the fed today….so lower prices teus after the “fed” and today continuing ..means 2200 prob coming …..but tricky to know from where…hence the lowest risk is patience..patience…patience…

waiting for a div after an initial plunge is always the most prudent way to trade…..was a little early …will add 2168.75 here

some div will poss bring this lower……otherwise poss rally to 74 area

reduce at 1 pt in case drop below 2170

b2170.75 decent drop here at open….will have to take risk for lower here but could rally a bit

don’t trade for the sake of trading…wait for the proper sigs that illustrate when insiders are most likely either accumulating or distributing….overtrading almost always leads to losses….patience is key and don’t feel like your missing something…you’re not….trading in 5 min intervals like this requires patience

One never knows what PA will occur…will need to wait for the open and then see what the boys do

yesterdays action…all v..after Dudleys hawkish comments just prior to the mkt open…held a negative tone all day over the mkts…this am should be slow..not so much because it’s Aug–but more because the Feds Bullard speaks at 1 pm and the FOMC minutes are at 2 – the only purpose of Fed pronouncements such as Dudleys and today’s “meeting” is to give exchange insiders that control the prices of stocks, the alibi’s necessary is to achieve this- of course aided and abetted by the media that they control

poss of v2180….then new wave to 84…85…..but wait and see…no new trade

hanging in there…but some pb expected..to clean out stops..add to their haul(if going higher etcetc)….remember the only game in town as far as price action goes…is what they create….and the inevitable responses from most traders and investors….

hit 5 so good trade so far….took 4..so am at 2-4 be on this…if be holds into lon then great…..could get lower first before any real rally…notice the stall there..bar and vol…..investors jumping in….too late

b 2177.50 little early maybe….but vol good and back to 80 good poss…..selling below 80…..but 75 76 area likely

after 2190s yes ….pb expected….2200 is big psychological number….and will cause much buying by investors…so many games first….

will see if heavy buying by insiders at or near open …..for b …v2180

decent pb here premkt…with vol….not much going on –report wise and seeing some movement(vol,cci) so that’s good