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2. Market Recap 09-03-10 Friday chart 2 Reasons for entry: This is another chart of the premarket showing the Head and Shoulder ( H&S) pattern taking place.

4. Market Recap 09-03-10 Friday chart 4 Reasons for exit: Another option is to let the last position ride, with boundary at place above the deep retrac. area, until 987 and 1597 slowdown more and get underneath the Bol.bands. Note that 610 RSI is oversold at the last covering.

8. Market Recap Tuesday 08-31-10 chart 2 Reasons for exit: After the long entry, we had a nice strong up move for 7 points, where 144 started to bulge on top and roll, 233 also had bulge on top; 377 after side separation was ready to cut across the Bol.band in need of a flag; 610 after being strong on rail, with small separation finished a pole that needs a flag. 610 Macds here were cutting from the side, meaning after this, we expect at least one more push up. Another possibility is that 610 as being strong on rail, after the flag will continue more up (as the side separation was not strong, but more like hugging the rail for another 100% extention. 987, 1597 and 4181 all had very strong and stretched Macds that during the strong push separated and needed retrace to come back to the rail.

11. Market recap Monday 08-30-10 chart 2 Reasons for exit: We close 2/3 position at the retesting of the 23% retracement area, holding the rest for the next higher deeper retracement. We notice that the market was just doing sideways, almost tired to move up, kept hitting the 23% multiple times, and bouncing within the cone pattern. After it broke below the up trendline, the bars will usually test the trendline from underneath (which trendline acts as resistance now). 144 Bol bands were moving sideways, not being able to ride the upper rail during the sideways action; 233 had great bulge and also hitting the upper Bol. band as resistance; 377 made great bulge on top of the upside down foot pattern; These timeframes finished their job, pushing the market up about 3 points, where larger timeframes started to bearflag; 610 finally finished the bear flag, after hugging the rail down earlier. Even though tried to create a foot, it never made it on the rail up; We close the rest of position as all the above described charts started to show Macds rolling down. 987 trying to bulge underneath, but the Bol. bands came very close together and became prolonged. The prolonged bands that look like a tight tube can continue for a while and continue the bear flag;