Its written all over.

Is it bear market correction Terminated Or Correction before Bull bus continues?

Well no one can say for sure...but I think we are at least headed to 1030ish (with minor bounce back before that). Some people are making bold prediction about imminent crash and Yeah in the end one of those who are making bold prediction will be right but trading is not about making bold prediction rather its about making money. Right now every blogger and blog reader knows that the rally that started from March 10, 2009 has been halted. The decision is not out yet whether that rally was bear market correction or bull market rally.

I believe for short term winning bets are on short side, hence shorting the rallies will make sense. But you need to be nimble and trade what you see while keeping big picture in back of your mind.

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Over all market view

Though a bounce is overdue long term 1030 is written in stone

And another 50% at 1075

Out 50% 73.5

Stop 1069.5 on whole position

Long 100% 1071.75

OCO order placed

50% Long 1070 with stop 1068 and cover 1078.

If we get there..stepping away again

OCO order- need to get away

Stop 1075
Cover 1084

50% back in 1076.5

Stop on whole position at 1077.75- adjusted

Its friday and do not want to carry this over week-end

One more try 100% in 1078

Stop 1076

That did not last long

Will wait...for 1076

Back in 100% long 1079.5

Stop 1078.75

Back 50% in 80.25

Long that is...Stop @79.75

Trade alert

OCO order on half out at 1083.5 Stop 1079.75
Edit: Out at 1083.5
OCO order placed half to be out at 1086 stop 1081
Edit: Stopped out.

100% in 1080.5 Stop 1080

100% in @ 1082 stop 1081

This could go upto 1097-98

Out rest of 50% to 1092.5

Stop on rest 1083

Out 50% @ 1089

Add 50% more at 1086

Big picture :)

My view is short term we need to get a bounce before seeing 1030 ish on ES.

Updated trading rules as well as performance.

50% long 1080.5

Stop on rest 1083.5 or cover at 1094

Need to be away..busy day meetings wise.

Out 50% @ 1087

100% in long at 1083.5

I am neutral at this point

Had too many meetings in morning and missed the whole short that i was expecting at 1003-4 ish..as well as entry into long at lower levels...watching.

Boght 50% 1086 stop 1084

Cover at 1092

OCO order placed

Short 50% @ 1104 with stop 1105 and cover at 1094. Need to step away

May take AH long trade with tight stop

When opportunity presents. I could see this drifting to 1100+...I will be posting the trade on blog when I do take the same.

And here is 94 I was looking for

Oh well...Was waiting for 1084 but we returned back from 1085ish

Missed long entry again

will wait...

OCO order on rest 50%

Need to step away...Stop 1088 or cover at 1094.

Out 50% at 1087

This is the level that needs to be overcome soon.

Stop on whole thing at 1082

In case there is a retest of lows. Will reenter at lows.

100% back in at 1083

Out of all longs @1083

Lets wait until FOMC

I will exit long before FOMC

Both drop and bounce would be extreme. Be cautious either way. Better to play it after FOMC.

Back in 100% 1082.75

Stop LOD

Need to get above 86-88 area soon

If not I will be scaling back 50% around this area. Keep in mind 86 was yesterday's low.

Added another 50% at 1085.25

Stop on whole postion 1084

50% long at 1086.5

Stop 1085

Waiting for new home sales for direction

Away for next half an hour

Logical place to take trade would be @ 93 with stop at 92 and below that @82 with stop @80

Pretty much in yesterday's range...

Between 93 to 98. Waiting...

Tempting to buy back at 1092

with stop just LOD - .25 but waiting

Stop raised to 1092 on whole position

Won't exit at 1096...watching market.

100% in 1087.75 with stop @1086

Will be out at 1096. Will not be able to post exits realtime...

50% long at 1084

Will add more later...I had order placed at 1080 cancelled that for now as I am in at 1084. Stop on this lot at 1081.5

Stopped out- No positions

Back and I see stopped out...I hope you guys got better price to get out at 1100

Stop raised to 1094 and valid AH

I need to step away so not taking chances.

Stop on 50% raised to 1092

I will be buyer at 1086-88 again. Need to step away. And Sell order if at all we get there set @ 1105.

1098 Needs to be taken out

Lets see..

Out 50% 1094.5

As we all know right now long is weak trade and only hope is PPT.

Ok changed stop to 1089.5

Just in case there is retest.

100% long 1090

Add 50% more long at 1093.5

Stop on this lot 1092.5 Adjusted

Stop 1090.5

Need to reevaulate if it keeps going down. And shall I say...I missed exit during Globex ...order was placed at 1104. Ok no bullshit and just trades...so whatever.

Levels for exit

1104 or 1109 ....or may put stop at 1099 once we see those levels.