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Trade for 02/28/2005 Monday <$$$$$$$$$$$$$$$$$$$$$$$$>

At opening: Stop 1212.75, selling, target 1207.

After 7:30: Stop 1210.75, short after 7:35, target 1207. (Stopped out 0.75)

After 8:00: (MA) Short again 1210.50; 9:00 added short after 1206 violation for target 1202 and follow thru target 1199-1198.

9:45: The only stop we have now for buy side is 1197.75.

Midday: With profit, short bounce again with 1202 stop. (Stopped out 1 pt)

After stop-out: Stop 1200, buy side, target 1206,

Afternoon: Stop 1202, buy side, target 1208.

[Result: Globex 1214.75, Day low 1198.25, Day high 1208.50, closed 1206]

Trade for 02/25/2005 Friday <$$$$$$$$$$$$$$$$$$$$$$$$>

At opening: Support 1197, buying bias, target 1206; before 7:00 report, try short side scalping with 1202.25 stop for target 1199-1198; then reverse to buy side for target 1206-07. (Short side stopped out 0.75 pt)

After 7:30: Stop 1201, buying bias, target 1207-08 resistance.

Pull back: Stop 1206-1207, buying again, target 1211-13

Midday: Support 1206-07, buying bias, target 1213.

Afternoon: Trailing stop 1208-09, target 1213 still valid.

[Result: Day low 1199.50, Day high 1213.25, closed 1212.25]

Trade for 02/24/2005 Thursday <$$$$$$$$$$$$$$$$$$$$$$$$>

At opening: Stop 1193.25, short side, target 1188, 1186.50; then reverse to buy side with 1186 stop.

After 7:00: Short again. (stopped out 1 pt)

After stop-out: Stop 1190, buying again, target 1194.

Midday: Trading range 1193.50~1188.50.

Afternoon: Stop 1192.50, short side, target 1188-89. (partital profit, partial breakeven)

Then: Stop 1190, buying bias, target 1194.50, 1195.50, 1200

Final hour: Stop 1195, still buying bias, pull back, buy again, target still 1200~1201. Target 1206 tomorrow and 1211 is not ruled out.

[Result: Day low 1188, Day high 1201.50, closed 1200.75]

Trade for 02/23/2005 Wednesday <$$$$$$$$>

 

At opening: Stop 1190, short side, target 1185-1184; then reverse to buy side with 1183.75-1184 stop for target 1191.50; then 1192 stop short side scalping target 1188.50

Midday: Stop 1187, buy side. (stopped out 0.75)

Afternoon: Side line.

Final hour: Stop 1192.25 short side target 1190.50.

Then 1190.75 stop, buy side for target 1194 for quick profit.

[Result: Globex low 1183.50, Globex high 189.50; Day low 1185.50, Day high 1194, closed 1192.75]

Trade for 02/22/2005 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

 

At opening: Stop 1199.75, short side. (Stopped out 1 point)

After morning bounce: Stop 1202 stop, short side; stop 1200, selling bias, target 1193 before 10:00.

Afternoon: Stop 1194.75, still selling bias, target 1186.

Final hour: Stop 1191, target 1184-1183.

[Result: Globex low 1195.75, Globex high 1203.25; Day low 1184, Day high 1203.25, closed 1184.50]

Trade for 02/18/2005 Friday <$$$$$$$$$$$> Monday Holiday

 

At opening: Stop 1198, buying bias, target 1212-1213 resistance; pull back, buy again

Midday: Support still 1198, pull back, buy again. (Stopped out 1 point)

Afternoon: Side line.

[Result: Globex low 1198, Globex high 1203.50; Day low 1197.50, Day high 1203.75, closed 1202.50]

Trade for 02/17/2005 Thursday <$$$$$$$$$$$$$$$$$$$>

 

At opening: Stop 1213, selling bias, target 1209, 1205, 1203-4; then stop 1202 for buying bounce. Then bounce to 1206 for shorting again. (1206.75 stop short again stopped out 1 pt)

Midday: Trading trande 1203~1206 for scalping.

Afternoon: Stop 1206.75, short again, target 1203-1202.

[Result: Globex low 1209.50, Globex high 1212; Day low 1201.00, Day high 1212, closed 1201]

Trade for 02/16/2005 Wednesday <$$$$$$$$$$$>

At Globex: Support 1207, resistance 1214.50.

At opening: Stop 1210, short selling, target 1204.25; then 1203 stop, reverse to buying bias.

After 7:00: Agg stop 1208, buy for possible 1213. (Took 0.50 loss)

Midday: Trading trande 1209~1206 for scalping.

Afternoon: Stop 1208.50, short again. (Stopped out 0.75)

Afternoon: Stop 1207.50, reverse to buy side, target 1211, (and target 1213, 1214 tomorrow if not today.)

[Result: Globex low 1203.50, Globex high 1212.75; Day low 1205.50, Day high 1213.50, closed 1210.50]

Trade for 02/15/2005 Tuesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Support 1203.75, resistance 1209.50

At opening: Stop 1204.75, buying bias, target 1210; 1213 target is not ruled out.

After opening: Stop 1205.50, buying bias, target 1210; and target 1213 is not ruled out; then stop 1214.50, reverse buy to short for target 1210, 1208.

Then stop 1206.50, reverse short to buy side, target 1210.

Afternoon: Expected closing range 1109-1210

[Result: Day low 1206, Day high 1213.50, closed 1210.75]

Trade for 02/14/2005 Monday <$$$$$>

At Globex: Support 1205, resistance 1212

At opening: Choppy opening, better not trade today.

[Result: Day low 1204, Day high 1208, closed 1206.25]

Trade for 02/11/2005 Friday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Support 1194.50, buy side, target 1199.25; Stop 1200.50, short side scalping target 1195.25.

At opening: Stop 1197.50, short selling, target 1195-1194. Then short bounce again with 1196 stop, target 1194. Then short bounce agan with 1197 stop with 0.50 risk. (Stopped out 0.5 pt)

After stop-out: Stop 1196, buying bias, target 1203; then trailing 1200 buying bias.

Afternoon: Try to trade trading range 1205~1210, with 1205 stop.

[Result: Day low 1193.75, Day high 1210, closed 1206.50]

Trade for 02/10/2005 Thursday <$$$$$$$$$$$>

At Globex: Stop 1197.75, short selling, target 1192.50; Stop 1191.50, buy side, target 1197.

At opening: Stop 1197.75, short selling, target 1192.50; Stop 1191.50, buy side, target 1197.

Afternoon: Stop 1195.50, short side again. (Stopped out 1 point)

[Result: Day low 1191.75, Day high 1198.75, close 1197.50]

Trade for 02/09/2005 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>

At Globex: Stop 1199, buy side, target 1205; stop 1205.50, short side, target 1200

At opening: Stop 1204.75, short side, target 1202; then buy with 1202 stop. (Stopped out 0.50 pt)

Morning after stop-out: Stop 1203.75, selling bias, target 1200, 1198

Afternoon: Stop 1200.50, selling bias, target 1192.50.

[Result: Day low 1191.75, Day high 1204.50, close 1193]

Trade for 02/08/2005 Tuesday <$$$$$>

At Globex: Expected trading range 1205-1198.

At opening: Stop 1202.50, short side scalping. (Stopped out 0.5 pt)

After stop-out: Stop 1202, buy side, target 1206-1207 before 9:00.

Afternoon: Stop/trailing 1202, buy side, target 1207

[Result: Day low 1200, Day high 1206.25, close 1200.75]

Trade for 02/07/2005 Monday <$$$$$$$$>

At Globex: Stop 1205, for short side scalping, target 1198

At opening: Support 1196, resistance 1205. Choppy opening, better stay side line.

Morning: Stop 1205, short side scalping, target 1201; then reverse to buy side scalping with 1199.75 stop. (stopped out 0.5)

Midday: side line. Expected closing range 1202 +/- 0.50.

Afternoon: Choppy. Stay side line. Expected closing range 1202 +/- 0.50.

[Result: Day low 1199.50, Day high 1205, close 1200.75]

Trade for 02/04/2005 Friday <$$$$$$$$>

At Globex: Stop 1192, short side. 1192 violaton = target 1197.50

After Job report: Stop 1192, short 1191, target 1189.

At opening: Stop 1192, short side, (stopped out 1 point)

After stop-out: Stop 1194.75, buying bias, target 1198.50, and target 1200-1202

Midday: Stop 1196, buying bias, targe 1200.50-1202.50 before 12:35

Afternoon: Stop 1196, buying bias, target 1202.25 before

[Result: Day low 1188.25, Day high 1204.50, close 1202.50]

Trade for 02/03/2005 Thursday <$$$$$$$$$$$$$$$>

At Globex: Stop 1190.50 for buy side.

At opening: If 1192 is broken, then selling bias, target 1178-1177 not ruled out.

Morning: Stop 1192, selling bias, target 1187.25-1186.

Midday: Bounce, short again with 1190.50 stop, target 1187.

Afternoon: bounce short again with 1190.50 stop. (Stopped out 0.50 pt)

[Result: Day high 1191.50, day low 114.75, close 1189.50]

Trade for 02/02/2005 Wednesday <$$$$$$$$$$$$$$$>

At Globex: Stop 1186.75, buying bias, targe 1192; Stop 1192.25, shorting bias, target 1188.

At opening: Stop 1191, shorting, target 1188.

Morning: Stop 1191 , buying bias, target 1196. (stopped out 0.5)

Midday before FOMC announcement: Stop 1191 , still buying bias, target 1196.

After FOMC announcement: Stop 1193, buy pull back again. (Stop out by 1 pt)

After stop-out: Stop 1193.25, shorting bias, target 1189.

Final hour: Stop 1191, buy again, target 1195-96. Expected closing range 1192.

[Result: Day high 1196, day low 1189, close 1193]

Trade for 02/01/2005 Tuesday <$$$$$$$$$$$$$$$$$$>

At Globex: Support 1177-1178, still buying bias, target 1184, 1187.

At opening: Stop 1179.50, still buying bias, target 1187, 1191.

Afternoon: Stop 1190.50, short side scalping. (Stopped out 0.75)

Final hour: Stop 1191, short again, target 1187.25; expected closing range 1187.50-1189.50

[Result: Day high 1191, day low 1179.50, close 1189.50]

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

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

At opening: Stop 1176, still buying bias, target 1184, 1187...

Final hour: Stop 1177, still buying bias, for target 1181.50 closing; target 1191 still valid tomorrow.

[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 and 1191 is valid next week

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

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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.