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(1) The following attempt trade posting at least 10 hours delayed. (2) Most of the following comments were posted in Pro-WarRoom. (3) Our attempt trades for tomorrow are available to subscribers only. (4) The record should NOT be construed as offering investment advice. (5) Past performance is not necessarily an indication of future performance. (6) There is risk of loss in trading futures and options. (7) All time PST. 

 

The 4th Year of Accuracy - Daily Market Direction Bulletin

July 2002

FREE TRIAL: First Two Wednesdays

USER CODE: sp500, PASSWORD: guru

( $$ = Proven right direction/Trades in profit. ! = one of trades 1 point stopped out.

Attempt trade for 07/31/2002 Wednesday <!/$$$>

 

Attempt trade for 07/30/2002 Tuesday <$$$>

In the morning, we shorted from 892, took profit at 885. Shorted from 902.50, took profit 894. Then stop 893.50, for buying bias for 900-02 target.....

[Result: Open 889.75, Low 833.75, High 910.25, close 905.50 ]

Attempt trade for 07/29/2002 Monday <!/$$$$$>

Bullish Scenario: Support 844 now, still buying bias, next target 873-878 which could be hit before 10:00AM. .....

Bearish Scenario: If it opened below 50, then try to scalp short side for 837 testing target again.

Opening Update: Strong opening. Don't try to short today, will close at high.

Mid-date Updated: Support 878, still buying bias, target 895-899. Expected close 893-895.

[Result: Globex low 852; open 870.75, low 869.75, High 900.50, closed 893.50]

Attempt trade for 07/26/2002 Friday <!/$$$$$>

Buy low, sell high. Globex trading range: 843~823.

Gap down open scenario: If it opened gap down below 828 but above 824, market should spiked up to 843 area before another plunge.

Gap up open scenario: If it open above 840 but below 844, try short side. Stop 844-843 area, selling bias for 15-20 points plunge.

Morning update: Selling from 847, with 848.50 stop, target 936, 930; then get ready to reverse to buy side.

[Result: Globex high 843, globex low 823.50; open 842, low 834.50, closed 853]

Attempt trade for 07/25/2002 Thursday <!/$$$$$>

Globex Trade: Resistance 846, selling bias, target 832.

This 832 will be tested before 8:20AM, if broken, 823 testing.

If opening is at high end (845), we would be on short side, target 832, 823.

Opening Update: We will make at least 20 points profit today.

Afternoon: Morning's short from 843, follow thru, selling bias, target 823.

[Result: Globex high 846, globex low 837; open 839, high 854.50, low 812, closed 838.50]

Attempt trade for 07/24/2002 Wednesday <$$$$$>

Globex trade: Take profit at 788 and reverse to buy side for target 802; then reverse to short side for target 775-771 bottom.

From 775-771, buying bias for expected 30-40 points bounce. Today will be a strong bounce day for one way up and close at high.

Opening Update: Just buy buy buy stocks (QLGC, BRCM...) !!! Just buy aggressively!

Mid-day update: Next buying timming 10:30. Stop 804.50, still buying bias risk 1-2 points, for MOC day high close.

[Result: Globex high 802.50, globex low 771; open 779, high 845.50, low 773.75, closed 844.50]

Attempt trade for 07/23/2002 Tuesday <$$$$$>

If it opened below 822, selling bias again.

HUGE PROFIT AGAIN: 50-75 pts profit. after a couple of 1-2 pts stop-out, we caught all short selling with 1-2 pts risk. Last 2 trades example before the close: (1) Stop 811, shorted from 808-809, carried into globex. (2) added short at 805, carried into globex.

[Result: Globex high 836.50, open 821.75, high 829, low 794, closed 796.25. Globex plunged to 878.]

Attempt trade for 07/22/2002 Monday <!/$$$$$>

Resistance 852, can short again if market bounce to 50 area. If his 850 area is hit again it would be still the selling area for one more time.

If you are still carrying the short from last Friday, 852 is the position stop.

Two scenarios:

(1) Gap down: We expecting it to plunge to 805 area. (Resistance 843).

(2) No gap down/no flush: Last Friday low would be the support. (This scenario failed already, because last week's low has been taken out at Globex.)

Don't try to short after market goes into 815-805 range (our shrt side target). Get ready to buy for 40-50 points bounce.

Mid-day updte: Resistce 847, selling bias, target 820 testing. Expected close 820-822.

[Result: Globex high 847, open 839, low 810.50, high 854, closed 819.50]

Attempt trade for 07/19/2002 Friday <!/$$$$$>

Trailing stop 882, next target 855. After market hit 860 area, try scalp buy side from 863 for target 872-874.

Afternoon Update: Stop 866.75, selling bias, target 83x before close.

[Result: Globex high 878, open 864.75, high 872, low 839.75, closed 845]

Attempt trade for 07/18/2002 Wednesday <!/$$$$>

Huge profit from 912.50-913.50 short with 914.50 stop, target 880 achieved and short carried overnight.

Afternoon update: This target 855 is still valid and most likely open gap down at either 865 or 855 area.

[Result: open 904, high 907.25, low 874, closed 875.50]

Attempt trade for 07/17/2002 Wednesday <!/$$$$>

Tuesday short covered at globex 894 and reversed to long.

After 7:15AM update: Market topped out. Stop 925.25, selling bias, target 917 testing. If 917 is broken, keep selling into target 898-894.

Mid-day Update: Market will test 911. Stop 897, buying bias, target 910-911 testing. Expected close either 911 or 905-7.

[Result: Globex 891.75, open 925, high 929, low 894, closed 904.75]

Attempt trade for 07/16/2002 Tuesday <!/$$>

Trading range: Resistance 922, support 903.

We are favoring scalping short side for 914-911 pivot testing; if broken then target 903, 895.

Pre-opening update: Still selling bias...

Afternoon Update: Still selling bias, this 895 target is still valid on our map. Stop 915.50, sell 914.50, target 897-899 testing. After bounce to 904, then short again for target 895 and carry short overnight.

[Result: High 922, low 897, close 903-2. Big profit day]

Attempt trade for 07/15/2002 Monday <$$$$$$$>

SP 921 resistance, watch out for a Black Monday, for target 877.

Pre-opening Update when sp was traded at 917.50: Stop 920-21, selling bias, target 898.

Stop 913, keep selling, target 897; if 895 is broken, just keep selling into 877-74 and cover short.

Huge profit day! we called today dow 400-450 pts plunge and sp target 875 from 921 short! Shorted 4-5 time 70 points profit.

[Result: High 921.50, low 875.75, close 920.50]

Attempt trade for 07/12/2002 Friday <!/$$$$>

Short side after the opening and later hours with big profit. A couple of 1 point stop-out trades in the middle of the day.

 

Attempt trade for 07/11/2002 Thursday <$$$$>

Some members profit 50-70 pts today. 2 shorts 6 longs

 

Attempt trade for 07/10/2002 Wednesday <$$$>

Posting 6:17 AM: Still selling bias! Target 942 still valid. Can hit 935.

Posting 6:29 AM: Stop 960, selling market 957.50, target 943-941.

Posting 6:40 AM: Stop 956.75, still selling more, risk 1 point (955.75 filled), target 947 testing.

Posting 7:07 AM: Profit 949-950 taken. 952 stop sell again. Stopped out 1at 953.

Posting 7:32 AM: Still seling bias, 955.25 stop, sell again, target 942 then 935

Posting 9:23 AM: OK scalp buy side. Support 933.75, buy 935.75, target 942-943. (Profit taken at 10:02AM)

Posting 10:02AM: Pull back to 937-938, buy again. (stopped out breakeven).

Posting 10:43AM: Reverse to short side again. Stop 939.50, short at 938.50, target 928-925. (Profit taken)

Posting 11:33AM: Stop 924, buying bias at 926, take 1/2 proift at 929 for scalping, the other 1/2 stopped out with with 1.5 profit.

Posting 12:05PM: Stop 928.75-929.50, selling bias again with 1 point risk, target 922 (profit taken or trailing).

Posting 12:39PM: Stop 930.50, selling again at market, target "MOC, market on close".

[Result: open 957.50, high 957.75, low 917.75, close 918.75. Carry 1/2 short over. Position short from 980 area. Total 12-15 trades, only 2 stopped out either breakeven or 1 point loss.]

Attempt trade for 07/09/2002 Tuesday <$$>

Opening update: Short short short from 980 risk 1 point, target 972-971.AFter bounce short again! NO buying mood today!

Afternoon update: Morning low 969.50 is not low enough. Stop 975, selling bias, target 967 testing, if 967 broken, 969 stop, more selling target 953-951

 

Attempt trade for 07/08/2002 Monday <$$>

If it opened below 981 but above 978, try to scalp buy side. If it opened in between 983-986, side line for 5-10 mins.

If it opened above 986 but below 989, try to scalp short side for target 976. (Favorable)

Opening update: It opened at 987.50, we favor short side. Stop 980.25, sell short with 1 point risk. If stopped out, short again at 993.25 again, target 975-977 again.

Midday Update: Stop 974.50, reverse to buy side, target 985-988. Then reverse to short side again; expected close 977-980.

[Result: open 987.50, high 994, low 973.25, close 978.25]

Attempt trade for 07/05/2002 Friday <$$>

Posted 3:59PM Thursday afternoon: Still buying bias, reversal down won't be confirmed unless this 948.50 is violated. Globex trade: Support 950, stop 950.50, buying bias, bought 1051.75.

Mid-day update: Trailing stop 975-979, still buying bias, target 997.

[Result: Low 951.25, high 993, close 991. Short side scalp gave back 1-2 pts.]

Attempt trade for 07/04/2002 Thursday (Holiday. Globex halted at 8:30am)

Still buying bias, reversal down won't be confirmed unless this 948.50 is violated. Stop 950.50, buying bias.

Attempt trade for 07/03/2002 Wednesday <!/$>

This 952.50 was violated at Globex. Stay side line for the time being.
Gap up opening is possible. If this 950 is intact after midnight, this 950 support would be for possible opening at 960+ (Agg trade can try buy side with 950 stop).

If it opened gap up, a reversal down would be likely after 8:00AM.

If it gets to 958-60 area... try to reverse to scalp the short side again. If it is at around 958-60 at around opening, try to scalp short for gap filling and scalping to buy side.

If this 955.50 is intact at Globex, watch out, still more selling !

Opening update: Still selling bias, target 1137; then reverse to buy side if 1036.75 is intact at 9:00AM

[Result: Globex high 955, globex low 9441.50; open 949, high 955, low 934.75, close 953. Short side with big gains and gave back some by a couple of stop-out with 0.50-1.25 points.]

Attempt trade for 07/02/2002 Tuesday <$$$>

Major resistance 977 before the opening, target 957. If 967 is intact up to 7:30am, it could bounce

Pre-Opening Update: Still selling bias, stop 970, sell 969, target 948. Then after 9:00 reverse to buy side from 947 for 10+ points bounce.

Afternoon Update: Stop 960.50, selling bias 959, target 948.

[Result: Globex high 973.75, open 967, high 969.50, low 945.50, mid-day bounce high 960, close 947.50]

Attempt trade for 07/01/2002 Monday <!/$$$>

This 975-971 testing is expected, if 96x is seen, more selling expected.

If you are still carrying the short from last Friday (final hour short from 995), just keep it with trailing (or new) stop at 992.75, target 971 testing.

Morning update: Stop 993, selling bias, target 975-971 is valid befoe close

Afternoon Update: Major Stop 986, selling bias from 985 area, target 976-974 and 971 is valid before the close.

[Result: Open 990.75, High 996, low 967, close 969.50. Three unlisted trades got stopped out by 1 point each. Net big profit day again.]

Attempt trade for 06/28/2002 Friday <!/$$$>

Before Thursday close, we said "keep long" for 996 minimum target. Support 986.75 now, 1000 should be broken again. (13 pts)

09:00AM Update: Stop 997, buy 998, 1/2 profit target 1002, then 1006. (4 pts)

10:30AM Trade: Buy 998, target 1002. (4 pts)

11:40AM Trade: Stop 1000, selling bias, sell 998.50, target 990. (8.5 pts)

12:30PM Trade: Stop 995.5, sell 994, take profit 992 (2 pts)

12:50PM Trade: Stop 995.5 again, sell 995-994.5, target 988. (6.5 pts)

[Result: Open 990.75, High 1003.25, low 986, close 988.50. Two unlisted trades got stopped out by 1.0~1.5 points each. Net big profit day again.]

 

 

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