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Trade for 03/31/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1121, buying bias, target 1127, 1130; then try to use 1130 stop to short. If it opened below 1127 then use 1127 stop to short selling, target 1121.

At Opening: Stop 1127, selling into 1121 target; then buy below 1120 with 1119 stop.

Afternoon: Stop 1130, short 1129.50, target 1125 again; then buy below 1125 with 1124 stop.

[Result: Globex low 1121.25, Globex high 1129, day low 1119.75, Day high 1129.50, closed 1127]

Trade for 03/30/2004 Tuesday <$$$$$$>

Globex: Stop 1121, scalp short. Dont be obsessed with short side.

At Opening: Stop 1122.5, scalping short side, target 1118.50 took profit.

Midday: Stop 1119.50, buying bias...

[Result: Globex low 1117.5, Globex high 1120, day low 1118, Day high 1126.75, closed 1126]

Trade for 03/29/2004 Monday <$$$$$$$$$$$>

Globex: Stop 1103, buying bias, trend is still up, target 1120.

At Opening: Stop 1112, still buyig bias, target 1125.

[Result: Globex low 1106, Globex high 1110.50, day low 1112.50, Day high 1123.50, closed 1121.75]

Trade for 03/26/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Trading range 1104-1108; try buying bias. Trend is UP.

At Opening: Stop 1103, buyig bias, target 1112. Expected closing range 1109.

Midday: Stop 1108, still buying bias, target 1112; trend is up; 1105 trailing for position long.

[Result:, Globex low 1104.50, Globex high 1108, day low 1104.25, Day high 1114, closed 1106.50]

Trade for 03/25/2004 Thursday <$$$$$$$$$$>

Globex: Stop/support 1089.75, buying bias, target 1093, 1095, 1097

At Opening: Use 1098.50 stop, scalping to 1094-93.5 and reverse to buy side with 1092.50 stop.

Midday: Stop 1095.50, still buying bias, target 1103-1104

After midday: Stop 1102, still buying bias, target 1109.

[Result:, Globex low1090, Globex high 1098, day low 1093.75, Day high 1109.25, closed 1106.50]

Trade for 03/24/2004 Wednesday <$$$$$$$>

Globex: Agg trade Stop 1087.75, buying bias, target 1093, 1095. 1097

At Opening: Support/stop 1088, still buying bias, target 1093. 1095; resistance at 1095.75; if market can not break 1095.75 before 7:15, it will be choppy and turning bearish.

Morning: Stopped out twice with 0.5 ~0.75 loss with scalping.

Midday: Stop 1090, buying bias, target 1098-99; stop 1092, buying bias, target 1098-99.

After midday: Stop 1093.75, selling bias, target 1087 target and reversed to buy side.

[Result:, Globex low1087.75, Globex high 1095.25, day low 1084.75, Day high 1097.50, closed 1091.50]

Trade for 03/23/2004 Tuesday <$$$$$$$$$$$$$$$$>

Globex: Stop 1095.50, selling bias, target 1091; stopped out 1 point.

At Opening: Stop 1100.50, selling bias, target 1092

Midday: Stop 1092, buying bias, target 1098.

After midday: Trading range 1100-1095; 1095 violation = reversed to short selling target 1088-89.

[Result:, Globex low1091, Globex high 1100, day low 1091, Day high 1100.25, day , closed 1091.50]

Trade for 03/22/2004 Monday <$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1110, selling bias, target 1100

At Opening: Stop 1102, selling bias, target 1098.50, 1092; then reverse to buy side from 1092, took profit 1098;

After midday: Stop 1095.25, selling bias, target 1087.

Afternoon: Stop 1095.25, still selling bias, target 1090; stop 1090, buy side for 1095.

[Result:, Globex high 1097, Day high 1102, day low 987.50, closed 1093.50]

Trade for 03/19/2004 Friday <$$$$$$$$$$$$$$>

Globex: Stop 1119, buying bias, target 1127.50 (Globex low 1120, high 1127.25)

At Opening: Stop 1122, selling bias, target 1115-6

after opening: Stop 1120.25, short selling, target 1115.50

Midday: 1115 support and 1120 resistance; try to trade this range

Afternoon: 1115 violation = 1115.50 stop, selling bias, target 1110

Afternoon: Stop 1113.50, selling bias, target 1108; market will close any day low.

[Result:, Day high 1121, day low 1106.50, closed 1107.50]

Trade for 03/18/2004 Thursday <$$$$$$$$>

Globex: Stop 1119, buying bias, target 1127

At Opening: Stop 1122 selling bias, target 1111

Midday: Stop 1112, buy side, target 1120..., 1127.50

....

[Result:, Day high 1127, day low 1111, closed 1123]

Trade for 03/17/2004 Wednesday <$$$$$$$$>

Globex: Stop 1107, buying bias, target 1122

At Opening: Stop 1111 and 1112.50, buying bias, target 1122.

[Result: Globex low 1109.50, Globex high 1115, Day high 1123.50, day low 1113.50, closed 1120]

Trade for 03/16/2004 Tuessday <$$$$$$$$> FOMC

Trade for 03/15/2004 Monday <$$$$$$$$$$$$$$>

Globex: Trading range 1120-1113.

At Opening: Stop 1116, selling bias, try to short 1105, 1105.50, target 1105, 1101

Midday: Stop 1110.50, still selling bias, target 11105-1101; expected closing 1105-1104

[Result: Globex low 1111, Globex high 1118.75, Day high 1116, day low 1101.50, closed 1105]

Trade for 03/12/2004 Friday <$$$$$$$$$$>

Globex: Trading range 1102 - 1108, if this 1102 is holding, try to buy for one day bounce. Globex stop for buy side 1102.

Morning: Stop 1108, buying bias, target 1115.

Midday: Stop 1113, buy again 1113.5, target 1119-1120

[Result: Globex low 1101, Day high 1119.75, day low 1109.50, closed 1118.50]

Trade for 03/11/2004 Thursday <$$$$$$$$$$$$$$$$$>

Morning trade after 7:00am: Stop 1116.50, buying bias, target 1124-1125.

At 8:00AM: Keep in mind this is down trend.

After 10:00AM: Use day high 1125.26 as stop for short selling, target 1118, 1117; 1115 violation = short again for 1106 ...1103 target.

[Result: Day high 1125.25.25, day low 1103.50, closed 1104]

Trade for 03/10/2004 Wednesday <$$$$$$$$$$$$$>

Globex: Trading range 1135-40; try to buy low and short high.

After opening: Stop 1142.50, selling bias, target 1131; then reverse to buy sdie with 1135 stop.

Midday: Stop 1135.25 reversed to short side, target 1135; then try to buy 1131 with 1130.5 stop for scalping.

After midday: Stop 1133.25, reverse to short side again, target 1127...

[Result: Globex high 1142.75, low 1135.50, day high 1141.25, day low 1130, closed 1130.25]

Trade for 03/09/2004 Tuesday <$$$$$$$$$$$$$>

Globex: Trading range 1143~48; try to buy low and short high.

After opening: Stop 1147, selling bias, target 1136-37

[Result: Globex high 1147, low 1143, day high 1147.50, day low 1136.25, closed 1139]

Trade for 03/08/2004 Monday <$$$$$$$$$$>

Globex: Trading range 1155~1160; try to buy low with 54 stop and short high.

After opening: Then Stop 1160, selling bias, for target 1145-1146; If this 1160 is not violated by 7:30, we will be on selling bias with 1158.75 stop for target 1153-1152; 1153.50 violation = 1147 target.

Midday: Bounce to 1151 area short again, for target 1147; trailing 1151.5 for lower target.

[Result: Globex high 1159.75, low 1145.50, day high 1158.75, day low 1143, closed 1143.50]

Trade for 03/05/2004 Friday <$$$$$$$$$$>

Globex: Stop 1155.25, short scalping target 1152, 1148.

After opening: Then Stop 1150.25, short at 1149.75, target 1146-47. (stopped out).

Reversed to buy side with 1153.50 stop, target 1160-1161. Shorted again at 1161, stopped out 0.75.

After 1158 violation, reverse to short after 1157.25, target 1151, profit taken.

Short again 1160 with 1160.75 stop, target 1155.

Then 1153.50 stop, buying bias for target 1157.50-58.5 and 1160, Stick to buy side.

[Result: Day low Globex high 1155, low 1146.50, day high 1163.50, day low 1151, closed 1157.75]

Trade for 03/04/2004 Thursday <$$$$$$$$$$$>

Stop 1148.50, buying bias, just buy as close to 1149.25 as possible, target 1155-1156.

[Result: Day low 1149.25, high 1155.25, closed 1154.50]

Trade for 03/03/2004 Wednesday <$$$$$$$$$$$$>

Globex: Trading range 1150~1145; try to short with 1150.25 stop and buy with 1145 stop.

At opening: Stop 1148.50, short selling, target 1145.50 and reverse to buy side for target 1148-49.

Buy side stopped out breakeven and reversed to short selling with 1146.75 stop, for target 1143.

Short side target 1143, then reversed to buying bias, for target 1152 profit taking.

Midday: Stop 1144.50, try to buy again 1145, target 1152.

Afternoon: Stop 1148.50, still buying...and try to trade between 1153.5 - 1148.5.

[Result: Globex low 1145.25, Globex high 1149.75, Day high 1152.75, day low 1143.25, closed 1150.50]

Trade for 03/02/2004 Tuesday <$$$$$$$>

Globex: Support 1153.50, buying bias, target 1160-1161. Exited 1154 breakeven.

At opening: Watch out ! choppy opening. Try to trade 1156 ~ 1152 trading range ; buy low and short high; 1143.25 violation, reversal to short selling with 1143.74 stop, target 1148.50-1149; cover 1149.50 area with 1148.75 stop for target 1152....

[Result: Globex low 1153.50, Globex high 1158.50, Day high 1157, day low 1146.75, closed 1158.75]

Trade for 03/01/2004 Monday <$$$$$$$>

After opening: Stop 1146.50, buying bias, target 1152-53 before 7:30AM; pull back buy agian, target 1158~60

Midday: Stop 1149.50, still buying bias, target 1158-1160.

[Result: Globex low 1142.75, Globex high 1148 after report. Day high 1152, day low 1130.25, closed 1144.75]

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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.