One to watch

Stocktiger.com I highly recommend this site.
Great site...great guy...great trader.
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11-12-08 Market Recap

Very good trading day for the disciplined traders...trade what you see. Nice trend day to the downside with the indexes off approx. 5%...is that all. Seems like 5% is nothing these days. I'll be out of the country for about 2 weeks so I have 2 days to bank some nice coin to hold me over. The exchange rate in Mexico is great right now so I'll be the big fish trying to find a little pond. The downside played out as expected on the indexes and don't listen to anyone that tells you that the technical analysis didn't point to at least a retest of the lows. My conservative target was 850(check the post from earlier in the week) I daytrade so I need not worry about how low she will go...I just need to find the major trend and ride it.

11-12-08 Live trades...real money

Couple live trades that I did towards the close of the day...everything is explained and the trades are planned and executed.

11-11-08 Stock Market Recap

Daily Pivots for day following 11-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	1034.50	1008.25	917.48
R3	990.00	963.75	905.24
R2	945.50	945.50	901.16
R1	919.25	919.25	897.08	910.13
PP	901.00	901.00	901.00	896.44
S1	874.75	874.75	888.92	865.63
S2	856.50	856.50	884.84
S3	812.00	830.25	880.76
S4	767.50	785.75	868.53

Russell2000

Daily Pivots for day following 11-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	548.9	535.5	491.9
R3	528.0	514.6	486.1
R2	507.1	507.1	484.2
R1	493.7	493.7	482.3	490.0
PP	486.2	486.2	486.2	484.3
S1	472.8	472.8	478.5	469.1
S2	465.3	465.3	476.6
S3	444.4	451.9	474.7
S4	423.5	431.0	468.9

11-10-08 Market Recap

S&P 500

Daily Pivots for day following 10-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	1100.83	1068.17	952.85
R3	1043.83	1011.17	937.18
R2	986.83	986.83	931.95
R1	954.17	954.17	926.73	942.00
PP	929.83	929.83	929.83	923.75
S1	897.17	897.17	916.28	885.00
S2	872.83	872.83	911.05
S3	815.83	840.17	905.83
S4	758.83	783.17	890.15

Russell2000

Daily Pivots for day following 10-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	612.4	590.6	515.6
R3	575.7	553.9	505.5
R2	539.0	539.0	502.1
R1	517.2	517.2	498.8	509.8
PP	502.3	502.3	502.3	498.6
S1	480.5	480.5	492.0	473.1
S2	465.6	465.6	488.7
S3	428.9	443.8	485.3
S4	392.2	407.1	475.2

11-07-2008 Market Recap

The numbers for today are S&P

Daily Pivots for day following 07-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	1034.42	1021.83	956.33
R3	997.92	985.33	946.29
R2	961.42	961.42	942.94
R1	948.83	948.83	939.60	955.13
PP	924.92	924.92	924.92	928.06
S1	912.33	912.33	932.90	918.63
S2	888.42	888.42	929.56
S3	851.92	875.83	926.21
S4	815.42	839.33	916.18

R2K

Daily Pivots for day following 07-Nov-2008
	Classic	Woodie	Camarilla	DeMark
R4	566.7	559.1	521.5
R3	546.0	538.4	515.8
R2	525.3	525.3	513.9
R1	517.7	517.7	512.0	521.5
PP	504.6	504.6	504.6	506.5
S1	497.0	497.0	508.2	500.8
S2	483.9	483.9	506.3
S3	463.2	476.3	504.4
S4	442.5	455.6	498.7

Breather

The markets took a little breather after the 2 massive down days but the picture still remains the same. The rallies are being sold and it looks like they are using up days to liquidate into strength. Volatility remains high and it remains a trader's market. Bottom pickers are getting burned...continue to wait for high probability trades and lock in profits when you get them.

As expected

The markets dropped as expected but dropped much more than expected...as a trader our job is to be on the right side of the trade and everything else will take care of itself. Let the winners ride and cut the losers quickly.

Short and sweet

The markets have settled into a trading range(which it does 60%-70%) of the time. The high volatility makes it important to focus on price and to protect your capital and profits as if your life depends on it. The sell signals are fresh and support levels are flimsy. We had a vicious bear market rally the past week but failed to make a higher high...so down she goes. 875-850 are highly likely.