Still short and holding, breath and all. We can see some real ugliness on the short side here.

Failure to launch.

Nice setups but missed everything again. Day's high was 62% retrace from all time high to yesterday's low and a 3 and 5 min engulfing bar close to boot. Lows were made at the 12.7 inside day lows with a 5 min engulf bar as well for a buy.

Going to throw a hail Mary up tonight shorthing 1098, stop over the highs and looking for 1020.

Bad day!

2 fat fingers and an attempt to short into the lows put me down $140. A couple more failed trades and down $235 for the day.

The chart is of trades I should of taken. I saw them develop and just ignored or missed the entry. That is more frustrating than seeing it play out in hindsight.

Signals!

Much better day. Again 3 and 5 min engulfing bars were the trades to take for me. 15 min chart had some additional cues today as well. The day in the 5 min chart for me.

Inside day breakdown on the daily. Yet to be seen if this is the norm 2-3 day reaction to Friday's numbers or start of a new down trend. I think we see the 900s again this year.

I don't like Mondays...

Like the Boomtown Rats sang, I don't like Monday's, tentative and hesitive. Story in charts.

http://www.youtube.com/watch?v=D0qNGYxUwmU

Good day!

Posting charts, most obvious signals in awhile.

Back to trading. Shorted at 9:51 am est 3 min bar close and got 5 points. Was looking for shorts the rest of the day and could not catch the downside breakout till late for another couple of points. Read it right, traded it wrong wrong from position and exit standpoint. Looks like we can sink much further from here. Bad numbers tomorrow and 1000 is the target.