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Trade for 10/1/2004 Friday <$$$$$$$>

Night session: Trading range 1111-1117; if opened gap up 29-30 try to scalp short; if opened gap down 10-09 try to buy. Keep in mind, main trend is UP, better stick with buy side. Carrying long position overnght

At opening: Stop 1120.25, short side scalping only. (Stopped out 0.75)

Midday: 1132.50 stop, scalp to 1128.50; support 1125-1126 for buying bias, target 1136 not ruled out

[Result: Night low 1111.25, night high 1121.50; day low 1118.50, day high 1133.50, close 1133.25]

Trade for 09/30/2004 Thursday <$$$$$$$>

Night session: Testing 1112-1111 still not ruld out. Bottom confirmed today.

At opening: Stop 1109 support for buy side; stop 1114.75 for short side, target 1111-1110. (stopped out by 0.75).

Midday: 1109 stop, buying bias, target 1117, 1119. Keep long overnight, cuz main trend is UP.

[Result: Night low 1111, night high 1117; day low 1109.50, day high 1117, close 1114.75]

Trade for 09/29/2004 Wednesday <$$$$$$$$$$$$$$$>

Night session: Stop 1112.50, short side scalping target 1108.50; then back to buy side again.

At opening: Stop 1107, buying bias, target 1113.

Midday: 1109 support, still for buy side.

[Result: Night low 1107.25, night high 1110.50; day low 1107.50, day high 1115.25, close 1115]

Trade for 09/28/2004 Tuesday <$$$$$$>

Night session: Stop 1108.50, selling bias, target 1104.50

At opening: Stop 1108.50, selling bias, target 1104.75; then 1103.75 stop, reverse to buy isde. (buy side stopped out 0.75)

After consumer confi report: Stop 1106.50, short again, target 1101.75. Today could be for bottom !!

AFter 8:30: Stop 1103.75, for buy side, target 1106.50; if 1106.50 broken then target 1108.50 and 1110.50

Midday: 1108.50 stop, short again. (stopped out and breakout reversed to long with 1108.50 stop) target 1113.

Before closing: Try to buy again at Globex wth 1107 stop.

[Result: Night low 1102.75, night high 1107.75; day low 1101.25, day high 1112.50, close 1110]

Trade for 09/27/2004 Monday <$$$$$$>

Night session: Stop 1105.50, still selling bias, target 1104.

At opening: Stop 1110.50, selling bias, target 1107, 1104. Support 1103 for buy side.

Midday: Suppot 1103, buying, target 1108.50. Pull back to 1106.5, buy again with 1105.75 stop, taret 1109.50

Afternoon: Stop 1108.50, also short side scalping, target 1105.5-1106 while buy side trailing 1105.75.

[Result: Night low 1107, night high 1114; day high 1109.50, day low 1103.25, close 1105.50]

Trade for 09/24/2004 Friday <$$>

Night session: Trading range 1107-1111; try to buy low, short high in this range; then reverse to buy side from 1105.

At opening: Before 7:00 report, stop 1109.50, target 1115 if report is good; if report is bad, then it would test 1109.5 with 1112.50 stop. [Short side stopped out 0.75]

Before 8:00: 1109.25 stop, buy side, target 1113 testing.

After 8:00: 1113.25 stop, short side, target below 1111 taking profit. Expected closing 1110.75.

Afternoon: Short side with 1112.75, [stopped out 0.50]

[Result: Night low 1107, night high 1109.25; day high 1114.75, day low 1108.25, close 1111.75]

Trade for 09/23/2004 Thursday <$$$$$>

Night session: Stop 1115.50, selling bias, target 1110

At opening: Stop 1115, short side, target 1109-08. Then 1109 support for buy side, target 1112-1113, 1115

After 11:30: Stop 1113 for short side, while stop 1110.25 for buy side.

[Result: Night low 1111.25, night high 1115; day high 1114.50, day low 1107, close 1107.50]

Trade for 09/22/2004 Wednsday <$$$$$$$$$$$$>

Night session: Stop 1130, selling bias, target 1122. We said before yesterday close that today would be a down day !!

At opening: Stop 1121, buy side. (stopped out); try stop 1121, selling bias, target 1116; then stop 1115, buy side for target 1118-1119;

After bounce short again with 1119.75 stop/trailing, target 1110.

[Result: Night low 1122.25, night high 1127.50; day high 1122.75, day low 1112, close 1113]

Trade for 09/21/2004 Tuesday <$$$> FOMC 0.25 rate hike

Night session: trading range 1125-1121

At opening: 1123.50 stop, buy side, target 1128. (Stopped out 0.5); Support 1123, for buy side. Watch out, tomorrow will be a down day.

After FOMC meeting: Stop 1128.75, short side, target 1125. After taking profit, short again. (stopped out 0.5); then Stop 1128, buy side, target 1132. Watch out, tomorrow will be a down day.

End of day: Stop 1130.50 for selling bias, watch out for open gap down tomorrow.

[Result: Night low 1121.25, night high 1128; day high 1132.50, day low 1123.25, close 1127.25]

Trade for 09/20/2004 Monday <$$$$$$$>

Night session: Stop 1130.50, short selling, target 1125.

At opening: Bounce then stop 1127, selling again, target 1122-1121.

After 8:25: Stop 1127, selling bias, target 1122-1121

Tomorrow will be a up day.

[Result: Night low 1123.50, night high 1129; day high 1128, day low 1120.50, close 1122]

Trade for 09/17/2004 Friday <$$$$>

At opening: Stop 1028.75, short selling, target1124.50

After profit taking: Stop 1127 stop, short again 1126.25. (stopped out.)

Before closing: Try to short at Globex with 1130.50 stop.

[Result: day high 1131.50, day low 1124, close 1129]

Trade for 09/16/2004 Thursday <$$$$>

Night session: Stop 1124.75, short selling, target 1120...

At opening: Stop 1125.25, short again (stopped out 0.75 pt)

After 8:00: Trading range 1127~1124; choppy, do not overtrade!

[Result: Night low 1120.50, night high 1124; day high 1127, day low 1122.50, close 1124.50]

Trade for 09/15/2004 Wednesday <$$$$$$$$$$$$$$>

Night session: Trading range 1130.50~1127; short high and buy low; risking 0.50

At opening: Stop 1125.50, buy side scalping, target 1128. (stopped out 1 point)

Then used stop 1126.75, reversed to short selling bias, target 1121;

Afternoon: Bounce for shorting again with 1125.75 stop...

[Result: Night low 1126, night high 1130.25; day high 1128, day low 1120, close 1120.75]

Trade for 09/14/2004 Tuesday <$$$$>

Night session: Trading range 1128-1124; short high and buy low; risking 0.50

Pre-opening: Stop 1128.50, short scalping, target 1125.75; then 1123.50 support for buy side...

[Result: Night low 1125.50, night high 1128.50; day high 1130.50, day low 1125.25, close 1130.25]

Trade for 09/13/2004 Monday <$$$$>

Night session: Agg stop 1122, buying bias, target 1126.50, 1128.50, 1130+

Pre-opening: Stop 1128.50, short scalping, target 1124

Midday: 1131.50 stop, short selling, target 1127.50, 1124; strong support 1123-1124; expected closing range 1127.50-1128

[Result: Night low 1123.50, night high 1127.75, Day low 1114, day high 1130.75, close 1128.25]

Trade for 09/10/2004 Friday <$$$$$$$$>

Night session: Trading range 1120-1116; short side carried from day session and covered before midnight. If 1113 is intact, then reverse to buy side.

At opening: Stop 1120.50, short side, target 1116; bounce to 1118 then short again with 1119.50 stop, target 1115.

Midday: With profit, short again with 1120 stop. (Stopped out 0.75 pt)

Afternoon: Stop 1117.50, buy side, target 1125.

[Result: Night low 1116, night high 1120, Day low 1114.25, day high 1126.25, close 1123.75]

Trade for 09/09/2004 Thursday <$$$$$$$$$> December contract is traded.

Night session: Stop 1120.50, short side, target 1116; stop 1115. buy side, target 1120.

At opening: Stop 1120.50 short side. (Stopped out 1 point.)

AFter 7:00: Stop 1120.25, short again, target 1115.50-1116; bounce short again for target 1113.75; then reverse to buy side with 1113 stop.

Afternoon: Stop 1121 again, short side target 1117.

[Result: Night low 1116, night high 1120, Day low 1113.75, day high 1122.50, close 1118.25]

Trade for 09/08/2004 Wednesday <$$$$$$$$$> Contract rollover to Decembr on Thursday.

At opening: Stop 1117.75, buy side, target 1121.50-1122

After 7:30: Try 1123 stop, selling bias, target 1120, 1118.50.

Afternoon: Stop 1120.50, short side, target 1116. Then 1115 support for buy side.

[Result: Day low 1116, day high 1123.50, close 1118.50]

Trade for 09/07/2004 Tuesday <$>

Pre-opening: Stop 1117, buy side

At opening: Stop 1120.25 short side. (Stopped out 1 point.); Expected closing 1120.50-1121

Midday: Stop 1121.50, short side, target 1118

[Result: Day low 1116.25, day high 1124.50, close 1122]

Trade for 09/03/2004 Friday <$$$$$$$$$$$$> (09/06 Labor Day, Market closed.)

Night Session: Support 1110, 1114, buy side, target 1121. Expected daily closing 1115.50.

At opening: Stop 1119 short side. (Stopped out 1 point.)

After Opening: Stop 1119.50 again, selling bias, target 1114

Midday: Stop 1117.75, still selling bias, target 1113.

[Result: Night low 1112.75, night high 1119. Morning low 1115.50, Day low 1113.25, day high 1121.25, close 1114.50]

Trade for 09/02/2004 Thursday <$$$$$$$$$$$$>

At Opening: Stop 1108.50, short side scalping, target 1105.50 only; because 1105 is support for buying bias after 9:00AM. (Short side stopped out 1 point)

After 7:00 report: Stop 1109, short side scalping. (Stopped out 1 point)

Midday: Stop 1106.25, market is mixed, stick with up trend, buy side, target 1113.50, 1121

Afternoon: Stop 1114, target 1120.

[Result: Morning low 1104.25, Day low 1105.50, day high 1120.25, close 1119.50]

Trade for 09/01/2004 Wednesday <$$$$$$$$$$$$>

Night session: Support 1098, still buying bias, target 1097.50

At Opening: Support 1102, for buy side, target 1107.50; then reverse to short side with 1108.25 stop. (Short side stopped out 1 point)

Midday: Stop 1109, short side, target 1104.

Afternoon: Stop 1107.75, short selling bias, target 1102.50.

[Result: Morning low 1102, Day low 1098, day high 1109.75, close 1106.50]

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 1107.50. Buy side can carry long overnight for target 1107.50.

[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]

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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.