We
did call the bottom SP 767.00 the day before this up trend started
on October 10, 2002! 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....
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Attempt
trade for 07/01/2003 Tuesday
<$$$$$$$$$$$$$$$$$$$$$$$>
Stop 976.5, still selling bias,
target 965, 960.
After 960.25 hit, stop 961.50,
reverse to buy side for target 965-966; then reverse to short side again
for target 964-963;
Then stop 962.5, still buying bias,
target 967-668; took profit and reversed to short side with 968.50 stop.
968.50 stopped out 0.75.
After 0.75 stopped out, reversed
to buy side from 968.5 - 968.75 with 968 stop, and carry long for position.
Attempt
trade for 06/30/2003 Monday
<$$$$$$$$$$$$$$$$$$>
Buy 978.25-978.50 with 977.50 stop
at opening, target 983 then reverse to short side, target 974;
then reverse to buy side, target
982 again; then reverse for target 978.
Midday: Stop 979.75, short 979
again, target...MOC day low; carry short over night for target 965, 960,
955.
[Result: Low 971,
high 982.75, close 973.5]
Attempt
trade for 06/27/2003 Friday
<$$$$$$$$$$$$$$$$$$>
Trading range 978-987, buy low,
short high; 978 violation = down trend.
Midday: Stop 98, selling bias,
target 984.5; stop 985.25, more selling; stop 978.75, more selling.
[Result: Morning
low 978.25, afternoon Low 972.50, high 988, close 973]
Attempt
trade for 06/26/2003 Thursday
<$$$$$$$$$$$$$$$$$$>
Stop 971, buying bias, target 983,
987. Expected close either 983 or 979.
[Result: Globex
low 981.25, Low 982.25, high 986.25, close 973.5]
Attempt
trade for 06/25/2003 Wednesday
<$$$$$$>
Globex: This 979 is still intact,
short side should exit and this 979 will be agg support for buy side.
If this 979 is intact thru
globex, it will be the support for buy side at opening. 983 pivot violation
= Target 987, 990-991.
After FOMC: Pivot 986.50 violation
= bearish. Below this pivot = bearish, target 970-967
[Result: Globex
morning low 980.25, high 991.25, low 971.50, close 971.50]
Attempt
trade for 06/24/2003 Tuesday
<$$>
Carried long. Resistance/piovts
985.50
Support/trailing 976
[Result: Low 977,
high 986.75, close 981.50]
Attempt
trade for 06/23/2003 Monday
<$$$$$$$$$$$$$$$$$$$$$$$$$$>
Stop 993, short 992.25, target
985 followed by 975... and ....
[Result: high 992.75,
low 975.50, close 981.50]
Attempt
trade for 06/20/2003 Friday
<$$>
Position short stop/trailing 1002
carried from yesterday
Globex stop 995.75, buy side, took
profit at 1001.
Buy side re-entry after opening
stopped out with 0.75.
If it opened above
998.50, stop will be 997.75-998, for buying bias, target 1006.50 ...(pivot
1002 violation will confirm this 1006 testing.)
Midday: Try to
short 10:00 to 10:40 for target 993-992; then reverse to buy side scalping
for target 996. Add short
and carry short over weekend for more selling on Monday
[Result: Globex
Low 995.75, high 1001.50, day high 1001.50, low 900.25, close 901.50]
Attempt
trade for 06/19/2003 Thursday
<$$$$$$$$$$$$>
Globex support 1006, buy side,
target 1011, 1012...1014.... 1016-17 followed by a reversal down.
After opening: Support 1006, if
broken = reversal down.
Midday update: 1001.50 stop, selling
bias, target 997...993.50....
Position long entered at 902.75
(on April 28) exited at 1001 and reversed to short position with short
stop 1002.
[Result: Globex
Low 1007.25, globex high 1012.75, day high 1010.25, day low 991.25, close
993.50]
Attempt
trade for 06/18/2003 Wednesday
<$$$$$$$$$$$$>
Globex support 1007.50 target 1012.50.
After opening: Stop 1008, selling
bias, target 1004; then reverse to buy side, target 1013. Expected close
1008.
[Result: Globex
Low 1008, globex high 1012, day high 1014.50, day low 1003.50, close 1008.25]
Attempt
trade for 06/17/2003 Tuesday
<$$>
Globex support 1006.75, buying
bias, target 1015, 1020; then reverse to short side for target 1005-1004.
[Result: Globex
Low 1008.25, high 1015.75, day low 1005.50, close 1010]
Attempt
trade for 06/16/2003 Monday
<$$$$$$$$$$$$$>
Globex: trading range 985-989.
Long carried from last week just use 985 trailing.
Support/stop 985, still buying
bias, 989 violation = target 916-918.
If it opened above 988.75, then
buy buy buy.
Morning: stop 991, more buying
target 1006.
Midday: stop 1001.25, more buying
for higher high.
[Result: Low 985.50,
high 1010, close 1009.50]
Attempt
trade for 06/13/2003 Friday
<$$$$$$$$$$$$>
Support/stop 996, still buying
bias, target 1001, 1005, then reverse to short side, target 991, 985.50.
Midday: 988.50 resistance, short
again, target 981.50; expected close 988.50
Attempt
trade for 06/12/2003 Thursday
<$$$$$$$$$$$$$>
[September 2003 contract] Support/stop
996, still buying bias, target 1005, and reverse to short side, target
996, 990.
Midday: Resistance 998.50, short
selling, target 991-991.75; and reverse to long
After midday: Stop 900.25, buying
bias, target 996.50-997.50, and carry long overnight for more rally.
[Result: Low 989.50,
high 1003.50, close 999]
Attempt
trade for 06/11/2003 Wednesday
<$$$$$>
Support/stop 983-84, still buying
bias, target 991, and 995 before Thursday morning.
[Result: Low 982,
high 998, close 997.50]
Attempt
trade for 06/10/2003 Tuesday
<$$$$$>
Support/stop 975-976, buying bias,
target 987-988; target 995 Thursday morning.
[Result: Low 976.25,
high 987.50, close 987]
Attempt
trade for 06/09/2003 Monday
<$$$$$>
As
stated on last Friday, it would plunge 35~40 points. Short carried from
last Friday Pivot 989.25, exit above 989.25, short below 989.25, target
984.50. 984.50 violation = 976, 971
Attempt
trade for 06/06/2003 Friday
<$$$$$$$$$$$$$$$$$$>
Trend is still UP. Globex stop
989, buy 990, target 994 profit taken, then pulled back to 990-991, bought
again, for target 998, 1002, 1004, ...
..reversed to short 1005, 1000,
for target 990; then bought again 990-989.50 with 989 stop and took profit
at 998-997.
995.50 violation, shorted again
994.50, shorted again 989, ... carry overnight.
[Result: Globex
Low 989.50, day high 1008, day low 986. close 987.50]
Attempt
trade for 06/05/2003 Thursday
<$$$$$>
Trend
is still UP. Support 978, still buying bias, target 996, 988, and 999
before weekend.
[Result:
Low 977.50, high 991.50, close 991]
Attempt
trade for 06/04/2003 Wednesday
<$$$$$>
Trend
is still UP. Stop 968.50-969, buying bias, target 980, 982-985
[Result:
Low 970.25, high 988, close 986]
Attempt
trade for 06/03/2003 Tuesday
<$$$>
Globex
low 964.25 is holding. Agg trade: support 964.50, try to sclap buy into
970-971 risking less than 0.75, then reverse to short scalping from 970-971.
Try to rsik less than 0.75.
964.50
support area, buy side target 971; then reveres to short from 970-971
for target 964-965
Attempt
trade for 06/02/2003 Monday
<$$$>
Buy
side: Support 961, target 965, 968... 982.
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