dtsjuly2008

7/7

After a break I am back, although I will probably be irregular over the next couple of weeks, as I have a lot to do around here! I followed the wild action over the last days, looks like the market is not attracting much interest at the lows. I took a quick trade this morning as I had to leave on appointments. Short @ 1274.25 @ 10:01, my stop was 1278 above the volume cluster that sent us lower on 7/2. OUT @ 1269.50 @ 10:22 gain 57 pts. That is all for today. Good trading to you

TOTAL GAIN FOR THE DAY 57 PTS

7/8

Short @ 1254.50 @ 10:11, my stop was 1258 above the volume cluster during the A period that sent us lower. OUT @ 1251.50 @ 10:22 gain 36 pts. Long @ 10:46 @ 1246, my stop is 1243 just below the C period low.There is a nice divergence on the NYSE tick. My target is the other end of the range in the high 50's. UPDATE, We are stalling at the high volume cluster in the low 50's, OUT @ 1249, gain 36 pts. Short @ 1254.50 @ 11:21, my stop is 1258 above the high volume cluster in A period that sent us lower, the tick is looking hesitant at the 2nd SD too. UPDATE @ 12:09, We couldn't break below the 52's, i am sticking with my 58 stop, the next big block is the 60-63's from yesterdays M period. That would be the next level I would look to short if I get stopped out. Stopped out @ 1258, loss 42 pts. It looks like they may be taking the stops above the A period high, not even a push to the 60's. Short @ 1257.50 @ 12:28, My stop is 1263, the top of the volume cluster in yesterdays M period. The one concern is the XLF, it is moving up, but the block at the 60-63's is considerable. My targer is the other end of value in the low 50's. UPDATE @ 1:40 OUT @ 1251.50, we are right at the place where the volume cluster from the 45-49's sent us up. gain 72 pts. I am going to update my web site, and run out on appointments this afternoon, so that will do it for me. Good trading to you.

TOTAL GAIN FOR THE DAY 102 PTS

7/9

Short @ 1275.50 @ 10:26, my stop is 1279 above the volume cluster during the L period from the 7/2 profile. The NYSE tick is looking hesitant at the 2nd SD. My target is the other end of value in the low 70's UPDATE @ 10:49, selling is drying up, we touched the 71's, OUT @ 1273. gain 30 pts. Short @ 1376 @ 10:58, expecting a rotation back toward the low 70's, my stop is the same as the last trade @ 1379 above the A period high. It looks like a tight range balancing day thus far. UPDATE @ 11:04, I think my stop is in the wrong position as they could run the stops above the A period high, on the 7/2 profile, the L period high is 1280, I am going to move my stop to 1280.50. OUT @ 1275 @ 11:20, gain 12 pts. We touched the 73's and the selling dried up. Short @ 1276 @ 11:24 agian, my stop is the same @ 1280.50, my target is the 73's or lower. I was a couple of pts early, I had a good signal, but a better one came on the NYSE tick chart a couple of minutes later, We are moving in the right direction though, trading the 74's now. OUT @ 1274.25,just a touch on the 2nd SD below the mean was enough to attract passive buying. Gain 21 pts. I am taking a break for a bit. sell high buy low. Long @ 1269.50 @ 12:39 my stop is 1267 just below the current G period low, my target is the other end of the range in the high 70's. The XLF is also diverging. The 68-70 area from yesterdays profile had significant volulme that sent upup to yesterdays close in the mid seventies. I expect this to offer support before the G period ends.. If this fails, the 63-64's are the next target for a long in this balancing day. Stopped out, loss 30 pts. Now the question is can we get down to the 64"s or is this the range extension only to the 65's? Long @ 1267 @ 1:08 with a 1263.50 stop. My target is the other end of value up near the 76's. We still have a XLF divergence and selling is drying up down here. UPDATE @ 1:37, I am moving my stop up to 1365. OUT @ 1269, gain 24 pts Slow trade, a hit at tehe 2nd SD above the mean stopped the advance, I will look for a reentry. Long @ 1268 @ 1:51, my stop is 1264 below the H period low, my target is the same as before the high 70's. The tick is making higher lows, and the XLF is still diverging. stopped out loss 48 pts. This action is tough, no major volume in either direction, Long once agian @ 1265 @ 2:03. I think they ran the stops, the 64 volume cluster that I spoke about earlier is being tested agian, my stop is 1263 just below the current Jperiod low, my target is the same, the high 70's. damn stopped out agian. loss 24 PTS One more shot at a long, Long @ 1264 @ 2:28, my stop is 1362, my target the high 70's. The one thing that I dont like about this trade is the XLF is making lower lows, but thus far today, following any divergence's has not done well. We seem to be making lower lows, but not on much volume hence why i expect a rotation upward. Uncle, I am done, I missed the trend day, loss 24 pts. Long @1254 @ 3:11, my stop is 1253 below the L period low, lets see if we get some short covering into the close. We have a higher low on the tick with a lower low in price. My target is the 67's. i am done! loss 12 pts

TOTAL LOSS FOR THE DAY 51 PTS

7/11

Short @ 1230.50 @ 1:18, my stop is 1234.50 above the volume cluster during the E period that sent us lower. Stopped out, loss 48 pts Long @ 1234.50 @ 1:43, my stop is 1230, my target is the cluster in the B period in the mid 40's that sent us lower, or the gap in the mid 1250's. OUT @ 1239.25 @ 2:16, gain 57 pts.The NYSE tick is making lower highs, with higher highs in price. Short @ 1238 @ 2:21, My stop is above the curret J period high @ 1243. My target is 1230. The NYSE tick is making lower highs, and volume is drying up. OUT @ 2:28 @ 1233.25, Gain 57 pts. We touched the 31's but bounced up quickly. I was expecting a sell off from the mid 40's but we only got as high as the 41's, I would look to sell on a rally, we couldnt even get any shorts to cover. SHORT @ 1234.25 @ 2:38, My stop is the little volume cluster at the 37.75 area,make it 1238.25. My target is the lower end of value in the high twentys. that was close, 1238 was the high tick at 2:46, we may be in trouble on this one, damn out, loss 48 pts. WOW, THAT WAS A QUICK SHORT COVERING RALLY, sHORT @ 1250 @ 2:50, MY STOP IS 1252, MY TARGET IS THE 1239'S. OUT @ 1242.50 @ 2:54. Gain 90 pts. Man, that was a quick ride, I was expecting the short covering rally in the J period, but not after the K period sold off after almost reaching the volume cluster in the B period in the low 40's, the 38-39 area had a small block of buying volume that we bounced off of the 40 price quickly.Long at 1246 @ 2:59, I think we can fill the gap at the 53-55 area, my stop is 1245. My target is the gap near the 54-55's. Gotta run a close stop as price is all over the place,~~Almost there, OUt @ 1253 @ 3:02. Gain 84 pts. Wow, that was a wild few minutes of trading, why cant all the days be like this! Short @ 3:06 @ 1257, my stop is above the current L period high @ 1360. OUT @ 1251 @ 3:10 Gain 72 pts. SOME WILD TRADING!!! Going back to the last trade, there was a nice signal at the 2nd SD above the mean just 2 ticks above yesteredays high. I got out to early as usual though. I think I am going to call it quits for today, that was enough excitment for all weekend! I hope you were on the winning side of that crazy move, good trading to you!

TOTAL GAIN FOR THE DAY 264 PTS

7/14

Short @ 1253.25 @ 9:34, my stop is 1257 above the current A period high. My target is the upper end of value from fridays profile in the mid 40's. I am trading 16 lots today, unless we have a losing streak early in the day, then I will revert back to 12 lots. UPDATE @ 9:48, We are moving in the irght direction toward the gap from fridays close. The close from friday is 39.50, the closing range is from 39.50 to 42.00. The XLF is leading the way also, the NYSE tick is weaking. OUT @ 10:00 @ 1242.50, GAIN 172 PTS. Short @ 1245.25 @ 10:09, my stop is above the volume cluster at the 1249's @ 1250, my target is the low 230's, from where we short covered on friday. UPDATE @ 10:28, I am moving my stop down to break even @ 1245.25. The XLF has not made a lower low yet, the C period just opened up, OUT @ 1241.25 @ 10:30. gain 64 pts. Short @ 1241.50, my stop is the volume block above us @ 1246. My target is still the low 1230's.UPDATE @ 10:51, We are not breaking lower, OUT @ 1240 @ 10:51 gain 24 pts. It looks like we need to rally a bit before we go lower. The XLF is diverging here at the lows. LONG @ 1240.50 @ 10:54, my target is the 1245's wheere the volume cluster is that is resistance. My stop is 1237 just below the C period low. The NYSE tick also looks hesitant down at the C period low. OUT @ 11:01 @ 1244 GAIN 56 PTS, SHORT @ 1242.50 @ 11:02, MY STOP IS 1245 right at the current D period high, if we dont break soon, I think we could test the middle of the block of volume in the 46's, but why risk up to there, I can get a better fill incase it does break up, my target is the 1238 area. UPDATE @ 11:11 , 1238.50 IS MY TARGET, TRADING THE 39'S NOW, YES, OUT!!! GAIN 64 PTS. GOOD DAY SO FAR TODAY!! THE XLF is starting to break down, Short @ 1236.75 @ 11:25, my stop is 1240 just above us. My target is the 1230-1232 area. Negative Volume deltas are increasing also, I wish I could have got the 39's, but at that time volume was light, and the XLF was still diverging. I might be in trouble on this one, selling the low is never real good, The E periood just opened up, we need continuation to the down side NOW. We are not breaking lower, I am moving my stop to 1340, and considering getting out, OUT @ 11:43 @ 1237 loss 4 pts. short agian @ 1236 @ 11:48, my stop is 1240, selling the low agian, damn, the tick is making higher lows, so this trade is risky. The XLF looks like it wants to break though, and when it does, it will be a fast ride to the 1230 area, that is my target. UPDATE @ 11:51, HERE GOES, TRADING THE 34'S, UPDATE @ 11:55, getting close to my target trading the 32's. OUT @ 1232.25 @ 11:55, GAIN 60 PTS. I am going to have a nice Thai food lunch. Good trading to you. Short @ 1:41 @ 1231, my stop is above the F period high at 1234. There is a volume cluster that could be tested in the 37-38's so I will reenter if I get stopped out above the F period high. We have built 2 different volume nodes on the way down, we are testing the highs of the lower node now. My target is the mid 20's. Stopped out, loss 48 pts Short @ 1233.25 @ 1:48, my stop is 1235 right above us. My target is the same as the last trade. Reversing, now Long @ 1233. my stop is 1230, gain on the short, 4 pts. It looks like we are going to test the clusters above us in the 37's, or the 40-43's, Those are my target area's. Damn, stopped out loss 48 pts. No short covering today. And I ignored that nice block of 3256 of passive selling in teh 34.50 area. Damn. Short @ 1230 @ 2:49, my target is the close, my stop is 1235. there were lots of signs that I was on the wrong side when we couldnt break above the 35 area, the tick chart made lower highs as price was ralling, and selling volume deltas were increasing. I am moving my stop down to 1233 @ 3:01. If we cant break down here, there might be some short covering. UPDATE @ 3:16, I am moving my stop down to 1231.stopped out loss 16 pts. long @ 1233 @ 3:25, my stop is 1230, it looks like we are short covering, my target is the close. Can this short covering take us to the block at 1243? if so, if they cover we could trade up near the B period high in the 47's. weak short covering, out @ 1235 @ 3:41 gain 32 pts. Long @ 1234 @ 3:44 my stop is just below us at 1232, damn stopped out agian, loss 32 pts. Thats it for me, good trading to you. One more trade, short @ 1235 @ 3:51. stop at 1237. We have a nice 5000 delta that is negative that closed 5 minutes ago, a lot of supply up in the 34-37 range OUT @ 1228.75 @ 4:02 GAIN 100PTS. A ROUGH AFTERNOON SESSION FOR ME, MADE UP FOR THAT IN THE LAST 10 MINUTES. YES. GOOD TRADING TO YOU!

TOTAL GAIN FOR THE DAY 428 PTS

7/15

Short @ 1215.50 @ 9:38, my stop is 1219 above the current A period high. My target is the globex low in the 1209 area. UPDATE @ 9:58, WE TOUCHED THE 1210'S, I am going to hang in here a bit more. OUT @ 10:01 @ 1205.75 GAIN 156 PTS This market looks weak, I will be looking for shorts for a bit. Short @ 1205.25 @ 10:03, my stop is 1208. OUT @ 1201 @ 10:09 gain 68 pts. Short @ 1204.50 My stop is 1208 above the vlume cluster in the B period that sent us lower. Stopped out loss 56 pts Short @ 1208.50 @ 10:20, my stop is 1212.50 the B period high. We also hit the 2nd SD on the tick, looks like a reversal. The 50% fib from the oped is 1209.75 also. OUT @ 10:41 @ 1206.50, it looks like we need to consolidate, gain 32 pts. We also made a higher low in the tick with less selling volume. The 1212-1217 area is the next area of interest. The B period had over 400,000 in volume with only a 9000 negative differencial. Two sided trade is occuring here. Short @ 1208 @ 10:47, my stop is 1212 my target is the other end of C period in the 05's. That was quick,stopped out loss 64 pts. Short @ 1211.50 @ 10:53, my stop is 1216.50 right inthe middle of the block in the A period that sent us lower. So much for a trend day down, being on the wrong side of that rally cost me a lot of points, there should be a selling opportunity up here soon. loss 80 pts. the thing i ignored was the tick was clearly making higher lows. Yesterdays closing range the 27-29 is the next area where I will look for a short. Damn, the 24's were as high as we got, yesteredays low, I missed it. Short @ 1219 @ 11:11, my stop is 1223. OUT @ 1213 @ 11:35, gain 96 pts. This is right where the main short covering took place around 11am. A very wild morning session ideeed! Short @ 1214.50 @ 11:"43, my stop is 1217, my target is the other end of value in the 1206 area. The tick is weaking and there was no support at the A period block of volume that the short covering took us through, so I think we test lower. OUT @ 1214 @ 11:51, GAIN 8 PTS. The tick chart is making higher lows with price diverging., Volume delta's are drying up, no selling here anymore. Damn, look at that, why do I just get out? if I see a reason to get out, isnt there a good probability the market is going to go in the other direction? my answer to myself is yes, that is a goal of mine with brief therapy in the future. trading the 19's 2 minutes after I got out at 14. Short @ 1221.75 @ 12;00, my stop is 1224, just above the E period high. My target is the 1213 area. The concern with this trade is the XLF is breaking to the upside. The other side of the coin is the tick is making lower highs, but not by much, I may be in trouble on this one, but my stop is close, stopped out right to the tick while typing, oh well, loss 36 pts. One more try, short @ 1225 @ 12:05, we traded just above teh D period high, my stop is 1229.50 the high of yesterdays closing range high. My target is the 1212's or there about. Out @ 1221 @ 12:19, gain 64 pts. We couldnt get below the two sided block of trade in the 1219's, passive buying came in in the 19's. Look at this, agian, I gt out,dont reverse, and we are trdaing the 25's aigan! Short @ 1224.50 @ 12:23, my stop is 1226 just above the E period high. My target is the 1219's. stopped out loss 24 pts, This market is grinding higher but with a lot of two sided trade, not a lot of positive bias during any 30 minute preiod, we are at yesterdays close now~~Short @ 1228 @ 12:34, my stop is 1230 just above us and yesterdays closing range high. my target is the POC at 1214. UPDATE @ 12:44, WE TICKED 1229.75 THAT WAS CLOSE, WE MIGHT BE IN TROUBLE, WHAT A MISS DOWN IN THE 1213'S FOR A LONG, DAMN~~I HAD THE SIGNAL AROUND 11:50. DAMN DAMN. WE ARE NOT BREAKING DOWN OUT @ 1224.75, GAIN 52 PTS. Agian, I get out, and the market is 5 points above where I should have reversed. Short @ 1231 @ 1:03, my stop is 1234 just above the current H period high. My target is the 1217 or the POC. On the previous trade that I got out at 1224.75, there was a nice hit on the 2nd SD below the mean that I ignored for a nice reverse to the long side, why oh why do I do this? UPDATE @ 1:21 We are moving in the right direction the and tick chart was making lower highs as price tested the 1234's. Standing by for the 17's. UPDATE @ 1:25, I AM MOVING MY STOP DOWN TO 1228. TRADING THE 22'S NOW. UPDATE @ 1:36 THE POC JUST MOVED UP TO 1223 A FEW MINUTES AGO, I AM GETTING OUT, OUT @ 1:37 @ 1223.25 GAIN 124 PTS. SHORT @ 1224 @ 1:43, MY STOP IS 1227 ABOVE THE I PERIOD HIGH. MY TARGET IS THE OTHER END OF VALUE IN THE 1212 AREA. I might be early as the 50% retracement is in the 1226 level. STOPPED OUT, DAMN LOSS 48 PTS. SHORT @ 1227.50 @ 1:51 MY STOP IS 1230.50 THE POINT WHERE THE VOLUME CLUSTER SENT US LOWER FORM THE H PERIOD.The tick chart is at the 2nd SD and volume is weak, my target is the low of the I period at least, that is in the 1221 area. UPDATE @ 2:05, I am moving my stop down to 1229, we are trading the 24's now. OUT @ 1222.25 @ 2:09 GAIN 84 PTS I AM NOW TRADING 20 LOTS, YES!!LONG@ 2:16 @1223, MY STOP IS JUST BELWO THE i PEIROD LOW AT 1221, wow that was fast, out at 1227 @ 2:21, the I perod high, that was what I was expecting a rotation within the G -I volume cluster between the low to high twentys. Gain 80 pts. Short @ 1227.25 @ 2:23 expecting the same thing back toward teh low 20's, my stop is 1229. A nice hit on the tick at the 2nd SD above the mean with a retest of the I period high in the 28's. STOPPED OUT LOSS 30 PTS SHORT @ 1230 @ 2:33 MY STOP IS 1232, MY target is the H-I period low in the 1221-1223 area. The XLF is diverging and the tick chart is too. UPDATE @ 2:54, WE ARE STALLING BUT ALL MY INDICATORS SAY TO BE PATIENT. I AM OUT @ 1229.75 @ 2:57, I DONT LIKE THIS ACTION. gain 5 pts. The tick is building higher lows and the volume deltas are green, the XLF is starting to break out also. It never hit my stop, but I got out on the retracement back towards break even. That trade was dissappointing. Watch it break now that I am out! Short @ 1234.50 @ 3:02, this is right at a volume cluster from yesterday, from 34-35, my stop is 1235.50 right above us, it has to break, I am not risking any more than a point, hit that bid, tradign the 33's after a quick retest in the 34's~~OUT @ 1234 WE DIDNT BREAK QUICK ENOUGH FOR MY TASTE, GAIN 10PTS. SHORT @ 1233 @ 3:12, LOOK AT THAT, IT IS BREAKING NOW, MY STOP IS 1236, MY TARGET IS 1227. Right after I scratch they hit the bid, LMAO. At least I got back in, I think they could close this flat on the day down at yesterdays close. I am going to target the 1228's instead. OUT @ 1229.50 @ 3:19 There is a bit of passive buying down here int the 28-29's as there is a small block that sent us up from the K period. gain 70 pts. Thats all for me folks, I am going to update the simulated account update link tonight, and get a theraputic massage, Oh it hurts so good! Good trading to you.

TOTAL GAIN FOR THE DAY 511 PTS

7/16

Short @ 1215.50 @ 9:32, my stop is 1219.50 above the current A period high. There is a volume cluster from yesterdays M period sell of that may offer resistance. My target is the globex low in the 1202 area. Stopped out loss 80 pts Short @ 1218.50 @ 9:36, my stop is 1221 above the current A period high. I think my entry was a bit early and my stop a bit close, it was right in the center of the cluster. I should have had it at 1220 the first time. UPDATE @ 9:47, WE ARE STALLING IN THE 1213'S, HOLDING THOUGH FOR NOW~ OUT @ 1212 @ 9:49, THERE IS A BIG BLOCK RIGH BELOW US THAT SENT US HIGHER YESTERDAY FROM 1204-1209, I will look for the next opportunity. gain 130 pts. Look at that agin, I get out and in a minute we are trading the 1219's? Why dont I reverse!!! HELP!!! What a nice long from yesterdays close. I also missed an entry in the 1216-1218 area that would have given me a few points. that was on the 5000 delta footprint chart, the profile I am speaking about opened at 9:52 and closed at 9:53, right after the nice blue delta footprint right at the low. Short @ 1223.25 @ 10:02, my stop is 1226 right above the B period high. My target is the 1218's. UPDATE @ 10:08, I am moving my target to the top of the block of A period volume in the 1217's or so. That is where the second leg of buying took us up started. OUT @ 1218.50 @ 10:15. It looks like we are getting passive buying in the 1217-1219 area GAIN 95 PTS Short @ 1218.75 @ 10:34 my stop is 1221, that was quick, stopped out, loss 45 pts. That was to quick, i am taking a break! I didnt even finish my sentence! Short @ 1224.50 @ 10:38, my stop is just above the B period high buy a point @ 1226.75. I will take my break after this revenage trade! LOL. Damn stopped out, loss 45 pts. Time for a break! aOne more time, short @ 1226.50, my stop is 1229, my target is the 1219 area. That volume spike and the hit at tehe 2nd SD above the mean was to tempting to leave behind. Plus we just made it over The M period high from yesterday by just enough to take out the buy stops. The thing that has me concerned is the XLF is breqking upward, but so far it looks like a balancing day. UPdate @ 10:58, I dont like this action up here, OUT @ 1225 @ 10:58, gain 30 pts. Now I am taking a break. Short @ 1227.50 @ 11:14, my stop is 1229.75, looking for a break to the 24's at least. The tick looks top heavy up here. UPDATE @ 11:22, we are trading tehe 24's, but I think we could head to the cluster below us in the 1219 area, that is my new target. OUT @ 1223.75 @ 11:28, WE ARE STALLING HERE, Gain 75 pts. Short @ 1227.50 @ 12:27, my stop is above the high by a couple of ticks at 1230.50. The tick is looking top heavy, expecting a rotation back toward the E period low in the low 1220's. The XLF is also diverging a bit up here. stopped out, loss 60 pts. Short @ 1229.75 @ 1:02, right after I got stopped out I am back in, I think my stop was just a bit to close. My stop is above teh volume cluster from the L period yesterday at 1234.50 My target is the same the E period low in the 1219 area, damn the XLF is breaking out to the upside, I may be in trouble, I will scratch this trade if I get a chance at the 30 level and wait for the afternoon session., UPDATE @ 1:12, WE ARE TRADING THE 29'S, I HAVE CHANGED MY MIND AND AM GOING TO STICK WITH THE SHORT, MAYBE I GOT THE HIGH THIS TIME. STANDING BY FOR MY TARGET IN THE 1219 AREA. THIS MARKET IS ERATIC. WERE DID THE VOLUME GO? I STILL HAVE MY SHORT, BUT AM GETTING TIRED UP HERE, WILL STAND BY THOUGH, OH, NO WONDER, i MISSED THE FOMC MINUTES RELEASE. I am giving up on this trade, OUT @ 1231@ 2:14 loss 25 pts. Short @ 1234 @ 2:19, my stop is 1236.50, boy almost got stopped out @ 2:25, If this isnt the high, and I get stopped out, I am done for the day. I could have made money on every hit on the 2nd SD below the mean on the tick most of the day, calling the high all day has been disasterous, I am calling it quits to the close, if I get stopped out, so be it, if not, MOC. Worst case senerio, after commisions i made $250 with 20 contracts! LMAO! Good trading to you.What the hell, stopped out loss 50 pts, one more short @ 1237.50 @ 2:41, the tick is making lower highs as price is ralling, my stop is 1238. We have a negative 5000 delta bar at the high formed also. I've screwed up all day, why stop now with the best signal since I missed the last long! AH, THEY PUT ME OUT OF MY MISERY. LOSS 10 PTS

TOTAL GAIN FOR THE DAY 15 PTS

7/17

I am taking the day off today.

I would though expect selling in the 1245-1253 area in the AM. Good trading to you.

7/18

Short @ 1261.75 @ 11:21, my stop is 1265 above the current D period high. There is passive selling in the 52-63 area. We also have a nice negative 5000 delta footprint formed at the high. The tick is also making lower highs while price is diverging. It looks like we have a nice balancing day. I missed the opening sell off right to yesterdays close before the rally in D period. My target is the volume cluster is the 1254's. UPDATE @ 11:51, I am moving my stop to break even at 1261.75. OUT @ 1254.75 @ 12:12, GAIN 140 PTS Reverse @ 1254.75, now long @ 1254.75 with my stop below the volume cluster that sent us higher @ 1253, My target is the 1261 area. OUT @ 1255.50 @ 12:51 GAIN 15 PTS. THE NYSE TICK REVERSED WITH A NICE DOJI CANDLE AND CLOSED NEAR THE ZERO LINE, WITH DECREASING POSITIVE VOLUME DELTAS. WILL LOOK FOR A LONG BELOW THE B PERIOD LOW. LONG @ 1253.25 @ 12:58, I MISSED THE 52.25 TICK, MY STOP IS BELOW US AT 1252 THE B and G period lows. my target is the 1260's. The tick made a nice higher low as price diverged at the B period low.UPDATE @ 1:05, I AM REVERSING THIS POSITION @ 1253.50 @ 1:06, gain on the long was 5 pts. It doesnt seem that the blocks in A and B period lows are engaging, I think the new target for this short @ 1253.50 is the 1244's-1247's. My stop is 1257 above the last rally atempt of recent minutes around 12:58pm. UPDATE @ 1:31, SEEMS THEY ONLY WANTED TO TAKE OUT THE STOPS, ONLY GOT BELOW THE LOW BY 3 TICKS. REVERSEING AGIAN @ 1253.75, NOW LONG @ 1254 WITH MY STOP AT 1252. LOSS ON THE LAST TRADE 10 PTS. MY TARGET ON THE LONG FROM 1253.75 IS THE 1261 AREA. There was another nice divergence in the tick below the days low a few minutes ago. OUT @ 1257, the tick is making lower highs as price is consolidating. looking for a retracement before my next long, gain 65 pts. Long @ 2:02 1257, my stop is 1253.75, I was hoping for a bigger retracement but 1255.25 was the low seemingly. My target is still the other end of todays range. OUT @ 1259 @ 2:21 the tick chart is looking top heavy, a higher high in price, a lower high in tick with decreasing volume deltas, gain 40 pts. Long at 1257 @ 2:33 agian, my stop is 1254. My target is the 1261's. Stopped out loss 60 pts. Dont tell me they got me right to the tick? Short @ 1255 @ 2:57, It looks like they want to extend the range a bit below us, I would have liked to take profit at the 59's on my last long from 57 and got short a bit higher then the 55's but the profile looks lopsided and the next volume cluster form yesterday in in the 1247's, My stop is 1258, my target is 1248's.UPDATE @ 3:10, Almost stopped out, you gotta love selling the lows, Damn~I am moving my stop up to the J period high @ 1260. I am still expecting a break below the lows. My entry at the 1255 was early, so I think my stop is to close based on the poor trade location, i think my analysis is right though, ~~stopped out, loss 100 pts short agian @ 1260 @ 3:38, I dont see any reason not to be short up here, I think they ran the stops just above the J period high. My stop is 1263, my target is yesterdays close @ 1253, Well, I talked myself out of a winning strategy this afternoon. WOW. I was looking for the 1261s as my target on the way up from the low, but the J period and K period not getting there, brought yesterdays close into play. Then I ignored the tick making higher lows,while price was moving higher from about 3pm onward. I should have got long when L period couldnt make a lower low. That would have got me long near the 56's around 3:30pm. OUT @ 4:00 1259.50 gain 10 pts

TOTAL GAIN FOR THE DAY 105 PTS

7/21

Short @ 1265.25 @ 10:21, my stop is 1269 above the current B period high. There is a volume cluster that sent us lower on 7/9 from the 66.25-68.25 area. OUT @ 1263.50 @ 10:41 Gain 35 pts A quick retracement out of nowhere with increasing volume. Short agian @ 1264 @ 10:56,We have higher highs in price lower highs in tick, my stop is 1266 above the current C period high. My target is the globex low in the 1255 area. UPDATE @ 11:12, WE JUST HAD A SIMILAR FAST RETRACEMENT OFF OF THE 61'S WHICH WAS NEAR FRIDAYS CLOSE, I SHOULD HAVE GOTTEN OUT AT 61 AND REENTERED, AND THE TICK MADE THE LOWEST LOW FOR THE DAY AND PRICE COULDNT MOVE LOWER THAN THE LAST TIME DOWN, I SIMPLY MISSED THAT ONE, STANDING BY FOR OUR TARGET. OUT @ 1257 @ 12:17, GAIN 140 PTS. WE ARE BUILDING HIGHER TICK LOWS AT THE LOWS IN PRICE. PASSIVE BUYING IS OCCURING IN THE 56.75-57 AREA. This is right at the M period low from friday. The 52's and 53's should also offer micro support. I wouldnt be surprised to test the 61's-64's agian, might be a good spot to be short from. Right after we got out the tick is making higher highs, and the volume deltas are changing positive, Long @ 1257.75 @12:18, my stop is below us at 1253, the K and I period low from friday. My target is the 61-64 area. UPDATE @ 1232, WE ARE BREAKING UP TRADING THE 61'S STANDING BY. OUT @ 12:35 @ 1260.75, BUYING IS DRYING UP, WE DONT LOOK LIKE WE CAN MAKE IT TO THE 64'S, 4584 CONTRACTS SITTING ON THE ASK AT 1264.25, I THINK THAT IS PASSIVE SELLING. GAIN 60 PTS. Short @ 12:38 @ 1261, my stop is ABOVE the C-D period high @ 1265.25. The tick looks over done, a divergence over the last 5 minutes or so. The XLF is lagging also, we are testing the 62's while I type on less volume then the 61's, standing by~~My target is a retest of the lows in the 57 area before we rotate any higher~~It looks like we may be making it to the 64's after all, lets see if my stop at 65.25 is right, my exit on the last trade was early, but I had my valid reasons at time, now my entry is early, but agian I had my valid reasons. A thought of mine that I have shared with others regarding trading~~ "There are two kinds of mistakes, good ones and bad ones. The good ones have logical reasoning behind them, the bad ones have emotional reasoning behind them" SSK 2007. UPDATE @ 12:58, we are moving lower trading the 60's now. After my first entry signal, that I took, my second entry signal would have gotten my short at 62, oh well, standing my for my target. If we dont make a lower low in H period a few minutes from now, I will get out expecting a rotation upward, H period just opened up, trading the 59's-60's~~UPDATE @ 1:10, We havent made lower lows yet, i am moving my stop down to 1264. UPDATE @ 2:02. WE ALMOST GOT STOPPED OUT, MOVING THE STOP DOWN WAS PROBABLY THE WRONG MONVE, WE ARE NOW IN J PERIOD, WE NEED TO BREAK TO A NEW LOW SOON. STANDING BY FOR OUR 57 TARGET~~We are having trouble breaking below the 59's, OUT @ 2:27 @ 1259.25 Gain 35 pts. I am going to take a bit of a break, that might be all for today, Good trading to you. Well I see after we got out, we hit my orginal target! LMAO Long @ 1257.75 @ 2:52. My stop is 1255, my target is the 1263 area around the I period high.STOPPED OUT LOSS 55PTS. LONG 1255.50 @ 3:07, MY STOP IS 1253, JUST BELOW THE I-K LOW OF FRIDAY. UPDATE @ 3:20, We bounced off of the low, after getting stopped out right to the tick, trading the 58's now, I am moving my stop up to 1254 right below the L period low. My target is the POC at the 1263 area, we are having trouble breaking though teh 59's, OUT @ 3:28 @ 1259, gain 70 pts. Thats all for me, good trading to you!

TOTAL GAIN FOR THE DAY 285 PTS

7/22

Short @ 1250.50 @ 9:37, my stop is 1253 above the current A period high. My target is the mid 1240's. There is support there from the 7/17 profile and there is a volume cluster from 1241-1244. Stopped out loss 50 pts. The next area of interest is yesterdays closing range from 1258- 1262. Short @ 1255 @ 10:08, this trade is a bit risky, we didnt close the gap yet, my stop is 1258.50 right above the B period high, in case we run to the 1262's to fill the gap. There was a bit of volume taking us up, lets see it we can retest the 1250 area, that is my first target. Stopped out agian, loss 70 pts. Time to take a break. Long @ 1255.75 @ 10:35. My stop is right below us at the volume cluster in B period @ 1254. If the C or D period doesnt make a higher high, I will then look at assymetrical opportunities, at this point I am postitioned for a trend day up. Higher prices need to keep bringing in volume. OUT @ 1258 @ 10:46 We have a divergence in the tick and price on lower positive volume deltas. gain 45 pts. Long @ 1256.50 @ 1:01, We had a close hit to teh 2nd SD and selling volume dried up. This is right at support from the block in the B period also. My stop is 1253, below the B period low. UPDATE @ 11:06, WE ARE TRADING AT YESTERDAYS CLOSE~~OUT @ 11:06 @ 1260.50, GAIN 80 PTS. THERE IS ALSO A TICK DIVERGENCE AT THE HIGH, SHORT @ 1261 @ 11:08, MY STOP IS 1264 ABOVE YESTERDAYS I PERIOD HIGH. My target is the 1250 POC. The XLF is still strong, that is a worry. I am moving my target up to the 1254-56 area, that is the C and D period lows. OUT @ 1259.50 @ 12:01, gain 30 pts. We had a low hit toward the 2nd SD below the mean, in the same area as the last time before a retracement, with increasing positive delta volume. Last time down this pattern stopped the sell off. Short @ 1262.75 @ 12:11, my stop is just above us at 1264. My target is the POC down near 1255. We are right at the D-E-F period high retesting it. This might be the high for the day, the trend day is faultering. The POC has moved up to teh 1260 area, so my new target is the 1255 area, the other end of the value area. OUT @ 1258.75 @ 12:36, volume is drying up at the F period low. GAIN 80 pts. The next area of interest is the 1255 area. Short @ 1259 @ 12:48, my stop is 1262, my target is the 1255 area or possibly the 1251 area in the A period, if in fact today is simply short covering, which it appears to be thus far. Stopped out @ 1:40 loss 60 pts. Short @ 1261.25@ 1:42 my stop is 1265 above the days high.OUT @ 1258.25 @ 2:21, GAIN 60 PTS, Some passive buying in the 57's on the retest @ 2:20, also a divergence inthe tick/price. Short 1261 @ 2:32, testing the highs agian, my stop is 1265, my target is the 1257's.stopped out @ 2:48 loss 80 pts, short 1264.75 @ 2:48, my stop is 1267 above the A period volume cluster that sent us lower yestereday. Stopped out @ 3:47 loss 45 pts. One more shot at this, short @ 1266.50 @ 3:27, MY STOP IS 1270 ABOVE YESTERDAYS HIGH. I must say, I misssed a long signal, and took a short one that was the wrong one back around 2:25, that mistake hurt. The passive buying in the 57's turned inititive 15 minutes later, and I have been on the wrong side ever since. Also, I ignored the fack that the tick MA, everytime it hit the zero line was a good buying opportuity, for the most part. I will try not to ignore that agian. We are testing that high volume cluster with not much action. I am probably on the wrong side here agian, but I am not buying the high, the hell with that. 1 pt from stopping my day today.STOPPED OUT LOSS 70 PTS. Thats all for me, to many mistakes of my own making today, Good trading to you.

TOTAL LOSS FOR THE DAY 80 PTS

7/22

Long @ 1277.75 @ 9:46, MY STOP IS 1274 @ YESTERDAYS CLOSE. We are building strong tick on the NYSE and the XLF is stong, My target is the volume cluster in the 1288's from the 7/2 profile. OUT @ 10:31 @ 1285.25, GAIN 150 PTS. sHORT @ 10:31 @1286.50, MY STOP IS RIGHT ABOVE THE VOLUME CLUSTER FROM 7/2 @ 1288.50, THE TICK IS DIVERGING A BIT ALSO., THAT WAS QUICK, STOPPED OUT, LOSS 40 PTS. Short @ 1289.50 @ 10:42, my stop is 1292 above the C period high. The 7/2 profile's volume cluster from the A-C period is from the 1287 to 1293 area, we are testing that whole area now. The XLF on the daily's is at a resistance area also. If we break above the highs in the C period, over this 1292 area, the 1298 from the 6/26 profile is the next main cluster. UPDATE @ 10:59, We are testing the low of the consolidation line now in the 85's, If we can break this area, my target is the 1280 area, the volume cluster in B period that sent us higher. We do seem to be getting some passive buying int he 85's though, standng by~~our neg volume deltas are still forming though. I am moving my stop to 1288.50, worst case, that will make me 20 pts, trading the 83's while I type~~My target is 1280.50~~ trading the 82's now, I am moving my stop down to 1287.50. OUT @ 1283.75 @11:11, We are building positive volume deltas here, with a bit of passive buying in the 1283 area and a divergence in the tick also. Gain 115 pts. I am taking a break after a good morning session and heading to my favorite Thai resturaunt. Good trading to you. Well I didnt take the short I was looking at in the 1286's @ 11:31 and sure enough we hit my original target in the 1280's! Got distracted watching some Ron Paul Videos, LET THE REVOULUTION BEGIN! Out to lunch! Short @ 1:51 @ 1283, my stop is above the voume cluster in D period that sent us lower @ 1286, the tick is at the 2nd SD above the mean right near that volume cluster in D period. OUT and reverse @2:01 @1278.25, now long at 1278.25,my stop is below the us at 1275 below the A period low. Gain on the short was 95 pts. My target on the long from 78.25 is the 84's, the high of I period. OUT @ 1283 @ 2:12, gain 95 pts, there is a divergence in the tick and price, there is passive buying in the 82-84 area. Long @ 1281 @2:21, my stop is just below the consolidation line at 1280, my targer is the 1288 area above the other end of value, looking to test the C period cluster from 1288-1290 area. The tick made higher lows over the last 10 minutes as price retraced and consolidated off of the 84's~~OUT @ 1285.50@ 2:34, we just hit the D period high and couldnt break through, GAIN 90 pts. I AM NOW TRADING 24 CONTRACTS PER TRADE BASED ON MY MONEY MANAGEMENT, YES!! The high on this run was 86.50 one point from the bottom of that volume cluster that I spoke about in C period. Short @ 1284.25 @ 2:38, my stop is 1287, It looks as if the C period selling tail might in fact hold, as I type, trading the 81's, My target is the 1277's the lows near F-G-I-J PERIODS. UPDATE @ 2:42, WE HIT THE 80'S AND BOUNCED UP 2+ PTS QUICKLY, THAT AREA DOWN TO THE 77'S OFFER A BIT OF SUPPORT., STANDING BY TO SEE IF WE CAN BREACH THE 80 AREA. Ah the hell with it, taking my points and breaking my record for one day gains, OUT @ 1282.25 @ 2:44, GAIN 48 pts Long @ 1279.75 @ 3:10, My stop is below at 1277, my target is the other end of value at 1285's. The 77's are mostly below the volume cluster in A period that sent us higher earlier. The tick looks heavy on the 2nd SD below the mean, looks like time for a revrsal. There is also passive buying in the 79-80 area. UPDATE @ 3:24, WERE BREAKING UP TRADING THE 83'S, TRYING TO BREAK 600 PTS TODAY, GETTING CLOSE, OUT @ 1283.25 @ 3:25, there is passive selling in the mid 83's right at the top of the consolidation line. DID IT!! GAIN 84 PTS. THATS ALL FOR ME FOLKS, Good trading to you. One more trade, The tick is still diverging, making higher lows, while price is declining, negitive volume deltas are drying up also, Long @ 1279 @3:46, my stop is 1276, This is right where the cluster in A period and F period is, expecting a rotation back towardss the 1283 POC. OUT @ 4:02 @ 1283 Gain 96 pts, YES!! THAT IS IT, GOOD TRADING TO YOU!

TOTAL GAIN FOR THE DAY 733 PTS

7/24

Short @ 1279.50 @ 9:47, my stop was 1283 above the volume cluster during the A period that sent us lower. I missed the opening selloff from the 83's, but with yesterdays C period selling tail (6TPO'S) my stance for the open is a open drive day down, could very well lead to a trend day down. I have no target at this time other than saying the 1250's - 1260'scould be in sight. UPDATE @ 10:04, I am moving my stop down to 1281. OUT @ 1271.75 @10:16 GAIN 192 PTS, Even though it looks like a trend day down, I will look for a reentry higher, the selling on the tick is drying up, the volume deltas are positive, and a nice 5000 positive delta has formed on the footprint chart. There are 6000 contracts trading passively on the bid @ 1271, trading 73's now~~Short @ 1273 @ 10:20, my stop is 1277, this entry is a little early, i would have liked to have got to the 77's where a block of volume in A period sent us lower in B period, we will see, ~~Additionally when we hit the 2nd SD above the mean, the tick closed that 5 minute bare and opened the next bar down near the zero line. That is a pattern that looks weak~~UPDATE @ 10:26 I am moving my stop way down to 1274, considering my trade location, this trade has to work, otherwise, I will get back in near the 1277's. Stopped out loss 24 pts. Short @ 1274.75 @ 10:36 , my stop is 1277. The tick cant hold anything above the 400 level, 77 should be resistance, and If we are in a trend day, The C period should be close to rotating downwarad, and I dont want to miss the next leg down. If i get stopped out in the 77 area, I will reenter if all is well~~UPDATE @ 11:03, We have been consolidating longer than I would have hoped, but I see no reason to get out yet, D period just opened up, we do need to make a lower low soon though. I am moving my stop down to 1275 though. UPDATE @ 11:30, The E period just opened up and D period did finally make a lower low. trading the 65's now, there is a bit of resistance in the 65's from the 7/22 profile between 1264.25-1265 or so, this is just micro support, the two sided trade that occured with the corresponding larger volume cluster is between teh 1258-1263 area. This is a target for my current short. Having said that, I think we can test the other end of value on the 7/22 profile in the 1250-1255 area. OUT @ 1266.75 @ 11:34, GAIN 192 PTS. I have had a good morning session, reluctantly, I would like to step away and have lunch at my favorite Thai restaurant. This is also one of the things that I am working on, that is the ability to step away from opportunity, since there is always some available, and not get greedy in a sense, and just focus on execution and not money. I wouldnt be surprised if we tested the D period high in the 1272's. Good trading to you. Ah, what the hell, this trend is just to good to leave yet, Short @ 1267.25 @ 11:44, we have had a little retracement off of the 65's, and a lot of passive selling is accumulating in the 67's, my stop is 1271, near the top of the last leg down. We are making 2 TPO's in yesterdays value area high, there is an 80% chance that we will test the other end of that value range in the 1250's, I hope my stop is far enough away to catch that move, I will hang around for a bit more~~UPDATE @ 12:13, We tested the 69's now trading the 66's, I can taste my double delight in a chile sauce! I am going to leave my stop where it is, and put a limit to liquidate @ 1256.25~~LUNCH TIME. UPDATE @ 2:40, Every thing still looks good for our target in the 1256 area, standing by~~I am also moving my stop down to 1263 @ 2:46, OUT @ 1260 @ 3:01, selling is drying up down here. GAIN 174 pts. WE ARE NOW TRADING 28 CONTRACTS BASED ON OUR MONEY MANAGEMENT PROTOCOLS. Short @ 1262.50@ 3:06, There is passive selling in the 62.50-63.25 area, this is just above the consolidation line. We also just hit the 2nd SD above the mean which has been a great selling opportunity all day. My stop is 1264 just above us here. My target is the 1250's. UPDATE @ 3:16 TRADING THE 58'S NOW, I MAY TARGET THE CLOSE INSTEAD OF THE 56 AREA, I WILL STAND BY ON WATCH FOR ANY SIGNS, SELLING IS PICKING UP VOLUME, WE MAY CLOSE ON OUR LOWS~~THERE IS A BIG BLOCK OF BUYING VOLUME AT THE 1248-1251 AREA FROM THE 7/22 PROFILE, (A PERIOD) I WOULDNT BE SURPRISED IF THIS IS TESTED BEFORE THE CLOSE, THAT WOULD BE TO TEMPTING NOT TO UNLOAD MY SHORT DOWN THERE~~ The B period low from 7/22 profile is the 1253's, that is also very tempting to unload the 62.50 short. Trading the 55's now @ 3:25. At 3:30, I am moving my stop down to 1260. FINGER ON THE TRIGGER, TRAING THE 55'S, 54'S, ALMOST THE 53'S~~TRADINGTHE 53'S~~OUT @ 3:36 @ 1254, YES!!! GAIN 238 PTS. THAT IS ALL FOR ME. GOOD TRADING TO YOU.

TOTAL GAIN FOR THE DAY 772 PTS

7/25

TALKING OFF FOR THE DAY TO ENJOY THE LAST FEW DAYS OF SUCCESS! GOOD THERAPY YOU KNOW! GOOD TRADING TO YOU!

7/28

Short @ 1256.50 @ 9:39, my stop is 1260.50 above the J-K-L-M periods highs, one tick above the H period high from friday. I would expect a rotation down to test the lows from friday, that is my target. The low 50's. UPDATE @ 10:24, We ended up with an early entry compared tothe high @ 1260, so I wait,~~When the A period did not rotate down from the 4TPO high inthe J-M period from yesterday, there was a good chance to test the volume cluster in yesterdays A period from 1261-1262. We never got that high, but came within 2 ticks of my stop, and 3 ticks of that cluster, all is well now though, trading the 55's, my target is right below us, it looks like a small range balancing day, I would look to sell or buy highs and lows until something changes, the 51's or 52's is a good target to exit my short, and maybe reverse and buy the low 50's. This is a hard morning to trade, very slow, grinding market, still only got down to 53 breifly, trading the 54's now @ 10:46, waiting for the 51's-52's.OUT @ 1254.25 @ 10:48, I cant take it any more! The tick is making higher lows, and volume is dropping off, there is some passive buying in the 53.75-54 price line. This is right at yesterdays close also. GAIN 63 pts. I am taking a break from this boring market. Just got a signal at the top of the consolidation line from the last half hour, short @ 1255.50 @ 10:56, my stop is 1256.75, right above the recent line. We got a nice hit at the 2nd SD on the tick chart, with a lower high and and the 10min blue moving avg line is trending lower. All of these charts are archived in the chart book under the various catagories. The tick chart is under the Volume at Price book, along with the Delta Footprint chart,and the Volume at Price chart. My target is the 51-52 area. OUT @ 1252.50 @ 11:05, this is good enough for me, I may look for a long down here soon, gain 84 pts. Long @ 1253 @ 11:06, my stop is below us @ 1251, yesterdays I period low buying tail, we may take out the stops, so I may have to reenter~~My target is the other end of value in the 1257's. Damn, looks like i am about to get stopped out, we hit 51.25, didnt hit 51, but if we do, I would expect stop running to take us down by a point or two, waiting to get back in if I get stopped out. Stopped out, loss 56 pts. Long @ 1251 @ 11:17, my stop is 1247.50, near the low of 7/22, my target is the other end of value in the 1257-58 area. The tick is diverging in a good way, making higher lows, as price ran the stops in the 49's, this has been occuring over the last 15 minutes or so also. I have my stop and target set, I am taking my break now~~Damn, stopped out to the tick, loss 98 pts. Long @ 1247.75, lets try this one more time, my stop is 1244, below the G period low of 7/17, the XLF is making lower lows, and we are making lower lows in price, but I am hesitant to call this day a trending day yet, this E period needs to rotate up back to teh value area, if not, we may have a trend day, my target is the other end of value in the high 50's. I am moving my stop up a bit, to 1246.25. If we dont rally during the next 10 munites before teh close of E period, we could test the buying tail from 7/17 in the 41 area~~stopped out loss 42 pts. I am not correct thus far ont the long side, but I am not selling the low here. Long @ 1242.75 @ 12:57, we are testing the low of the volume cluster of 7/17, the D period buying tail, that sent us higher into the 1290 area days later. My stop is 1241 right below us. This day is starting to get me vexed. If this trade doesnt work, I am taking the afternoon off. I am not in the mood to sell every new low, and that is what you would have had to do today., this trade is probably wrong as we just sit down here, , Stopped out loss 49pts. man o man, right to the tick, this is hard to take! One more time, long @ 1242.50, my stop is 1240, my target is the 1250 area. UPDATE @ 1:32, THIS MARKET IS NOT RALLING FROM THE D PERIOD BUYING TAIL FORM 7/17, I AM REVERSING, SHORT @ 1242.50, breakeven minus 28 commissions. I AM SELLING THE LOW, LOOKING FOR THE 1228'S, THE NEXT VOLUME AREA ON THE 20 DAY PROFILE, My stop is 1244. The 44 stop may be a point to close, I am just not in the mood to risk any more, I probably should not be trading anymore, but considering we have had a good month i will take my loss agian, and look for a rally up near the 49's to short, stopped out, "Damn Damn" loss 42 pts. Dont even tell me that after I sell the low, 1244 is the highest we get on a retracement~~Short @ 1241.50 @ 2:13, This short I wonder about, I hate selling the lows, but we couldnt even get above 1244 where I got stopped out to the tick? My stop is just above that last one at 1245. The tick is weaking and the positive buying delta's in the volume anaylsis is not moving price higher, I think the small rally to the 1244 area was short covering or profit taking by daytraders. Lets see if we can break the 1240 area, then I think the 1228's are in sights, that is my target. The tick is making higher lows, OUT @ 1240 @ 2:31 Gain 42 PTS. Short agian @ 1244, the I period high @ 2:41, my stop is right above us @ 1246 near the E period low, that is right above a little block of volume from the G period., my target still the 1228's. UPDATE @3:10, WE ARE TESTING THE LOWS IN THE 38'S AGIAN, THERE IS SOME PASSIVE BUYING DOWN HERE BUT i AM NOT READY TO GIVE UP YET, THE TICK IS CONSOLIDATING BUT STILL WEAK. The XLF is still making lower lows. OUT @ 1241 @ 3:15, WE DIDNT GET THOUGH THE 38'S TOO MUCH PASSIVE BUYING, GAIN 84 PTS, i WOULD LIKE TO BE SHORT AROUND THE 1245'S AGIAN~ STANDING BY, WE SOLD OFF OF THE 1241 QUICKLY AT TEHE 2ND SD ABOVE THE MEAN, I WOULD LIKE TO GET A LITTLE HIGHER PRICE ON A NEW SHORT~ Short @ 1241.25 @ 3:21 stop is 1245, my target is somewhere below the current lows, can we make it to the 1228's? I would have like to got short between the 43-45's but the block of volume in the H period at the 1243 after the failure in the K period to hold above that proved to much it seems. It should be an interesting next 45 minutes. The XLF is stil near its lows. UPDATE @ 3:50 TRADING THE 33'S YES! I SALVAGED MY DAY!!! OUT @ 1234.50 @ 3:50 GAIN 189 PTS. THATS ALL FOR ME, GOOD TRADING TO YOU

TOTAL GAIN FOR THE DAY 175 PTS

7/29

Short @ 1240, @ 9:37, my stop is right above us @ 1245 near the k period HIGH FROM YESTERDAY. 1242.50 WAS THE HIGH PRICE LINE FROM THAT LOWER CLUSTER THAT FORMED IN THE AFTERNOON YESTERDAY BEFORE CLOSING ON THE LOW, THE NYSE TICK IS STILL ABOVE THE ZERO LINE THOUGH, THAT NEEDS TO CHANGE. My first area of interest is yesterdays closing range from 1233-1235. UPDATE @ 9:46, Not closing the gap is a bit concerning the Tick is starting to break down though, I am moving my stop down to 1243, just above yesterdays L period high. The tick is still strong,and we werent even able to close the gap, I may be in trouble on this one, Our stop at 43 is below where I would like it to be were we orginally had it, but my entry was early for a short, so~~Stopped out, loss 84 pts, Damn, not a good way to start the day, but when we couldnt close the gap, My inner voice said trouble, but I ignored it when we headed down to 38 the second time around 9:50 right before the rise, Queston is now the XLF is diverging and we are approaching the 43-45 area, near the K period high from yesterday. Also previous support in the 1248 area should be reisistance first time back. Short @ 1245 @ 10:03,my stop is 1249, just above yesterdays failed support. The tick is strong but the XLF is diverging~UPDATE @ 10:08, A slightly better consumer confidence number brought us within a tick of our stop, this sucks! 51 from 50.4 was good?? This market is looking for anything for an excuse to rally~~UPDATE @ 10:29, We have hit the 1248.75 price 4 times and didnt break though,I dont know what to think, we only got down to 1246 and here we sit, C period just opened up, I am kmore inclined to look for a balanceing day, but thus far the Tick is strong~~5 times we have hit the 1248.75 price~6 times we hit it now~Damn, theres the stop, loss 112 pts. Short @ 1249 @ 10:41, my stop is 1251 just above us, there is a bit of volume in the 50-51 area from the D period yesterday. That wasnt much of a push higher.Volume is deceasing up here also on the volume deltas. UPDATE @ 11:22, Unless you caught the morning move up, this consolidation sucks. I dont know whether to think that we broke the 48's since we havent sold off, or didnt break the 48's because we have been trading here for a while. I should have taken a few points (about 80 or so) at the 1246's when I had the chance, but I thought we could sell off of the 48's and test the lows in A period, we still may do that, but it seems until the afternoon, the market may be content to consolidate here at resistance, between the 46-50 range. How boring. Well, we let 80+ points get away from me on that one, loss 56 pts. Well, I guess you could say we broke above resistance. Oh well~The next target is the 55-58's. Hesitatingly long @ 1252.25 @ 11:47, my stop is 1247, my target is 1258. It is looking a little heavy up in the 52-53's, OUT @ 1252.50 @ 1236, gain 7 pts. The tick is making lower highs as price tried to break the 53's, Passive selling in the 53-53.50 area is preventing the market from going high. Long @ 1250.50 @ 12:47, my stop is 1247, same as the last trade, at least I have slightly better trde location. I am moving my stop up to 1249, the low of the last rally leg up to the 53's. OUT @ 1:01 @ 1252.25, the tick is at 1000, but price isnt moving, and passive selling is accumulating at the 52.50 line. gain 49 pts. Long @ 1251.25 @ 1:19, my stop is the same @ 1249, the tick is at the zero line and bouncing up. My target is still the 56-58's from yesterdays A-B period volume cluster. UPDATE @ 1:35, WE ARE TRADING THE 56'S, NOW THE QUESTION, DO WE GET SHORT COVERING SINCE YESTERDAYS DOWN DAY, THE OPEN INTEREST INCREASED BY 69,000 CONTRACTS? I WOULD SAY YES, IF WE GET ABOVE TEHE HIGH OF THAT VOLUME CLUSTER AT 1258, MAYBE ALL THE WAY TO THE 68'S OR THE 73'S? Those are the next two major volume clusters. I might be able to rescue another bad trading day by the end of the day! OUT @ 1:46 @1256.25, GAIN 140 PTS. THE TICK IS DIVERGING, MAKING LOWER HIGHS AS PRICE MAKES NEW HIGHS, LOOKING FOR A REENTRY. LONG @ 1255.25 @ 1:49, MY STOP IS BELOW US AT 1251.The tick stalled out at the zero line agian, every time it gets to the 2nd SD below the mean has been a good buying opportunity. It only got to -200 on the last bar when we got a lot of passive buying in the 55's. I am moving my stop up to 1254, since there is a lot of passive buying at the 55's., stopped out loss 35 pts. Long @ 1253 @ 2:14, my stop is 1249.50, my target is the close. OUT @ 1255 @ 2:31, A lot of passive selling up here in the 55's, gain 56 pts, Short @ 1254.25 @ 2:36, my stop is 1257 above the passive selling cluster. My target is the 1250 area where the last consolidation line was before we broke upward. We just hit the 2nd SD below the mean at 49.75, OUT @1251.50 @2:45 gain 77 pts . Long @ 1251.25@ 2:51, There is passive buying in the 51's right above support @ the G period low, my stop is 1249 below the recent low, my target is the close or the high in the 56's. UPDATE @ 3:16, TRADING THE 54'S NOW, WE ARE CONSOLIDATING HERE FOR A BIT, WE MAY NOT HAVE ANY MORE SHORT COVERING, BUT i THINK THUS FAR THAT HAS BEEN WHAT HAS HAPPENED. A NICE "P" FORMATION IN THE PROFILE. WE ARE BREAKING UPWARD WHILE I TYPE, TRADING THE 56'S~~Volume is picking up so I will stand by~~the 56's offer resistance, but the XLF is breaking upward making new highs. That is good. Trading the 58's YES! OUT @ 1258.50 @ 3:28 The tick is making lower highs up here in the highs in price. The B period high from yesterday is 1260 also. Gain 203 pts. That is all for me today, a hard day for me starting on the wrong side of the shortcovering/trend, I am glad I fought back though, Good trading to you. Boy, the XLF s still making higher highs, LONG @ 1259.75 @ 3:37, I usually dont like buying highs, but I think short covering could take us to the cluster in the 68's. My stop is 1257 right below the small consolidaton line belwo us. We need to get through the 63's~~We are above where the stops would be over yesterdays high @ 3:41~~There is a good block of volume in the 61-62 area from the 7/25 profile that needs to cover to send us up though, 15 minutes for that to happen, there is two sided trade up here at the high, that might be bad for getting to the 68's. 9 minutes to cash close, trading the 61's~5 MINUTES TO CASH CLOSE, TRADING THE 62'S, WE MIGHT JUST GET THE 68'S, The XLF is still leading the way~~ this is the price we need to get through, the 62's~~I am moving my stop to break even at 1259.75 @ 3:57. I think I am going to stay in if not stopped out during the last 15 minutes of Globex.Two sided tradie up here though in the 62-61.75 price line, OUT @ 1261.75 @ 3:59, there is to much two sided trade to get to the 68's, over 15000 at the 1262 line! 18,000 now!! almost 30000 contracts going off on the ask at teh 62's, (Passive selling) looks like the 62's are reengaging. Gain 56 pts. Good trading to you. Wow, as soon as i get out, we are trading the 63's!

TOTAL GAIN FOR THE DAY 301 PTS

7/30

Short @ 1269, @ 9:31, my stop is right above us @ 1273. There is a cluster of volume from the 7/24 profile from 1270-1275, 73 is in the middle, if I get stopped out, I will look to reenter higher if all is well. The tick opened rather neutral. Open interest only increased by about 12,000 on the big rally yesterday.Stopped out loss 112 pts. Short @ 1274 @ 9:37, my stop is 1276. Stopped out loss 56 pts. Short @ 1275.25 @ 10:12, My stop is 1277, the XLF is not making new highs, the tick is not incredably stong, my target is yesterdays close. This is rediculus, stopped out loss 49 pts, Short @ 1277.50 @ 10:15 my stop is 1280 above tehe volume cluster on 7/24 in the opening A period. OUT @ 1275.50 @ 10:46, GAIN 56 PTS. tHE TICK JUST HIT THE 2ND SD WITH A BIT OF BUYING VOLUME DELTAS SHOWED UP. wow FAST RALLY, SHORT @ 1279.50 @ 10:49 MYS TOP IS ABOVE US AT 1281. The tick is not moving higher with price and the XLF is not making higher high~~ There was a volume cluster in the A period from the 73's-74's and the price rallied over the B period high in a minute! We are trading the 74's and 73's agian now @ 10:53, lets see if that was just short covering a few minutes ago, or if we find support., I think it was short covering and think we will break through looking to close the gap. It seems the second time down is not eliciting the same response as teh first time down here a bit ago. The tick is making lower lows and lower highs now also. OUT @ 1274 @ 11:01 GAIN 154 PTS,THE TICK IS MAKING HIGHER LOWS, AS PRICE MAKES LOWER LOWS, ALSO THERE IS SOME PASSIVE BUYING IN THE 73 PRICE LINE.Short @ 1276.50 @ 11:12, my stop is 1279.50, there is a volume cluster i nthe B and C peirods from 76-79.50 that we look like we are hitting resistance. The XLF s still weaking and the tick is building below the zero line now. UPDATE @ 1:21, WE ARE TRADING THE 74-73'S AGIAN, LETS SEE IF THIS TIME WE CAN BREAK THROUGH~~OUT @ 1273.75, SAME BUYING ON THE 73 LINE, AND THE TICK MADE A NICE DOJI ON THE 5 MINUTES BAR, GAIN 77 PTS. Short @ 1276.25 @11:28, my stop is 1279 above the D period high, my target is still below the 73's the third time down may be the charm! The XLF is almost making new lows in price @ 11:35, trading the 73-74's agian. Still getting passive buying int he 73's, OUT @ 1274.25 @ 11:46 gain 56 pts, we will look to reenter up near the 76 area if all is well. The tick is still consolidating near the zero line the XLF is trying to rally a little bit~~That block in A period in the 73-75 area seems to be trying to support the price, there is two sided trade here though, so any short covering that was left from this morning is being absorbed, this is good for a break down. Short @ 1274.25, I just talked myself into keeping my postiion on in the consolidation! LOL, my stop is 1278 right above the D period high. UPDATE @ 12:40, WE ARE MOVING IN THE RIGHT DIRECTION, THE TICK IS BREAKIN BIG TIME, TRAING TEH 67'S~~MY TARGET IS THE CLOSING RANGE IN THE LOW 60'S. UPDATE @ 1:11, TRADING THE 64'S~OUT @ 1365 @ 1:12, GAIN 259 PTS. I will look for an reentry higher, the passive buying in the 64's has stopped us for a bit here, and the XLF is diverging over the last few minutes a bit, maybe we can retrace up to the 70 area? Short @ 1268.25 @ 1:17, my stop is 1372 at the most recent consolidation line. We also just hit the mean on the our deviation chart on the tick which has been a good selling point thus far. WE ARE NOW TRADING 32 CONTRACTS ACCORDING TO OUR MONEY MANAGEMENT PROTOCOL. YES!! UPDATE @ 1:48 Ater consolidating, it seems we are breaking agian, trading the 67's after testing the 70's, My intial target is the close from yesterday in the 62-63 area, although I think we could test the 1245 area also, soon. Standing by~~There is a divergence inthe XLF and the tick is making higher highs here, , that is concerning, i am tempted to get out here a wait a bit more for another retracement. OUT @ 1267 @ 2:02, GAIN 40 PTS. I wil look to reenter at a bit higher if I can~~Short @ 1266 @ 2:06, it doesnt look like we want to rally much, the tick chart just close a bar that i look for at the mean signaling a selloff, teh volume deltas are increasingly negative also, looking for lower lows, and I want to be aboard. My stop is above us at 1270 this is the last consolidation line, and near the H-I period highs. UPDATE @ 2:26, It looks like I am in trouble on this trade, the tick made higher lows when price retested the 65's, trading the 69's~~stopped out loss 128 pts. Short @ 1269.75 @ 2:30, The K period just opened up at the I-J period high, for only the second time have we hit the 2nd SD above the mean on the tick, the first time sent us to the lows, my stop is 1272.50 above the G period high. My target is the low or yesterdays close. Boy that was fast stopped out loss 72 pts. Damn that was quick! Short @ 1273 @ 2:35, my stop is 1274.50, close incase this is wrong, my target is the low. Almost all of the action today on the tick is below the zero line, some short covering it seems. Reversing at 1273 @ 2:59, I think they will run the range to the highs now, no more selling for now, my stop is 1270. Breakeven on that one. My target is 1279-1282., damn, so much for that idea, stopped out loss 96 pts, damn damn. Short @ 1271 @ 3:09, going back to my original plan,looking for a test of the lows, considering the rally up was agian nothing more that daytraders short covering. My stop is 1274. OUT @ 1271.50 @ 3:16 Loss of 16 pts. I am reversing, long @ 1271.50 @ 3:17 ,my stop is 1269. The tick is making higher highs, while price is making lower lows. Wow, finally, we are trading the 75's, we look like we are going to close at the other end of value near the 79, maybe the 82 area. This was a hard day to trade thus far, I am glad though that it looks like I am going to end positive. The close on 7/23 is 1282, that is my target. OUT @ 1280 @ 3:32, THERE SHOULD BE RESISTANCE JUST ABOVE US IN THE 82 AREA. GAIN 272 PTS. Thats all for me after a hard day, Good trading to you.

TOTAL GAIN FOR THE DAY 381 PTS

7/31

Short @ 1280, @ 9:58, my stop is right above us @ 1282. There is a volume cluster in A period in the 79- 81 area, that on the 5000 delta Foot print chart is passive selling right at the high. I got to the desk late today, and missed a nice opening trade, right at yesterdays area of the break upwards, taking out the Globex reaction to the numbers. OUT @ 1277.50 @ 10:11, the tick is formed a nice doji and selling volume is drying up, Gain 80 pts. Long @ 1277.50 @ 10:12, simply a reverse a minute later, based on the doji in the tick and selling volume drying up. my stop is right below us at 1276. OUT @ 1280.50 @ 10:19 right at the resistance cluster in the top of A period and onthe 5tick revrsal chart there is a bit or resistance at the 81-82 price line. Gain 96 pts. Short @ 1283 @ 10:29, My stop is 1285 just above us incase they run the stops, we are at yesterdays closing range.UPDATE @ 11:00, WE ARE TESTING THE HIGHS,MY STOP MAY BE TO CLOSE, TRADING THE 1284.75, IF I GET STOPPED OUT, I WILL REENTER SHORT. The tick is diverging, the 10 day profile is at its upper limits near the 86 area, and buying deltas are drying up.OUT @ 1279 @ 11:28, THERE IS PASSIVE BUYING INTHE 79 AREA, THERE IS ALSO A BLOCK OF VOLUME IN THE B PERIOD THAT SENT US UPWARD. GAIN 128 PTS. I will look for a reentry on a retracement or to buy at the days low or in the low 70's is all is well.Short @ 1278.75 @ 11:39, my stop is 1282 above the last leg down. This stop may be a bit close, as teh volume cluster in the C period that sent us lower is in the 82-83's, just in case though, i entered here so I dont miss the next leg toward teh other end of the range in the low 70's. If I get stopped out, if all is well, I will short at that cluster inthe 82 area. OUT @ 1276.25 @ 11:51, THERE IS PASSIVE BUYING HERE, AND THE TICK IS MAKING HIGHER HIGHS AS PRICE MAKES LOWER LOWS. The XLF is also diverging a bit. GAin 80 pts. I am taking a break, it has been a good morning session, even though i missed the opening trade. Short @ 1276.50 @ 12:04, my stop is 1279.75 above us and above the E period high, my target is the low 1270's. The tick is weak, and barely got up to 600 befor closing flat. OUT @ 1272.75 @ 12:26, GAIN 120 PTS . lONG @ 1272.50 @ 12:31, MY STOP IS BELOW US AT 1271, tHE XLF IS MOVING UPWARD AND THE TICK IS DIVERGING TO THE UPSIDE. MY TARGET IS THE OTHER END OF THE RANGE OR THE POC IN THE MID 80'S. UPDATE @ 1:21, WE ARE MOVING IN TEH RIGHT DIRECTION, WE ARE AT THE POC NOW, I THINK WE CAN MAKE IT TO THE VOLUME CLUSTER IN TEH 82-83 AREA, THAT IS MY TARGET. I AM MOVING MY STOP UP TO 1273. OUT @ 1:26 @ 1277.50, GAIN 160 PTS. tHE TICK HAS HIT THE 2ND SD ABOVE THE MEAN, AND MADE LOWER LOWS, WITH A NICE DOJI IN PRICE OVER THE LAST 5 MINUTES. WILL LOOK TO REENTER LOWER, MAYBE IN THE 75 AREA OR THE 74 AREA~~Long @ 1276.50 @ 1:40, i was hoping to get in lower, but there is no selling volume taking us lower, my stop is 1274, my target is the low 80's. UPDATE @ 2:01, WELL THIS IS WHERE I WOULD HAVE LIKED TO ENTER! NOW, IF I GET STOPPED OUT, I WILL TRY AND GET BACK IN AT A BETTER PRICE, MAYBE WE NEED TO TEST THE 72'S AGIAN BEFORE RUNNING THE RANGE?, I AM NOW TRADING 36 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS. YES!, MY PROGRAM THAT I CREATED ONLY GOES UP TO 40 CONTRACTS FOR THE VERSION THAT I USE. TIME TO PROGRAM ANOTHER 3000 OR SO CHARACTERS THIS WEEKEND. YES! UPDATE @ 2:41, JUST A COUPLE OF POINTS AWAY FROM MY TARGET AT 1282.50! OUT @ 1281.50 @ 2:43, CLOSE ENOUGH FOR ME! Gain 180 pts. Thats it for me today, GOOD TRADING TO YOU.

TOTAL GAIN FOR THE DAY 844 PTS