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Trade for 01/31/2005 Monday <$$$$$$$$$$$$$$$$$$>

At Globex: Stop 1175, buying bias, target 1184.

At opening: Stop 1176, still buying bias, target 1184, 118x...

Final hour: Stop 1177, still buying bias, for target 1181.50 closing

[Result: Day high 1183, day low 1176.75, close 1181.50]

Trade for 01/28/2005 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Support 1171.50, buying bias, target 1178, 1180

At opening: Support 1173, buying bias, target 1178-80 (Stopped out 1 pt)

After stop-out: Stop 1176.50, short 1175.50, selling bias, target 1169; trailing for target 1166.

Midday: Stop 1170, still selling bias, short bound again after profit taking.

AFternoon: Stop 1170, still selling bias, short bound again after profit taking. Keep trading between 69.50-66 until 1170 trailing is hit.

Final hour: After 1170 is hit. Stop 1169.50, buying bias, target 1172, 1173

[Result: Day high 1177.50, day low 1166.25, close 1175]

Trade for 01/27/2005 Thursday <$$$$$>

At Globex: Support 1171, buying bias, target1176-77

At opening: Support 1171, buying bias, target 1177

Midday: Stay side line flat. Do NOT overtrade. Can scalp from 77.50 to 75

Afternoon: Stop 1175, pull back, buy again. (Stopped out) and reversed to short.

After stop out: Stop 1174, selling bias, target 1170.25, profit taking is ok; then bounce, short again. (Bounce short stopped out 1.5 pt)

[Result: Day high 1178, day low 1170.25, close 1174.75]

Trade for 01/26/2005 Wednesday <$$$$$>

At Globex: Support 1166, buying bias, target 1172, 1176;

At opening: Support 1166; stop 1166.75, buying bias, target 1172; 1172 violation, then target 1176-1177.

Midday: Stay side line flat. Do NOT overtrade.

Afternoon: Stop 1172, buying bias, target 1176.

[Result: Day high 1176.75, day low 1171, close 1173]

Trade for 01/25/2005 Tuesday <$$$$$$$$>

At opening: Stop 1169, buying bias, target 1174

Midday: Stop 1172, buying bias again, target 1174, 1176

Afternoon: Stop 1171, buy again. (Stopped out 0.75)

After stopped out: Short with 1171 stop, targt 1166-67.

[Result: Day high 1174.75, day low 1168, close 1169.75]

Trade for 01/24/2005 Monday <$$$$$$>

At opening: Stop 1167, buying bias, target 1174, 1176, 1178; however can sclap short with 1172.50 stop for target 1168.50. (Short side stopped out 1 pt)

Midday: Stop 1168, buying bias, target 1174, 1176, 1178.

Afternoon: Stop 1172.50, shorting, target 1168.50; trailing 1171; 1168 violation = target 1166-1165.

[Result: Day high 1174.25, day low 1164.25, close 1166.25]

Trade for 01/21/2005 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$>

At opening: Stop 1174.50, buy side, target 1181; pull back, buy again ( stopped out 1)

Midday: Stop 1179, selling bias, target 1172, 1168.50

Afternoon: Stop 1175, short side, target 1168.50.

[Result: Day high 1180.75, day low 1167.25, close 1169]

Trade for 01/20/2005 Thursday <$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1182, short side.

At opening: Stop 1182, short side, target 1178. Short bounce again. (Stopped out 1)

Midday: Stop 1183.50, short side, target 1180-1179.75, then 1181 trailing, target 1170.

After 11:00: Stop 1175, buy side, target 1181-1182.

Afternoon: Stop 1182, short side, target 1176.

[Result: Globex high 1181.75, Day high 1183, day low 1174, close 1176.50]

Trade for 01/19/2005 Wednesday <$$$$$$$$$$>

Globex: Support 92-93, buy side.

At opening: If anyone bought Globex, take profit at 1196.

Pull back to 92, buy side scalping. (stopped out 1 pt)

Midday: Stop 1193.75, short side, target 1190; then stop 1189, reverse short to buy side, target 1193.50.

Afternoon: No buying momo at all, stop 1193.75, short side.

[Result: Day high 1196.25, day low 1183.50, close 1183.50]

Trade for 01/18/2005 Tuesday <$$$$$>

Globex: Side line.

At opening: Stop 1181, buying bias, target 1187. (stopped out by 0.50).

After Stop-out: Stop 1183.75, buying bias;

Morning: Stop 1187, buying bias, target 1192; 1192 violation = target 1196.50

Midday: Stop 1192, buying bias, target 1196.50-1197.50

[Result: Day high 1197.75, day low 1180.50, close 1185.75]

Trade for 01/14/2005 Friday <$$$$$$$$$$$$$$$$$$> Monday Closed.

Globex: Side line.

At opening: Stop 1182.50, scalp short side, target 1180, 1188; then reverse to buy side with 1177.50 stop.

After shorting: Stop 1178.50, buying bias, target 1184, ...

Midday: Support 1180, stop 1182, buy side, target 1186.50.

Afternoon: Side line.

[Result: Day high 1186.50, day low 1179, close 1183.75]

Trade for 01/13/2005 Thursday <$$$$$$>

Globex: Support 1184.50, buy side, target 1191

At opening: Stop 1184, buy side, target 1191.50; 1188.50 is 1/2 profit taking.

Midday: Stop 1185.50, buy again. (stopped out 0.75 pt)

Afternoon: Stop 1184, buy side; (Stopped out 1 pt);

After stop-out: Stop 1184.75, selling bias, target 1178; bounce short again with 1182 stop, target 1187.

[Result: Globex hi 1190.25, Globex low 1186.25, Day hi 1188.50, low 1176.25, close 1178]

Trade for 01/12/2005 Wednesday <$$$$$$$$$$$$$$$$$$$$$$>

Globex: Resistance 1188, short side.

At opening: Stop 1188, short side, target 1184; then 1183 stop reverse to buy side (buy side stopped out 1 pt)

After stopped out: stop 1184, selling bias, target 1181; then bounce short again with 1185.75, 1183.50 stop, target 1178.

After shorting again: Target 1178-77.50; then reverse to buying bias with 1175 stop, target 1192. Stop 1190 for target 1195.

Midday: Stop 1185.50, short side. (stopped out 1 pt)

After 10:00AM: Stop 1185.50 again, short side, target 1182-1181.

After 12:00: Stop 1183.75, buying bias, target 1190.

[Result: Globex high 1188.25, Globex low 1185.25, Day high 1189.75, day low 1176.75, close 1187.75]

Trade for 01/11/2005 Tuesday <$$$$>

Globex: Support 1187, buy side, target 1200 not ruled out.

At opening: Stop 1187-1186.75, buying bias, target 1192, 1194...; do NOT be obsessed with either side, if 1187 is broken by 0.50, then it would be reversal down again. (Buy side stopped out 1 point)

After stopped out: 1188.25 stop, reverse to short side, target 1184-1183; trailing 1185.50 for target 1182-1181. After profit taking, short bounce again with 1187.50 stop. (Stopped out 1 point)

Afternoon: 1187.50 stop, short side, target 1184.

[Result: Globex high 1192.75, Globex low 1188, Day high 1189.25, day low 1181.75, close 1184]

Trade for 01/10/2005 Monday <$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1190, short side.

At opening: Stop 1189.50, short side, first target 1186.50

After profit taking: Stop 1190, short again. (Stopped out 1 pt)

After stop-out: Stop 1187, buying bias, target 1194, 1196.50; then 1197.25 stop, reverse to short side, target 1194, 1190, 1188; then reverse to buy side with 1187 stop.

[Result: Globex high 1189.75, Day high 1196.75, day low 1185.25, close 1191.75]

Trade for 01/07/2005 Friday <$$$$$$$>

Globex: Support 1187, resistance 1191

At opening: Stop 1189.50, buying bias, target 1192-94

Morning: Stop 1189.50, pull back, buy again.

Then Stop 1189.50, buy again. (Stopped out 1 point)

After stop-out: Stop 1189.25, reverse to short selling, target 1184. Bounce short again with 87.50 stop; without profit, do NOT short. (stopped out 1 pt)

Midday: 1189 stop, buy side, target 1194.

Afternoon: Stop 1192, short side scalping, target 89, 87.

[Result: Globex low 1185, Day high 1194.50, day low 1183.50, close 1186]

Trade for 01/06/2005 Thursday <$$$$$$$$$$$>

Globex: Support 1181, buy side, target 1188, 1192

At opening: Stop 1185, buying bias, target 1187.50, 1191

Morning: Stop 1185, buy again, target 1192. (stopped out 1 point)

Afternoon: Stop 1187.50, buying bias, target 1193-1194

Final hour: Stop 1191, buy again. (stopped out 1 point)

[Result: Globex low 1182.75, Day high 1193.75, day low 1184.75, close 1188.25]

Trade for 01/05/2005 Wednesday <$$$$$$$$$$$$$$$$$$$$>

Globex: Stop 1187, buying bias, target 1193-94

At opening: Stop 1187, buying bias, target 1193~1194, 1196.50; then stop 1197.50, selling bias, target 1188.

Morning: Stop 1192, buy again (stopped out 1 point)

Midday: Stay side line, do not overtrade.

Afternoon: Stop/resistance 1193.25, short side, target 1187 testing again.

Final hour: Stop 1188.25, selling bias, target 1182.50 at least.

[Result: Globex low 1188, Day high 1195, day low 1182.75, close 1182.75]

Trade for 01/04/2005 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

Globex: buy side from yesterday, target 1110; if hit 1111-1112, short again !

At opening: Stop 1205.75, buy side, target 1210-1212. (stopped out 1 pt)

Midday: Stop 1201-1202, selling bias, target 1193.

Afternoon: Stop/trailing 1198, selling bias, target 1187; then reverse to buy side with 1186.50 stop, target 1192...; expected closing 1190-1191.

[Result: Globex high 1209.50, Day high 1208.25, day low 1186.75, close 1190.75]

Trade for 01/03/2005 Monday <$$$$$$$$$$$$$$$$$$$>

Globex: Support 1212, buying bias, target 1217.50; 1217.50 violation = more up side.

At opening: Stop 1216, buy again. (stopped out 1 pt)

After stop-out: Stop 1217, reverse to short side, target 1203~02.

Afternoon: Stop 1212, short selling bias, target 1203-1202; then 1200.50 stop, reverse to buy side, target 1206.

[Result: Globex low 1212.75, Day high 1220.50, Day low 1201.75 , closed 1206.50]

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The 7th 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.