Tuesday, August 14, 2012

EMINI S&P 500 8/14/12


[16:08] Matt R: buyin mkt
[20:58] Matt R: 1399.00 pivot on the weekly
[23:02] Matt R: target 1403.50
[23:02] Matt R: gonna take money and run at that price
[23:02] Matt R: then start looking for reversals to the downside
[23:03] Matt R: ES HIT THE TOP OF THE PZ ON THE QUARTERLY, BEARS ARE COMING IN AND SELLING TRYING TO BLOCK THE BULLS FROM TAKING CONTROL OF THE MARKET ON THE QUARTER.
[23:04] Matt R: REMEMBER THE BULLS ARE IN CONTROL OF THE MARKET ON THE YEAR.  AND STILL ATTEMPTING TO MAKE A BULLISH BREAKOUT.
[23:04] Matt R: THE BEARS ALREADY FAILED TO TAKE CONTROL OF THE MARKET ON THE QUARTER.  TIME FILTER DID NOT HOLD BELOW THE BOTTOM OF THE PZ
[23:06] Matt R: REMEMBER ON THE 1ST TOUCH OF THE TOP OF THE PZ WE EXPECT BEARS TO COME IN AND BLOCK THEY HAVE DONE EXACTLY THAT.
[23:08] Matt R: THE FIRST BLOCK SHOULD BE THE STRONGEST IN VOLUME THIS IS DUE TO THE FACT THAT NEITHER THE BULLS OR THE BEARS CURRENTLY HAVE CONTROL OF THE MARKET ON THE QUARTER.
[23:10] Matt R: THIS FIRST MOVE DOWN SHOULD BE QUICK AND VIOLENT TO THE DOWNSIDE.  IF THE BULLS CAN WEATHER IT WHICH WE ALREADY KNOW THEY WILL BECAUSE THE MARKET ALREADY MAKE A BULLISH BREAKOUT ON THE QUARTER
[23:11] Matt R: THIS MARKET WILL EXPLODE UPSIDE IN THE 2ND PUSH IN ATTEMPT  TO BREAK THE TOP OF THE PZ ON THE QUARTER.  IF THE BULLS ARE SUCCESSFUL AND BREAK THE ES ABOVE THE TOP OF THE PZ AND HOLD THE TIME FILTER 7 CONSECUTIVE DAYS.
[23:12] Matt R: TOP OF THE PZ AGAIN IS 1407.75 REMEMBER THE ES WILL TAKE ANOTHER ATTEMPT SO TRY TO GRAB SOME QUICK POINTS ON THIS OVERNIGHT UPSIDE MOVE
[23:18] Matt R: THE SIT AND WAIT FOR A SELL SIGNAL OFF THE ZT PHILOSOPHY ON THE WEEKLY PROFILE
[23:18] Matt R: THE SELL SIGNAL WILL EITHER BE RULE 2 OR PIVOT BOUNCE 2 THAT WILL GENERATE THE SELL
[23:22] Matt R: ALSO YOU WILL WANT TO UTILIZE YOUR OLD PERSISTENCE ZONES ON THE DAILY PROFILE ONCE IS WHITE AND THE OTHER IS RED  THE TIME FILTER MUST HOLD BELOW THE BOTTOM OF THE PZ IN WHITE IN AT 1393.25 1ST IF DOES DOWNTREND WILL CONTINUE STAY SHORT.  THEN IT HAS TO HOLD TIME FILTER BELOW BOTTOM OF THE PZ IN RED 1387.25
[23:22] Matt R: IF ES HOLD 7 CONSECUTIVE MINUE TIME FILTER STAY SHORT KEEP PLAYING TOWARDS THE ZT PIVOT ON THE MONTHLY PROFILE
[23:24] Matt R: AS ES APPROACHED THE PIVOT ON THE MONTHLY PROFILE AND YOU CAN ALSO SEE THE TOP OF THE PZ THERE START LOOKING FOR BUY SIGNALS ON THE WEEKLY PROIFLE  MOST LIKELY FAILED BEARISH TREND EXTENSION RULE 12
[23:25] Matt R: KEEP IN MIND THAT YOU CAN ALSO USE THE TIME FILTER BELOW THE BOTTOM OF THE PZ ON THE WEEKLY IF HOLDS SELL WILL CONTINUE TOWARDS PIVOT ON THE MONTHLY.
[23:26] Matt R: ONCE LEGGED BACK IN LONG START LOOKING FOR ANOTHER ATTEMPT AT TOP OF PZ ON QUARTERLY IF BREAKS IT WILL EXPLODE UPSIDE.....
[23:26] Matt R: SEE YA IN THE A.M.
[23:26] Matt R: RMEMBER TARGET 1403.50 ON CURRENT