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Trade for 05/28/2004 Friday <$$$$$$$$$$>

Night session: Trading range 1117-1124.

After Opening: Stop 1121.50, scalp shot to 1118-1117 and buy with 1117 stop.

[Result: Evening high 1123.5, evening low 1118.75, day high 1123.5, day low 1117.25, closed 1123]

Trade for 05/27/2004 Thursday <$$$$$$$$$$$$$$$$$$$$>

Night session: Support 1113-1115, still buying bias, target 1120.

After Opening: Stop 1115, buying bias, target 1123.

Midday: Stop 1121, short 1120.50, target 1115;

then reverse to long below 1115, target 1120, 1124.

[Result: Evening high 1120, evening low 1115, day high 1124.75, day low 1114.50, closed 1122.50]

Trade for 05/26/2004 Wednesday <$$$$$$$$$$$>

Night session: Trading range 1108-1113. Stop 1107, still buying bias, target 1115

After Opening: Narrow trading range. stop 1108, buying bias, target 1115.

Midday: Stop 1109-1110, still buying bias.

[Result: Evening high 1113, evening low 1108.75, day high 1117, day low 1109.25, close 1116]

Trade for 05/25/2004 Tuesday <$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1098, selling bias, target 1095, 1091.

After Opening: stop 1094.50, short 1093.5 again, target 1090.50

Midday: Stop 1094-1095, buying bias, target 1101, 1106-1107...

[Result: Evening high 1097.25 after our posting, evening low 1091; Day high 1113.75, day low 1090. closed 1112]

Trade for 05/24/2004 Monday <$$$$>

Night session: Stop 1092.50, buying bias, target 1100.

After Opening: stop 1099.50, short scalping; stopped out 1 point.

Afternoon: Stop 1092.50, try buy side, target 1096

[Result: Evening high 1100, evening low 1092.75; Day high 1101.75, day low 1091.25. closed 1097]

Trade for 05/21/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1088, buying bias, target 1095, 1098.

After Opening: stop 1090, buy 1091, target 1098.

Midday: Stop 1098.25, short side, target 1094-1093. Expected closing 1092-1093.

[Result: Evening high 1099.50, evening low 1088.50; Day high 1099.75, day low 1088.75. closed 1093]

Trade for 05/20/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1084, buying bias, target 1090

Opening: Stop 1084, still buying bias, target 1092-1094.

Midday: Stop 1084, buy 1095.50, target 1090-1092. Expected closing 1090-1091.

[Result: Evening high 1090, evening low 1094; Day high 1092.75, day low 1084.50. closed 1090]

Trade for 05/19/2004 Wednesday <$$$$$$$$$$$$>

Night session: Stop 1089, buying bias, target 1095, 1100 before 7:00AM

Opening: Stop 1095.50, buying bias, target 1105

After opening:stop day high 1105.50, scalp short side from 1105 to target 1100

Afternoon: Buy side 1098.50, stopped out 1 point; then stop 1098.75, reversed to short, target 1094, 1092... 1087.

[Result: Evening high 1101, evening low 1090.25; Day high 1105.50, day low 1085. closed 1085.50]

Trade for 05/18/2004 Tuesday <$$$$$$$$$$$$>

Night session: Stop 1085, buy side, target 1095, 1100.

Opening: Stop 1086.50, buying bias, target 1095;

After opening: Stop 1090, buying bias, buy 1091 or lower, target 1094-95. Expected closing range 1092

[Result: Evening high 1094.50, evening low 1084; Day high 1094, day low 1087.50. closed 1090.25]

Trade for 05/17/2004 Monday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1095.50, selling bias, target 1088, 1085...

Opening: Stop 1097.50, still selling bias, target 1077;

Bouncing: Try to short again 1089, target still 1085, 1077; expected closing range 1085-1084.

[Result: Evening high 1094.50, evening low 1078.50; Day high 1090, day low 1078.25. closed 1085.5]

Trade for 05/14/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1095.50, selling bias, target 1088-1087

At opening: Stop 1098.50, selling bias, target 1088-1089 again.

After 8:00: Stop 1098, short selling 1098 again, target 1091.

Midday: Stop 1097, short again, target 94-95.

Midday: stop 1098.50, short again; stopped out 1 points.

Afternoon: Stop 1101.50, short 1100.50, target 1094; expected closing 1093.50-1095.50

Final hour: If closed below 1095.50, then stop 1095.50 for Sunday, selling bias, target 1085...

[Result: Evening high 1095.25, evening low 1085.25; Day high 1102.25, day low 1087.25. closed 1094.25]

Trade for 05/13/2004 Thursday <$$$$$$$$$$$$$$$$$$$>

Night session: Trading range 1099.50-1093; stop 1099.50, short selling bias, target 1094-1093.

At opening: Stop 1091.50, buying bias, target 1095.50; then reverse to short side, stopped out 1 pt. Reverse to buy side from 1089.50 for target 1102-1103.

Midday: Trading range 1096-1091

Afternoon: 1098 resistance for short side.

[Result: Evening high 1099.50, evening low 1091.25; Day high 1103.25, day low 1090.50. closed 1094]

Trade for 05/12/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Expected trading range 1094-1088; try to short high and buy low.

At opening: Stop 1091.50, Short from 1091, target 1084; then short again 1087 for target 1075.

Afternoon: Stop 1074.50, buying bias, target 1086....

[Result: Day high 1091, day low 1075.25. closed 1091]

Trade for 05/11/2004 Tuesday <$$$$$$$$>

Night session: stop 1080.50 and stop 1083, buying bias, target 1090.

At opening: Stop 1087, buying bias and Stop 1091, short selling, stopped out 1 point.

Afternoon: 1095 resistance, short side, should take out day high by 1 tick, target 1092-1093 closing range.

[Result: Night low 1083.25 after posting, Day high 1095.25, day low 1087.50. closed 1091.75]

Trade for 05/10/2004 Monday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Still selling bias for target 1090, 1080

At opening: Stop 1090, selling, and take quickie profit; then stop 1092 short selling again for target 1080-1078

Then reverse to buying bias, from 1080, target 1090.

After midday: Short again 1085, target 1081.

afternoon: 80-85 trading range

[Result: Day high 1091, day low 1078. closed 1083]

Trade for 05/07/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: Trading range 1111~1117. Buy side 1111 stopped out 1 pt.

At opening: Stop 1117, selling bias, target 1098. Bot from 1105, 1110, took profit 1117. Shorted from 1113 target 1105; bot again target 1112; 1109 violation = target 1098.

Afternoon: Stop 1104, 1112 shorted again and 1107 shorted again for target 1098 ! Bingo!

Final hour: 1098.75 short again, target MOC.

[Result: Day low 1094.50, day high 1117. closed 1094.50]

Trade for 05/06/2004 Thursday <$$$$$$$$$$$$$$$$$$$$>

Night session: 1123.5 stop for selling bias, target 1118; 1117.5 stop for buy side target 1123. Buy side stopped out 1 point.

At opening: 1118 stop, selling, target 1115-1114; then followed by 1113.50 stop for buy side.

Followed by stop 1119, short selling from 1118.50, target 1113; then reversed to buy side; 1113 violation, then stop 1114.50, shorted from 1113.50 again, target 1105.

After midday: Stop 1105.50, buying bias, target 1111-1112.

Afternoon: Stop 1117, can short again 1116 for 1113 target closing.

[Result: Globex low 1114.50, globex high 1122.50, Day low 1104.50, day high 1118.75. closed 1113]

Trade for 05/05/2004 Wednsday <$$$$$$>

Night session: Support 1113 for buy side, target 1119; 1119.50 stop for short side, target 1114. After midnight, stop 1117.50, short selling again (stopped out 0.50 point).

opening: Stop 1119.75, selling bias, target 1116.50. Then buy 1121.50 for target 1123.50. Then shorted from 1123 to 1118. Expected closing 1121.

...

[Result: Globex low 1112.50, globex high 1120, Day low 1116, day high 1124.50. closed 1122.25]

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

Night session: Stop 1114 for buy side, target 1119; 1120 stop for short side, target 1115.

Pre-opening: Stop 1120.25, selling bias, target 1113.

After FOMC: Stop 1116.50, selling bias, target 1113-1112; 1/2 profit and 1/2 stopped out 1-2 pts. Shorted again 1120-1119, took profit 1117.

Midday: Buy 1123, target 1127-1128. Pulled back to 1123 buy again, stopped out 0.50 point; and reversed to short for target 1115.

[Result: Globex high 1119.25, globex low 1113.25, Day low 1112, day high 1128. closed 1114.50]

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

Night session: Stop 1111, short selling, target 1105.

At opening: Stop 1111, try to short again. Stopped out 1 point.

After 8:00: try short again 1117, target 1114, 1112.

[Result: Day low 1104.25, day high 1118. closed 1116]

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]

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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.