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Trade for 11/30/2004 Tuesday <$$$$$$>

Globex: Resistance 1178.50, short side; support 1173.

Opening: Stop, 1178.50 and 1179.50 for short side, target 1173

[Result: day low 1173.50, day high 1179.50, closed 1176.25]

Trade for 11/29/2004 Monday <$$$$$$$$$$$$$$$>

Globex: Support/stop 1178 for buying bias, target 1190-1192

Opening: stop 1184.25, buy side, target 1190 again. (Hit 1188 only and stopped out 0.75)

After opening: Stop 1184, short selling bias, target 1178.75, 1172 targets.

Midday: 1177.75 stop, buy side, target 1182... (Stopped out 0.75)

Afternoon: Stop 1184 again, selling bias, target 1179.50.

[Result: Globex low 1180.25, globex high 1191.25, day low 1172.25, day high 1184.25, closed 1176]

Trade for 11/26/2004 Friday <$$$$$$$$$$$$$$$>

Globex: Support/stop 1178 for buying bias, target 1190-1192 before Monday

Opening: Support/stop 1178 for buying bias, target 1190-1192 before Monday

[Result: Globex low 1179.25, globex high 1187.50, day low 1179.25, day high 1187.50, closed 1180.75]

Trade for 11/24/2004 Wednesday <$$$$$> Thanksgiving on 11/25/2004

Globex: Support 1178.50, buying bias, target 1182, 1185.

After opening: Support 1178.50, buying bias, target 1182, 1185.

Midday: Stop 1178, buying bias. Trading range 1178-1183.

Afternoon: Support 1178, buy side. Target 1190-1192 before Monday.

[Result: Globex low 1179, globex high 1182.50, day low 1178, day high 1183.25, closed ]

Trade for 11/23/2004 Tuesday <$$$$$>

After opening: Short side stopped out 1 pt. 1174 violation, reversed to short side, target 1172.

Midday: 1174 violation. Stop 1173.25, buying bias, target 1180....

[Result: day low 1171.50, day high 1180.50, closed 1179.25]

Trade for 11/22/2004 Monday <$$$$$>

Globex: Stop 1174 for short side.

After opening: Stop 1171, short side. (Stopped out 1 point)

Midday: Stay side line. 1172 violation= breakout, 1171 stop for buy side, target 1177.50 with 1174 trailing.

Afternoon: After day high 1179, resistance 1179 for short side, target 1176.

[Result: Globex low 1176.75, globex high 1172, day low 1168.50, day high 1179, closed 1177.75]

Trade for 11/19/2004 Friday <$$$$$$$$$$$$$$$$$>

Globex: Stop 1186.50 for short side; stop 1183.25 for buy side; short side first; if 1186.50 is intact thru Globex, target 1177 is valid.

Opening: 1181.25 violation = reversal down; Stop 1182, selling bias, target 1177, trailing for 1173...

Midday: Stop/trailing 1176.25, bounce short again for target 1170~1169.50.

[Result: Globex low 1182.25, globex high 1185.75, day low 1169.25, day high 1185.5, closed 1172.25]

Trade for 11/18/2004 Thursday <$$$$>

Globex: Stop 1186.50 for short side; stop 1181.25 for buy side.

Opening: Stop 1186.50 for short side; stop 1181.25 for buy side. Buy side stopped out.

Afternoon: side line

[Result: Globex low 1182, globex high 1185.50, day low 1180.75, day high 1186.25, closed 1185]

Trade for 11/17/2004 Wednesday <$$$$$$$>

Globex: Stop 1181, for short side scalping. (Stopped out)

Opening:1183.25 violation = market reversed to buy side with 1181.75-1182 stop, buying bias, target 1188-1190. Pull back, buy again with 1186 stop.

Afternoon: 1186 stopped out, reversed to short selling, target 1179.

[Result: day low 1178.75, day high 1189.75, closed 1184.25]

Trade for 11/16/2004 Tuesday <$$$$$$$$$>

Globex: Stop 1186 for short side, target 1182; 1182 stop for buy side; Expected trading range 86-82.

Opening:Stop 1183.25-84.25, selling bias, target 1175-176

Bounce: Short again with 1180.50 stop/trailing

[Result: Globex low 1180.50, globex high 1185.75, day low 1175.75, day high 1182.25, closed 1177]

Trade for 11/15/2004 Monday <$$>

After opening:Stop 1185.50, short side, target 1182, 1180.

Bounce: Short side stopped out 1 pt.

Midday: Support 1181, target 1184.50.

[Result: Globex low 1183, globex high 1185.50, day low 1180.50, day high 1186, closed 1185.75]

Trade for 11/12/2004 Friday <$$$$$$$$$$>

Globex: Resistance 1176.50, for short side; Support 1169-1170 for buy side.

After opening: stop 1176.50, short side, target 1172.

Bounce: Short again with Stop 1178. Stopped out 1 pt. After stopout: Stop 1176, buying bias, target 1181...

Afternoon: Buy side trailing 1179.

[Result: Globex low 1173, globex high 1175.50, day low 1171.75, day high 1184.75, closed 1183.50]

Trade for 11/11/2004 Thursday <$$$$$$$$$$>

Globex: Stop 1167, short side, target 1163; if opened gap up at 1169 area, try to short with 1170 stop; if opened gap down try to buy.

After opening: Stop 1170 for short side, target 1166.5; Stop 1165.50 for buy side, target 1169. After Short side 1168 stopped out, stop 1167, buy side, target 1171. 1172.50 violation = 1174.50 target.

[Result: Globex low 1163, globex high 1169.50, day low 1166.25, day high 1176, closed 1173.50]

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

Globex: Stop 1168, short side, target 1163

After opening: Short side target 1163; wait for FOMC announcement

AFter FOMC 0.25 rate hike: Stop 1168.50, short side, target 1163-1164

Bounce: Stop 1169 short again (Stopped out 1 point)

After stopped out: It should be head fake, try to short again after 10:00, target 1166.50, 1163.

[Result: day low 1162.75, day high 1170.50, closed 1165]

Trade for 11/09/2004 Tuesday <$$$$$$$$$$$$$$>

At opening: Stop 1167, short side, target 1163

Midday: Stop 1168 for short side; stop 1162 for buy side.

[Result: day low 1162.75, day high 1170, closed 1164.25]

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

At opening: Stop 1168, short side, target 1163

Expected closing range 1164.50-1165.50

[Result: day low 1162.25, day high 1167.50, closed 1166.50]

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

Globex: Target 1165 still valid; if report is good it will spike to 1165; if report is bad, it will test 1158.

AFter good report: Stop 1169, will try to short at opening, target 1163, 1160; then reverse to buy side with 1159.25 stop, target 1165. Expected closing range 1164.50.

At opening: Stop 1168, short side scalping; partial profit 64.50, partial stopped out.

After 7:30, Stop 1171, short side, target 1164, 1161; then reverse to by side with 1159.25 stop, target 1165

Afternoon: 1167.50 stop, short again, target 1163-62; expected closing 1164.50.

[Result: day low 1160.25, day high 1171.75, closed 1168]

Trade for 11/04/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$>

Globex:1146.50 resistance for short side; 1140 support for buy side.

At opening: Stop 1147, short selling, target 1142; then reverse to buy side with 1140.25 stop. Target 1155 is still valid before weekend.

Midday after 1147 breakout: Stop/traling 1146, buying bias, target 1152; target 1155 still valid before weekend.

Afternoon: 1159 stop, scalping 1156; some profit, some stopped out.

[Result: Globex low 1142.50, night high 1145.25, day low 1142, day high 1161.25, closed 1160]

Trade for 11/03/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1127 for long position, resistance 1135.50; if Bush wins, target 1149-1150.

At opening: Stop 1148.50, short side, target 1140.50 (stopped out)

After stopped out and top 1149: Stop 1148.50, short again, target still 1140.50

MIdday: Stop 1148.50, selling bias, target 1142-1140.

Afternoon: Possible closing range 1140 (75% chances); keep in mind 1155 target still valid before weekend.

[Result: Globex low 1127.25, night high 1147.50, day low 1137.75, day high 1149, closed 1140]

Trade for 11/02/2004 Tuesday <$$$$$$$$$$$$$$$$$>

Globex: Support 1125.50, buying bias, target 1132

At opening: Support 1129, buying bias, target 1135.50, 1139.50; short side scalping (stopped out).

Afternoon: Stop 1141, short side, target 1136.50.

After 1135.50 violation: Stop 1135.50, short selling, target 1129.50; then stop 1127, reverse to buy side scalping.

Trailing for position long is 1127. If Bush wins, market will open gap up 15 points.

[Result: Globex low 1129.50, night high 1135, day low 1127.75, day high 1141, closed 1131]

Trade for 11/01/2004 Monday <$$$$$$$$$$$$$$$$$>

Globex: Support 1124, buying bias, target 1130-32

At opening: Stop 1132, selling bias, target gap filling 1128.50; then reverse to buy side with stop 1124.50

Midday: Stop 1134, short side, target 1129. Expected closing 1130-1131

[Result: Globex low 1125.50, night high 1131.50, day low 1125.50, day high 1134, closed 1130.75]

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. Target 1155, 1160 still valid before election.

[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,...; target 1160 still valid before election.

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

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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.