4-26-13

Today, multiple charts were used to determine entries and exits.  The assumption:  markets will have similar patterns since investors will enter/exit all positions at approximately the same time, and these investors have interest in each market.

Buys at the open with exits when the markets stalled.  NQ was the leader in the sell off.

[10:04] <CM> b7 long exits
[10:05] <CM> nq tanking  likely draw others down
[10:14] <CM> ES & TF new lows  part short exits  stops b6  b3 lows respectively  NQ b8 stops  exit all ym

New longs with EMA targets were suggested around  B11

[12:31] <CM> toss a coin   14655-2831-1577-932 upper targets  albeit the longer we trend s/w  the bears will sense bull defeat and push mkts lower

Price was consolidating in a narrow range, with a bull bias.  The long targets were hit.

EMA support for late afternoon longs.  Over all, a nice day.