Henry Ford's MarketWatch LIVE!

3:46 PM
WE GOT THE TURN!
Now we need to see if we can keep the bears from selling into the rally as they have so successfully done these last two weeks. The key will be whether we can get the SP500 over the 50% retracement level of the last selloff. If we can take out yesterday's highs we should be on our way to a payday for the "Big Boyz" and us by expirations next week.
:: Henry Ford ::

1:47 PM
ALERT!! - POSSIBLE MARKET TURN
We are looking at 1:50 EST as probable time frame for market turn.
Could be time to get long from this long, long decline which the big boys have been setting up for option's expiration next Friday. All indications are that they jave been accumulating throughout the last two weeks in anticipation of this move.....we'll see.
Hourly RSI models look great here for a cycle low to take hold.
:: Henry Ford ::

11:08 AM
KEY TIMES DURING THE MARKET DAY FOR TRADERS
As you will see, there are key times that we look for during the trading day as being pivotal. Most days, the action centers around those times. Other times of the day are more suitable for a trip to the gas station or lawn bowling;
Here are the pivot times we look at for signs of life:
(All times are EST)
9:30-9:50...Approx first 20 minutes of trading day. Time when beginning traders lose money on whipsaws and experienced ones capture quick profits. Avoid if you are the former.
9:50-10:10..Oftimes a period of reversal for early morning trades. Market begins to settle into reality as early morning traders take their profits and swing traders look for opportunities.
10:10 to 10:25...usually a continuation of whatever trend was set up in last period.
10:25-10:35 ...A decision point for traders. Many times a turning point reversal or accelerated continuation of previous setup.
11:15-2:00...go bowling...this is the "dangerous time of day" . Traders lunch out and scalpers try to push the indices around to make a quarter here or there.
2:00-2:30...market usually begins to pick up steam:
2:30-3:00...called the 3:00 bubble, even on weak days can show strength into the next pivot point
3:05..if last period was just a bubble, will begin to break here, Otherwise can be a good pivot point.
3:25-3:35...for trending days, this is the time when trends tend to play out
3:40-3:45...can see reversals or acceleration into the close. Reason is that all floor traders have their MOC orders in and everyone has a pretty good idea where the closing range will be
:: Henry Ford ::

10:16 AM
FIRST TARGET THIS MORNING
Our target for at least a short term reversal off of the the morning lows was 1017 on the SP500 futures. You will notice that we tend to key on the SP since we believe this index is the driver for the broad market. The Nasdaq tends to diverge more, although it obviously is linked because of common holdings.
:: Henry Ford ::

10:12 AM
GOOD MORNING
This is the first morning of operation for this new service, only available to Pitbull Investor Rountable members.We hope that we can provide some insight into intra-day and short term trends for the markets and specifically identify short term trades as we see them.

There will not be regular updates, but instead comments when we see something shaping up for a change or
targets of opportunity.
:: Henry Ford ::

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