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Trade for 08/31/2004 Tuesday <$$$$$$$$$$$$$$$$$>

Night session: 1103.75 stop for selling bias, target 1095, 1093

At Opening: Stop 1103.75 stop for selling bias, target 1095, 1093; then 1092 stop, reverse to buying bias.

Afternoon: After 1096.75 violation, 1095-1096 stop, buying bias, target 1106.

[Result: Night high 1102.50, Day low 1094.25, day high 1105.25, close 1104.75]

Trade for 08/30/2004 Monday <$$$$$$$$$$$$>

Night session: Stop 1106.50, short side scalping target 1103.50; Stop 1103, for buy side, target 1108.

At Opening: Stop 1106.25, selling bias, target 1104, 1102, 1100.50. (Stopped out 0.50)

After opening: Stop 1106.75, selling bias again, target 1104, 1102, 1100/50.

Midday: Stop 1105.25, short side bias, target 1100.50

[Result: Night high 1108, Day low 1098, day high 1106.75, close 1099.25]

Trade for 08/27/2004 Friday <$$$$$$$$$$$$>

At Opening: Stop 1106.50, short side scalping target 1103.50; Stop 1103, for buy side, target 1108.

Midday: Stop 1104.50, buy side, target 1108.50.

End of day: Stop 1108.75, selling bias for Sunday Monday.

[Result: Day low 1103.75, day high 1109.75, close 1108.50]

Trade for 08/26/2004 Thursday <$$$$$$$$$$$$>

At Opening: Stop 1101, for buy side, target 1106; then stop 1107.25 stop for short side, target 1102.50.

[Result: Day low 1102, day high 1106.75, close 1104.50]

Trade for 08/25/2004 Wednesday <$$$$$$$$$$$$$$$$$$>

Night session: Trading range 1101-1094 (or 1098-1093); Stop/trailing 1092.50, still buying bias.

At Opening: Stop 1100.50, can scalp short side for target 1093-1092.5 and reverse to buy side.

Midday: Stop 1098, buying bias, target, 1104

Afternoon: Stop 1100, still buying bias, target 1105

[Result: Day low 1092.50, day high 1106.50, close 1103.75]

Trade for 08/24/2004 Tuesday <$$$$$$>

Night session: Support 1092.5-93. Possible trading range 1094-1098.

At Opening: Stop 1100.75, short side target 1096. (Stopped out 0.75 pt)

After stop-out: Shorted again, target 1094. Followed by target 1093

Midday: Stop 1097.75, short side, target 1093.75.

[Result: Day low 1092.25, day high 1101.25, close 1097.75]

Trade for 08/23/2004 Monday <$$$$$$$>

Night session: Trading range 1095-1100.

At Opening: Stop 1100.75, short side scalping, target 1098-1097.

Midday: Stop 1099.50, short side scalping, target 1094; then buy side with 1093 stop.

[Result: Day low 1094.25, day high 1101.75, close 1096]

Trade for 08/20/2004 Friday <$$$$$$$$$$$$$$$$>

Opening: stay side line. Support 1088 area, buying bias.

Midday: Stop 1092, buying bias, target 1099.50.

[Result: Day low 1089, day high 1100.50, close 1098.75]

Trade for 08/19/2004 Thursday <$$$$$$$$$$$$$$$$>

Pre-Opening: stop 1089, for buy side; stop 1094 for short side, target 1089

At Opening: Stop 1094, short selling, target 1089 and reverse to buy side with 1088.50 stop.

After Midday: Stop 1092.50, short side, target 1086-1085 target.

[Result: Day low 1085.75, day high 1095.50, close 1090.50]

Trade for 08/18/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

Pre-Opening: If opened gap down then buying bias, stop 1077.75, target 1088-86

At Opening: Buying bias with 1078 stop, target 1086.

After opening: Profit taken and pull back buy again below 1084 for target 1095-96.

[Result: Day low 1078.50, day high 1096, close 1094.75.]

Trade for 08/17/2004 Tuesday <$$$$$$$$$$$$$>

Opening: Stop 1080, buying bias, target 1088-1090

After openng: Stop 1085.50, short side, target 1079.

Midday: Stop 1078, reverse short to buy, target 1084. Then reverse to short side again.

Final hour: If it opened gap down tomorrow above 1078 and below 1080 then try to buy with 1078 stop.

[Result: day low 1079.50, day high 1087, closed 1083]

Trade for 08/16/2004 Monday <$$$$>

Opening: Stop 1067.50, short scalping to 1063.50 (stopped out 1 point); then 1062.50 stop reverse to buy side for target 1072.

After openng: Stop 1068, reversed to buy side, target 1086, 1078, 1081.

[Result: day low 1065.50, day high 1080.50, closed 1077]

Trade for 08/13/2004 Friday <$$$$$$$$$$>

Opening: Stop 1062.50 for buy side, target 1067; Stop 1067.50 for short side, target 1063, 1060

[Result: day low 1060, day high 1067.50, closed 1066]

Trade for 08/12/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$>

Opening: Stop 1074.25, selling bias, target 1066, 1062. Should close at any day low.

Afternoon: Stop 1071, still selling bias, target 1060. Shold close at any day low.

[Result: day low 1060, day high 1073, closed 1064]

Trade for 08/11/2004 Wednesday <$$$$$>

Nigth session: Buy side trailing 1073 triggered; reversed to short side.

Day session: Stop 1073, selling bias, target 1067-1068.

Midday: After taking profit, try to short again with 1069.25 stop. (Stopped out 1 point)

Afternoon: Stop 1071, buy side ,target 1073.5, 1076. Then followed by 1073 stop, target 1078.

[Result: day low 1065, day high 1077.25, closed 1076]

Trade for 08/10/2004 Tuesday <$$$$$$$$$> FOMC announcement 0.25 hike

Nigth session: trading range 1062-1069

Day session: Waiting for FOMC announcement.

Midday: After FOMC announcement. 1072.75 stop for short side. 1070.25 stop for buy side. 1070.25 violation = target 1068 target.

Afternoon: Stop 1070.50 again, buying bias, target 1086, 1080. Expected closing 1076.

[Result: day low 1067, day high 1078.75, closed 1076]

Trade for 08/09/2004 Monday <$$$$$$$$$$$$>

Nigth session: Still down trend. Stop 1069, selling bias.

Day session: Expected trading range 1069-1062; expected closing range 1066.50 or 1063.50.

[Result: night high 1068.50, day low 1062.50, day high 1069.25, closed 1063.25.]

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

Before opening: Still down trend. If job report is bad, then stop 1083.50, selling bias, target 1072.

At opening: Stop 1067, buy side scalping, target 1074; then scalping between 1068-1074 range. If can not break 1075 by midday, we will be selling again.

After Opening: Stop 1075, selling bias, target 1066.

Midday: Stop 1072.50, selling again, target 1064-1062, 1060.

[Result: day low 1060.75, night high 1083, day high 1074, closed 1063.25.]

Trade for 08/05/2004 Thursday <$$$$$$$$$$$$$$$$$$$$>

At opening: All we can call is: Stop 1098, selling bias, target 1088, 1082.50, 1077.

[Result: day low 1077.25, day high 1098, closed 1079.]

Trade for 08/04/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$>

At opening: Expected trading range for this morning 1090-1095, try to buy low and short high; Stop 1090, buying bias, target 1096; we favor buy side today.

Midday: Stop 1100.50, buying bias, target 1099.50

Afternoon: Stop 1102, buying bias, target 1099.50, 1101.

Final hour: Stop 1102.50, selling with 0.75 risk, target 1098.

[Result: day low 1091.25, day high 1102.25, closed 1097]

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

At opening: Possible trading range 1103-1107; if market can not break 1107 after 8:30am, then watch out. Morning trade stopped out 1 pt.

Midday: Stop 1103.5, selling bias, target 1097.25

Afternoon: Stop 1101.50, still selling bias, just keep selling with this 1101.50 stop, target 1092 not ruled out.

[Result: day high 1105.50, day low 1096.50, closed 1097]

Trade for 08/02/2004 Monday <$$$$$$$$$$>

At opening: Stop 1100, short side. (Stopped out 1 point).

Midday: Stop 1099, buying bias, target 1106.8-1107.50; expected closing 1104 or 1106.50

Afternoon: Stop 1102, buying bias, still for target 1105, 1107.50.

[Result: day high 1108.25, day low 1095.50, closed 1105.75]

Trade for 07/30/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

 

Night session: Bottom line support 1096, buying bias, target 1102.50

At opening: Just use support 1096, buying bias, expected closing range either 1099 or 1104.

[Result: day high 1104, day low 1096, closed 1103.50]

Trade for 07/29/2004 Thursday <$$$$$$$$$$$$$>

 

Night session: Stop 1190, buying bias, target 1102.

At opening: Stop 1103, short scalping, target 1097-1096.50; then revese to buy side, target 1103.

[Result: night low 1092.50, morning high 1100.75, day high 1093.75, day low 1094.75, closed 1100.50]

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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.