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The 5th Year of Accuracy - Daily Market Direction Bulletin & WarRoom

February 2003

FREE TRIAL: First 2 Wednesdays

USER CODE: sp500, PASSWORD: guru

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

Attempt trade for 02/28/2003 Friday<!/$$$$$$>

Support 834, buy side, target 847-848.50

[Low 833, high 847.50, close 844.50]

Attempt trade for 02/27/2003 Thursday<!/$$$$$$>

Opening trade stopped out 1 pt.

Midday: Stop 834, buy 835 target 843-845

After midday: 837 stop, short 836.5, target 831; then reverse to buy side with 830 stop, target 837-838 before close.

[Result: High 843.50, low 826.50, close 838.2]

Attempt trade for 02/26/2003 Wednesday<!/$$$$$$>

Globex: Resistnace 831, selling bias, target 832.

Opening: Stop 840, selling 839, target 831.

Midday: Stop 835, short 834, target 828-825.

[Result: High 840, low 825.75, close 837.7]

Attempt trade for 02/25/2003 Tuesday<!/$$$$$$>

Globex Resistance/stop 836.25, selling bias, target 817 (if 830 is broken).

If 830 is broken at Globex, any bounce would be for short selling.

Afternoon: Reversed to long from 830-831, target 838-840.

[Result: globex high 833, day low 817.25, high 840, close 839.50]

Attempt trade for 02/24/2003 Monday<!/$$$$$$>

Globex: stop 852 scalp short side bias, target 844. If 844 is broken, it will test last week's low 830.

Attempt trade for 02/21/2003 Friday<!/$$$$$$>

At opening: Stop 841.50, selling bias, risk 1 pt, target 836; if 835 is broken target 830; then buy buy buy.

After opening: Short again 838.50, target 832-828. If 832-828 hit, try to BUY BUY BUY for target 850-855 testing.

[Result: Opening high 840.50, low 829.75,high 852.50, close 847.2]

Attempt trade for 02/20/2003 Thursday<$$$>

At opening: Stop 843.50, buy 844, target 850-852. If 843.50 is broken, reverse to short side, target 835-836. Then reverse to buy side.

Attempt trade for 02/19/2003 Wednesday<$$$$$$$$>

Globex: Resistance 853, support 845. agg trade: Scalp short side for correction

OPening: Stop 850, selling bias, target 840-838; then reverse to buy side with 838 support.

[Result: Globex high 852.50, day low 837.75, close 846.50]

Attempt trade for 02/18/2003 Tuesday<$$$$$$$$>

Globex: Stop 835, buying bias, target 853-854.

Midday: Stop 847, buy again 847.50, take proift 853.

[Result: Globex low 836, day low 835.50, high 833.50, close 852]

Attempt trade for 02/14/2003 Friday<!/$$$$$>

Carried long from 811 yesterday and took profit at 830.
Stop 830, selling bias, took profit at target 823; then short again 821 risking 0.75, took profit at target 815.
Shorted again 821 and stopped out with 0.75 loss. Then reversed to buy side from 821.50 with 821 stop, took profit 825.

Bought again from 825 with 824 stop, carrying long position again.

[Result: Morning high 831.2, low 813.50, close 837]

Attempt trade for 02/13/2003 Thursday<!/$$$$$>

5:30AM PST, Stop 823, short 822 after retails sales report, target 807-805; then reverse to buy side.

Midday: Cover short position (shorted from 916-909) at 806 with 103 points profit and ready to reverse to buy side.

Afternoon, stop 810, buy 810.50, keep position for overnight.

[Result: Globex high after retail sales report 822.50, low 805.50, close 819]

Attempt trade for 02/12/2003 Wednesday<!/$$$$$>

Stop 830.50, till selling bias, target 823. Stopped out once and shorted again at 6:39AM from 831 area risking 0.75.

Midday: Resistance 827, still selling bias, target 818.

Afternoon: Resistance 824, still selling bias, target 818-816.

[Result: High 831.50, day low 816.50, close 816.7]

Attempt trade for 02/11/2003 Tuesday<!/$$$$$>

Globex: Stop 833, buying bias, target 842 take profit.

Opening: Stop 834.50, still buying bias, target 840-842 again.

Midday: Stop 834.25 buy side risk 0.50, if stopped out, use 836 resistance reverse to short side target 827-825; if 827 broken keep it for lower target.

[Result: Globex low 835.50, high 842.50, day low 823.50, close 830.]

Attempt trade for 02/10/2003 Monday<!/$$$$$>

At opening: Stop 833, shorted 832.50, took profit 825.

8:17AM, Stop 822.50 reverse to buying bias, target 828.50 testing, if broken, then 835 target.

[Result: opening high 832.75, low 822.5, day high 836.7, close 835.50. Between 10:00~11:40, buy side stopped out 0.75, short side stopped out 0.75]

Attempt trade for 02/07/2003 Friday<!/$$$$$>

At opening: Short 844, take profit 841.50; reverse to buy side 841.50, exit 844-845.

Reversed to short side from 840 violation risking 1 point, target 830; then 828 stop, reverse to buy side, eixt 835.

Midday: Stop 833.50, short 832.50, target 826-825.

[Result: high 845.2, low 825.5, close 830.50]

Attempt trade for 02/06/2003 Thursday<!/$$$$$>

Stop 846.75, selling bias, target 830.

[Result: high 845.5, low 832, close 840.50]

Attempt trade for 02/05/2003 Wednesday<!/$$>

Globex: Stop 852, sclap short side, target 842, 834.

At opening stopped out twice with 0.5-1.0 point loss, midday reversed to buy side from 851 stop, target 860-862 achieved.

Afternoon: Shorted from 857 area, shorted again 850.50, carried overnight.

[Result: Globex low 843, open 853, low 840.50, high 861, close 844.50]

Attempt trade for 02/04/2003 Tuesday<!/$$>

Carry short from 858.50 to Globex, target 850, and it should open gap down at 850 area. Day session target 840.

[Result: Opened gap down at 849, low 835.2, close 847]

Attempt trade for 02/03/2003 Monday<!/$$>

Stop 854, buying bias, target 867-868
If 854 is not tested near midnight, aggressive stop for buy side will be 855.75

Attempt trade for 01/31/2003 Friday<!/$$$$$>

After 8:00AM, Stop 842.7, buying bias, target 854.
Final hour, Stop 858, shorted from 857, target 849.

Attempt trade for 01/30/2003 Thursday<!/$$$$$>

We bought at globex from 859 with 857.50 stop and took profit 865.

At opening: Stopped out 1 point and reversed to short side from 859 with 0.75 risk and added short from 857 and shorted again 855 for target 847.50 followed by trailing. Big profit day.

 

 

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