Chatroom Trade and Commentary 20080618

09:42 Toni: paltry gainers lists lol

09:58 Toni: all the financials are dominating the losers lists today
09:58 Toni: oh.. i have an article b sent me last night
09:58 Toni: just a sec
09:59 Toni: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml
09:59 Toni: a bit of doom and gloom

10:02 Toni: AN is basing at lows
10:24 Toni: AN first support
10:24 Toni: 12.71



10:05 Toni: dow is holding premarket lows

10:55 Toni: NQ is coming into Friday's afternoon lows
10:55 Toni: ES is closing in on last week's lows
10:56 Toni: this is a decent support zone although doownside momentum remains strong
11:08 Toni: futs coming into first resistance from this bounce off the support
11:37 Toni: futs second resistance coming off those erlier lows here

11:26 Toni: BUD potential 5 min avalanche
11:34 Toni: BUD fighting against bullish daily for this avalanche
11:43 Toni: BUD i think should have gone by now
12:13 frank_: toni what was your tgt on bud
12:13 Toni: had been looking for 61.60ish
12:13 Toni: so basically hit within 2 ticks



11:28 Toni: futs trying to pull lower again
11:28 Toni: momo reversal on the YM 100 tick
11:29 Toni: con is the highs are a bit further apart on 2 and 3 than between 1 and 2
11:30 Toni: short

11:33 Toni: the larger time frames in the market have turned up... so this momo is against a larger trend bias

11:37 Toni: futs second resistance coming off those erlier lows here
11:43 Toni: futs resistance holding

11:53 Toni: futs into resistance again here
11:53 Toni: this is morning highs intraday in the NQ
11:57 Toni: third push higher into resistance so decent shot of a bit longer correction this time
11:57 Toni: pace is strong tho so can take a for it to pull back in price instead of just time
12:06 Toni: pace slower on this correction in the nasdaq but not too bad in the S&Ps and Dow.. a little initial support in here
12:06 Toni: larger pattern is favoring 5 min correction tho so room for cont patterns lower
12:43 Toni: futs giving us that larger correction
12:48 Toni: futs at next support
12:54 Toni: futs holding support zone but not much action

12:52 Toni: CSIQ turning bearish intraday

13:32 Toni: SMTS base at lows ($19.87)
support call at $19.26

13:33 Toni: futs support
13:51 Toni: ES is trying to hold a 15 min 2B