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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 & WarRoom

November 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.

We did call the bottom again the day before this up trend started on October 10 ! So far up 7 weeks!

<10/09 Wed> Don't be obsessed with short side, any low made in this week could be "THE" low for an extensive new trend up....

<10/10 Thu> Bigger picture: Dow Jones Support 7400, target 9000+ within 8-10 weeks. 8000 within 5-6 days....

Attempt trade for 11/27/2002 Friday<$$$$$$$$$$$$>

Trading range 842~832. Stop 830, buy at range low again as close to 830 as possible.

[Result: High 942, low 930.75, close 936] Market closed at 10:15AM PST.

Attempt trade for 11/28/2002 Thursday <Thanksgiving Holiday>

Market closed for holiday.

Attempt trade for 11/27/2002 Wednesday <$$$$$$$$$$$$>

Stop 910, still buying bias, target 945.

[Result: High 941, low 912, close 937.70]

We made huge profit while most of other services lost more than 20 points.

Attempt trade for 11/26/2002 Tuesday <$$$$$$$$$$$$>

Opening trade: Support 923, buy side, target filling 929 gap.

Midday trade: Resistance 924, sell 922, again, target 911. Then use 910 stop, reverse to buy side, target 945-50 before Thanksgiving. Keep long overnight with 910 stop.

[Result: High 929.20, low 910.50, close 913.50]

Attempt trade for 11/25/2002 Monday <$$$$$$$$$$$$>

Opening trade: Support 926, buying 927.5, target 936 target.

Midday trade: support 923.50, buying again, target 930-932 profit taking, then use 931.70 stop, reverse to short at 931, for target 928. 85% chances for expected closing range 929-933.

[Result: Morning low 927, high 936.50, low 922, close 929.50]

Attempt trade for 11/22/2002 Friday <$$$$$$$$$$$$>

Support 925-6, still buying bias, target 945-950.
BUT! If 937 is intact after midnight, watch out for pre-emptive profit taking. This pre-emptive profit taking sell off can easily bring sp down to 925.
For aggresive trade: Can use Thursday high 936.5-937 as stop, scalp short side, for 928-927 target.Support 925, reverse short to buy side.[Result: Globex high 936.50, Low 927, high 937.50, close 929]

Attempt trade for 11/21/2002 Thursday <$$$$$$$$$$$$>

Carrying long from yesterday. Support 915, buying bias, next target 925.
Afternoon: Support 926, still buying bias, target 94x.
[Result: Globex high 923, Low 816.50, high 937, close 935]

Attempt trade for 11/20/2002 Wednesday <!/$$$$$$$$$$$$>

Same trading strategy as yesterday: Globex Resistance 902.90, short side, target 893.

If this 893 is achieved before 7:30, try to cover short and reverse to buy side with 891.50 stop, but this time, target 915.

After taking profit 913-914, we bought again at 907.50 with 906.50 stop and keep it for position.

[Result: Globex high 902.75, Low 893.25, midday high 914.50, high 929, close 918.50]

Attempt trade for 11/19/2002 Tuesday <!/$$>

Rsistance 902.90, short side, target 893.
If this 893 is achieved before 7:30, try to cover short and reverse to buy side with 891.50.
[Result: Morning high 890.50, low 892.25, bounce high 905, close 900]

Attempt trade for 11/18/2002 Monday <!/$>

Spport 906.50, buying bias, target 920.Long carried from last week, exited at opening 917; tried long reentry and stopped out with 1 point loss twice. We exited rest of long (871) at 900.

[Result: High 917.50, low 899.50, clolse 900]

Attempt trade for 11/15/2002 Friday <!/$$$>

Carrying long from Thursday, Support 902, if 909 is hit at Globex, take some profit.

After opening: Major support 890-892, strong buying bias, for target 909, followed by 920.

Short side scalping from 902 stopped out with 1.5-2 pts loss. Shorted again 902 and took profit 897. Short side covered, net long. Expected close either 902 or 907.

[Result: Globex high 908.75, low 894.50 High 911, closed 909]

Attempt trade for 11/14/2002 Thursday <$$$$$$$$$$>

Today's trades : Support 880, buying bias, target gap up open above 893, then 909.

Opening trade: Stop 891.70, buy 892.75, target 92x. Carrying long overnight.

[Result: Gap up opened at 893, low 892.50 High 906, closed 902.50]

Attempt trade for 11/13/2002 Wednesday <!/$$$$$$$$$$$$$>

Today's trades : Stop 881, selling bias, target 871. Then stop 870 (low 870.25), reversed short to long at 871, profit taken at 887. Then bought again 881.50 with 879.50 stop, and took profit 892.Then bought again 887 took profit 890.Then bough again 885.50 and stop out with 1 point loss.Then shorted 884 with 885 stop target 874.Then Stop 871.50 (low 871.75), bought 872 for target closing above 880-882.

Carry long overnight for expected opening above 893.

[Result: High 892.50, low 870.20, closed 885.50]

Attempt trade for 11/12/2002 Tuesday <!/$$$$$$$$$>

Openning trade : Stop 883, selling 882, stopped out 1 point. Stop 882, buy 883, stopped out 1 point.Midday trade: Stop 882.50, bought again 885, took profit 893. Then bought again 885, took profit 894 again.After midday: Stop 887, shorted from 885, took profit 880. Expected close 884-885.

[Result: High 894.50, low 878.7, closed 884.50]

Attempt trade for 11/11/2002 Monday <$$$$$>

Openning trade : Resistance 890, selling bias, target 884.Midday trade: Stop 844.50, selling again at 884, target 873.50 covered.

[Result: high 890, low 873, closed 877.50]

Attempt trade for 11/08/2002 Friday <!/$$$$>

Globex trade: Resistance 907, trade short side.

Opening trade: Stop 905.25, selling 904.7, stopped out 1 point. Then shorted again from 903-904 with 905 stop, target 895. Shorted more after 900 violation, covered all at 893.

[Result: Globex high 906.75, day high 910.50, low 890, closed 890.70]

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

Opening trade: Stop 918, selling at 917, target 904.

Midday trade: Stop 907.50, selling 906, target 898. Expected close 903.

[Result: High 917.20, low 897, close 902.70]

Attempt trade for 11/06/2002 Wednesday FOMC meeting <$$$$$>

Opening trade: From 920, selling into 913-912; take profit at 913 then reverse to buy side with 911 stop, target 914, 917; then side line.

After FOMC: Buy 814-815, take profit 824.

After day low 903: Missed buying 905, we bought from 913-914 again and took profit at 924; bought again 920 and MOC 925.

[Result: High 926, low 903, close 925.50]

Attempt trade for 11/05/2002 Tuesday <$$$$$>

In the morning: Trading range 913-904, buy low, sell high, scalping both sides.

After Midday: Short side scalping from 911 to 806-807; then reverse to buy side from 806 with 805 stop. Must exit stop 905, buying bias, target 916.
[Result: High 915.70, low 903.70 close 914]

Attempt trade for 11/04/2002 Monday <$$$$$>

Long from last Friday and profit taken at 919 and 922. Scalped short 919 and stopped out with 1 point loss.

After Midday, after 920 violation, scalp short side from 921-922 for 915-916 then followed by 910 target.
[Result: High 925, low 904.50 close 907.50]

Attempt trade for 11/01/2002 Friday <$$$$$>

Our trade: A lot of people calling top, JUST DON'T listen to them. 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 !!! Carry long into weekend, next it will hit 915 on Monday morning.

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

 

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