trade for 09/28/2001 Friday <$>
1000 held 3 days in a row, market turned up again with strong
up side bias. 1039-1045 reinstated and is valid before end of
next Monday. Friday-Sunday, buy
dips!! We might not see 1000 or 1010 again in next week. No matter
what, 1000 can not be violated by 1 tick from now on. GDP
report will be released at 5:30 AM PST. A weaker than expected
GDP may trigger a profit taking sell off to target 1017, 1013.
If Globex high remained intact after mid-night, it would act as
stop for short side scalping. [Result: Market
opened gap up and spiked up to 1045 and closed at 1045.]
trade for 09/27/2001 Thursday <$>
1015.25-1016, scalp short side (selling bias), 1/2 target 1010-12.
(risk 1 pt only). If
open gap down, reversal back up is likely before 9:00AM. If
1017 broken, more up side.
Update: Next reversal time is 10:50, stop 1000-1000.50 for buy
side, target 1010 testing, if broken, it will test 1015 day
high and 1020-1025 before tomorrow first hour. [Result:
opened 1013, morning high 1015, low 1000, reversed back up from
10:42 AM, afternoon high 1023, closed 1022.50]
trade for 09/26/2001 Wednesday <$>
1010, buying bias (including Globex), risk 1~1.5 points.target
1039-1045, but yesterday's hi 1021.50 needs to be taken out
before 7:30 first.
Back for testing 1009, 1000 scenario:
yesterday's high 1021.50 is intact for more than 1 hour, it
should test 1009-7, then 1002 before more bounce. If you had
shorted 1/2 5 mins before the close (in stocks room), take profit
Update: Stop 1025, selling bias, 1/2 profit taking
at 1021-2, 2/2 profit taking at 1015-7 or use trailing stop,
1012 violation indicates 1007, 1003 testing. Expected close
1010~1011.50. [Result: Opened 1024, high
1024.25, low 1004.50, closed 1014]
trade for 09/25/2001 Tuesday !
opened gap up without testing 966. No regret. Let's move on!
scenario: 1000 support now for more up side move. Stop 1000-1001.
Scenario: This 1000 testing is valid before 7:00AM. Stop 1013.50-1014,
scalping short side, target1001-2. If 1000 broken, target 990.
If 1013.50 is intact for 1.5 - 2 hours after the day session opening.
AM> sp just broke 1000, it is bearish now and it will fill
Monday's gap 972. Stop 1007.75-1008 now, target 970-972. [Result:
Market tested 1000 and broken at Globex but bounced; 1000 tested
again day session, intact and closed at 1018.50]
trade for 09/24/2001 Monday
will try to test 981which could be a little swing top for swing
982.75 stop for short scalping (risking 1 point), target 966,
962 testing before 7:30. Then
get ready to reverse to buy side scalping for 993-5 target.
1000 will be broken either Wednesday or Thursday.
8:30 Update: 1000-1 stop scalp buy side for 1013 target. after
target 1013 then stop 1014 for scalping target 1005-6 close.
[Result: market broke 982.75 at globex
and globex high 1005, opened gap up at 994-5, low 993, high
1012.50, closed 1007.]
trade for 09/21/2001 Friday <$>
4:00PM update: Globex trading range 981-991
992, selling bias, target 972, 950 ..most likely gap down open
again. (Keep in mind, this shorting is much riskier than last
night's globex short.)
992-991 is violated market will swing up to 1011 again.
[Result: Globex high 991.50 (our stop 992), market plunged
to 943-947 (our target mentioned before Thursday close.]
Trade: Cover the short and buy some stocks and let it bounce
to fill the gap, then stop 992-1 again selling bias at 990,
target 967; expected close 967-973. [Result:
Market bounced to 990.50, we took profit on stocks and we
shorted again at 990. covered 1/2 at 985 and covered 2/2 at
970; closed at 973]
trade for 09/20/2001 Thursday <$>
Wednesday's high is instact at Globex, market will test 1009,
said before Wednesday close: At Globex use
1023 as stop risk 1-2 points for shorting; market could
open gap down. If you shorted from 1020-22 area, take 1/2 profit
at 1012-1009 at Globex and 2/2 stop at 1017.50
it should open below 1210. If it did open below or at 1210 then
cover short and ready to short again with 1017.50 stop for 1007
target and 1200 testing again. Afternoon Update: Stop 1007 pivot,
if broken down short again for 988 target. [Result:
Globex high 1022, opened at 1000.50, day session high 1009, spike
low 977.50, closed 984.50]
trade for 09/19/2001 Wednesday <$>
are expecting a bearish week.
Tuesday's high is intact at mid-day, market will be bearish again.
this 1040 holds into opening, yesterday's high will be tested.
1040 is broken after midnight, it will test yesterday's low.
of 00:28 AM sp is at 1044.50, shorting is tempting, but 1050 testing
is valid. Aggressive trade: Can only risk 0.50-1 pt trying 1047.25
stop; otherwise (conservertive traders) wait for opening. Next
target for Dow Jones 8550-8500 is still valid. Opening update:
Stop 1043.75, selling bias, target 1019; if 1017 broken, target
1000.50 before tomorrow noon. [Result: Opened
at 1040, bounced to 1043.50 (our stop 1043.75), then plunged all
the way down to 1019....]
trade for 09/18/2001 Tuesday <$>
situation still makes market uncertain.
side: Pay attention to pivot/stop 1049 (sp01z) for 15-20 pts scalping.
Aggressive trade: Including Globex, stop 1049, selling bias, risk
side: If this 1049 is violated, try to buy pull back for unfinished
bunce. [Result: Globex high 1049.50, low
1032.50, 17 points range achieved; day session high 1052.50, low
1032.50, closed 1039]
trade for 09/17/2001 Monday <$>
out for 5%
limit down (60 points to SP01Z 1041~1045) within 30 minutes
after the opening.
#1: Open gap down and plunge to 104x.
#2: Open gap down and bounce 20 pts then plunge.
#3: Open flat (or open gap up) and bounce 20 pts first hour and
followed by a plunge of 60-80 points. For all scenarios, watch
out for mid-day reversal up. Wildcard:
SP to plunge 100 points before end of Wednesday. Surprise rate
cut also could happen before end of Wednesday if there is one.
[Result: Market opened gap down
at limit down 60 points area.]
trade for 09/14/2001 Friday
Market To Reopen Monday Morning.)
trade for 09/13/2001 Thursday
market remained closed.)
trade for 09/12/2001 Wednesday
market remained closed.)
trade for 09/11/2001 Tuesday (NewYork World Trade Centers
were attacked by hijacked airplanes.)
commented before Monday close: Trading range before the opening
is 1087-1097, buy low sell high. Stop
1086.50-87.50, buying bias, target 1100-2 before 8:00AM and 1117-8
if 1102 is broken before close. If
market is too far away from buy side stop, stay side line for
globex. Don't buy at high. If
it opened gap down above buy side stop, try to scalp buy side.
This 1090 target testing at globex is valid for scalping, but
there are 2 stop levels-- either 1099.75 or 1104--your judgement
before the opening. Aggressive trade: Can try 1099.75 stop risking
1 point only at Globex.
1086 broken, this 1070-3 testing will be valid. [Result:
Globex high 1103, Low 1068. Day session was closed due to WTC
trade for 09/10/2001 Monday<$>
potential black Monday (for 1070-75 testeing the first hour after
the opening)..., but 1100~1110 testing is valid in this week and
monday is the possible reversal (up) day. Aggressive
Trade: including globex 1089.75, scalp short, target 1177.
trade for 09/07/2001 Friday<$>
range for globex and day session: 1110~1094. Sell high, buy low.
DONT TRY TO GET EMOTIONAL SELLING LOW AND BUYING HIGH.
trade: Including Globex, Stop 1110-1110.50,
selling bias, scalp short side, for target 1094 which could
be hit at before 7:30AM. (1/2
profit taking area 1103) After
target gets hit, cover the short and get ready to reverse to
buy side for 1111 testing.
Stop 1109.25~1108.75, short again, target 1095; if 1194 broken,
targer 1088 testing and 1085. [Globex
high 1109, Globex low 1088.50, Opened 1095, bounced to 1108.50,
reversed back down and closed 1083.50]
trade for 09/06/2001 Thursday<$>
report is due one Friday. We don't expect any significant move
the day before. Trading range before 7:00 AM (including Globex)
1130-1140; before 7:30 AM, 1130 - 1143. If this 1143 is intact
2 hours after the opening. it will pull back for 1125-30 testing.
Aggressive trade: At globex 1140 stop, scalp short side, for
1132-30 target testing. Can only risk 1 point. Opening
Update: Stop 1120, scalp buy sdie, target
1128; after 1128, stop 1129.25, reverse to short side scalp, for
target 1117 target testing. Afternoon Update:
Many people thought it would repeat yesterday's late day spike
up; we don't think so, we think market will run stops down side;
expected close 1109-1110.
[Globex high 1137, Globex low 1123, Opened 1123, plunged to 1120.50,
bounced to 1128 after opening, reversed back down to 1117, 1115,
1106.75, closed 1103.50]
trade for 09/05/2001 Wednesday<$>
hour before 8:00 AM, 1136~1126.
high, buy low.
short side scalping: stop 1137.25, target 1127.
this 1126 holds for 1-2 hours after the opening, it will test
1140-41. If not, it will plunge to 1117. [Globex
high 1136, Globex low 1127, Open 1131, plunged to 1115, bounced
to 1138, closed 1133]
trade for 09/04/2001 Tuesday<$>
the opening is above 1135, good sign.
gap up opening may be followed by a only little sell off, BUT,
don't try to short.
1130-32, buying bias, target 1145, 1155, wild card target 1158.
this 1130-32 is violated, don't worry, side line for a minute
and wait for another buy chance shortly.
[Open 1136, plunged to 1130.50, rallid to 1159, after 11:00 plunged
to 1130.50 close.]
trade for 08/31/2001 Friday<$>
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]