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Trade for 10/29/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Support 1120, buying bias, target 1130.

At opening: Stop 1133, selling bias, target 1124.50...

Bounce: Stop 1129.75, short again, target 1125.50

Midday: Stop 1124 for buy side, 1129.75 for short side.

 

[Result: Globex low 1125, night high 1128.50, day low 1124.40, day high 1132, closed 1128.25]

Trade for 10/28/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Support 1120, buying bias, target 1130.

At opening: Support 1119-1120, buying bias, target 1130; trading range for today 1120~1130.

Afternoon: Stop 1124, buying bias.

[Result: Globex low 1120.50, night high 1127, day low 1120.25, day high 1131.25, closed 1127.75]

Trade for 10/27/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Support 1107, buying bias, target 1114; main trend is UP ! TArget 1130 before weekend.

At opening: Stop 1106-1107, buying bias, target 1114, 1117, 1124... ; should close at high.

Midday: Stop/trailing 1112, buying bias, 1124,...

[Result: day low 1106.75, day high 1126.75, closed 1124.75]

Trade for 10/26/2004 Tuesday <$$$$$$$$$$$>

Pre-opening: Stop 1099, sclap short side, target 1095.50; then reverse to buy side.

At opening: Stop 1094.25, buying bias, target 1100; then 1101 stop scalp short side. (stopped out 1 pt)

Midday: Stop 1097, buying bias, target 1105.

Afternoon: Stop 1103, buying bias, target 1108 and target 1114 tomorrow.

[Result: Morning high 1098.50, day low 1094.75, day high 1108.75, closed 1111]

Trade for 10/25/2004 Monday <$$$$>

At Globex: Stop 1101, selling bias, target 1088, 1085

At opening: Stop 1094.50, short selling, target 1088 again.

Midday: Stop 1093.75, short side. (Stopped out 1 pt)

Afternoon: 1096.50 stop, short side

Expected closing range 1095.50-1096

[Result: NIght low 1088, night high 1095.50,, day low 1089, day high 1097, closed 1095.25]

Trade for 10/22/2004 Friday <$$$$$$$$$$$$$$$$$$$$$>

At Globex: Support 1102, agg stop 1103.75, buying bias, target 1108.50, 1113. Should open gap up at 1108 area.

At opening: Stop 1105.75, buy side, target 1109.5, 1113. (stopped out 1 point)

After midday: Stop 1106, selling bias, target 1099.

Afternoon: Stop/trailing 1102.50, still selling bias, target 1096 still not ruled out. Short covering range 1096-1095.

Expected closing range 1099-1098.50

[Result: NIght low 1104.25, night high 1109.75, Morning high 1108. morning low 116, day low 1095, day high 1109.75, closed 1107]

Trade for 10/21/2004 Thursday <$$$$$$$$$$$$$$$$$$$$>

At Globex: Agg stop 1098, buying bias, target 1108

At opening: Stop 1101 buying bias, buy again, target 1108 before 8:45AM PST

Expected closing range 1105.75

After midday: Stop 1101.75, buying bias again, target 1109

[Result: NIght low 1098, night high 1104, Morning high 1108. morning low 1101, day low 1098, day high 1109, closed 1108]

Trade for 10/20/2004 Wednesday <$$$$$$$$$$$$$$$>

At Globex: Resistance 1107, 1104, short side, target 1094, 1093 for day session.

At opening: Stop 1101.75, selling bias, target 1095; then reverse to buy side with 1094 support, target 1103 gap filling.

Stop/trailing 1096.

Expected closing range 1101-1102.

[Result: NIght low 1098.25, night high 1103.50, Morning high 1101. day low 1093.75, day high 1104.25, closed 1101.50]

Trade for 10/19/2004 Tuesday <$$$$$$$$$$>

At Globex: Stop 1109.50, buying bias, target 1108-1109.

At opening: 1108 achieved, can take profit; try to buy again with 1104.25 stop, target 1108-1109

Morning: Stop 1109, buy side, target 1112.5-1113

Midday: stop 1111.75, try short side target 1102-1103. (Stopped out by 0.25)

Afternoon: Stop 1110.50, short side again, target 1114, 1112.

[Result: NIght low 1112.25, night high 1118, Morning high 1118.50. day low 1102, day high 1118.50, closed 1103.50]

Trade for 10/18/2004 Monday <$$$$$$$$$$$$>

At opening: Stop 1107, for short side, target 1102.50. (Stopped out 0.75)

After first hour: Stop 1108, short again, target 1102.50; short side trailing 1107, and 1102.25 also stop for buy side

Midday: Stop 1109.50, buying bias.

[Result: Morning high 1118. day low 1103.25, day high 1115.25, closed 1112.75]

Trade for 10/15/2004 Friday <$$$$$$$$$$$$$$$$$$$$>

At Globex: Stop 1101.50, buying bias, target 1104.75, 1107

At opening: Market will fill the gap then use stop 1101.50, buying bias, target 1108.50- 1109.50; then reverse to short side scalping. (Short side stopped out 1 pt)

Midday: Stop 1107, buy side, target 1112.50.

Afternoon: Stop 1103.50, ok to scalp short side for target 1109.50, 1107. Any low on Monday should be bottom.

[Result: Night low 1102.25, night hight 1106.50, day high 1123.75, day low 1102, closed 1108.75]

Trade for 10/14/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: 1109.50 stop, buy side.

At opening: Stop 1110.50, buy side, target 1117. Take 1/2 profit at 1113.50. (The rest trailing stopped out 1112 with profit)

After stop-out: Stop 1112.50, selling bias, target 1109.50; 1109.50 violation, more selling bias with 1109.50 stop, target 1102 destined.

[Result: Night high 1115.25, Night low 1110.25, Day high 1115.50, day low 1102, closed 1103]

Trade for 10/13/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: 1127.25 stop for selling bias; stop 1119 for buying bias.

At opening: Stop 1127.50, selling bias, target 1122.50; then re-short with 1122.50 stop.

Afternoon: Stop 1120, selling bias again, target 1113-1110.

[Result: Night high 1127.50, Night low 1122.50, Day high 1127, day low 1109.50, closed 1112.25]

Trade for 10/12/2004 Tuesday <$$$>

At Globex: 1127.50 stop for selling bias, target 1122 and 1118 not ruled out.

At opening: Short side should take profit at 1118-1119 and use 1117 stop for buy sie ,target 1121-1122; then reverse to short side again for lower target. (Buy side 1117 stopped out 1 pt)

Afternoon: Stop 1119.75, short side again (stopped out 0.75)

Final hour: Stop 1121.25, buy side, target 1124, 1126. Expected closing range 1112.50.

[Result: Night high 1126.75, Night low 1118, Day high 1125, day low 1116, closed 1122.25.]

Trade for 10/11/2004 Monday <$$$>

At Globex: 1127 resistance for short side.

At opening: Stop 1126, short again. (stopped out 0.75)

Shorted again with 1126.50 stop, target 1122.5.

For the rest of the day: Side line.

[Result: Night high 1126, Day high 1137, day low 1123, closed 1124.75-1125.]

Trade for 10/8/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex 1130 support for buy side; strong resistance at 1136.75 for short side target 1126 if job report is bad. If job report is bad, it will plunge to 1126 target. This 1122 is destined.

At opening: Agg stop 1129.50-1130, for short side, target 1125-26. (Stopped out 1 pt)

At 7:00: After 7:00 use stop 1134, selling bias, target 1130.50 and trailing for 1127. Bounce short again. Expected closing 1124.50.

Midday: After 10:00 use stop 1128.75, still selling bias, target 1123-24 and bounce short again with 1126.75 stop for target 1122.

[Result: Day high 1136.00, day low 1120.50, closed 1122.50.]

Trade for 10/7/2004 Thursday <$$$$$$$$$$$$$$>

At opening: Today will be a day for hedging. Stop 1141.74, selling bias, target 1138; then stop 1140.75, selling bias, target 1135;

then try to reverse to buy side with 1134.50 stop. (Buy side stopped out by 0.75);

Then Stop 1136.75, selling bias again, target 1133; then reverse to buy side with 1132 stop, target 1136.

Afternoon: Stop 1136.75 again, selling bias, target 1132.50.

[Result: Day high 1140.75, day low 1130.50, closed 1131.50.]

Trade for 10/6/2004 Wednesday <$$$$$>

Pre-opening: Stop 1136.50, scalp short side, target 1134 and reverse to buy side with 1133 stop; but be carful... there is a gap...; if 1136.50 is filled, then it will get to 1138. Trading range 1133.50~1138.50. DO NOT OVERTRADE NARROW RANGE.

Intraday stopped out once at 1138.

Afternoon: 1139 violation = break out; stop 1137 buying bias, target 1143.

[Result: High 1143.75, low 1133.50, closed 1143]

Trade for 10/5/2004 Tuesday <$$$$$>

Trading range 1140-1130; short high; buy low.

[Result: Night low 113.25, night high 1140; day low 1132.25, day high 1138; close 1136.50]

Trade for 10/4/2004 Monday <$$$$$>

As said before last Friday close: Support 1129, buy side, target 1136 before Monday and 1140 before Tuesday.

At the opening: Stop 1141.25, short side scalping, target 1136.50; then 1135.5 stop reverse to buy side.

[Result: Night low 1131, night high 1141; day low 1135, day high 1141.25, close 1135.50]

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 before Monday and Target 1140 before Tuesday.

[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 <$$$$$$> As we said bottom should be on 9/28-9/29 at 1100

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]

____________________________________________________________________

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.