Henry Ford's MarketWatch LIVE!

2:29 PM
TRADERS BACK FROM LUNCH
Could be a double bottom for the DOW...cycles are right. If support breaks then 8715 still a possiblility

:: Henry Ford ::

1:04 PM
1PM NDX CHART

First long green candle in a very long time. Too early to tell, but I do expect the Techs and Comp to turn first. MACD has not turned up yet.

:: Henry Ford ::

12:57 PM
NDX & QQQ BOTTOM?

If the NDX and QQQ proxy can hold current levels for 5 more minutes it will be first time in 2 days with positive RSI bounce. Will post chart after top of the hour
:: Henry Ford ::

12:30 PM
TOOK OUT STOPS---NOW WHAT?

All Indices took out stops. All RSI's are at bottoming levels, but with the mood of the market we still risk another decline in the short term to 8715 DOW. Getting a small bounce here, but may be short lived unless we can make a substantial run above last hour's highs.
We are in a crucial period where long and short cycles are all bottoming, (Hourly, Daily, Monthly and Multi-year), all superimposed on this week, so in the short term anything can happen, but this should be the end of it.
:: Henry Ford ::

10:39 AM
Looks to me like they are going to try to take out stops on SPU2
:: Henry Ford ::

10:33 AM
12Hour RSI's NOT BOTTOMED YET

While price did not hold levels we would like to see, DOW and SP are holding recent lows. QQQ are at lowest RSI I believe I have ever seen.
When we finally do get a turn on RSI's effect is liable to be quick and violent to upside.
12 HOUR RSI's
SPU2=13
DOW=19
QQQ=2.23
:: Henry Ford ::

10:02 AM
So far...just fooling around...no real break either way. Coming into a period where we would look for change
:: Henry Ford ::

9:46 AM
HERE IS THE 9:40 SNAPSHOT. Leaders are from the OPEN, NOT from last night's close

:: Henry Ford ::

9:29 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 ::

9:21 AM
FLAT OPENING
So far looks like a relatively flat open as we wait for hourly and 12Hour indicators to bottom so we see if they can get some kind of a rally going here.
SPFutures down .90
NASDAQ down about 7.5
DOW Futures down about 25

:: Henry Ford ::

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