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Trade for 01/30/2004 Friday <$$$>

At Globex: Stop 1132.50, short selling bias, target 1127.

At opening: Stop 1132.50, short selling bias, target 1127.

Stopped out a couple of times by 0.5~0.75 pt in the middle of the range durning the day.

[Result: Globex high 1132.25, Globex low 1127, day low 1126, day high 1132.25, close 1130.75]

Trade for 01/29/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Stop 1130, short selling bias. (stopped out 0.50)

At Opening: Stop 1132.75, selling bias, target 1126.

Midday: Stop 1128, selling bias. (stopped out by 0.5); then shorted again from 1124 to 1120.

Afternoon: Stop 1122, buying bias, missed long by 2 pts.

Then Stop 1124, buying from 1124.75 for targte 1132. Took profit 1130.

Then Stop 1124 still, buying again, for target 1132.

Final hour: Try to scalp 1133 to 1130.

[Result: Globex high 1133, Globex low 1127, day low 1120, day high 1133.75, close 1130.50]

Trade for 01/28/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Stop 1143.50, short selling bias ,target 1140. (3 pts profit)

At Opening: Stop 1147.75, selling bias, target 1140. (Stopped out 0.75).

Midday: Stop 1145, buy 1145.50, target 1147 scalping.

Afternoon: AFter 1143.50 violation, stop 1145.50, short selling, target 1135, 1125.

[Result: Globex high 1145, Globex low 1137, day low 1124.50, day high 1148, close 1129]

Trade for 01/27/2004 Tuesday <$$$$$$$$$$$$$$$>

At Globex: Stop 1155.25, short selling bias ,target 1150-1149.

At Opening: Stop 1144 short side selling, first target 1150; followed by 1147; 1147 violation = 1143.5 target.

[Result: Globex high 1154.75, Globex low 1151, day low 1142, day high 1154, close 1142.50]

Trade for 01/26/2004 Monday <$$$$$$$$>

At Globex: 1142 stop, short selling bias.

At Opening: Stop 1142 short side (stopped out 0.50);Stop 1143.50 stop, short selling, first target 1140.50, 1139.

Afternoon: Short side stopped out 1143.5; followed by reversing to buy side with stop 1142.50, buying bas ,target 1148.

[Result: Globex high 1141.75, Globex low 1138, day low 1139.50, day high 1155, close 1154.25]

Trade for 01/23/2004 Friday <$$$$$$$$$$$$$$$$>

At Globex: 1139 stop, buy side, target 1148, if 1143 is broken.

At Opening: Stop 1146.50, short selling; stopped out 0.75.

After 7:00: Stop 1148.50, selling bias, target1143-1144.

Afternoon: Stop 1143.25, buy side scalping. Stopped out 0.50; then reversed to short side with 1143.50 stop, target 1135. Followed by 1141 stop, shorting again, target 1135.

[Result: Globex low 1140, day low 1134.50, day high 1149.50, close 1140]

Trade for 01/22/2004 Thursday <$$$$$$$$$$$$>

At Opening: Stop 1148.50, selling bias, target 1143, 1141, 1140; stopped out and shorted again.

[Result: day low 1132.50, day high 1149.50, close 1143.75]

Trade for 01/21/2004 Wednesday <$$$$$$$>

At Opening: Stop 1138.75, selling bias, target 1135, 1133.50.

Midday: Stop 1143, short scalping, stopped out 0.75.

Afternoon: Stop 1139.50, buying bias, target 1143; 1143.50 violation = breakout.

Final Hour: Stop 1143, still buying bias, for double top testing.

[Result: day low 1132.75, day high 1148.75, close 1145.50]

Trade for 01/20/2004 Tuesday <$$$$$$$$$>

Globex: Stop 1135, buy side, target 1141; stop 1142.50, short side, target 1135.

At Opening: Stop 1142.50~1143, selling bias, first target 1138, 2nd target 1133.50..

[Result: day high 1142.25, day low 1133, close 1137.50]

Trade for 01/16/2004 Friday <$$$$$$$$$$$$$$$$$$$$> Monday Holiday.

Globex: Stop 1133.50, short side stopped out 1 point.

Pre-Opening: Stop 1137.50, selling bias, target 1132.50; then 1132 stop, reverse to buying bias, target 1140. After 8:30, buying bias.

[Result: day high 1139, day low 1132, close 1138.75]

Trade for 01/15/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1125, buying bias, target 1131-32.

After opening: Stop 1133-1134, selling bias, target 1125.

Then Stop 1128.5, short again; stopped out 1 point.

Midday: Stop 1127, buying bias, target 1132.

After 10:50, Stop 1136, short 1136, for target 1132, 1130, 1129; then 1128.50 stop, reverse to buy side.

[Result: globex low 1125.25, globex high 1132.50, day high 1136.50, day low 1123, close 1133]

Trade for 01/14/2004 Wednesday <$$$$$$>

Globex: Try to short 1123 for target 1119.50 and Try to buy 1119.25, target 1123, violation = 1125.

After opening: stop 1125.25, short side, target 1122; followed by 1123.75 stop for buy side target 1127; report to short side 1126 with 1126.75 stop, target 1123.

Afternoon: Stop 1124, target 1128-29; followed by trailing 1126, target 1131.

[Result: globex low 1119.25, globex high 1124, day high 1132.50, day low 1122.75, close 1131.50]

Trade for 01/13/2004 Tuesday <$$$$$$>

Globex: trading range 1130-1125; try to short high and buy low.

Pre-opening: Stop 1130.25, selling bias, target 1125; 1125 violation = 1122 target 1122 violation =1117 target.

Afternoon: Stop 1119.50, selling bias, target 1113.

Afternoon: Stop 1115, buying for scalping, target 1119.

[Result: globex low 1126.25, globex high 1129.50, day high 1121.50, day low 1113.50, close 1121.50]

Trade for 01/12/2004 Monday <$$$>

Globex: 1123.50 stop, short side, target 1115

At opening: One day correction, might close above 1125 for today. Try to short at opening with 1124 stop and reverse to buy side at 1117 for possible closing above 1125.

Midday: Try to scalp this 1120~25 trading range, short high and buy low.

Trade for 01/09/2004 Friday <$$$$$$$$$$$$$$>

Globex: Support/stop 1125, buying bias before Job report.

Pre-opening before job report: Watch out, possible day low closing, any low closing.

After opening: Stop 1125.50, short selling, target 1121. Stopped out 1 point. Bounced to 1128 short again with 1129, took profit 1125.

Midday: Stop 1126, buy scalping for target 1128-1129.

After 10:00AM, Stop 1130.75, short 1130, target 1126.

After 11:00AM, Stop 1127.5, selling bias, target 1122-20.

Afternoon: Bounce to 1123-24 short again for day low closing.

[Result: globex low 1126.25, globex high 1131, day high 1130.50, day low 1119, close 1120]

Trade for 01/08/2004 Thursday <$$$$$$$>

Globex: Trading range 1127-1122. Short side 1127 stopped out.

Pre-opening: Stop 1131.75, short selling, target 1124

After opening: Stop 1129.75, selling bias, target 1124.

Midday: Trading range 1124.5- 1128.50. Stick to buy side.

Afternoon: Stop 1124.50, buying bias.

[Result: globex low 1125.50 globex high 1131, day high 1131, day low 1123.50, close 1129]

Trade for 01/07/2004 Wednesday <$$$>

Trading range 1123-1118, try to short at high, target 1118, and 1115 if 1117 is broken; took profit at 1115.

Bounce to 1117.50, short again, with 1118.25 stop. (stopped out).

Trade for 01/06/2004 Tuesday <$$$>

Trading range 1117-1121, try to scalp short at high and buy at low, risking 0.50.

Afternoon: Stop 1119.75, buy side, target 1124.

Trade for 01/05/2004 Monday <$$$$$$$$$$$>

If it opened above 1109 at glboex, stop 1109.25 still buying bias, for target 1115, 1120.

[Result: globex low 1108.75, day high 1121, day low 1101.75, close 1120]

Trade for 01/02/2004 Friday <$$$$$$$$$$$>

If it opened above 1109 at glboex, it will be buying bias, for target 1115, 1120.

At day session opening: Stop 1111, buying bias, target 1119-1120.

After 8:00 - Stop 1118, scalping short side risking 0.5, breakeven trailing for target 1112-13. Take profit 1116-1115, bounce to 1117 short again.

Midday: Take profit 1112-1113 and reverse to buy side again. Stopped out by 1 points. Followed by 1113.75 stop and 1112 stop, for selling bias, target 1109, followed by target 1104-5.

35 mins before closng: Stop 1105, buy side, target 1108.5-1109.

[Result: globex low 1111, globex high 1115.75; day high 1118, day low 1103.75, close 1108.75]

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The 6th Year of Accuracy

The following are what we have called for year 2003. We have called the yearly low on March 12 bottom and the yearly high 1100 or higher. Please click here for detail.

 

<3/11/2003 Tue > Keep in mind shorting at 808 area could be tempting, but market is working on major daily reversal up. Any short attempt could kick a trader out of the up trend game. We have had enough shorting trades for past 3 months don't be obsessed with it again, at least for a day or two.

Attempt trade for 03/11/2003 Tuesday Globex and opening: Stop 812, selling bias, target 800. Afternoon: Stop 807.75, short again, target 800-798. [Result: Globex high 812, day high 814, low 799, close 800.50]

<3/12/2003 Wed> Attempt trade for Wednesday: support 785-788, buying bias, target 826-828

<3/13 Thu> We called: Up trend started!

<5/01/2003 Thu> It is not what it looks like. Don't try to call top! We still stick to up trend

<6/03/2003 Tue> Warning: Don't be obsessed with calling top. A lot of Fib analysts have been trying to call a top for last 4 weeks and all failed. It is exactly the same behavior when market trend is down and they would keep calling the bottom. They could be right once after calling 10 times wrong.

<7/13/2003 Sun> Main trend is up, short term trend is in correction/consolidation mode.

<8/24/2003 Sun> Keep in mind main trend is still up. Pull back is just for correction only. 1020, 1050, 1065,...

<9/02/2003 Sun> Still up trend. Pivot 999, target 1020, ...

<9/07/2003 Sun> Main trend is still up, major support 1003. It is in correction/consolidation mode now. Try to buy again after correction. (September contract is to roll over to December on Thursday. Symbol: ES03Z)

<10/27/2003 Mon> A lot ofanalysts are calling sp 950, just DO NOT listen to them.

<10/30/2003 Thu> After breaking this 1040 and staying above it, market has completed the correction. This morning's strong GDP report confirmed this sp 1100 and higher before year end. Last week's correction hit 1016 only, we don't think it will be tested again with this strong GDP report. Should stick to buy side. Bigger picture: SP 1100 before x'mas. If there is one more pull back for correction in next 2-3 days, we don't think it will violate 1030 again. strong support 1040 and 1030-1035.