The NEW website for E.T. users is http://ninilamar.tripod.com/ Please use this website to download and view the daily forecast from this day foreward. I know that is has been very difficult and time consuming for me to post in realtime & update charts so now everything you need to follow along is on the site. p.s. this should clear up any and ALL confusion regarding the overall strategy and what Im trying to accomplish in the market. I will still be posting in my journal. However the website will serve to help fascillitate the discussions. Thank You
"Temporarily Unavailable The Tripod page you are trying to reach has exceeded its hourly bandwidth limit. The site will be available again in 2 hours! Thank you!" C'mon throw in $5/month for paid hosting mr. great trader.
- Or - YOU could be like everybody else & PM me your e-mail address and I'll put you on the list to have the FORECAST directly sent to you before it becomes available on the website! This is a "FREE" service so that "YOU" can have to opportunity to improve your current trading results "WITHOUT" having to pay for it! what more do you want????
We are now getting dangerously close to a 50.00% Fib retracement. The 2:30pm - 3:30pm EST rule held true as the market unable to retrace enough off the morning lows to take out highs put in a new leg down to new lows. This is a common sequence in 15-20 pt ranges. Swing Vix is right on the money! We could still get a nice bounce tommorow. We will look to play the breakout tommorow. New Longs will have to wait for this setup before buying. I would be cautious of any buying off support as the Swing Vix is picking up Downward momentum that could carry along with it MUCH volatility to the downside.
If you havent already requested to be on the e-mail mailing list NOW is the time. I have had numerous complaints about the current bandwidth situation on the website. It may be impossible at times to access the FREE website so Im offering for those who request it to be added to the "QUICKCAST" Hot list. That way you can have access to the report after the close of each trading day. Now you no longer have to wait in line! Today's "QUICKCAST" report.
Strong bull leg still not completed. Still early into up leg development. Will probably hit resistance early around 1020.00 Good idea to place limit order profit target and take the 3 points. If market pulls back after profit target may consider re-entry at 1017.00. We will have to wait and see.
The NASDAQ 100 is under pressure this morning because of the IBM downgrade. This could turn into a NRD. ES 10-day MA @ 1016.00 price action is in pivot mode around this number. We will need a close above this preferrably today. I will still trade my system and will not deviate from trade plan. If NRD developes and the 7.25 stop loss is not hit then I will hold the Long overnight and look for the breakout tommorow.
AAA , try putting your mouse over the pic and press on the right mouse button or just keep it over the pic for a few seconds.... You will see this strange symbol on the bottom right of the screen ....click on that... I never knew about this, someone pointed this out to me here on ET the other week... Nick