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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

December 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 SP 767.00 the day before this up trend started on October 10 ! We did buy IBM at 54.85 with 54.25 stop. All our stocks gained 70%~100%+ except black sheep BRCD net +20% only.

<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 01/02/2003 Thursday<Reopen>

No trade for 12/31/2002 Tuesday<On Vocation>

No trade for 12/30/2002 Monday<On Vocation>

Attempt trade for 12/27/2002 Friday<!/$$$$$$>

Globex: Stop 893, selling bias, target potential gap down open at 884.

Opening trade : Stop 886, sccalp buy side from 887, target890; 890 also a stop for short selling bias, target 882.

Afternoon: Stop 888, selling bias, stopped out by 0.5; shorted again from 885-886, target 879. Then stop 877, reverse to buy side exited 880. Followed by stop 881, selling bias for target 872. Covered 873.75.

Near Close: Stop 876.50, risking 0.75 short again, target MOC down day.

[Result: Globex High 891, open gap down 886.50, day high 889.7 low 871.50, close 871.50]

Attempt trade for 12/26/2002 Thursday<!/$$$$$$>

Morning: Stop 893, buying bias, 2 points risk, target 897, 900; followed by 897 stop, buying bias, risking 1 point, for scalping3 points. (Buy side stopped out 1 point or breakeven)

Midday: Stop 900, give a shot, selling bias with 1 point risk, first target 897; if 897 is broken, short side don't cover before 11:25AM PST, keep the short for 894-93 target, then more trailing to 897 resistance; if 890 is broken, more down side.

[Result: High 893.50, low 885.50, close 891]

 

Attempt trade for 12/25/2002 Wednesday<Christmas Day>

Attempt trade for 12/24/2002 Tuesday<!/$$$$$$>

Trading range 902-890.50

8:15AM Update: Trade for the rest of the day: Expected trading range 897-890 with possiblilty of breaking 890. There are 2 stop levels for short side -- 895.25 and 897. Aggressive trader (BA) using 895.25 with 0.75 risk, conservative trade using 897 stop with 0.75 risk.

[Result: High 895.70, Low 890, close 891.2]

Attempt trade for 12/23/2002 Monday<!/$$$$$$>

At opening : Support 890, resistance 897. Can trade either side.

Morning: stop 896.50, buy 897-898, target 901.

Midday: Stop 898.25, reversed to short side at 897.50, took profit at 893 violation.

Shorted again at 895.5 with 896 stop, took profit at 894 or lower.

[Result: Low 890.20, High 902, close 896.70]

Attempt trade for 12/20/2002 Friday<!/$$$$$$>

At Opening: Stop 888, buying bias 889, target 900.

Midday: Stop 893, buying bias. (Stopped out 1 pt)

Afternoon: Stop 890, buying bias, target closing day high.

[Result: Low 888, High 897.50, close 897]

Attempt trade for 12/19/2002 Thursday<!/$$$$$$>

Big profit day after morning 1 pts stopped out.

Attempt trade for 12/18/2002 Wednesday<!/$$$$$>

Buy side stopped out 900 at Globex
Openng: Stop 897, sell 896 - 896.50, target 888.

Midday: Stop 895, short again 893-894, target 888-887 again. EXpected close 890.50

[Result: High 897, low 886, close 891.50]

Attempt trade for 12/17/2002 Tuesday<$$$$$$>

Opening: Stop 905, scalp buy side, target 910-911; if can not break 911 within 90 mins, it will reverse to down side.

Midday: Stop 907, short 906.50, target 900-901 before close; then cover short and reverse to buy side at 901 area with 900 stop.

[Result: High 911.2, low 900.5, close 902]

Attempt trade for 12/16/2002 Monday<$$$$$$>

Opening: Aggressive Stop 889, buying bias, target 905-908.
Midday: Stop 900, buying bias, target 910

Afternoon: Stop 905-906, still buying bias, target 911 before close.

[Result: Open 891.50, low 890.50, day high 911, close 909]

Attempt trade for 12/13/2002 Friday<$$$$$$$$$$>

Resistance 903, selling bias, target 892. Gap down open at 893 is possible.

Opening: Scalp buy side from 890 to 896.

Afternoon: Stop 898.2, sell 897.00-897.50, target 891, if broken followed by day low 886.50 testing.

[Result: Globex high 903, low 890, open 892, day high 897.7, low 885.50, close 886.50]

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

 

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

AM Trade: Support 897, buying bias, target 905.
PM Trade: Support 900, buying bias, risk 0.75, target 908-910 one more time.
[Result: High 910.50, low 895.50, close 902.50]

Attempt trade for 12/10/2002 Tuesday<!/$$$>

At opening: Stop 893, buying bias, risk 1 point, target 925.
[Result: High 905.2., low 892, close 901.2]

Attempt trade for 12/09/2002 Monday<$$$$$$$>

At opening: Stop 910, selling bias, risk 1 point, target 893-894.
After 9:00: Stop 900, short again 899-898...
[Result: High 909., low 889, close 889.50]

Attempt trade for 12/06/2002 Friday<!/$$$$$$>

Resistance 915, support 910; if 910 is broken market will plunge to 892 then reverse to buy side with 890 stop, for target 925 (market will "try" to close 925 today)

[Result: High 916, low 893.7, close 914.50]

Attempt trade for 12/05/2002 Thursday<$$$$$$>

Trading range 915-905, short high, buy low.

Attempt trade for 12/04/2002 Wednesday<$$$$$$>

Trading range 925-915, short high, buy low.

Attempt trade for 12/03/2002 Tuesday<$$$$$>

Stop including globex 941, selling bias, target 930 testing one more time, if broken, keep selling into 91x. Expected close 923.50

[Result: High 939, low 917.50, close 923.70]

Attempt trade for 12/2/2002 Monday<!/$$$$$>

Long from Friday 931-932 with stop 930, target 945, then 955 take profit.

At opening: High 955 is the day high, take profit...; buy side again stopped out 1 point at 940..

[Result: High 955, low 926.7, close 936]

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.

 

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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