the new pollution: roadmap for fri., 9-29-11.

today i’m locked to my swivel chair with a head full of morning red bars embossed with black afternoon bars; computer radiation serpentines around my eyes’ red blood vessels like microscopic hairy caterpillars while my dumb phone flickers green neon and flips onto and off my notes. this is the new pollution my friends: constant daily doses of mini-radiation.

from intra-day report earlier:
inceasing longs in roadmap acct. by 15% at spx 1143, 3:08 pm, to a 45% allocation. stop remains 1129 spx.

$TNA s.t. system went short at 35.48 earlier today and is close to being stopped out.
$DRN is still flat, buy stop is 45.88 and sell short stop is 36.37.

shakin all over

road-map longs have been judiciously reduced since sept. 15 with profits and i am now short.

i briefly owned some spy calls today when spx was at 1192 and stopped when spx was at 1186, my booboo but the risk/reward was very favorable per elliott wave setups .

all longs from the road-map account were closed out with nice profits
and we are short via long spy sept. 120 puts also with profits.

tna system is short with profits.
drn swing system is also short with profits.

was 40% long now short.

from last night’s roadmap:
“stop is still at set hrly. bar close below 1188.
i’ll be buying the spy 093011P120, that’s the sept. 120 puts which expire sept. 30 if the spx hourly bar closes below 1188; a 1% account allocation.
sentiment, internals and momentum indicators remain bullish so i’m not very bearish.
tna short-term system went flat at 43.47 and later went short at 43.73. drn system is still short from 51.49 with a stop and reverse at 54.36.”

i’m waiting for pullbacks to add shorts and to re-evaluate the wave count.

roadmap for tues. 9-20-11

still expect 1230-1240 in spx and down to sideways action in nasdaq.  a red alert will set off  if we don’t attain 1230 spx by thursday of this week or if  spx hrly. bar closes below 1280 1188.   elliott counts remain unchanged.

tna short-term system remains long from 42.08.   drn swing system is now short from 51.49 with a stop and reverse to long at 54.80 for tues.  only.

roadmap account is still 40% long mostly spy.

roadmap for mon. 9-19-11 part 2

drn swing system is currently long, stop and reverse to short at 51.49. this system continues to be whip sawed but will lock onto a trend once it reveals itself.

the tna short-term system is still long from 42.08 and very close to being stopped out hopefully with a profit.

i’m currently 40% long (see spx chart from friday for points where longs were added and sold) and getting smaller quickly. i still expect new yearly highs in spx by dec. of this year but upward momentum indicators are deteriorating quickly. it is very necessary to protect profits at this point at the risk of not earning higher profits from longs.

if momentum to the downside reveals itself i’ll be looking to enter shorts on strength (rallies to the upside) per wave count.

protective stop on spy holdings is set at on an hourly bar closing below 1188 spx.

road map for friday 9-16-11, a chart and a song

NOTE THAT LONGS HAVE BEEN REDUCED TO 50% FROM 86% AND PROTECTIVE STOP HAS BEEN RAISED.

$TNA short-term system is still long from today from 42.08.
$DRN swing system stop and reverse to long is 53.44 for thursday only.

raising road map stop to 1162 $SPX.

trading tip for today: profit is not necessarily the result of the trading methodology you use , e.g. elliott wave, but more so a result of the money management.

1:30 a.m. est.

roadmap for tues. 9-13-11

maintaining an 1135 hourly $SPX stop on long spy, added 5% longs
at open today at $SPX 1143 – now 86% long. $SPX hourly bar must closed below 1135 to be stopped out. keeping an eye on the buy stops for stocks selected last week and posted here.

$DRN stop and reverse to long for tues. only is 53.96.

drn daily swing system signals

went short on fri. 9-09-11 at 49.82.

stop and reverse to long signal for monday only is 53.97.

drn swing system signal for friday 9-09-11

long from 54.48 on 9-07-11 (take 1/2 profit at 60.65), stop and reverse for

friday  9-09-11 is 49.82.

$DRN swing system signals

reversed to long today at 54.48, take 1/2 profits at 60.65

stop and reverse for thursday, 9-08-11 is 49.52.

daily swing system signals for monday

still long $DRN, stop and reverse is 45.87 for tuesday only.