Inventory Grab Alert 4/30/09!

I was able to get about 1/2 of my max size on in the 924's to 926.75 zone......the set-up at the time was looking pretty good.

 

I have started some selling as we approach the 894's this a.m. (have my first entry level at 893.00 so far). The 888.00 price level will be my first target.

 

OK.....893.00 entries out at b/e on the high retest.....looking for new sell signals at higher pricing levels.

 

Looks to me like MM's did a quick long squeeze @ 891.75 and ran stops below 891 before taking it to the upside to try & break resistance 894.

Seems bulls control order flow this morning overall.

This is the fight to make another "Lower High" on the chart.

 

If you had not seen the evidence of buyers dropping out, you would then be looking for your ~50% criteria upon tests of the 840s before determining the level was neutralized?

 

Ahh.. here comes the bears. 889 to hold or not?

 

bulls definitely ran out of steam on that run up

 

AMT, do you still engage in chatrooms during regular trading hours somewhere?

 

Asshole nearby says that 900+ is just too juicy to not occur, and perhaps even near to 930 later this week?.

JW

 

It's possible if bulls resume the uptrend after a "scare" break of the anchor uptrend channel.

Bulls need to make at least 1 HH first to give it some credibility. They are certainly having their share of problems at the moment