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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

September 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 09/30/2002 Monday <!/$$$$$$$$$$$$>

Short carried from previous, covered at 810-811.

Stop 798.75, bought from 799.50, took profit 808; pulled back to 804-805, bought again, for target 813-815; pulled back to 807 bought again, target 818-819 profit taken.

[Result: 2 shorts stopped out with 1 point each; 4 longs with huge profit, not including the profit from overnight short.]

Attempt trade for 09/27/2002 Friday <!/$$$$>

Long carried from yesterday, covered at 857.

After GDP report: Stop 850.25, selling bias 849, target 842.

Morning: Stop 840.50, buying bias, stopped out by 0.75.

Midday: Stop 843.50, selling bias 842, target 830.

Afternoon: Still selling bias, stop 831.50, sell 829.50, target 824...

Before close: Stop 826.75, carry short overnight for target 811 Monday morning.

[Result: Open 848, high 857, low 824, close 825]

Attempt trade for 09/26/2002 Thursday <!/$$$$$>

Carried long from yesterday 838.50, target 850, 860.

Opening Trade: Stop 840, buying again 841-842, target 852. After profit taken, bought again 845-848, target 855-860.

Midday Trade: Stop 850, short again 849, target 842-843; after profit taken short again at 846, target 842; after profit taken, shorted again 849, and stopped out 850. Reversed to buy side from 852 with stop 849-850, target day high 857.

[Result: Open 850, high 857, low 841, close 852]

Attempt trade for 09/25/2002 Wednesday <!/$$$$$>

Carried short from yesterday 822 with 823.75 stop, partial covered at 813 and partial stopped out 823.75.

Atter opening: Stop 822.5-823.5, buy side risk 1 point, take profit 826.

7:55AM: Stop 823.75, reversed to short side at 822.50, took profit 818 and partial stopped out breakeven. 817 day low is in. Main trend up.

8:30AM: 822.5-823.5 Support, and resistace 830, trading ragne buy 823-824, short 828-29. Main trend is UP. Breakout should be up side.

9:30AM: Stop 827, buying bias, target 837-8; after profit taking, pull back 834-835 buy agian, for target 849. We took profit 844 and bought again 837, took profit 842; then bought again 838.50...and carried overnight with 837.25 stop for target 852, and 860.

[Result: Open 830, high 845, low 817, close 841.50]

Attempt trade for 09/24/2002 Tuesday <!/$$$$$>

Carried short from yesterday for target 818, covered at 818-820, and stop 817, reverse to buy side for 15 points bounce target. Then short again 831-829, target 819, then shorted again 827 area risking 1 point took profit at 822.

After FOMC: We shorted twice all with 0.5- 1 point stop and in profit.

Two minutes before the close: Shorted again at 821.5-822.50 with 823.75 and carried overnight. (covered at 810-813).

[Result: Open 819, low 817.25, high 830.50 closed 821.75]

Attempt trade for 09/23/2002 Monday <!/$$$>

Openning Update: Stop 838.25, short at 827.50, target 827-825 before 8:00AM then reverse to buy side....

[Result: Open 834.50, morning high 838, low 824.50, closed 834]

Attempt trade for 09/20/2002 Friday <!/$$>

If 940 is intact at around midnight, cover short and ready to buy 17-20 points bounce. Agg PT20 can buy 840-842 with 839 stop. Keep in mind this is for weekend short covering. If 940 is intact at opening cover short and buy for 17-20 points bounce. (We are expecting a short covering and expected close 853-857 range.)

Openning Update: If sp can not hold above 845.75 for two hours, we will be back to bearish bias again.

Attempt trade for 09/19/2002 Thursday <$$$>

Stop 863.75, selling bias still (carried short from) Wednesday, target 853 take profit and get ready to buy bounce.

Afternoon Update: Stop 856, selling at 855-855.5, target 842-845 and MOC.

After 11:30: Stop 851.75, short again at 851, target MOC down day.

[Result: Open 854, high 863.25, low 841, closed 841.50]

Attempt trade for 09/18/2002 Wednesday <$$$>

Update: We carried short from yesteray short and took profit at 864. Try to short with 875.75 stop at Globex, target 855-857.
Morning update: Stop 869.50, short again, target 855-857.

Update After low: Stop 858.25, buying bias at 859-859.75, target 873.

After top 879: Stop 879, selling bias 875-876, target 866.

Attempt trade for 09/17/2002 Tuesday <!/$$>

Opening Update: Stop for short side 910, target 901; stop 901.25 for buy side, can only risk 0.75. If 901.25 is broken, it is reversing to back to down trend and 901 will become stop for short side.

7:30AM - Stop 888.50, selling bias risking 0.75-1.0 point, target 876, 872.

10:50AM - Stop 884.75, selling bias risking 0.75-1.0 point, target 872-873; and carry short overnight, because it most likely open gap down at 865 area tomorrow.

[Result: Open 904.50, high 906.50, low 871.75, closed 873; globex opened at 865]

Attempt trade for 09/16/2002 Monday <!/$$>

Opening Update: Stop 891.75, selling bias, target 881-880.

Attempt trade for 09/13/2002 Friday <!/$$$>

Before Thursday close, we shorted from 889+ area with 890.50 stop.
If 885-884 is hit at Glboex, can take 1/2 profit and wait for 5:30AM retails report.
Without report, this short is for target 878.

If support is found at either 878 or 872 area, try to buy bounce for 20 points.

Opening update: If buonce to 890 area short again for target 880.

[Result: Globex high 889.75, low 877.50, open 878, high 893.75, low 876.50, close 891.50]

Attempt trade for 09/12/2002 Thursday <!/$$$>

Stop 910.50, selling bias at Globex, target 900.

Opening update: Stop 903.50, selling bias, target 895.

After Opening: 897 stop, shorted 896.50, target 892-890.

PM trade: Stop 894, selling at 893.50 risking 0.50, target 885.

[Result: Globex high 909, open 902, high 902.50, low 884, close 889.50]

Attempt trade for 09/11/2002 Wednesday <$$$>

Stop 907, buying bias at Globex, target 919-922. It would open gap up.

AM update: Stop 923-925, selling bias, target 905.

Midday Update: Support 911-913, try scalp buy side for target 918-919.

PM update: Stop 914.25, selling at 913.50, target 906-905.

[Result: Globex low 907.25, high 922.50, open 921.50, high 927.50, low 906, close 906.50]

Attempt trade for 09/10/2002 Tuesday <!/$>

If this 898.50 is intact at the opening, then it will become stop for buying bias, target 910-912.

[Result: high 912, low 900.25, close 911]

Attempt trade for 09/09/2002 Monday <!/$>

Opening update: Stop 886, can scalp buy side for 2-3 points. Stop 890, scalp short side risking 0.50, target 896-5.

Update after 7:30: Stop 883.50, buying bias, target 888-889. Then stop 889.50, risk 0.50 point to scalp short side. If 890 is broken, it would be reversal up sign for target 902-3 target.

Midday Update: Stop 899.50, buy 900-901, target 905-908.

Update after 12:00: Day high 908, selling bias, target testing 900-901, expected close 901.

[Result: Open 889, Opening high 889.25, low 882, high 908, close 900.75]

Attempt trade for 09/06/2002 Friday <!/$>

Waiting for Unemployment Report: Two scenarios: (1) Gap up at 892. If it opens gap up, it will sell off before 7:30AM and reverse up after 7:30. Stop 894, scalp short side, target 887. (2) If it opens gap down at 877 area, try buying bias; stop 877, target 892

[Result: Globex low 881.50. Gap up open 892, high 900, low 887, close 894.2; during the day, 2 trades stopped out 1 point or break-even; 3-4 traders with 1-3 pts profit.]

Attempt trade for 09/05/2002 Thursday <$>

Stop 894.50, short at globex, target 886; if broken, target 880.

Opening Trade: Stop 880.75, selling bias from 879.75, target 770-867; and stop for buy side is 864-865.

[Result: Globex high 893, low 878, open 879, opening high 880.25, low 869.50, high 888.75, close 883.50]

Attempt trade for 09/04/2002 Wednesday <!/$>

Little profit, little stop out, going no where.

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

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, still selling bias, target 895.

Midday 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.

Midday: 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 <$$$>

Before 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 trailing stop for 942 target.

Near Midday: Support 942, buy side scalping, target 947-8.

Midday: 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.

Midday: Stop 951.50, buying, target 960.

Midday: 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]

 

 

 

 

 

 

 

 

 


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