ER2-2006-10-31-TRADING-PLAN-2-SHORT-EXIT-767.2
Exit 767.2, near support of yesterday’s open. Also measured target from last bear flag at 770 area.

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10/31/2006ER2-2006-10-31-TRADING-PLAN-2-SHORT-EXIT-767.2Exit 767.2, near support of yesterday’s open. Also measured target from last bear flag at 770 area.
ER2-2006-10-31-TRADING-PLAN-2-SHORT-ENTRY-770.8Short here, hit low and below pivot and day’s low. Target 769 or 964. Stop 772.0
Long CGEN, bounce from double bottom making higher high higher lowLong @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.
ER2-2006-10-31-TRADING-PLAN-1-SHORT-EXIT-772.5Exit 772.6, bounced 771, almost break even.
ER2-2006-10-31-TRADING-PLAN-1-SHORT-ENTRY-773.5Force 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.
ER2-2006-10-31-TRADING-PLANLooks 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.
10/26/2006ER2-2006-10-26-TRADING-PLAN-1-SHORT-ENTRY-774.0Short here, look to fill gap on low opening volume. R1 is at 775.5. Target 769.
ER2-2006-10-26-TRADING-PLANHnS 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.
10/25/2006ER2-2006-10-25-TRADING-PLAN-1-LONG-EXIT-771.3Exit long 771.1. 773 at resistance and volume dried up.
ER2-2006-10-25-TRADING-PLAN-1-LONG-ENTRY-768.1Stopped at 768 but pullback just below, long. Target 772.
ER2-2006-10-25-TRADING-PLAN1Symmetrical 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.
10/24/2006ER2-2006-10-24-TRADING-PLANHead 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.
10/23/2006ER2-2006-10-23-TRADING-PLANHnS was confirmed Friday, hitting the neckline as used it as resistance. Short with target at 758.
10/20/2006Watching RIMM, at bull flag consolidationAfter a solid breakaway gap, looking to consolidate for more upside move.
10/18/2006ER2-2006-10-18-TRADING-PLAN-2-LONG-EXIT-772.1looking weak, possible breakdown more as market in general is in rising wedges (ND100, S&P500, Dow30).
ER2-2006-10-18-TRADING-PLAN-2-LONG-ENTRY-770.4Back to 3000 chart. On trendline here for support. Long. 782 target, 768, stop loss.
LONG-GOOG pullback at suportOut of the symmetrical triangle and not on second pullback at support and momentum going upwards. Stop 392, target 550.
ER2-2006-10-18-TRADING-PLANLooks like it was a pullback last for possibly making new highs. Target for inverted HnS is 782 on daily chart. Keep longs only.
10/17/2006LONG NEM - back to 38% retracement and long term trendline on weeklyLong entry. 42.4 held as support. Target 47 and maybe more.
ER2-2006-10-17-TRADING-PLAN-1-SHORT-ENTRY-765.5Broke 766 support and used as resistance. Scalp here to 758 if possible.
ER2-2006-10-17-TRADING-PLANDropped 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.
10/16/2006ER2-2006-10-16-TRADING-PLAN-1-LONG-ENTRY-772.7Long from pullback from breakout. Target 784
ER2-2006-10-16-TRADING-PLAN.jpgFinally 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.
10/14/2006Long EBAY breakout, support confirmedForming 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.
10/13/2006Watching NEM at Trendline Support and 32% RetracementIt’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
ER2-2006-10-13-TRADING-PLANMarket 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.
10/12/2006GOOG broke out of symmetrical triangleand used it as support. I missed the entry. But will wait for the next pullback. No point in chasing such a volatile stock.
ER2-2006-10-12_TRADING-PLAN-1-LONG-EXIT-755.1755-756 is still resistance. Must wait until breakout is proven before letting it go higher.
ER2-2006-10-12_TRADING-PLAN-1-LONG-ENTRY-752.8try long again. adjusted stop properly now.
ER2-2006-10-12_LONG-ENTRY-753.5gap up, then remain above, and pulled back. Entering a pullback action.
ER2-2006-10-12-TRADING-PLANmarket 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.
10/11/2006Watching DIA (Diamond) wedge pattern convergingMarket 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.
ER2-2006-10-11-TRADING-PLANBulls 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.
10/10/2006General Motors (GM) breaking down from rising price channel, bearishIt’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.
ER2-2006-10-10-TRADING-PLAN-2-LONG-ENTRY-750.7short pullback, seem to be bullish and possible set up for new high? Taking a long with tight stop.
ER2-2006-10-10_SHORT-ENTRY-747.0Short, 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.
ER2-2006-10-10-TRADING-PLAN749 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
Watching AKAM– rising wedge for a short entryPrices 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.
10/9/2006ER2-2006-10-09-TRADING-PLAN-1-LONG-EXIT-746.5Near resistance at 746, taking profit since today is still in range day
ER2-2006-10-09-TRADING-PLAN-1-LONG-ENTRY-743.5long consolidation and finally a higher high on lower timeframes. small range but will scalp today.
EBAY- ascending triangle, breakout to be confirmedWatching 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.
AMZN Gap Filled Now At Resistance-ShortAMZN gapped down then went back to fill it. Right now it’s at resistance. Favors down to near low. Shorting here.
ER2-2006-10-07-TRADING-PLANA range seems to be settled between 749 and 739. Buy support and sell resistance. Until they broke upside or downside to trade accordingly.
10/6/2006ER2-2006-10-06_SHORT-EXIT-741.2_+1.8ptsExit Short. Met S1 and stopped, right place to exit and target was near, not worth risking too much for less.
ER2-2006-10-06_SHORT-ENTRY-743.0short again, resistance at 745, targeting 739-740. Possible consolidation in the making.
ER2-2006-10-06_SHORT-EXIT-741.1_+2ptsExit short, almost made it to 738.4 but market bounced.
Short GOOG at top of symmetrical triangleGOOG consolidating, possible upside, but for now, sell resistance and buy support until breakout. Short 412. Stop 430. Target 377.
ER2-20061006-TRADING-PLAN-1-SHORT-ENTRY-743.1shorted as the wedge has formed, and channel broken to downside.
short YHOO, head and shoulders confirmedHead 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.
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