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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

August 2002

FREE TRIAL: First Two Wednesdays

USER CODE: sp500, PASSWORD: guru

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

Attempt trade for 09/02-03/2002 Tuesdy <$$$$$$$$$$$$$$$$$$$$$$$>

Monday 10:45AM Update: Globex Stop 914.50, short at globex, target 910; if 909 is broken, selling more for target 885.

Tuesday Opening Update: Aggressive Stop 903, selling bias, target 895.

Mid-day Update: Stop 890.50, still selling bias from 888-889, target 877.

[Result: Globex high 913.50, open 900, high 902.75, low 876, closed 877.75]

Attempt trade for 08/30/2002 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

1st Trade: Stop 919, carried short from Thursday close (or reentry at globex), target 910 testing. (Missed buy due to PMI report.)

2nd Trade: Stop 925, reverse to short side from 924, target 920.

3rd Trade: Stop 926.50, reverse to short side from 925.50, target 922.50

5th Trade: Short stopped out with 0.5 loss.

6th Trade: Stop 927.50, shorted from 926.50, target 918; if 918 broken, move stop to 922, BA can keep the short over weekend. Expected wildcard close 913-916.

[Result: Globex high 917.50, Open 911.50, High 928.7, low 909, close 912]

Attempt trade for 08/29/2002 Thursday <$$$$$$$$$$$$$$$$$$$$$$$>

1st Trade: Stop 919, short at globex 918, target 905.
2nd Trade: Stop 902-903, reverse to buy side from 903, target 922-923.
3rd Trade: Stop 923.50, reverse to short side, target 918-915.

4th Trade: Stop 912, buy 912.5-913 again, target 921;

5th Trade: then reverse long from 921-922 to short again for target 915. Expected close 916-917.

[Result: Globex high 918.50, Open 908, High 926, low 902.50, close 916.50]

Attempt trade for 08/28/2002 Wednesday <$$$>

Short at Globex, resistance 936, selling bias, target 915.

Mid-day: Support 915, scalp buy side, target 921.

Afternoon: Stop 923, selling bias, target 917.

[Result: High 936, low 913.50, close 916.50]

Attempt trade for 08/27/2002 Tuesday <$$$>

Bfore durable goods report, resistance 946.50, scalp short side, target 940.

After durable goods report, stop 947, buying bias, target 956.

AM 6:50 Update: Day high stop, short side, target 948. If 947 is broken, more selling for target 930.

[Result: Before Durable goods report, high 947, low 941; after report, high 956.50, low 929.75, close 937]

Attempt trade for 08/26/2002 Monday <$$$>

Opening Update: Stop 947, selling bias, target 935 testing.

AM 8:50 update: Stop 929.75, buying bias risking 1 point, target 941.

AM 11:45 update: Stop 940, buying bias risking 0.50-0.75 point, target 951-953, then 956 target. Expected close 950-947.

[Result: Morning High 946.75, low 929.75, high 951.50, close 947.50]

Attempt trade for 08/23/2002 Friday <$$$>

Opening: Stop 957.75, selling bias, target 949.50, then use tradiling stop for 942 target.

Near Mid-day: Suppot 942, buy side scalping, target 947-8.

Mid-day: Trailing stop 948.50, short side trailing, target 940. Expected close 940~945

[Result: open 955, high 956, low 936.75, close 941]

Attempt trade for 08/22/2002 Thursday <$$>

Opening: Support 945, still buying bias, target 965.

Mid-day: Stop 951.50, buying, target 960.

Mid-day: Stop 959.50, add, target 966.

Afternoon: Take profit at 966; use 967.50 stop and reverse to short side for 960-962 target.

[Result: open 950, high 966, low 946, close 961]

Attempt trade for 08/21/2002 Wednesday <!/$$>

Market will repeat Tuesday's one more time and back to up side again for 950-952. Opening resistance 949.50, scalping short side, target 935.50-937.50.

Support 930-933, reverse to buy side for target 950-952.

[Result: open 947.50, high 952.50, low 931.50, close 950.25]

Attempt trade for 08/20/2002 Tuesday <$$>

Opening Update: Trading range 945-935. Sell high/buy low, Buy low/sell high.
Resistance 947-8, scalping short side, target 935.50-937.50.

Stop 933.50, reverse to buy side for target 944-45. Then scalp short again.

[Result: open 943.50, high 945, low 932.50, close 940]

Attempt trade for 08/19/2002 Monday <!/$$>

Stop 930.50, scalping short side 929.50, target 917 testing. (Stopped out with 1 point loss).

Update after being stopped out: Stop 937.25, buying bias 928, target 952-955 target.

[Result: Globex high 929, low 921.50; open 928.75, high 952.50, low 927.25, close 950.50]

Attempt trade for 08/16/2002 Friday <!/$$$>

Opening Update: Stop 926.50, selling bias 925, target 915-917. Then Stop 914, buying bias, target 932.

Mid-day Update: Stop 925, buying bias 927, target 935.

Afternoon Update: Stop 930.50, buying 931.50, target 936-938; then stop 938, selling from 936-938 for target 930.

[Result: open 923.75, low 915, high 936, close 927.50]

Attempt trade for 08/15/2002 Thursday <!/$$>

Position long target 928-935 unchanged. Support 915-908, still buying bias, target 938.
[Result: Globex low 915.75, Open 923.75, low 917.75, high 935.75, close 929.75]

Attempt trade for 08/14/2002 Wedesday <$$>

After midnight: Stop 889.50, still selling bias 887-888, target 8-10 pts proift then trailing for target 872, stop 883.

Mid-day Update 10 mins before 880.50 low and blow up: Stop 880, risk 0.75, target 892; if 892 broken, establish long position for target 935.

[Result: Globex high 888.50, low 879.50; Open 882.50, low 875.75, high 921.25, close 917.25]

 

Attempt trade for 08/13/2002 Tuesday <$$>

AM update: Support 896-7, buying bias, target 913.

PM update: Stop 903.50, selling bias, sell at 902, target 890-888, if 887 is broken, selling more for target 884.

[Result: Open 896.75, opening low 896.50, high 912.50, low 882, close 885.25]

 

Attempt trade for 08/12/2002 Monday <$$>

Globex: Stop 908.75, selling bias, target 896-892 if 903.5 is broken.

Mid-day update: Stop 894, buying ibas at 895, target 8-10 points (or just carry over).

[Result: Open 897, high 908.25, low 891.75, close 902.25]

Attempt trade for 08/09/2002 Friday <!/$$>

Stop 904.50, selling bias, sell at Globex risk 1-2 ponts, target 8-10 pts profit.

Opening: Stop 909.50, selling bias, take profit below 890.

AFter taking above profit: 896.50 short stopped out by 1 point.

Afternoon: Stop 903.50, buy side, took profit 912-914. Stop 907, buy again, target 913-915 profit taken

[Result: Globex high 904.50 after we posted, low 893.75; open 897, morning high 898.75, low 889.75, day high 915.50 close 907.75.]

Attempt trade for 08/08/2002 Thursday <$$>

Stop 874, buying bias, buy at Globex risking 2-3 points, target 896, then 906 before close.

Following trades: Stop 883.75, buying bias. target unchanged. Stop 890.50, buying bias, target 905.

[Result: Globex low 875.50, globex high 891, open 879.75, high 906, low 873.75.50, close 905]

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

Opening trade: Stop 879.50, selling 878.50, target 876.25.

Afternoon: Stopped out 1 pt, reversed to buy side from 860.50.

[Result: Open 875.25, high 880.50, low 853.50, close 861.50]

Attempt trade for 08/06/2002 Tuesday <!/$>

Resistance 834, support 818.
[Result: Globex low 828, gap up open 848, high 875, close 861.50]

Attempt trade for 08/05/2002 Monday <$$>

Globex: Stop 867.75, selling bias, target 848.

Afternoon update: stop 845.50, more selling biasd, target 831-835, closing at day low.

[Result: Globex High 867.50, day high 862, day low 831 close 833]

Attempt trade for 08/02/2002 Friday <!/$$>

Resistance 888, selling bias, target 877-875. Support 872, buy side risking 1 pt; if 872 is broken, then reverse to short selling agin for target 854.

[Result: Globex high 885.75, low 873; High 885.75, low 852, close 864 ]

Attempt trade for 08/01/2002 Thursday <!/$$$>

Globex: Stop 911, target 892-893; then buy 903-902.

Opening Update: Buy side take profit 906-907; then reverse to short side, Stop 909.50, selling bias, target 882-80.

[Result: High 908.50, low 880, close 883.50]

Attempt trade for 07/31/2002 Wednesday

 

 

 

 

 

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