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Trades for 05/31/2005 Tuesday

At Globex: Stop 1202.25, selling bias, target 1196-1195, 1192-1191

At Opening: Stop 1202, selling bias, target 1195.5 and target 1192-1191 if 1195.5 is broken.

Then: Stop 1191, buying bias, target 1197-1198.

AFter 11:20: Stop 1194, buying bias, target 1197-1198.

Afternoon: Stop 1195, after taking profit, pull back buy again. (stopped out 1 pt)

[Result: Globex high 1202, Day high 1199.50, day low 1191, closed 1193]

Trades for 05/27/2005 Friday Market closed on Monday for Memorial Day.

At Globex: Stop 1200.25, selling bias, target 1196-1195

At Opening: Stop 1200.25, selling bias, target 1197-1196

After 10:00: If it stays above 1198 by 11:00, watch out it will take out day high.

[Result: Globex high 1199.75, Day high 1200.50, day low 1196, closed 1200.25]

Trades for 05/26/2005 Thuresday

At Globex: Stop 1189, buying bias, target 1200

At Opening: Stop 1192, buying bias, target 1200...

Midday: Stop 1195, buying bias, target 1200

[Result: Globex low 1191.75, Day high 1200.25, day low 1194.25, closed 1198.25]

Trades for 05/25/2005 Wednesday

At Globex: Stop 1197, selling bias, target 1188

At Opening: Stop 1195.50, selling bias, target 1189.50, 1187; then 1187 stop, reverse to buy side. (Buy side stopped out 1 pt).

Midday: Stop 1186, buying bias, target 1192.

Afternoon: Stop 1189, buying bias, target 1200 tomorrow.

[Result: Globex high 1193.50, Day high 1192.75, day low 1186, closed 1192.25]

Trades for 05/24/2005 Tuesday

At Globex: Stop 1198.50, selling bias, target 1193.50, 1192.

At Opening: Stop 1196.50, selling bias, target 1191; stop 1191.75, buy side, target 1195-1196. (Buy side stopped out.)

Midday: Stop 1195.50, 1194.50 for short side, target 1191. Once stopped out, stay side line. Do not overtrade. It will be overtraders' nightmare today.

Afternoon: Market will test 1193 again before closing and Globex still for selling bias;

[Result: Gap down at 1193.50, Day high 1196.75, day low 1190.25, closed 1193.50]

Trades for 05/23/2005 Monday

At Opening: Stop 1194, short side, target 1189-1188; then 1187 stop for buy side.

After 7:00: Try to short with 1194.75 stop, short side, took 1/2 profit at 1192.50. (stopped out 1/2.)

After 7:30: Short again with 1193.75, target 1190.

After 9:30: Stop 1195.25, short scalping, target 1191.50. (1/2 profit, 1/2 stopped out).

After 11:00: after Short side stopped out; Stop 1195, buying bias, target 1198.50-99.50.

Final hour: Tomorrow opening should be gap down.

[Result: Day high 1199, day low 1190.25, closed 1196]

Trades for 05/20/2005 Friday

At Opening: Stop 1193.50, short side, target 1189, 1186; then stop 1185 for buy side.

Midday: Stop 1187, buy side, target 1192-1193

[Result: Day high 1193, day low 1186, closed 1190.25]

Trades for 05/19/2005 Thursday

Globex: One day correction is expected. Buy with 1182 support.

Opening: Stop 1192.50, short side, target 1185.75; then stop/trailing 1184.50 for buy side. Do NOT expect it to plunge a lot.

Midday: Stop 1191.50, short side scalping, target 1186.

[Result: Day high 1192.75, day low 1185.25, closed 1191.75]

Trades for 05/18/2005 Wednesday

Globex: Support 1170 buying bias; resistance 1177 for short side.

Opening: Wait for 7:30 report. Then Stop 1185.25, short side scalping, target 1182.

After 8:30: 1180 also buy side's trailing;

After 9:00: 1181 also stop for target 1188-1192.

After 11:00: Stop 1189, short side trailing, target 1185.50;

and 1184.75 stop for target 1189.

[Result: Day high 1189.50, day low 1178.75, globex low 1172.50, closed 1186.75]

Trades for 05/17/2005 Tuesday

Opening: Stop 1165.50, short side, target1161.50; bounce short again. (stopped out)

Morning: Side line for coffee break; do not overtrade.

Midday: Stop 1165, short again. (stopped out)

Afternoon: Stop 1164, buying bias, target 1169-1170.

Final hour: Target 1180 is ineviatble tomorrow.

[Result: Day high 1176.50, day low 1160.75, closed 1175.25]

Trades for 05/16/2005 Monday

After opening: Stop 1159.50, short side, target 1154.25. (Stopped out 1 pt)

After stop-out: Stop 1157, buying bias, target 1163-1164.

Midday: Stop 1165, short side scalping, target 1162.25.

Midday: Support 1158.50, buying bias, target 1164.

Afternoon: Support 1162, target 1167 is valid.

After 11:00: 1168 stop, short side scalping, target 1166, 64.50.

[Result: Day high 1167.75, day low 1154.75, closed 1167.25]

Trades for 05/13/2005 Friday

Pre-Opening: Stop 1165.50, 1163.50, selling bias, target 1156 before 7:45AM

After opening: Stop 1163.50, selling bias, target 1156

After 7:45: Stop 1157, buy side, target 1165

Midday: Stop 1160, buy side (stopped out 1 pt); if 1165 is intact by 10:25, it will be bearish for target 1146.50

After 10:15: Stop 1159, selling bias, target 1146.50.

After target 1146.50, short bounce again. (stopped out 1 pt)

Final 1/2 hour: Stop 1157.75, short again, target 1152. (1/2 profit and 1/2 breakeven)

[Result: Day high 1165.50, day low 1146.75, closed 1156.75]

Trades for 05/12/2005 Thurday Retail sales report is better than expected.

Pre-Opening: Stop 1167-1168. buying bias, 1178...

After 8:15: Stop 1168, buying bias, target 1175

At 9:50: After 10:05, if this 1172.25 is intact, it will be stop for shorting bias, target 1163.50.

At 10:40: Stop 1170.50, selling bias, target 1163.50

At 10:50: Stop 1169.75, still selling bias, target 1163.50

At 11:15: After taking profit, stop 1168, still selling bias, short bounce again.

Then Stop 1162, buy side scalping for target 1165-1166, (stopped out 1 pt)

After stop-out: Short again with 1162.75 stop.

[Result: Day high 1175.25, day low 1158.50, closed 1159.25]

Trades for 05/11/2005 Wednesday Trade balance narrowed to 55b (exp 60b)

Globex: 1163, buying bias, target 1169

Pre-Opening: Stop 1173, selling bias, target 1161; then stop 1160 reverse to buying bias. Should close at day high.

After 7:50: Stop 1160, buying bias, target 1166, 1171. (Taken 1/2 profit 1164; the other 1/2 stopped out at 1160 by crazy pilot over white house news)

After 9:15: Stop 1162, buying bias again, target 1168;

After profit taking: Stop 1164, buy pull back again, target 1169, 1173

Afternoon: Stop 1168, still buying bias, target 1173-1174

[Result: Day high 1173.75, day low 1158, closed 1172.50]

Trades for 05/10/2005 Tuesday

Globex: 1175 stop, buy side. (stopped out 1 pt)

Opening: Stop 1170, buy side, target 1174-1175; above 1172.50 for 1/2 profit. (1/2 profit, 2/2 stop out)

After 8:00: Try short side again one more time; Stop 1172.50, short side, target 1168, 1163.

At9:00: Support 1162-1163 for buy side.

At 9:30: Trailing 1170.50, short side. (Trailing out with profit.)

At 10:00: Stop 1169, buying bias, target 1174-75.

After target hit: Try to buy again with 1170 stop for 1174-1175 target again. (1/2 stopped out breakeven at 1171)

11:40: Stop 1169.75, shorting bias, target 1163-1164.

[Result: Day high 1174.75, day low 1163.50, closed 1165.75]

Trades for 05/09/2005 Monday

Opening: Stop 1174.50, short side, target 1170.

After profit taking: Short bounce again with 1174.50 (stopped out 1 pt)

After stop-out: Stop 1175, buying bias, target 1180, 1181.

[Result: Day high 1180.75, day low 1170, closed 1178]

Trades for 05/06/2005 Friday (Job report expected +175K, actual +275k)

Globex: Support 1169, still buying bias, target 1180

Opening: Support 1169, still buying bias, target 1180-1182

After 8:30: Stop 1178.50, short side scalping, target 1172-70 testing before 10:15.

Midday: Stop/support 1169, buying bias.

[Result: Day high 1182.25, day low 1171, closed 1171]

Trades for 05/05/2005 Thursday

Globex: side line.

Opening: Stop 1178, short side scalping (stopped out 1 pt)

After opening: Stop 1176, buy for target 1180, 1181

Midday: Stop 1169, buy side, target 1174-1175 (stopped out 1 pt)

Afternoon: Stop 1167, buying bias, target 1174-1175.

[Result: Day high 1180, day low 1167.50, closed 1175]

Trades for 05/04/2005 Wednesday

Globex: Stop 1168.50, short side, target 1164. Then try to reverse to buy side with 1161 support.

Opening: Support 1162, buying bias, target 1168-1170

Midday: Stop 1166, buying bias, target 1175.

Afternoon: Stop/trailing 1170, buying bias for MOC.

[Result: Day high 1177.75, day low 1162.75, closed 1175.25]

Trades for 05/03/2005 Tuesday FOMC 0.25 rate hike.

Support 1158, target 1168-1170.

We prefer buy side for this coming FOMC announcement.

[Result: Day high 1168.75, day low 1147.25, closed 1166]

Trade for 05/02/2005 Monday

Support 1152, 1155 for buy side.

At opening: Stop 1163.25, short side, target 1157-1158. (Stopped out 1 pt)

After 7:00: Stop 1164.75-1165, short again, target 1157-1158 and 1153 not ruled out; after taking profit should reverse to buy side later today.

After 11:30: Stop 1158.50, buying bias, target 1164 testing again.

[Result: Day high 1164.50, day low 1145.50, closed 1164.25]

Trade for 04/29/2005 Friday

At Globex: Stop 1147, short side, stopped out 1 pt.

After 7:00 PMI report: Stop 1148.25, buy side. (Stopped out 1 pt)

After stop-out: Stop 1149.75, selling bias, target 1143; 1146.50 stop trailing for 1139.50.

After 8:00: Looks like reversal up. Stop 1145, buy side, target 1148.50; target 1154 not ruled out today. Pulled back buy again. (stopped out)

After 10:00: 1145-46 support buy side, target 1150-1151 before 11:20.

After 11:00: Stop 1144 for the rest of the day, for target 1155.

After 11:50: Stop 1151-1152, buying bias, target 1158.50 (MOC day high)

[Result: Day high 1159.50, day low 1140.25, closed 1158.50]

Trade for 04/28/2005 Thursday

At Globex: 1154 stop, buy side; 1162 stop short side. (Buy side stopped out 1 pt)

After opening: Stop 1150.25, buy side, target 1155, 1157. (Buy side stopped out 1 pt)

Then: Stop 1152.50, short side, take profit 1149.

Short bunce again with 1152.50 stop. (Stopped out 1 pt)

Midday 9:00: Stop 1153, short side, target 1145-46.

Afternoon: Stop 1152.50, selling bias, target 1147;

After profit taking: Then stop 1149.75, selling bias again, target 1143.

[Result: Day high 1157.50, day low 1142.50, closed 1143]

Trade for 04/27/2005 Wednesday

At Globex (MA member): Stop 1157, short side; stop 1145 for buy side.

After opening: Stop 1145, buying bias, target 1151; then buy pull back again with 1148 stop for target 1160

[Result: Globex low 1150, Globex high 1156, day low 1145.25, day high 1161.50, closed 1157.50]

Trade for 04/26/2005 Tuesday

At Globex: Stop 1161, buy side. (stopped out)

After 8:00: Try to short big SP 1166-1167 with 1167.75 stop

After 10:00: Stop 1163.50, selling bias, target 1159, 1157, 1155.

Afternoon: Stop 1159.75, selling bias, target 1153-1152

Final 30 mins: Stop 1157, selling bias, target 1152.

[Result: Globex low 1158.75, Globex high 1165, day low 1152.50, day high 1166 (Big SP high 1167), closed 1153]

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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.