Limits

Dear Readers, For Q's watch 51.08 - 51.15 Red Hot Top Area. Intraday limits coming up, 48.80 - 48.70 is the Downside Possibility,( we put this here) not to discriminate the Bears(: : )

N QQQQ 49.57 ( 49.40) - 50.35
49.40 has a good chance holding,
Yen Rerace over?
N QID
N SPX

10:10 ET, Q's smelled the 49.40 and got repelled? And YEN off the retrace? Too bad John is not around to capitalise on this 25c in 10 min.
10:17 ET, 31 c And counting, this would have been enough for one day profit.

Ok let this be a public lesson. We/I would not have traded any trade but the limit at 59.40, cause the first limit did not give market any hesitation/support. After that as market moved about 31c up I would have immediately terminated at least 1/2 of my positions, pocketing the gains. Then the rest would have been at break even or couple cents below it, cause we have the profits. That would survive the second assault on the 49.40, but may not survive the next assault coming. That is how to work the markets. 10:35 ET. Having all that said, today watching YEN and believing it should/has turned up for a day or two could allow some leniency in stop placement and thinking the position as , perhaps , a day position instead of intraday position.

10:44 ET, 12 ET and 16 ET today are pivotal times and we would like to see that YEN and Stocks Market make the UPstanding(WHITE) candles on 4 and 8 hour charts. Longer the think part the better.

12:21 ET, Somebody who thought day were daytrading must take profits now on 3/5ths or all positions. ( right now)

13:44 ET, Stock Market maybe a safe place if you are still long as YEN stopped going up after another retrace to 110.60

14:10 ET, as soon as we stated above market went into dive? Well, I still think Stocks may do well, but I certainly would not want to risk the profits gained today.