Limits

Looks like the markets are starting on a better footing than I thought watching the YEN market this morning. PPI number changed all of that. So, we will open higher than yersterdays closings, but I still think that due to my YEN outlook we will end up lower than where we started the day. Let us watch carefully.

09:35 ET, with a 62% retrace of JPY hit at 111.75, looks like YEN is done declining and Stocks make the high on the open?
9:40 ET, 51.45 could be it for Q's ( 10c stop)
9:41 Dropping very rapidly, with 51.25 stop it is breakeven for me

N QQQQ 50.57 ( 49.11) - 51.57(53.14)
N QID 38.11(36.52) - 39.58(42.12)
N SPX 1488(1478) - 1492(1501)

9:58 ET, STops down to 51.20

10:11 ET, Stops down to 51.20, not in the mood tolerating any rally here, as is , i/we missed the early open due to operations

10:35 ET, Stops down to 51.18 ( protecting the ABCDE correction)

10:39 ET, With this last drop, stops drop to 51.12 ( ABCDE no more relevant)

10:45 ET, Stops down 51.04

11:08 ET, Bearly survived at 51.04 stops down to 51.00

11:13 ET, collection 1/2 profits around the first low limit 50.57

11:14 ET, Stops on the 1/2 at 50.85

11:18 ET, got 50.59 on the 50.57

11:27 ET, Stops down to 50.82 on 1/2

11:48 ET, OUT with an average of 55c gain

13:27 ET, IF 51.15 is not taken out here, we could be heading lower again

13:42 ET, it hovered around 51.08 for 15 minutes, Yes we may look at it as it was a good opportunity to short with less than 8c risk!

15:13 ET, Well, remember rule number 2 of trading. Never worry about the profits you "could/should have made", there is another bus all the time.

15:42 ET, In a classic , deceptive YEN move 15 Min before market close they shot the YEN upwords!... Manipulation or knowledge... For me it is the later

And the stock market was predicting all of that right afer our 13:27 note of ours!

15:52 ET, Yes I know putting 49.11 in my limits looked crazy, but we just broke into the 49 level...