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Trade for 04/30/2004 Friday <$$$$$$>

Before opening: Stop 1119.75, selling bias, target 1114-13; then reverse to buy side scalping for target 1117.50. This 1112 is a pivot, violation of 1112 = reversal down again for testing yesterday's low.

MIdday: Try 1117.50-1112.50 trading range.

Trade for 04/29/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1123.75; stopped out.

After GDP report: stop 1121.50, selling bias, target 1116; and reverse to buying bias with 1115 stop, target 1127; and take profit and reverse to short....

Midday: 1123.50 violation, reverse to selling bias, target 1115-16 and reverse to buy side for target 1120;

Afternoon: Reverse to short selling again from 1121 with 1121.75 stop, target 1106.

Final hour: Stop 1107, reverse to buy side for 1113 target.

[Result: Day low 1115.50, day high 1128. closed 1113.75]

Trade for 04/28/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1139, selling bias, target 1126, 1121

At openning: Stop 1135.5, still selling bias, target 1126

After opening: Stop 1132, still selling bias, short 1130-1129 again, target 1121.

Afternoon: Still selling bias, target 1121.

[Result: Globex high 1138.25, low 1133, Day low 1120, day high 1134. closed 1123.25]

Trade for 04/27/2004 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Wait for tomorrow 7:00AM report.

At Opening: If report is good, stop 1138, buying bias, target 1146..1149; profit taken 1146; pull back buy again 1143.

After 1143 violation, reverse to short selling bias, target 1135-1136

Midday: Bounce to 1139 area short again, target still 1135.

Closing: Still selling bias tomorrow, target 1121.

[Result: Day low 1124.75, day high 1146.50. closed 1138]

Trade for 04/26/2004 Monday <$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Trading range 1136-42, short high, buy low.

At Opening: Stop 1141.50, short selling ,target 1138. (Stopped out 1 point); Stop 1134.50 buy 1135.50, target 1139.

After opening top 1144.25: Stop 1144, try short 1143, target 1135.

Midday: Stop 1136.25, short again, target 1132; bounce to 1135.5 short again. Expected closing 116-1137.

[Result: Globex high 1140.25, low 1138, Day low 1131, day high 1144.25. closed 1138]

Trade for 04/23/2004 Friday <$$$$$$$$$$$$$$$$$$$>

Night session: Trading range 1142-1137, short high, buy low.

At Opening: Stop 1141, short selling ,target 1136, 1134.

After opening: Keep scalping short side for lower low each time by 1 tick.

Midday: Give a shot buying 1133.5-1134, target 1138-1140; because expected closing range 1138-1140.

[Result: Globex high 1142.25, low 1138, Day low 1133.5, day high 1140.50. closed 1139]

Trade for 04/22/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Support 1117, 1119, 1121, buying bias, target 1127, 1133...

At Opening: 1124- 1118 trading range; try to short high and buy low; overall we favor buy side for possble 1133 target.

After opening: 1123.50 violation; then 1123.50 stop, buying bias, target 1133... and 1144.

[Result: Globex high 1125.50, low 1118, Day low 1118.50, day high 1142. closed 1137]

Trade for 04/21/2004 Wednesday <$$$$$$$$$>

Night session: Stop 1121, selling bias.

After the Opening: Stop 1118.75 stop, short 1118, target 1114-1115; then bounce to 1121, short again (stopped out 0.75); followed by anoher short from 1121-1122, took profit 1115. Expected closing 1120-1121.

Then followed by stop 1119, buying for target 1124.

Midday: scalping between 1119-1124; expected closing 1120-1121. Closing above 1122 = bullish.

[Result: Globex high 1129.50, low 1115.50, Day low 1114.50, day high 1124.75. closed 1122.50]

Trade for 04/20/2004 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1130, still buying bias, target 1134, 1137

Pre opening: Stop 1134, buying near 1135, target 1138.5 again, then 1141...

After the Opening: Profit taking 1138.5; short scalping 1137.5 is ok.

Midday: After 1134-1133 violation, reversed to selling bias, target 1121; 1121, 1115, 1113.

[Result: Globex high 1138, low 1132.25, Day low 1113, day high 1138.75. closed 1116.50]

Trade for 04/19/2004 Monday <$$$$$$$$$>

Night session: Stop 1130, buying bias, target 1135-36.

Pre opening: Try short scalping.

After the Opening: scalping range 1133-1128. (Stopped out once 0.25 loss)

Midday: Support 1129.50, buying bias.

[Result: Globex high 1134, low 1130.25, Day low 1128.25, day high 1135.50. closed 1133.25]

Trade for 04/16/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1121, buying bias, target 1135-36 before 8:00AM PST

Pre opening: Stop 1124, still buying bias, target 1136.

OPening: Stop 1124-25, still buying bias, target 1133 took profit and short from 1133 to 1131; then reverse to buy again for target 1136.

Midday: Once 1136 target is hit, reverse to short selling with 1137 stop, target 1132. ...

[Result: Globex high 1128.50, low 1122, Day low 1125.25, day high 1136. closed 1133.75]

Trade for 04/15/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: stop 1132, short 1131.5, target 1127; then reverse to buy side with 1127 stop. (short side profit, buy side stopped out 0.5)

Pre opening: Stop 1132 again, short 1131.75, target 1126-1127. (Profit)

OPening: Short again 1131.50; stopped out 1 point.

Afternoon: Short selling, target 1121; bounced shorted again; below 1120 reverse to buy position, target 1128;

Pulled back to 1124-25, buy again for 1128. Keep in mind expected closing range 1125.25.

[Result: Globex high 1131.50, low 1126.50, Day low 1119, day high 1133.50. closed 1124.75]

Trade for 04/14/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Pre opening one hour before the opening: Stop 1128.50, selling bias, target 1121; Then reverse to buying bias target 1130-1131 before 8:30am.

Midday: Stop 1132, short 1131, target 1121 again.

Afternoon: 1120 support, buying bias, expected closing range 1128.50

[Result: Globex high 1130, low 1125, Day low 1120.75, day high 1132. closed 1129.25]

Trade for 04/13/2004 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1141, buying bias, target 1149-1150. After midnight stop/trailing 1144.75, target 1150; if it opened above 1150, then higher target possible.

Pre opening: Stop 1150.25 or 1151, selling bias, target 1145; 1144.50 violation = more selling bias for target 1140

After opening: Stop 1146.50 stop, still selling bias, target 1141 then reverse to buy side scalping; buy side stopped out 0.5 point and went back to short again. Target 1125 is a sure trade before Wednesday.

Midday: Stop 1141.75, still selling bias, target 1135..., 1125.

Final hour: Stop 1142, short again from 1140.5-1141.

[Result: Globex high 1150, low 1125.25, Day low 1126.5, day high 1150. closed 1128]

Trade for 04/12/2004 Monday<$$$$$$$$>

Globex: Carrying long from last week. Stop/trailing 1134, buying bias, target 42, 45, 1146

At opening: Today's closing should be in 1143-1146. Stop 1143.50, short selling 1142.75-43. Stopped out

Midday: Stop 1146.50, short scalping, target 1142; then reverse to buy side target 1145. Expected closing 1144.50.

Trade for 04/08/2004 Thursday (Friday holiday)<$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1140, buying bias, target 1149-1150.

At opening: Just short 1150 risking 1 point, target 1141; bounce to above 1145 short again.

afternoon: Stop 1143.50 stop, still selling bias, target 1135-1133 then reverse to buying bias for target 1137-38 closing.

[Result: Globex high 1150.50, low 1142, Day low 1133, day high 1150.25. closed 1139.50]

Trade for 04/07/2004 Wednesday <$$$$$$$$$$$$$$>

Globex: Trading range 1142-1148.

At opening: Stop 1146.50, short selling again, target 1138.50; then stop 1135, reverse to buy side.

[Result: Globex high 1146.50, low 1141.40, Day low 1135, day high 1146. closed 1142]

Trade for 04/06/2004 Tuesday <$$$$$$$$$$>

Globex: One day correction is expected for 7-8 points. 1149 for short side, target 1144.

At opening: Stop 1146.50, short selling again, target 1142; and reverse to buy side with 1141 stop. Expected closing 1144.50~1145.

[Result: Globex high 1148.50, low 1141.50, Day low 1142, day high 1147. closed 1144.75]

Trade for 04/05/2004 Monday <$$$$$$$>

Pre-opening: If it opened below 1140, try short side scalping. If it opened above 1140; stop 1139, buying bias, target 1148~1150

[Result: Opened 1140.75, Day low 1140.25, day high 1149.75. closed 1148.50]

Trade for 04/02/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: If 1130 is intact thur 1:00AM, stop 1130, buying bias, target 1140

At Opening: Stop 1145, shorting bias, target 1139; and buy below 1139 with 1138 stop, target 1144; then short again 1144 with 1145 stop for target 1136.

Then reverse to buy side with 1135 support for target 1142;

Midday: Short again from 1141.50 for target 1135.50;

Afternoon: then stop 1135, reversed to long again. Target 1148-1150 still valid next week. Still in long position.

[Result: Globex low 1132, Globex high 1145, day low 1135, Day high 1144.50, closed 1142.50] WE got all swings !

Trade for 04/01/2004 Thursday <$$$$$$$$$>

Globex: Stop 1124, buying bias, target 1131

At Opening: Short scalping stopped out 1 pt; then reversed to buy side with 1129.50 stop, target 1133.

Midday: Stop 1124.50, shorting to 1120.

Afternoon: Support 1126, buying bias, target ....1148-1150 still valid next week. Still in long position

[Result: Globex low 1123.50, Globex high 1128.50, day low 1126.50, Day high 1134/50, closed 1133]

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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.