trade for 08/31/2001 Friday<$>
at the open: Stop 1127, buying bias, risk one point only, target
1140-1141; expected close 1133-37. [Result:
Morning low 1127.25, high 1144.50, close 1135]
trade for 08/30/2001 Thursday<!/$>
the opening is above 1150 and 1156 is broken, then a bounce
to 1165-6 testing is valid. This 1165 testing target is only
valid before 8:00~9:00AM PST. If this
1155.50 can not be broken within first hour and 1250 broken
again then, sell off will be triggered again. However
market will plunge back down from 1165 (even for bounce scenario)
to opening area afternoon. If this is the case, more selling
on Friday. For half (or one) day bounce scenario: Stop 1150,
scalp to 1165; then get ready to reverse to short again.
update in WarRoom: (1) Stop 1149.50, selling bias, target 1137.
(2) If market break 1150 from up side, then reverse to down
side again, stop 1154.75~1155, selling bias, target 1137....
[Result: Open 1147, Hi 1154.50, Low 1127, Close 1130]
trade for 08/29/2001 Wednesday<!/$>
report is due at 5:30 AM PST. Two Scenarios:
Including globex: Stop 1166.75 area, selling bias, target 1158.50,
(then 1137.50 if GDP is bad). If 1158 holds before 7:30 AM, then
ready to cover.
Bounce Scenario: 1176-77 pivot testing. If 1166.75 is violation
before the opening, wait until the opening.
Update after opening: Aggressive trade, stop 1168.75, risk 0.50
point, selling bias, target 1161.50-1160. <$>
trade for 08/28/2001 Tuesday<$>
range: 1172.50~1185.50. Mid-point 1179. If it opened gap down
at 1172~73 or 1176 is instact before 7:00 AM, ready to buy.
Globex 1182 is intact, try to scalp quick short. Aggressive:
1181.75 stop, risk 0.75, scalp short. Conservative: Side line.
If 1186 is intact for the rest of the day, morning sell off
update: If 1176 broken, exit all stocks. Stop 1182.50-1183.50,
selling bias, target 1172.50 Mid-day update: Stop 1173.50, selling
bias, target 1162.75
trade for 08/27/2001 Monday
1182-3, buying bias, next taget 1193. Wild
card: 1178 testing before another 1192-96 attempt. Morning update:
Trading range 1190~1180 or 1192~1182. [Result:
1192 achieved at Globex but opened at 1187.]
trade for 08/24/2001 Friday<$>
range: either 1162.50-1172.50 or 1164.50-1174.50.
Friday's close is above 1170, more rally on Monday (1185 target)
Globex, Stop 1164.50, buying bias, target 1172.50-1174.50;
can only risk 1 pt, if 1164.50 broken, side line for the time
being; wait and see if short is possible at the opening. [Result:
Day low 1164.75, day high 1189, close 1187.50]
trade for 08/23/2001 Thursday<!/$>
off and bounce scenario: If 1170.50 is intact at Globex and
morning opening is neutral or lower, then watch out for sell
off at the open and before 8:15 AM. Potential trade: Stop 1170,
selling bias, target testing Wednesday low1153-54 but 1162
need to be broken first. If the opening is not as expected,
new plan will be available in WarRoom. (Anyone who still have
1/2 long from Wednesday, better exit 2/2 with 1165 breakeven
Opening Update: Stop 1172, scalping short, target 1167> <11:01
Update: from now on to 7:30AM 1162 testing is still valid>
trade for 08/22/2001 Wedesday<!/$>
trade: Including Globex, stop 1160.50-1161, scalp short risking
1 point only (give a shot), take profit at 1151.50. Conservative
trade: stop 1162, risk 1 pt.
bounce scenario: If 1150 holds, 1170 will be tested after first
hour consolidation; this 1150 can not be violated by 1 tick,
otherwise... more sell off. If
1151.50 profit taking acheived at Globex and 1150.50 holds,
try to scalp buy side for 8-9 points. If The above plan did
not work out at Globex. More update in WarRoom at the opening.
AM WarRoom Update> Stop 1155.75-1156, buying bias, target
trade for 08/21/2001 Tuesday<$>
trend is down. This Bounce from Monday is not over. (10 hours
of bounce from Monday 7:00 AM) Stop 1171.50, buying bias, target
1187 (or 1192, 1196 if momentum is strong enough), take 2/2
profit if 1187 acheived at Globex. If it opened gap down below
1170, try to buy again efore FOMC announcement.
WarRoom Update> Stop 1180.50, selling bias, target 1171-72;
if 1166-67 broken, stop 1171-2, more selling for target 1158-59
testing. [Result: Morning low 1174.50,
high 1183.75, FOMC pull back 1175, bounced to 1179.50 one point
below our stop, then plunged to 1156 close.]
trade for 08/20/2001 Monday<!/$>
shorting and bounce scenario: Before 7:45 AM, try to stay short
side. Selling bias, Stop is at around 1166.50-1167.50, Selling
bias, target testing Friday's low; the see if bounce is feasible.
(If it opens gap down, this 1147.75 will probably be hit immediately.
For bearish scenario: If Friday's low is broken, next target
1147.75. If there is no sign of 1147.75 on Monday, watch out,
it might be hit after FOMC rate cut.
WarRoom update: Stop
1167.500, selling bias, target 1160 testing.
AM WarRoom update: Stop 1166.50--67.50,
buying bias, risk 1 point, target 1186-1192 within 8-10 hours
from 7:00 AM. [Result: 1167.50
stopped out, reversed to buy side at 1167.50. Day high 1177,
low 1163.50, pull back low 1166.50, close 1175.75]
trade for 08/17/2001 FridayX/$
buying bias. Stop 1178-80 (including Globex), buying bias, next
target 1197.75. Our aggressive trade: Try to buy 1/2 at Globex
with 2 pts risk for 1197-1198 target (possible gap up open).
If 1178 is vaiolated, side line for the time being and get ready
for another re-entry. If
it opened gap up or 1197-8 target achieved at Globex, try to
scalp short side (10 pts).
WarRoom update: Stop
1178.50, selling bias, target 1170-1168 testing. if 1168 violated,
stop 1172, target 1162-63.
AM WarRoom update: Stop 1162, risk
1 point on buy side, target 1165 then 1168 testing.
[Result: Globex stopped out 2 pts.
Reversed to short at opening with 1178.50 stop... short again
at 1170 with 1172 stop target 1163-4. After 11:30, 1163 buy
side stopped out breakeven. Day high 1178, low 1158.25, close
trade for 08/16/2001 Thursday$
DMD: Stop 1178.50, selling bias, target 1175 take 1/2 profit and
1270 take 1/2 profit. Post-opening update: Bottom will be 1168.25.
For Buy side, stop 1167.50-1166.50, target testing morning high
1178.50, if 1181.25 is violated then market is bullish. [Result:
morning high 1178.50, morning low 1168.25, reversed back up to
1178.5 and 1186, close 1184.]
trade for 08/15/2001 Wednesday$
pivot 1196.25. For
short side: Stop/pivot 1196.25,
selling bias (including Globex), target
1180-1179. If this 1196.25 is intact for the rest of
the day, last week's low 1170 will be tested on Thursday.
For buy side: If it opened gap down try to buy for 1195-96 testing
and reverse to scalp short within first hour; if 1196.25 is
broken, try to stay on buy side. <8:10
AM WarRoom update> 2nd trade, stop 1189.75, selling
bias, 1185 1/2 profit taking and final target 1180; then 1178-9
stop, scalp buy side for 1188-89t target. <11:00
AM WarRoom update> stop 1191, selling bias, target
Day high 1195.25, morning low 1180.25, mid-day bounce high 1190,
trade for 08/14/2001 Tuesday$
1189-90, buying bias (including Globex), next target 1202-1205...
Even stop is violated, just wait for another chance to buy.
it is a opening gap up... watch out for a little short scalping.
AM update] stop 1201.75, scalp short side with 1 pt risk, target
1194-93. [Mid-day update] Stop 1197.50-1198, short side, target
Day high 1192.50, day low 1187.50, close 1192]
trade for 08/13/2001 Monday$
1188, buying bias (including Globex), next target 1202-1205.
trade for 08/10/2001 Friday
report due on 5:30 AM PST
buying bias for another 3 hours after the opening (10 hours from
8:00 AM yesterday), target either 1198 or 1202.
for another buy will be available after the report; but for aggressive
traders, try to buy with 1184.25 stop (including Globex).
trade for 08/09/2001 Thursday$
pivots for Thurssday: 1192, 1182, 1174-74. Stop 1191-2, selling
bias for 1182 target, if 1182 broken, target 1174. Mid-day update:
Stop 1178.75, buying bias, target 1187-88 testing.
trade for 08/08/2001 Wednesday$
Globex, stop 1202, scalp buy side, target 1210-12 testing. Can
only risk 1 point. If opening is gap up, watch out for reversal
pivots for Wednesday: 1212.25, 1202, 1192. From Globex to
7:30 AM, trading range should be 1212-1202.
this 1212.25 is intact for 1-2 hour, market will be testing 1202;
if 1202 broken, target 1192.50.
Mid-day update: stop 1207.75 selling bias, target 1199 morning
low testing; if broken, target 1192. [Result:
1212.25 was intact, market started to reversed. at 1204 we gave
1207.75 stop, selling bias for 1192 target. Day high 1211.50,
day low 1183.50]
trade for 08/07/2001 Tuesday$
1207.75, scalp short side (for globex too), target ...testing
Monday low 1200. As we said before close, at Globex, ... short
side can only risk 0.75-1.0 point (for aggressive traders only).
update: Stop 1207.75, selling bias, target 1200; then reverse,
stop 1198.75, buying bias, target 1205-1207.75. [Result:
Globex high 1207.50, low 1199, open 1204 and plunged to 1199
and bounced to 1207.75 and 1212.50]
trade for 08/06/2001 Monday
range for Monday-Wednesday: 1207~1227.
1217 is an intra-day pivot/stop is also the mid-point of 1207-1227
trading range... market can go 10 points either side. For buy
side... can only risk 1 point.
see how it is going to open.
Tuesday, there will be one last chance for sp to bounce above
1214. (FAILED) IF failed, then trend from July 25 would be ruined.
trade for 08/03/2001 Friday$
trade for 08/02/2001 Thursday$
1214-17 testing is still valid beofore 7:30.
it opens gap down, try to buy for 10 points scalping. (Stop will
be available at around opening.)
it opens gap up, try to scalp short. (For aggressive traders only;
stop will be available at around opening.) Since unemployment
report is due on Friday, Thursday's trading range should be 10-14
points. Opening update: Stop 1234, selling bais for scalping,
target 1224-23. Expected close 1222-24. [Result:
Globex high 1234.50, gap up opened at 1231, morning low 1222,
afternoon low 1219, closed 1226.]
trade for 08/01/2001 Wednesday$
1210, sp will try to test 1220-22 again before 9:00 AM; if there
is no sign of testing, better watch out, down trend will resume.
For buy side, including Globex: stop 1210, buying bias, target1220-22,
if 1222 broken, target 1230. If 1210 is violated, wait side
line for a minute.
AM update] Stop 1214.75 stop, buying bias, targt 1230; 1/2 profit
taking at 1218.50-1219.50; if 1222 violated, keep for target
AM update] Stop 1226, scalp short side, target 1222, if 1222
broken, target 1217-16 testing. Expected close 1220. [Reslut:
It opened at 1219.50, down to 1215.75, then rallied to 1227...
afternoon reversed to 1216.50... closed 1221]
trade for 07/31/2001 Tuesday$
there is no gap down open, try to trade buy side with 1205 stop,
target 1225 before Wednesday noon. (Since market is so mixed
on Monday, a little spike to 1201 is possible) [Result:
Day low 1209, Market rallied to 1227.50]
trade for 07/30/2001 Monday$
after the opening: Stop 1211, selling bias, target 1202. [Result:
Bounced to 1210.25 from 1208 and plunged to 1204. Stop 1211
trade for 07/27/2001 Friday $
update: short side scalping first hour: stop yesterday's high,
scalp selling bias, 1/2 target 1205, 2/2 target 1201. Then stop
1198-1200 stop, buying bias, 1/2 target 1208, 2/2 target 1219
(or 1200 breakeven stop)