SPX swing trade diary

austinjoe

11/02/2012 -- today SPX gap up make a 1F盘整背驰 to end the 1F 级别 rise from Oct 31 low SPX 1406. Since from Oct 26th low 1403 there are 3 1F 级别走势, which could fulfill the minimum requirement of a 5F 级别走势, I take today's high as start of a new 5F级别走势 down run. Enter SPX short 1425, stop 1435, target 1395.

austinjoe

11/05/2012 To avoid the big uncertainty due to tomorrow's election. I covered SPX short before close 1419. Wait election result clear out to act.

austinjoe

11/08/2012,  Wait another 5F sell entry -- as stated yesterday on my daily Using 缠论 reading current market -- post#116

"11/07/2012 close, bear made a milestone victory by breaking down 1396 the previous 30F中枢 bottom edge. 2 important hints here: the top fracture on Monthly is formed, the down BI on weekly is sealed. Mid term top is confirmed by today's SPX 1388.

SPX finished 4 1F线段, the 5th 1F线段 down run is not completed yet. Watch how would SPX escape the new 1F 中枢 [1396.74, 1402.14] formed today. Today's high spx 1403 before close could be 5F 3rd sell point, to be confirmed tomorrow."

If SPX break down 1388 first (option not required) and the following bounce up could not reach 1396.5, will re-enter short.

austinjoe

Too bad, I missed today 1F 3rd sell 1392 due to meeting. Watch on side line now -- waiting for potential buy point.

austinjoe

Re-enter spx short @1365 on 5F 3rd sell  -- refer to my post#174 for 11/14/2012 close.