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10/31/2006

ER2-2006-10-31-TRADING-PLAN-2-SHORT-EXIT-767.2

Filed under: - torero @ 9:42 am

Exit 767.2, near support of yesterday’s open. Also measured target from last bear flag at 770 area.

Russell 2000 index futures exit


ER2-2006-10-31-TRADING-PLAN-2-SHORT-ENTRY-770.8

Filed under: - torero @ 9:18 am

Short here, hit low and below pivot and day’s low. Target 769 or 964. Stop 772.0

Russell 2000 index futures short


Long CGEN, bounce from double bottom making higher high higher low

Filed under: - torero @ 7:59 am

Long @3.05, off double-bottom support, 2nd pullback with good volume, broke the falling trendline, making higher high and higher low, breaking above previous lower low. Targe 4.0, stop 2.4.

CGEN long from double bottom


ER2-2006-10-31-TRADING-PLAN-1-SHORT-EXIT-772.5

Filed under: - torero @ 7:37 am

Exit 772.6, bounced 771, almost break even.

Russell 2000 index futures flat


ER2-2006-10-31-TRADING-PLAN-1-SHORT-ENTRY-773.5

Filed under: - torero @ 6:52 am

Force index showing bearish divergence, price broke new low, price didn’t reach upper trendline on 600 tick. Lower low/lower high showing on 200 tick. Not too emotional today, willing to go either direction, just waiting for failure to happen.

Russell 2000 index futures short


ER2-2006-10-31-TRADING-PLAN

Filed under: - torero @ 6:26 am

Looks like we’re stuck in 779-763 range. Buy support, sell resistance until they break out either direction and confirm and go with that direction. Could be consolidating for more upside but nothing is sure yet.

Russell 2000 index futures trading plan


10/26/2006

ER2-2006-10-26-TRADING-PLAN-1-SHORT-EXIT-768.7

Filed under: - torero @ 7:28 am

Exit 768.6. target met. Support here

Russell 2000 index futures short exit


ER2-2006-10-26-TRADING-PLAN-1-SHORT-ENTRY-774.0

Filed under: - torero @ 7:23 am

Short here, look to fill gap on low opening volume. R1 is at 775.5. Target 769.

Russell 2000 index futures short


ER2-2006-10-26-TRADING-PLAN

Filed under: - torero @ 6:23 am

HnS has failed, a very bullish sign. Bull flag broke yesterday. Prices are just below long-term rising bottom pline, watch carefully here. Long on any pullbacks.

Russell 2000 index futures


10/25/2006

ER2-2006-10-25-TRADING-PLAN-1-LONG-EXIT-771.3

Filed under: - torero @ 7:45 am

Exit long 771.1. 773 at resistance and volume dried up.

Russell 2000 index futures


ER2-2006-10-25-TRADING-PLAN-1-LONG-ENTRY-768.1

Filed under: - torero @ 6:44 am

Stopped at 768 but pullback just below, long. Target 772.

Russell 2000 index futures


ER2-2006-10-25-TRADING-PLAN1

Filed under: - torero @ 6:20 am

Symmetrical triangle formed within a bull flag. Watch for breakout here. Will not trade until bull flag breaks out. Meantime can buy support and short resistance between 769 and 764.

Russell 2000 index futures


10/24/2006

ER2-2006-10-24-TRADING-PLAN

Filed under: - torero @ 6:17 am

Head and Shoulder still valid, seems to be moving up to meet the neckline again. As long as it stays below, the pattern is valid. On 60 minute chart, a bullish pattern has formed. Waiting for breakout to upside. A falling trendline is the pattern in action now. Buy at support and sell at resistance.

Russell 2000 index futures


ER2-2006-10-23-TRADING-PLAN-1-SHORT-EXIT-765.3

Filed under: - torero @ 2:38 am

near support 765.00

Russell 2000 index futures


10/23/2006

ER2-2006-10-23-TRADING-PLAN-1-SHORT-ENTRY-769.5

Filed under: - torero @ 8:37 am

Short here, double-top, at resistance.

Russell 2000 index futures short 769.5


ER2-2006-10-23-TRADING-PLAN

Filed under: - torero @ 6:02 am

HnS was confirmed Friday, hitting the neckline as used it as resistance. Short with target at 758.

Russell 2000 index futures Head and Shoulders


10/20/2006

Watching RIMM, at bull flag consolidation

Filed under: - torero @ 11:06 pm

After a solid breakaway gap, looking to consolidate for more upside move.

RIMM on bull flag consolidation


10/18/2006

ER2-2006-10-18-TRADING-PLAN-2-LONG-EXIT-772.1

Filed under: - torero @ 9:11 am

looking weak, possible breakdown more as market in general is in rising wedges (ND100, S&P500, Dow30).

ER2-2006-10-18-TRADING-PLAN-2-LONG-EXIT-772.1


ER2-2006-10-18-TRADING-PLAN-2-LONG-ENTRY-770.4

Filed under: - torero @ 8:01 am

Back to 3000 chart. On trendline here for support. Long. 782 target, 768, stop loss.

Russell 2000 index futures


ER2-2006-10-18-TRADING-PLAN-1-LONG-ENTRY-771.3

Filed under: - torero @ 7:23 am

stopped out, top might be nearing

Russell 2000 index futures


LONG-GOOG pullback at suport

Filed under: - torero @ 6:47 am

Out of the symmetrical triangle and not on second pullback at support and momentum going upwards. Stop 392, target 550.

GOOGLE Long at 392


ER2-2006-10-18-TRADING-PLAN

Filed under: - torero @ 6:35 am

Looks like it was a pullback last for possibly making new highs. Target for inverted HnS is 782 on daily chart. Keep longs only.

Russell 2000 index futures


10/17/2006

LONG NEM - back to 38% retracement and long term trendline on weekly

Filed under: - torero @ 1:10 pm

Long entry. 42.4 held as support. Target 47 and maybe more.

LONG NEM - back to 38% retracement and long term trendline on weekly


ER2-2006-10-17-TRADING-PLAN-1-SHORT-EXIT-767.2

Filed under: - torero @ 7:27 am

stopped out. Looks like 766 held.

Russell 2000 index futures


ER2-2006-10-17-TRADING-PLAN-1-SHORT-ENTRY-765.5

Filed under: - torero @ 6:52 am

Broke 766 support and used as resistance. Scalp here to 758 if possible.

Russell 2000 index futures short entry


ER2-2006-10-17-TRADING-PLAN

Filed under: - torero @ 6:04 am

Dropped back below the upper trendline. Still bullish until proven otherwise. Next support is 766 and 758, possible areas for longs but prefer to wait. Other scenario is it may consolidate.

Russell 2000 index futures


10/16/2006

ER2-2006-10-16-TRADING-PLAN-1-LONG-EXIT-774.0

Filed under: - torero @ 8:40 am

Exit near day’s high

Russell 2000 index futures


ER2-2006-10-16-TRADING-PLAN-1-LONG-ENTRY-772.7

Filed under: - torero @ 8:07 am

Long from pullback from breakout. Target 784

Russell 2000 index futures


ER2-2006-10-16-TRADING-PLAN.jpg

Filed under: - torero @ 6:33 am

Finally met upper trendline and at resistance. Let’s see if it stays or pull back to lower trendline. 784 is next resistance. We’ll wait for breakout and go long at first pullback.

Russell 2000 index futures at 771


10/14/2006

Long EBAY breakout, support confirmed

Filed under: - torero @ 1:41 am

Forming higher high and higher low. Breaking above the resistance area and confirmed it as support. Entry around 30.00, stop below 27.00, and target is below 35 where next resistance may be.

EBAY breakout confirmed


10/13/2006

Watching NEM at Trendline Support and 32% Retracement

Filed under: - torero @ 1:41 pm

It’s monthly charts show this is higher high and show 2nd 32% retracement. On weekly, it’s at rising trendline support. Good entry point in next few days if they are up days. Looking for entry above 44.00

NEM at trendline support

NEM monthly 32% retracement


ER2-2006-10-13-TRADING-PLAN

Filed under: - torero @ 7:00 am

Market is making strong moves, but too fast and everyone is wondering if a rest or break will happen. Meanwhile, long on pullbacks as long as the price action dictates it, higher high and higher low.

771 is next resistance and 749 as support.

Russell 2000 index futures


10/12/2006

GOOG broke out of symmetrical triangle

Filed under: - torero @ 11:26 pm

and used it as support. I missed the entry. But will wait for the next pullback. No point in chasing such a volatile stock.

GOOG (GOOGLE) breakout from symmetrical triangle daily


ER2-2006-10-12_TRADING-PLAN-1-LONG-EXIT-755.1

Filed under: - torero @ 8:17 am

755-756 is still resistance. Must wait until breakout is proven before letting it go higher.

Russell 2000 Index Futures Exit Long


ER2-2006-10-12_TRADING-PLAN-1-LONG-ENTRY-752.8

Filed under: - torero @ 7:02 am

try long again. adjusted stop properly now.

Russell 2000 index futures long entry


ER2-2006-10-12_LONG-EXIT-751.8

Filed under: - torero @ 7:00 am

out, stop was too close, miscalculated the low.

Russell 2000 index futures long entry


ER2-2006-10-12_LONG-ENTRY-753.5

Filed under: - torero @ 6:51 am

gap up, then remain above, and pulled back. Entering a pullback action.

Russell 2000 index futures long


ER2-2006-10-12-TRADING-PLAN

Filed under: - torero @ 6:22 am

market stayed in range yesterday. Possible same until a break above the 755 or below 740 to have significant trends. Until then short resistance and buy support.

Russell 2000 Trading Plan


10/11/2006

Watching DIA (Diamond) wedge pattern converging

Filed under: - torero @ 8:44 am

Market has been going strong, getting steeper and steeper, into a wedge. Need to stay above 117.00 if it’s to stay bullish, else below it, one heck of a ride down. Watching carefully. Note volume is drying up as new highs are made. Bulls making less commitments to new highs.

DIA (Diamond Trust) wedge formation


ER2-2006-10-11-TRADING-PLAN

Filed under: - torero @ 4:56 am

Bulls are getting tired, seems 750-755 is hard to break. Price channels angles are flattening. Possible small head and shoulders are forming, below 746 might be break for bears to rush in. Above 755 is bulls might buy more.

Russell 2000 Index futures trading plan


10/10/2006

General Motors (GM) breaking down from rising price channel, bearish

Filed under: - torero @ 1:07 pm

It’s been advancing rapidly past few months in a steep price channel. Now it’s last advance failed to reach the upper channel. Not only that, the big down day that broke the lower channel on heavy volume. Not bullish anymore, consolidation or breakdown most likely.

General Motors (GM) breaking down from rising price channel


ER2-2006-10-10-TRADING-PLAN-2-LONG-EXIT-751.1

Filed under: - torero @ 8:37 am

stopped out.

Russell 2000 index futures


ER2-2006-10-10-TRADING-PLAN-2-LONG-ENTRY-750.7

Filed under: - torero @ 7:57 am

short pullback, seem to be bullish and possible set up for new high? Taking a long with tight stop.

Russell 2000 index futures


ER2-2006-10-10_SHORT-EXIT-748.0

Filed under: - torero @ 7:28 am

consolidating at daily pivot, not moving down

Russell 2000 index futures


ER2-2006-10-10_SHORT-ENTRY-747.0

Filed under: - torero @ 7:00 am

Short, resistance held and there was no buyers this morning to push it higher to yesterday’s high. Market is still bullish but scalping here. 740 is target and next support.

Russell 2000 index futures short at 747.0


ER2-2006-10-10-TRADING-PLAN

Filed under: - torero @ 5:57 am

749 is still resistance until it’s been proven to support. This morning should answer the question. At this point better to wait and see which way it goes. If push above yesterday’s high, the first pullback will be our long entry. If falls back down, possible back to the range

Russell 2000 index futures breaking 750?


Watching AKAM– rising wedge for a short entry

Filed under: - torero @ 2:39 am

Prices are contracting while moving up, trendlines converging; shows a rising wedge. Watching closely to see what it does next. If break below the lower trendline line. If it can confirm by using the lower trendlines as resistance, prepare for a short entry.

AKAM rising wedge


10/9/2006

ER2-2006-10-09-TRADING-PLAN-1-LONG-EXIT-746.5

Filed under: - torero @ 8:37 am

Near resistance at 746, taking profit since today is still in range day

Russell 2000 index futures, Long Exit


ER2-2006-10-09-TRADING-PLAN-1-LONG-ENTRY-743.5

Filed under: - torero @ 8:26 am

long consolidation and finally a higher high on lower timeframes. small range but will scalp today.

Russell 2000 index futures breakout from consolidationER2-2006-10-09-TRADING-PLAN-1-LONG-ENTRY-743.5.jpg


EBAY- ascending triangle, breakout to be confirmed

Filed under: - torero @ 7:45 am

Watching careful as it is finishing up the reversal for move up, but still need to find support on this pullback to set the stop loss. To buy near 29.00. of where it’s making new high after this pullback.

Ebay Breakout from Ascending triangle
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AMZN Gap Filled Now At Resistance-Short

Filed under: - torero @ 5:13 am

AMZN gapped down then went back to fill it. Right now it’s at resistance. Favors down to near low. Shorting here.

Amazon Short At Resistance After Gap Fill


BA Falling Channel Short

Filed under: - torero @ 5:00 am

Top of the falling channel, turning down

Boeing Falling Channel Short Entry


ER2-2006-10-07-TRADING-PLAN

Filed under: - torero @ 4:23 am

A range seems to be settled between 749 and 739. Buy support and sell resistance. Until they broke upside or downside to trade accordingly.

Russell 2000 index futures


10/6/2006

ER2-2006-10-06_SHORT-EXIT-741.2_+1.8pts

Filed under: - torero @ 9:19 am

Exit Short. Met S1 and stopped, right place to exit and target was near, not worth risking too much for less.

Russell 2000 index futures


ER2-2006-10-06_SHORT-ENTRY-743.0

Filed under: - torero @ 8:12 am

short again, resistance at 745, targeting 739-740. Possible consolidation in the making.

Russell 2000 futures


ER2-2006-10-06_SHORT-EXIT-741.1_+2pts

Filed under: - torero @ 7:31 am

Exit short, almost made it to 738.4 but market bounced.

RUSSELL 2000 INDEX FUTURES SHORT EXIT


Short GOOG at top of symmetrical triangle

Filed under: - torero @ 7:02 am

GOOG consolidating, possible upside, but for now, sell resistance and buy support until breakout. Short 412. Stop 430. Target 377.

GOOG symmetrical triangle


ER2-20061006-TRADING-PLAN-1-SHORT-ENTRY-743.1

Filed under: - torero @ 6:46 am

shorted as the wedge has formed, and channel broken to downside.

RUSSELL 2000 INDEX FUTURES


short YHOO, head and shoulders confirmed

Filed under: - torero @ 6:34 am

Head and Shoulders have been confirmed, market is at new highs but GOOG is still consolidating, the sector might be in for correction. Target 18, then 15. Stop 30.

YAHOO weekly head-and-shoulders confirmed