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Trade for 06/30/2004 Wednsday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$> FOMC meeting, day 2of 2, rate hike 0.25

Night: Support 1130 buying bias, target 1142-1144.

Opening: Stop 1133, buying bias, target 1140, 44.

Midday: stop 1133, buying bias, target 1140-44.

After 0.25 rate hike: Stop 1135, buying bias, target 1144

Final hour: Take profit 1144 and reverse to short from 1144 with 1145 stop for target 1140-1142.

[Result: Night low 1135.50, night high 1138.50, day high 1144.50, day low 1133, closed 1141.75]

Trade for 06/29/2004 Tuesday <$$$$$> FOMC meeting, day 1 of 2

Night: Support 1126-1127 for buy side target 1136; 1136.50 resistance for short side.

Opening: Stop 1134, short side, stopped out; reversed to buy side with 1133 stop, buy below 1134, target 1139; possible closing 1138-1139.

[Result: Night low 1127.75, night high 1144.50, day high 1138.50, day low 1130.50, closed 1136.25]

Trade for 06/28/2004 Monday <$$$$$$$$$$$$$$$$$>

Opening: stop 1129, buying bias, target 1142.5

Midday: Stop 1143.50, selling bias, target 1136-1135. Followed by 1131.50, then 1130.50 stop reverse to buy side scalping for target 1134-1135 profit taking.

Final hour: Support 1127-1126 for buying bias.

[Result: Night low 1136.25, night high 1145.50, day high 1142.75, day low 1131, closed 1131.50]

Trade for 06/25/2004 Friday <$$$$$$$$$$$$$$$$$$>

Night session: Stop 1143.50, selling bias, target 1140. (Profit)

Opening: Stop 1143.50, selling again, target 1138. (stopped out 0.5)

Midday: Stop 1143.50, selling bias, target 1136.

Final Hour: Stop 1139.50, still selling bias, target 1134-35 MOC

[Result: Night high 1143.25, night low 1140.50, day high 1146, day low 1136.25, closed 1135]

Trade for 06/24/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$>

Night session:Stop 1138.50, buy side, target 1145; stop 1146.50 , short side, target 1140.

Opening: Stop 1139, buy side, target 1145.50

Midday: Stop 1146.50, selling, bias, target 1141

[Result: Night high 1134, night low 1141.50, day high 1146.25, day low 1139.50, closed 1141.25]

Trade for 06/23/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$>

Night session: Stop 1132 buying bias, target 1137.

Opening: 1132 stop, still buying bias, target 1140, 1145.

Afternoon: Stop 1124, still buying bias, target 1140, 1145.

[Result: Night high 1135.5, night low 1132, day high 1145.25, day low 1131, closed 1145]

Trade for 06/22/2004 Tuesday <$$$$$$$$$$$$$$$$$>

Night session: Stop 1132.25, selling bias, target 1127, 1125

Opening: 1132 stop, still selling bias, target 1123

Afternoon: Stop 1125.50-1126, buying bias, target 1130, 1133. Expected closing range 1133.50.

[Result: Night high 1131.75, night low 1128.50, morning high 1130.75, day high 1135.25, day low 1123.75, closed 1134.75]

Trade for 06/21/2004 Monday <$$$$$$$>

Night session: Stop 1140.25, selling bias, target 1135

Opening: 1133 support, buying bias, target 1139.

Afternoon: Stop 1134, buy side, exited breakeven. Reversed to short after 1133 violation with 1133.25 stop, target 1130-1129.

[Result: Night high 1139.25, night low 1135.50, day high 1138.50, day low 1128.50, closed 1129]

Trade for 06/18/2004 Friday <$$$$$$$$$$$$$>

Night session: Stop 1132.50, selling bias, target 1136.5-1137. If 1136 is intact is intact thru glboex, then buying bias, for target 1140. Expected closing 1133.75-1134.

Opening: Stop 1131, try to short scalping one more time taget 1137 and reverse to buy side, for target 1140.

After 1139.5 hight: Stop 1140.25, selling bias, target 1135.

Afternoon: Stop 1138, selling bias, target 1135; 35 violation = 33-32 target. Expected closing 1133.75-1134

[Result: Night high 1131.75, night low 1126.50, day high 1139.50, day low 1129, closed 1133.75]

Trade for 06/17/2004 Thursday <$$$$>

Night session: Stop 1136, selling bias, target 1131.50

Opening: Stop 1132, selling bias, target 1126-1127. Then try short again 1129.25, stopped out 1130.

Afternoon: Stop 1133, short for target 1130.25. Expected closing 1132.

[Result: Night high 1134, night low 1128.50, day high 1133.50, day low 1126.50, closed 1131.]

Trade for 06/16/2004 Wednesday <$$$$$$$$$$$>

Opening: Stop 1135.50, selling bias, target 1131.

Afternoon: Stop 1132, buying from 1132.50, target 1135-35.50; then reverse to short for 1133-1134 target closing.

[Result: day high 1135.50, day low 1130, closed 1133.50]

Trade for 06/15/2004 Tuesday <$$$$>

Night session: Resistance 1127.50, short side. (Stopped out 0.75)

Opening: Stop 1135.25, short side, first target 1128... expected closing range 1132. (1135.25 stopped out 0.5)

Afternoon: Stop 1136.50, short 1136, target 1132.

[Result: day high 1137.50, day low 1128.50, closed 1133.25]

Trade for 06/14/2004 Monday <$$$$$$$$$$$$$$$$>

Night session: Resistance 1136.50, selling bias, target 1127, 1121.50.

Opening: Stop 1132.75, selling bias, target 1124, 1121.50;

Afternoon: Stop 1121, scalp buy side below 1122, target 1124.5-1125.

[Result: Evening high 1135, evening low 1129.50., morning high 1131.50, day low 1121.75, closed 1125.50]

Trade for 06/11/2004 Friday. Market closed.

Due to the State Funeral of Ronald Rengan, Market closed on Friday

 

Trade for 06/10/2004 Thursday <$$$$$$$$>

Opening: Stop 1136.75, selling bias, target 1130.

[Result: Evening high 1136, evening low 1129., morning high 1136.50, day high 1137, day low 1133, closed 1136]

Trade for 06/09/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Night session: If 1143 is intact before the opening, then selling bias.

Opening: Stop 1141.50, selling bias from 1140.50, target 1133-1134. Bounce to 1136 area short again, for target 1132

Try to buy below 1132, target 1136-1137.

Midday: Stop 1136.50, selling again, target 1131.

[Result: Evening high 1143, evening low 1137., day high 1140.50, day low 1130.50, closed 1131.75]

Trade for 06/08/2004 Tuesday <$$$$$$$$$$$$$$>

Night session: Trading range 1143-1137

Opening: Stop 1135.25, buying bias, target 1141 (DO NOT TRY TO SHORT!)

Midday: Stop 1142.25, short from 1141.50. target 1138. Expected closing above 1140.

[Result: Evening high 1141, evening low 1136.50., day high 1142.50, day low 1135.75, closed 1142.25]

Trade for 06/07/2004 Monday <$$$$$$$$$$$$$$>

Night session: If 11230.50 is broken, it would be bullish; stop 1122.50, buying bais, target 1130.

Opening: Stop 1126.75, buy below 1128, target 1130-32; 1140 still valid.

Midday: Stop 1130, buying bias, target 1140...

[Result: Evening high 1131, evening low 1133., day high 1141.75, day low 1117.75, closed 1140.25]

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

Night session: Short side stop/trailing 1118.50. (stopped out 0.75)

Pre Opening before job report: Stop 1118, buying bias, target 1126-1127. Expected closing range 1123 today.

Midday: Stop 1122.50, buying bias, target 1129-1130.

Afternoon: Stop 1129.50, short side scalping, target 1124-25

Final 2 hours: Stop 1126, selling bias, target 1123

Before closing: At Sunday Glboex, if this 1123.50 is broken, then buying bias ,target 1130, 1140 still valid next week.

[Result: Evening high 1123.50, evening low 1116., day high 1129.50, day low 1118.75, closed 1123.50]

Trade for 06/03/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$>

Night session: Try to use 1127.75 stop for short side, target 1122-1123; then buy... (buy side stopped out)

Pre Opening: Stop 1122.75, selling bias, target 1119-18.

After 7:00 report: Short again 1122, target 1118-1117.

Midday: Stop 1126, selling bias; then stop 1124.50, selling bias, target 1117.

Afternoon: Stop 1122.75, selling bias, target 1117...

[Result: Evening high 1125.50, evening low 1116.75, day high 1125.50, day low 1114.50, closed 1114.50]

Trade for 06/02/2004 Wednesday <$$$$$$$$>

Night session: Trading range 1123~1118, 1117. (short side stopped out 1 point.

Pre Opening: Stop 1126.25, selling bias, target 1119-18. Market will try to close above 1120 today tho.

Midday: Support 1117, 1120, for buy side, target 1125...; then support 1124-25 for target 1129-30.

[Result: Evening high 1125.50, evening low 1120.50, day high 1128.75, day low 1118.50, closed 1125.50]

Trade for 06/01/2004 Tuesday <$$$$$$$$$$> (Monday Memorial Holiday)

Night session: Trading range 1117-1124.

After Opening: Stop 1120, selling bias, target 1114, 1110. (stopped out 0.5)

Market will try to close above 1120 today.

Shorted again with 1120 stop, target 1114-13.

Afternoon: Stop 1113, buying bias, target 1118...

[Result: Evening high 1123, evening low 1114.50, day high 1122, day low 1112.50, closed 1121.25]

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]

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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.