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Please read disclaimer before proceeding.

(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 & WarRoom

October 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 11/01/2002 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

Our trade: A lot of people calling top, JUST DON'T listen to them, they have no idea what they are doing. Main trend still up, we have no selling mood, don't try to short. Suport 875, buying bias, profit taking area is 903-904 at around 12:40; market should close "above 900" today !!!

[Result: Low 875, High 894.50 close 899; cash sp closed at 900.75]

Attempt trade for 10/31/2002 Thursday <$$$$$$$$$$$$>

7:00AM trade: Stop 886, risk 1 point buying bias, take profit 898.

9:00-10:00AM trade: Resistance 893, risk 1 point selling bias, target 887.

12:00 trade: Resistance 891, risk 2 points selling bias, target 883, then 878.

Trade after 12:15: Just buy buy buy 878, risk 1 point, target 888.

[Result: High 898.50, Low 877.70, close 881.50]

Attempt trade for 10/30/2002 Wednesday <$$$$$$$$$$$>

Opening trade: 885 stop, scalping short to target 880-878.

7:25 trade: Stop 882, risk 1 point, buying bias, target 893.

After 10:00 trade: Stop 893, risk 1 point, selling bias, target 884.

11:20 trade: Stop 882, reverse to buy side, target 887; 887 violation, target 892.

[Result: Morning high 886, Low 878, day high 895.7, close 889.50]

Attempt trade for 10/29/2002 Tuesday <$$$$$$$$$>

Opening Trade: Stop 891.25, selling bias, target 883 viation, then target 867-863; then 863 stop reverse to buy side for long position.
[Result: Morning high 891, Low 866, close 8881.5]

Attempt trade for 10/28/2002 Monday <$$$$$>

Opening Trade: Take profit 908-910 from the long carried from last Friday. Buy 903-4 agian, scalp to 906-907. This 908 is the possible stop for short side.
Midday trade: Reverse to short side. Stop 902.50, short 901-902, target 886.
[Result: Morning high 908.50, Low 885, close 892]

Attempt trade for 10/25/2002 Friday <$$$$$>

Opening Trade: Short 888, risking 1 point, target 879.

10:20AM trade: Stop 882.75, buy 883.50, keep for postion and closing. Carrying long for over weekend.

[Result: Morning high 888.50, Low 875.50, high 900, close 898.50]

Attempt trade for 10/24/2002 Thursday <$$$$>

Opening Update: Support 897, buy side risk 1 point. If 896 is broken then reverse to selling bias with 902 resistance, target 894-892.

Support 891.50 reverse to buy side scalping to 894. If 891.50 is broken, then reverse to short side again, target 880.

[Result: Morning high 905, Low 878, close 880]

Attempt trade for 10/23/2002 Wednesday <$$$$>

Opening Update: Stop 892, sell 891, take proft at 873-872. Then ready to buy again after 10:00 with 873-874 suport. Trend is still UP.

[Result: Morning high 891.25, Low 873.50, high 899, close 898.50]

Attempt trade for 10/22/2002 Tuesday <$$$>

Support 880-883, buy side, take profit at 896-897, expected close 890-891. Aggressive short can only risk 1 point. It could open gap up at 896.

[Result: Low 882.50, high 897.50, close 891.70]

Attempt trade for 10/21/2002 Monday <$$$>

Support 873 for buy side; 888 resistnace. Expected close 898.00. Main trend is UP.

[Result: Low 872.75, high 901.50, close 898.50]

Attempt trade for 10/18/2002 Friday <$$$$$$$>

Opening Update: Main trend is UP. Buy 866.50 risk 1 point, target 888 and short again. Expected close 882. Target 900+ still valid.
[Result: Low 865.75, high 888, close 883.50]

Attempt trade for 10/17/2002 Thursday <$$$$$$$>

Opening: Stop 888.50, scalp short side target 880.

Afternoon: Stop 875, buying biast 875-877, target 9xx. Carry long overnight and take profit at 888 at Globex or use 880 to protect. Main trend is UP.

[Result: high 888, low 875, close 878.7, Globex opened gap up 888.]

Attempt trade for 10/16/2002 Wednesday <$$$$$$$>

Stop 875, selling biast 874, target 857.
[Result: high 874.5, low 856.50, close 862.2]

Attempt trade for 10/15/2002 Tuesday <$$$$$$$>

Morning update: Move stop stop 863-864, buying bias, target 884.
[Result: Low 865., high 884.5, close 884]

Attempt trade for 10/14/2002 Monday <$$$/!>

Morning trade: Support/stop 828-826, buying bias, targe 845.

Midday trade: Buy again 835, target 84x; expected close 842-844.

Afternoon: Carry long overnight for target 850, 870 tomorrow.

[Result: Low 827.50, high 845, close 842.50]

Attempt trade for 10/11/2002 Friday <!/$$$>

Main trend is UP: Support/stop 799 buy side, resistance 806.50. Buy side target 815, 830, 846. IF 799 is broken, target 791 testing. 791 violation will confirm next week target 870.

[Result: Low 799.25, high 804.50, close 838.50.]

Attempt trade for 10/10/2002 Thursday <!/$$$>

Target 765 for this week, bounce for target 791, 807.

[Result: Low 767, high 808, close 802]

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

Selling bias, Target 765 on Thursday. Watch out major bottom will happen in this week and only two days left.

Attempt trade for 10/08/2002 Tuesday <!/$$$$>

Target 765 for this week. Watch out major bottom will happen in this week

Attempt trade for 10/07/2002 Monday <!/$$>

Target 765 for this week. Watch out major bottom will happen in this week

Attempt trade for 10/04/2002 Friday <!/$$$$>

Job report is crucial. If report is good it will pop up to 830 and expected open will be 828; if it opened above 827, try to buy at gap filling. If it opened below 827, hold off buy side and stay side line.

Opening Update: Stop 826.75, short side, target 808, 800; if 799 is violated, target will be 794-794.

Noon Update: Resistance/Stop 812, selling bias, target day low testing again.

Update before close: Short again 1 minute before the close and carry short over weekend.

[Result: Globex high 830 after job report, Open 824, High 825.50, low 792.2, close 806]

Attempt trade for 10/03/2002 Thursday <!/$$$>

If report is good, it will pop up to 840.

7:08 - Stop 827.5, buying bias, target 840-845.

7:55 - Stop 831.50, selling bias, target 822-820.

11:26 - Stop 827, selling bias, target 822, 818

12:25 - Stop 823, selling bias, target 817.

[Result: Open 828, High 840.50, low 816.25, close 820; we had only one trade stopped out with 0.75 loss]

Attempt trade for 10/02/2002 Wednesday <$$$$$$$$$$$$>

With Stop 834, we bought from 835 after the opening, we took profit at 848-850.

We reversed long to short and shorted from 846.50 with 847.50 stop, took profit at 838-839

We shorted again from 842 with 843.50 stop;

We shorted more from 832;

We covered ALL at 825 and ....

[Result: Morning low 835, high 852.50, low 824.50, closed 831.50]

Attempt trade for 10/01/2002 Tuesday <!/$$$>

Stop 810, buying bias for Monday's follow thru of long 799.50 ; resistance 916.50. Violation 822 will confired target 833, 844.

Opening trade: Short side scalping stopped out twice with 1 point each and made profit on following short.

AFter 9:00AM we reversed to buying bias with 817 stop, buying at 818-819; followed by 834 profit taking and reversed to short from 834 covered short below 830 and reversed to long again for target 844...and 849.

[Result: Globex low 810.25, open 820, high 854, close 853.75]

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.]
 

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