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Trade for 12/31/2004 Friday <$$$$$$$$>

Globex: Support 1212, Still buying bias.

At opening in room: 1217.50 for scalping only; Aggressive stop 1214, buying bias, target 1217.50; 1117.50 violation = more up side with 1216 stop/trailing.

[Result: Day high 1219.75, Day low , closed ]

Trade for 12/30/2004 Thursday <$$$$$>

Globex: Support 1212, Still buying bias.

After opening: Stop 1215.25, buying bias, target 1218.50. Resistance 1219.

Midday: Stop 1216, buying bias, target 1219

[Result: Morning low 1216, Day high 1219, Day low 1213.50, closed 1214.75]

Trade for 12/29/2004 Wednesday <$$$$$$$$$$$>

Globex: Support 1212, buying bias.

After opening: Stop 1215.75, short side scalping, target 1212. (stopped out)

Midday: Stop 1212, buying bias, target 1217 before end of day.

[Result: Day low 1212.75, Day high 1217.25, closed 1217]

Trade for 12/28/2004 Tuesday <$$$$$>

At opening: Stop 1210.50, short side, target 1206.50. (Stopped out 1 pt)

Morning: After stop-out, Stop 1211, buying bias, target 1217.

Midday: Stop 1215.25, short side scalping, target 1212.50; then reverse to buy side with 1211.50 stop, target 1215,...1217.

[Result: Day low 1207.75, Day high 1216.75, closed 1215.75]

Trade for 12/27/2004 Monday <$$$$$$$$$$$$$$>

Globex: Support 1100; resistance 1114

After 7:15AM: Stop 1115.75, selling bias, target 1208.

Midday: 1212.75~1213 resistance, short side, target 1208, 1206.

[Result: Day low 1207.25, Day high 1217, closed 1208.50]

Trade for 12/23/2004 Thursday <$$$$$$$$$$$$$$$$$$> (12/24 Market closed)

Globex: Stop 1208, still buying bias, target 1216.50 next.

Opening: Stop 1210, buying bias, target 1216.50.

[Result: Globex low 1209, day low 1212, Day high 1216.50, closed 1211.75]

Trade for 12/22/2004 Wednesday <$$$$$$$$$$$$$$$$$>

Opening: Stop 1206, buying bias, target 1212-1214

Midday: Stop 1213, scalping short, target 1210.50. Expected closing 1210-1211 range.

[Result: Day high 1214.25, day low 1207.25, closed 1210.50]

Trade for 12/21/2004 Tuesday <$$$$$$$$$$$$$>

Globex: Support 1197, buying bias, target 1200, 1202...1207

Opening: Stop 1197, buying bias, target 1202, 1206~07.

Midday: Stop 1199, still buying bias, target 1207. Expecting close 1206~1208. Target 1214 still valid before Thursday.

[Result: Day high 1208.50, day low 1197.25, closed 1207.75]

 

Trade for 12/20/2004 Monday <$$$$$$$$$$$$$>

Opening: Stay side line; after 7:00 stop 1205.50, selling bias, target 1197. Dow Jones target 10800 before weekend.

[Result: Day high 1206.75, day low 1195.25, closed 1199]

Trade for 12/17/2004 Friday <$$$$$$$$$$>

Globex: Resistance 1208.50, market should plunge one more time for target 1198 testing.

Opening: Stop 1196.50, buying, target 1202.

[Result: Day high 1209, day low 1195.25, closed 1197]

Trade for 12/16/2004 Thursday <$$$$$$$$$$>

Opening: Stop 1207, short side scalping, target 1203.75.

Bounce: short again, stopped out.

Midday: stop 1208.50, short side, target 1205.50, 1203.75, 1200.75. Then 1198 support, reversoe to buy side.

[Result: Day high 1210.75, day low 1200.25, closed 1206.50]

Trade for 12/15/2004 Wednesday <$$$$$$$$$$$$>

Globex: Support 1203, buy side, target 1210.

Opening: Stop 1208.75, short side scalping, target 1203.50

Midday: stop 1205.50, short scalping.

AFternoon: Support 1202.50, buy side,

[Result: Day high 1208.75, day low 1201.50, closed 1207.25]

Trade for 12/14/2004 Tuesday <$$$$$$$$$$$$> FOMC rate hike 0.25%

Opening: Stop 1203.25, short side scalping, target 1200.50

AFternoon: Stop 1203.25, short again; stopped out 1pt and reversed to buy side for target 1209.

[Result: Day high 1208.25, day low 1199.25, closed 1206.50]

Trade for 12/13/2004 Monday <$$$$$$$$$$$$>

Support 1189.50, buy side, target 1199-1200

AFternoon: Support 1198, buy side, target 1202

[Result: Day high 1202.50, day low 1191.75, closed 1201.75]

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

Globex: Support 1187, buying bias.

At opening: Stop 1187, buying bias, target 1191.50; then 1192.50 stop, reverse to short side scalping, target 1188.

Afternoon: Stop 1189.50, buying bias, target 1195-96

[Result: Day high 1193.50, day low 1187, closed 1192.25]

Trade for 12/09/2004 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$$$> March Contract.

Globex: Stop 1182 (March 2005 contract), buy side. Stopped out 1 pt.

At opening: Stop 1182.25, selling bias, target 1175.50; then stop 1174.25, reverse to buy side, target 1181-1182.

Midday: Stop 1177, buying bias, target 1182,..1187.

Afternoon: Stop 1188.25, short side scalping. Stopped out; then 1189.25 stop, short side, scalping to target 1185.50.

Afternoon: Stop 1184.25, buying bias again, target 1188.25 testing. Then 1189.75 stop, target 1192, 1194 target.

[Result: Day high 1193.50, day low 1175.75, closed 1191]

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

Globex: Stop 1176, buying bias.

At opening: Stop 1176, buying bias, target 1185

Afternoon: Stop 1180, buy side

Final hour: Tomorrow will be for bottom.

[Result: Day high 1184.75, day low 1176, closed 1184]

Trade for 12/07/2004 Tuesday <$$$$$$$$$$$$$$$>

At opening: Stop 1193.50, short side, target 1090.25

Bounce: Short again. Stopped out.

Midday: 1178 is valid before closing. Expecting down day closing.

Afternoon: Stop 1191.25, selling bias, target 1178-77.

[Result: Day high 1193.50, day low 1177, closed 1177.50]

Trade for 12/06/2004 Monday <$$$$$$$$$>

At opening: Stop 1190.25, short selling, target 1185-1184.

Bounce: Short again. Stopped out 1 point.

Afternoon: Stop 1193.25, short again, target 1190...

[Result: Day low 1185.15, day high 1193.25, closed 1189.25]

Trade for 12/03/2004 Friday <$$$$$$$$$>

Support 1186, still buying bias, target 1200 either on Thursday or after job report.

After it broke 1193.75: Stop 1194.25, selling bias target 1191, 1189.

Middle Bounce: Short again with 1195 stop, target 1189.

[Result: Day low 1185.75, day high 1198.50, closed 1189]

Trade for 12/02/2004 Thursday <$$$$$$$$$$$$$$$$$>

Stop/trailing 1186, still buying bias, target 1200 either on Thursday or after job report. Short side for scalping only.

[Result: Day low 1187, day high 1195.75, closed 1190.75]

Trade for 12/01/2004 Wednesday <$$$$$$$$$$$$$$$$$>

Opening: Stop 1179.50, short side. Watch out this 1176 also support for buy side.

Stopped out 1 point and reversed to long for target 1184, 1188 target and 1192.

Afternoon: Stop 1188, still buying bias, target 1192. Expected closing range 1190.50

[Result: Day low 1178, day high 1192.25, closed 1189.75]

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]

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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.