Archived S & P's

Archived S & P Daily Reports

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

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The week in review - 07/28/03 - 8/01/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 07-28-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Special instructions for using stops - All stops listed are for the day session only. Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount. NOTE: The first support area becomes the resistance after the market trades through the second support area listed. The first resistance area becomes the support after the market trades through the second resistance area listed.

Resistance: For the Sept. contract -

996.80 and 997.40 minor day channels also 997.70 and 998 day tops (major area) / 1000.90 day session closing price (major) / 1004 day top (major) / 1007.20 GBX top and 1007.80 long-term major weekly channel (very major area) / 1009.40 major weekly channel and 1010 day top also 1010.10 weekly channel (very major area) / 1014.80 weekly double top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing price (major area) / 1035 monthly channel (very major area) / 1038 day top and 1044 weekly chart's top (major area) / 1050.20 monthly channel and 1053 day top (very major area).

Support: For the Sept. contract -

996 base and 995.50 intra-day channel (major area) / 994.50 and 994 base also 993.50 intra-day channel (major area) / 987.50 base and 986.50 rev. peak (major area) / 983.60 base and 983.40 weekly channel (very major area) / 980.70 and 980.30 base (significant) / 978 weekly channel and 977.50 long-term day channel (very major area) / 976.40 minor day channel and 976.70 weekly channel also 975.50 day bottom (very major area) / 974.20 day bottom and 973.60 weekly bottom also 973.30 monthly closing price (major area) / 964.20 weekly channel and 960.50 weekly bottom (very major area).

Comments:

The rally on Friday from the support area put the chart back into neutral condition. A trade above 1007.80 and 1009.40 is bullish. A trade above 1015.80 weekly chart's top will be considered a breakout for higher prices. A trade below 978 - 977.50 area is bearish. A trade below 964.20 - 960.50 area will reverse the major trend to the downside for lower prices. Remain defensive inside the first neutral area between 998 - 983.40 area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 997 - 999 area for obj. near 993 - 992 area. (Use a protective buy stop at 1001.70. Do not rev. long).

Aggressive traders can sell rallies near 1006 - 1009 area for obj. near 1001 - 999 area. (Use a protective buy stop at 1012. Do not rev. long).

Aggressive traders can buy dips near 985 - 983.40 area for obj. near 990 - 992 area. (Use a sell stop and rev. short at 975). (Conservative traders can use a protective sell stop at 980.70. Do not rev. short).

Buy stop at 1018.70 for obj. near 1021 - 1024 area.

Buy stop at 1029.80 for obj. near 1033 - 1035 area.

Sell stop at 991 for obj. near 987.50 - 985.50 area.

Sell stop at 975 for obj. near 967 - 964.20 area.

* There is a substantial risk of loss in trading futures and options. These recommendations cannot guarantee a profit. Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Results: 07/28/03

Sold @ 999	Bought @ 994	= + $1,250.00
Sold @ 998	Bought @ 993	= + $1,250.00
TOTAL (P & L)		+ $2,500.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 07-29-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

998 and 999.10 day channels also 999.50 day top and 999.70 GBX channel (major area) / 1000.50 GBX top and 1000.90 day session closing price (major area) / 1004 day top (major) / 1007.20 GBX top and 1007.80 long-term major weekly channel (very major area) / 1009.40 major weekly channel and 1010 day top also 1010.10 weekly channel (very major area) / 1014.80 weekly double top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing price (major area) / 1035 monthly channel (very major area) / 1038 day top and 1044 weekly chart's top (major area) / 1050.20 monthly channel and 1053 day top (very major area).

Support: For the Sept. contract -

991.50 day bottom (major) / 988.90 rev. peak also 987.50 base (major area) / 983.60 base and 983.40 weekly channel (very major area) / 980.70 and 980.30 base also 979 long-term day channel and 978 weekly channel (very major area) / 977.20 day channel and 976.70 weekly channel also 975.50 day bottom (very major area) / 974.20 day bottom and 973.60 weekly bottom also 973.30 monthly closing price (major area) / 964.20 weekly channel and 960.50 weekly bottom (very major area).

Comments:

Monday's trading range remained inside the neutral area leaving the chart neutral inside the 998 - 983.60 trading range. A trade above 998 - 1000.90 area is slightly bullish but only a trade above 1007.20 and 1009.40 weekly channels can bring any solid bullishness back to the chart. A trade below 983.60 is bearish and can bring prices down to challenge the 964.20 channel support. A trade below 964.20 - 960.50 bottom will fail the major support that will change the major trend to the downside for lower prices. Remain defensive inside the 998 - 983.60 trading area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 997 - 998 area for obj. near 993 - 991.50 area. (Use a buy stop and rev. long at 1001.70).

Aggressive traders can buy dips near 983.60 - 980.60 area for obj. near 987 - 989 area. (Use a sell stop and rev. short at 973). (Conservative traders can use a protective sell stop at 981.70. Do not rev. short).

Buy stop at 1001.70 for obj. near 1004 - 1007 area.

Buy stop at 1018.70 for obj. near 1021 - 1024 area.

Sell stop at 987 for obj. near 984.50 - 983.60 area.

Sell stop at 973 for obj. near 967 - 964.20 area.

Sell stop at 957.50 for obj. near 952 - 948 area.

Bulletin - Originally sent 07/29/03 (9:45 am est)

Short positions were taken at 996 and 997.50. The sell-off down to 994.20 is near enough to the 993 obj. and completes the trades.

Bulletin - Originally sent 07/29/03 (10:17 am est)

The sell stop was hit at 987 putting traders into short positions. The sell-off down to 983.60 completes the trade.

Long positions were taken at 983.60. The rally up to 986.70 is near enough to the 987 obj. and completes the trade.

Bulletin - Originally sent 07/29/03 (10:52 am est)

Long positions were taken at 982. The rally up to 986 is near enough to the 987 obj. and completes the trade.

Results: 07/29/03

Sold @ 996	Bought @ 994.20	= + $ 450.00
Sold @ 997.50	Bought @ 994.20	= + $ 825.00
Sold @ 987	Bought @ 984	= + $ 750.00
Bought @ 983.60	Sold @ 986.50	= + $ 725.00
Bought @ 982	Sold @ 986	= + $1,000.00 sold as per bulletin
TOTAL (P & L)		+ $3,750.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 07-30-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

990.50 peak (major) / 993.30 peak (major) / 995.30 minor day channel with GBX prices and 995.70 peak (major area) / 997.60 day channel with GBX prices and 997.50 day top also 997.90 GBX top (very major area) / 999.50 day top and 1000.50 GBX top also 1000.90 day session closing price (major area) / 1004 day top (major) / 1007.20 GBX top and 1007.80 long-term major weekly channel (very major area) / 1009.40 major weekly channel and 1010 day top also 1010.10 weekly channel (very major area) / 1014.80 weekly double top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 monthly channel (very major area).

Support: For the Sept. contract -

986.30 intra-day channel and 986.20 base (major area) / 985.50 and 984.80 base area also 984.50 minor day channel (major area) / 981.50 day bottom and 981.40 long-term day channel (very major area) / 978 day channel and 976.80 minor day channel (very major area) / 975.50 and 974.20 day bottoms also 973.80 weekly bottom and 973.30 monthly closing price (major area) / 964.20 weekly channel and 960.50 weekly bottom (very major area) / 952 day bottom (major) / 950 minor day channel and 948 day gap (major area) / 945 day bottom and 943.20 weekly closing price (very major area).

Comments:

The whiplashing action on Tuesday proved the neutral condition. The market continues to remain neutral inside the 997.60 - 981.40 trading area. A trade above or below this neutral area can possibly point a direction. Remain defensive inside this neutral area until a direction is established.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 993 - 995 area and if possible near 997.90 for obj. near 987 - 986.30 area and possibly near 981.40. (Use a buy stop and rev. long at 1001.70).

Aggressive traders can sell rallies near 1007 - 1009 area for obj. near 1001 - 999 area. (Use a buy stop and rev. long at 1018.70). (Conservative traders can use a protective buy stop at 1012. Do not rev. long).

Buy stop at 1001.70 for obj. near 1004 and possibly near 1007.

Buy stop at 1018.70 for obj. near 1021 - 1024 area.

Sell stop at 980.50 for obj. near 978.

Sell stop at 973 for obj. near 967 - 964.20 area.

Sell stop at 958 for obj. near 952 - 948 area.

Bulletin - Originally sent 07/30/03 (9:43 am est)

Short positions were taken at 992.50 on the opening. The sell-off down to 988.70 is near enough to the 987 obj. and completes the trade.

Results: 07/30/03

Sold @ 992.50	Bought @ 988.70	= + $ 950.00
TOTAL (P & L)		+ $ 950.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 07-31-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

987 intra-day channel and 987.50 day channel also 987.70 peak (major area) / 989.50 and 989.70 peaks also 989.70 GBX channel (major area) / 991 peak and 992.50 day top also 992.70 GBX channel (major area) / 993.80 GBX top (major area) / 994.90 day channel and 996.20 day channel with GBX prices (very major area) / 998 and 999.50 day tops also 1000.50 GBX top and 1000.90 day session closing price (major area) / 1004 day top (major) / 1007.20 GBX top and 1007.80 long-term major weekly channel (very major area) / 1009.40 major weekly channel and 1010 day top also 1010.10 weekly channel (very major area) / 1014.80 weekly double top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing price (major area) / 1035 monthly channel (very major area).

Support: For the Sept. contract -

984 day bottom and 983.30 long-term day channel (very major area) / 981.50 day bottom (significant) / 978.80 day channel and 977.90 minor weekly channel (very major area) / 976.70 weekly channel and 975.50 day bottom (very major area) / 974.20 day bottom and 973.80 weekly bottom also 973.30 monthly closing price (major area) / 964.20 weekly channel and 960.50 weekly bottom (very major area) / 952 day gap and 950.50 minor day channel (major area) / 948 day gap and 945 day bottom (very major area).

Comments:

The sell-off on Wednesday from the resistance area managed to closed the market down for the third day in a row, which is slightly bearish, but the market was able to hold above the 983.30 channel support leaving the chart neutral to slightly bearish. A trade below 983.30 is bearish and can bring prices down to challenge the 978 channel support. A trade below 978 - 976.70 area can bring prices down to the last major support at 964.20 but will be very defensive at this time for possible lower prices. A trade above 989.70 and 992.70 channels is slightly bullish but a trade above 994.90 and 996.20 channels is bullish and can bring prices up to challenge the very major resistance at 1007.80 and 1009.40 areas. Remain defensive today inside the first narrow neutral range between 989.70 and 983.30 and the wider trading range between 996.20 - 978.

Day trades: For The Sept. contract -

Only if the market opens below 989.50 - Aggressive traders can sell rallies near 987 - 989 area for obj. near 984 - 983.30 area. (Use a protective buy stop at 990.30. Do not rev. long).

Aggressive traders can sell rallies near 992 and if possible near 994 - 996.20 area for obj. near 987.50 - 986 area. (Use a buy stop and rev. long at 1001.70).

Aggressive traders can sell rallies near 1007 and if possible near 1009, if it gets there, for obj. near 1002 - 1000 area and possibly near 997. (Use a buy stop and rev. long at 1018.70). (Conservative traders can use a protective buy stop at 1012. Do not rev. long).

Buy stop at 1001.70 for obj. near 1004 - 1004.50 area and possibly near 1006 - 1007 area.

Buy stop at 1018.70 for obj. near 1020 - 1024 area.

Sell stop at 982 for obj. near 980 - 978 area.

Sell stop at 972 for obj. near 967 - 964.20 area.

Sell stop at 957.50 for obj. near 952 - 950.50 area and possibly near 948 gap.

Bulletin - Originally sent 07/31/03 (10:05 am est)

Short positions were taken on the opening at 994.50. The sell-off down to 989.50 is near enough to the 987.50 obj. and completes the trade.

Bulletin - Originally sent 07/31/03 (10:25 am est)

Short positions were taken at 995 on the second rally due to the significance of the area. The sell-off down to 987.50 completes the trade for the second time. This trade is now considered a high risk and should not be repeated.

Bulletin - Originally sent 07/31/03 (11:06 am est)

The buy stop at 1001.70 was hit putting traders into long positions. Because of the overbought conditions, this trade is now considered a high risk, and should be liquidated.

It is recommended to exit long positions at the market, which is trading at 1001.50 and scratch the trade.

Results: 07/31/03

Sold @ 994.50	Bought @ 989.50	= + $1,250.00
Sold @ 995	Bought @ 987.50	= + $1,875.00
Bought @ 1001.70	Sold @ 1001.50	= - $ 50.00
TOTAL (P & L)		+ $3,075.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 08-01-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

991.30 peak (major) / 993.50 and 994.20 peaks (major area) / 995.70 to 995.80 intra-day gap and 996.50 intra-day channel (very major area) / 999.50 and 999.90 peaks (major area) / 1002.90 day channel and 1003.50 peak also 1003.80 and 1004 day tops (very major area) / 1007.20 GBX top and 1007.80 long-term major weekly channel (very major area) / 1009.40 major weekly channel and 1010 day top also 1010.10 weekly channel (very major area) / 1014.80 weekly double top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing price (major area) / 1035 monthly channel (very major area).

Support: For the Sept. contract -

989 minor day channel (significant) / 987.90 minor day channel with GBX prices and 987.30 intra-day channel also 987 day bottom and 986.60 day gap (major area) / 985.40 GBX bottom and 985.30 long-term major day channel also 984 day bottom (very major area) / 981.50 day bottom (major) / 979.70 day channel and 977.90 minor weekly channel (very major area) / 976.70 weekly channel and 975.50 day bottom (very major area) / 974.20 day bottom and 973.80 weekly bottom also 973.30 monthly closing price (major area) / 964.20 weekly channel and 960.50 weekly bottom (very major area) / 952 day gap and 951.50 minor day channel (major area) / 948 day gap and 945 day bottom (very major area).

Comments:

The sell-off on Thursday from the major resistance area was significant and slightly bearish but it managed to hold above the support area closing in neutral territory again. A trade today above the 995.70 - 996.50 area is slightly bullish but only a trade above the 1007.80 - 1009.40 weekly channels can bring any solid bullish back to the chart. A trade below 985.30 - 984 area is bearish but a trade below 977.90 - 976.70 area is very bearish and can possibly be the first major signal of a reversal in the major trend to the downside. A trade below 964.20 - 960.50 area will confirm a major downtrend intact for lower prices to follow. Remain defensive inside the neutral trading area between 996.50 - 985.30 area until the market can prove a solid direction.

Day trades: For The Sept. contract -

Aggressive traders can buy dips near 987.30 - 984 area for obj. near 989 - 991 area. (Use a sell stop and rev. short at 983.70).

Aggressive traders can sell rallies near 994 - 996.50 area for obj. near 990 - 989 area. (Use a protective buy stop at 998.70. Do not rev. long).

Aggressive traders can sell rallies near 1002.50 - 1004.50 area and if possible near 1007.80, if it gets there, for obj. near 998 - 996 area and possibly near 994. (Use a protective buy stop at 1012. Do not rev. long).

Sell stop at 983.70 for obj. near 981 - 979.70 area and possibly near 977.90.

Sell stop at 972 for obj. near 967 - 964.20 area.

Sell stop at 957.50 for obj. near 952.50 - 951.50 area and possibly near 948 gap.

Bulletin - Originally sent 08/01/03 (9:55 am est)

The sell stop was hit at 983.70 putting traders into short positions. The market is showing signs of support in this area at this time.

It is recommended to exit the short position at the market, which is trading at 985 at this time and cut losses.

Results: 08/01/03

Bought @ 985.50	Sold @ 983.70	= - $ 450.00
Sold @ 983.70	Bought @ 984.50	= - $ 200.00
TOTAL (P & L)		- $ 650.00

The week in review - 08/04/03 - 08/08/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 08-04-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

980.30 peak and 981.20 day channel with GBX prices also 981.70 intra-day channel (major area) / 983 and 984.50 peaks (major area) / 987 peak and 987.50 day top also 989.30 day gap (major area) / 992.50 GBX top and 994.20 peak (major) / 998.30 newly developed weekly channel and 999.30 newly developed monthly channel also 999.90 peak (very major area) / 1002.10 day channel and 1003.50 peak also 1003.80 and 1004 day tops and 1004.30 weekly channel (very major area) / 1006.70 and 1007.70 weekly channels (very major area) / 1014 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices also 1026.10 newly developed monthly channel (very major area).

Support: For the Sept. contract -

977 day bottom and 976.60 day channel also 975.50 day bottom (major area) / 974.20 day bottom and 973.80 weekly bottom also 973.30 monthly closing price (major area) / 969.80 day channel and 969.50 minor weekly channel (very major area) / 962.20 monthly closing price and 960.50 weekly bottom (very major area) / 952 day bottom (major) / 948 day gap and 945 day bottom (very major area).

Comments:

The sell-off on Friday was a continuation from Thursday's resistance and managed to close the end of the week lower then the past four weeks closing prices, leaving the chart in bearish condition. A trade below 976.60 channel and 973.80 weekly bottom will challenge the 969.50 weekly channel. A trade below 969.50 is bearish and can prove to be a signal of the newly developed downtrend. A trade below 960.50 will confirm the downtrend intact for lower prices. A trade today above 992.50 - 994.20 area is slightly bullish but only a trade above 998.30 - 999.30 major channels can bring any solid bullishness back to the chart. Remain defensive inside the 989.30 - 976.60 trading range.

Day trades: For The Sept. contract -

Aggressive traders can buy dips near 978 - 976.60 area or sell rallies near 980 - 983 area, whichever side comes first to complete the trade. (Use a sell stop and rev. short at 973). (Use a protective buy stop at 985. Do not rev. long).

Sell stop at 973 for obj. near 970.50 - 969.50.

Sell stop at 966.50 for obj. near 963.50 - 960.50.

Sell stop at 957.50 for obj. near 953.50 - 952 area and possibly near 948 gap.

Buy stop at 994.80 for obj. near 998 - 999.30 area.

Buy stop at 1018 for obj. near 1021 - 1025 area.

The short position taken at 983 was completed on the sell-off at 979.50.

Results: 08/04/03

Sold @ 977	Bought @ 974.70	= - $ 575.00 bought as per bulletin
Sold @ 973	Bought @ 970.50	= + $ 625.00
Sold @ 966.50	Bought @ 975.30	= - $2,200.00 bought as per bulletin
Sold @ 979	Bought @ 975.30	= + $ 925.00 bought as per bulletin
Sold @ 983.50	Bought @ 985	= - $ 375.00 sold as per bulletin
Sold @ 983.50	Bought @ 979.50	= + $1,000.00 sold as per bulletin
TOTAL (P & L)		- $ 600.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 08-05-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

982.50 minor day channel and 983 intra-day channel (major area) / 985 day top (major) / 987 peak and 987.50 day top also 989.30 day gap (major area) / 992.50 GBX top and 994.20 peak (major area) / 998.30 weekly channel and 999.30 monthly channel also 999.90 peak and 1001.30 day channel (very major area) / 1003.80 and 1004 day tops also 1004.30 weekly channel and 1004.70 monthly channel (very major area) / 1006.70 and 1007.70 weekly channels (very major area) / 1010 day top (major) / 1014 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area).

Support: For the Sept. contract -

979.20 base and 979 rev. peak also 978.80 intra-day channel (major area) / 975.60 rev. channel (major) / 973.50 and 971.70 base area (major area) / 968.20 base and 966.70 newly developed long-term day channel also 965 day bottom (very major area) / 960.50 weekly bottom (very major area) / 952 day bottom (major) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (very major area).

Comments:

The rally on Monday reversed the bearish condition back to a neutral condition. The major trading area is now wide, between 999.30 and 960.50. The first neutral trading area today is narrow between the 982.50 - 983 resistance and the 978.80 - 975.60 support. A trade above or below the first neutral area will challenge the wide major trading area of 999.30 - 960.50. A trade above 999.30 is bullish and can challenge the 1007.70 and 1014 areas. A trade above 1014.80 - 1015.80 area will be considered a breakout for higher prices. A trade below the 978.80 - 975.60 area is slightly bearish but a trade below 966.70 - 960.50 area will be considered a signal for a downtrend and lower prices to follow. Remain defensive inside the neutral areas until a breakout is seen to either side.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 982 - 983 area or buy dips near 979 - 976 area, whichever side comes first to complete the trade. (Use a protective buy stop at 987.70. Do not rev. long). (Use a protective sell stop at 974.70. Do not rev. short).

Aggressive traders can sell rallies near 997 - 999 area if it gets there, for obj. near 992 - 988 area. (Use a protective buy stop at 1002.30. Do not rev. long).

Aggressive traders can sell rallies near 1004 - 1007 area, if it gets there, for obj. near 1000 - 998.50 area and possibly near 996. (Use a protective buy stop at 1012. Do not rev. long).

Buy stop at 1018.70 for obj. near 1021 - 1024 area and possibly near 1026.10.

Sell stop at 957.50 for obj. near 952 - 948 area.

Bulletin - (Originally sent 8/05/03 9:51 am est)

Long positions were taken at 978. The rally up to 981 is near enough to 982 obj. and completes the trade.

Bulletin - (Originally sent 8/05/03 10:21 am est)

The market remains in neutral condition with no solid direction. Since the first neutral trading range has been completed, it is recommended not to repeat the first trade because of the high risk at this time. Rallies up to the major resistances are still considered selling areas, as noted in the report.

Results: 08/05/03

Bought @ 978	Sold @ 981	= + $ 750.00
Sold @ 981.50	Bought @ 977	= + $1,125.00
TOTAL (P & L)		+ $1,875.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 08-06-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

962.50 intra-day channel and 962.70 peak (major area) / 964.50 peak and 965.10 intra-day channel (major area) / 969 peak (major) / 972.80 peak and 974.50 day channel also 974.90 day channel with GBX prices and 975 peak (very major area) / 976.70 peak (significant) / 979.20 minor day channel and 979.50 peak (very major area) / 981.80 day top and 982.10 GBX top (major area) / 985 day top also 987.50 day top to 989.30 day gap (major area) / 992.50 GBX top and 994.20 peak (major area) / 998.30 weekly channel and 999.30 monthly channel also 999.90 peak and 1000.40 day channel (very major area).

Support: For the Sept. contract -

958.50 bottom (major) / 954.40 minor down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (major area) / 927 weekly chart's bottom and 926 Sept. chart's bottom (very major area) / 921.50 day bottom to 920.90 day gap (major area) / 915 monthly closing price (very major area).

Comments:

The sell-off on Tuesday brought prices down to the major weekly bottom and managed to close slightly below leaving the chart in bearish condition. The possibility of rallies up to the 974 resistance can be considered a selling opportunity. Only a trade above 979.50 - 982 area can bring any bullishness back to the chart. Remain defensive inside the first neutral area between 965.10 and 958.50.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 963 - 965 area for obj. near 960 - 958.50 area. (Use a buy stop and rev. long at 966.70).

Aggressive traders can sell rallies near 972 - 974 area for obj. near 969 - 966 area. (Use a buy stop and rev. long at 983).

Buy stop at 966.70 for obj. near 969 - 970 area and possibly near 972.

Buy stop at 983 for obj. near 986 - 989.30 gap area.

Sell stop at 957.50 for obj. near 954.50 - 952 area.

Sell stop at 950.50 for obj. near 948 - 945 area.

Bulletin - (Originally sent 8/06/03 9:41 am est)

Short positions were taken at 962, which was near the 963 sell area. The sell off down to 960 meets the obj. and completes the trade.

This trade is now considered a high risk and should not be repeated.

Bulletin - (Originally sent 8/06/03 12:18 pm est)

The buy stop was hit at 966.70 putting traders into long positions. The rally up to 969 meets the obj. and completes the trade.

Bulletin - (Originally sent 8/06/03 1:59 pm est)

Short positions were taken at 972. The sell-off down to 969 meets the obj. and completes the trade.

Results: 08/06/03

Sold @ 962	Bought @ 960	= + $ 500.00
Bought @ 966.70	Sold @ 969	= + $ 575.00
Sold @ 972	Bought @ 969	= + $ 750.00
Sold @ 974	Bought @ 966	= + $2,000.00
TOTAL (P & L)		+ $3,825.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 08-07-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

966.30 and 967.80 peaks also 968.40 day channel and 969.50 peak (major area) / 974.50 intra-day channel and 976.30 minor day channel also 975.50 day top (very major area) / 979.60 weekly closing price and 980.30 day session closing price (major area) / 981.80 day top and 982.10 GBX top (major area) / 985 day top (major) / 987.50 day top to 989.30 day gap (major area) / 992 GBX top and 994.20 peak (major area) / 998.30 weekly channel and 999.30 monthly channel (very major area).

Support: For the Sept. contract -

962.50 and 961 base also 960.10 newly developed long-term day channel (very major area) / 959.20 base and 958.50 double bottom (major area) / 952.50 minor down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (major area) / 927 weekly chart's bottom and 926 Sept. chart's bottom (very major area) / 921.50 day bottom to 920.90 day gap (major area) / 915 monthly closing price (very major area).

Comments:

The trading range on Wednesday remained inside the neutral area but the closing price kept the market in a neutral to slightly bearish condition. Rallies near 966 - 968 area are considered a sell as well as the 974 - 976.10 area. Only a trade above 976.10 can bring some bullishness back to the chart. A trade above the 981.80 area can bring prices up near the 998.30 999.30 area, which will be considered a great selling area. A trade below the 958.50 double bottom is bearish for lower prices. Remain defensive inside the first neutral area between 968.40 - 960.10 area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 966 - 968 area or buy dips near 962.50 - 960.10 area, whichever side comes first to complete the trade. (Use a buy stop and rev. long at 970). (Use a sell stop and rev. short at 957.50).

Aggressive traders can sell rallies near 974 - 976.10 area for obj. near 970 - 968 area. (Use a buy stop and rev. long at 983). (Conservative traders can use a protective buy stop at 977.70. Do not rev. long).

Buy stop at 970 for obj. near 973.50 - 975.50 area.

Buy stop at 983 for obj. near 986 - 987.50 area and possibly near 989.30 gap.

Sell stop at 957.50 for obj. near 952 and possibly near 948.

Sell stop at 942 for obj. near 937 - 935 area and possibly near 930.90.

Bulletin - (Originally sent 8/07/03 9:42 am est)

Short positions were taken at 966.50. The sell off down to 964 is showing signs of support for traders to take profits and complete the trade.

Bulletin - (Originally sent 8/07/03 9:50 am est)

Long positions were taken at 962.50. The rally up to 965 is near enough to the 966 obj. and completes the trade.

Bulletin - (Originally sent 8/07/03 11:45 am est)

The buy stop was hit at 970, putting traders into long positions. The rally up to 972.50 is near enough to the 973.50 obj. and should be considered the area to complete the trade.

There remains heavy resistance at the 974 - 976.10 area, which should still be considered a selling area.

Bulletin - (Originally sent 8/07/03 1:37 pm est)

The rally up to 973.30 was near enough to the 974 sell and put traders into short positions. The sell-off down to 970 meets the obj. and completes the trade.

Bulletin - (Originally sent 8/07/03 2:03 pm est)

Because of the significance of the area the 974 - 976.10 area is still considered a selling area.

Short positions were taken at 974. The obj. is near 970 - 968 area. Continue to use a buy stop and rev long at 983.

Bulletin - (Originally sent 8/07/03 3:02 pm est)

Short positions were taken at 973.50. The sell-off down to 969 completes the trade.

Bulletin - (Originally sent 8/07/03 3:17 pm est)

NOTE: The market is showing signs of support at the 969 area. If the market can close today at 970 or above it will leave the chart slightly bullish for tomorrows trading session. A bullish close can bring prices near the 998 - 999.30 major resistance, which is a selling opportunity. A trade above the 999.30 - 1004.20 area will be considered a breakout for higher prices and can bring the uptrend back into play. If the uptrend materializes then prices can eventually reach up near the 1168 area, which is the major 50% retracement over the last two years of trading. A trade below the 958.50 area will keep the downtrend intacked for prices to possibly reach down near the 900 area, which is the 50% retracement from the 1015.80 high and the 767 low.

Results: 08/07/03

Sold @ 966.50	Bought @ 964	= + $ 625.00
Bought @ 962.50	Sold @ 965.50	= + $ 750.00
Bought @ 970	Sold @ 972.50	= + $ 625.00 sold as per bulletin
Sold @ 973	Bought @ 970	= + $ 750.00
Sold @ 973.50	Bought @ 969	= + $1,125.00 sold again as per bulletin
TOTAL (P & L)		+ $3,875.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 08-08-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

979.50 peak and 979.60 weekly closing price also 980.30 day session closing price and 981.80 day top (very major area) / 983.30 peak and 985 day top (major area) / 987.50 day top to 989.30 day gap (major area) / 992.50 GBX top and 994.20 peak (major area) / 997.90 day channel and 998.30 weekly channel also 999.30 monthly channel (very major area) / 1003.80 day top and 1004.30 weekly channel (very major area) / 1006.70 major weekly channel and 1007.70 weekly channel (very major area).

Support: For the Sept. contract -

971.50 intra-day channel and 971.50 base (major area) / 968.70 and 968.30 base (major area) / 965.50 minor day channel also 964.80 minor day channel and 964.50 base (very major area) / 962 day bottom and 961.80 long-term day channel (very major area) / 958.50 double bottom (major area) / 952 day bottom and 951 minor down channel (major area) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (major area).

Comments:

The recovery rally on Thursday managed to close the day session above the 970 area, which is slightly bullish for possible rallies. A trade above the 979.60 - 981.80 area is bullish and can bring prices up to challenge the 998.30 - 999.30 major resistance, which still can be considered a selling opportunity if it gets there. A trade today below 965.50 - 961.80 area is bearish and a trade below the 958.50 double bottom will confirm the downtrend intact for lower prices. Remain defensive today inside the 979.60 - 968.70 neutral area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 977.50 - 980 area for obj. near 974 - 971.50 area. (Use a buy stop and rev. long at 983).

Aggressive traders can buy dips near 966 - 965.50 area for obj. near 970 - 971 area. (Use a sell stop and rev. short at 964.50).

Buy stop at 983 for obj. near 986 - 989.30 gap area.

Sell stop at 964.50 for obj. near 962.50 - 961.80 area.

Sell stop at 957 for obj. near 952 - 951 area and possibly near 948 gap area.

Bulletin - (Originally sent 8/08/03 10:20 am est)

Short positions were taken at 977.80 on the opening and at 979.50. The sell-off down to 975 is near enough to the 974 obj. and completes the trade.

Results: 08/08/03

Sold @ 977.80	Bought @ 975	= + $ 700.00
Sold @ 979.50	Bought @ 975	= + $1,125.00
TOTAL (P & L)		+ $1,825.00

The week in review - 08/11/03 0 08/15/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 08-11-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

979 and 979.20 minor day channels also 980.30 day session closing price (major area) / 981.80 day top and 982.10 GBX top (major area) / 985 day top (major) / 987.50 day top to 989.30 monthly gap (major area) / 992.50 GBX top and 992.80 minor weekly channel also 994.20 peak (very major area) / 997.90 day channel and 999.30 monthly channel also 1000.80 long-term weekly channel (very major area) / 1003.80 weekly top and 1003.90 major weekly channel (very major area) / 1004.90 monthly channel and 1005.40 weekly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.80 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area).

Support: For the Sept. contract -

976.20 base and 974.80 intra-day channel also 974.50 intra-day channel (major area) / 973.60 and 973.50 base area also 972 day bottom (major area) / 969 and 967.60 minor day channels also 966.60 newly developed weekly channel (very major area) / 963 long-term day channel and 962.80 minor weekly channel also 962 day bottom (very major area) / 958.50 double day bottom and 958.10 minor down channel (very major area) / 952.30 minor weekly down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (major area) / 927 weekly chart's bottom and Sept. chart's bottom (very major area).

Comments:

Friday's closing price leaves the chart in totally neutral condition and subject to swings inside the 992.80 - 966.60 weekly trading range. A trade above 992.80 is slightly bullish and a trade above 999.30 and 1005.40 will be considered a breakout for higher prices to follow. A trade below 966.60 and 962.80 weekly channel is bearish. A trade below the 958.50 bottom will confirm the downtrend intact for lower prices to follow. Remain defensive inside the 992.80 - 966.60 neutral weekly trading range.

Day trades: For The Sept. contract -

Aggressive traders can buy dips near 969 - 966.60 area for obj. near 974 - 976 area. (Use a sell stop and rev. short at 965).

Aggressive traders can sell rallies near 989 - 992.80 area for obj. near 983.50 - 980.50 area. (Use a buy stop and rev. long at 995).

Buy stop at 983.70 for obj. near 987 - 989.30 gap area and possibly near 992.

Buy stop at 995 for obj. near 997.50 - 999.30 area.

Sell stop at 973.70 for obj. near 969 - 966.60 area.

Sell stop at 957.50 for obj. near 953 - 952 area and possibly near 948 gap.

Bulletin - (Originally sent 8/11/03 11:57 am est)

The buy stop was hit at 983.70, putting traders into long positions. The protective sell stop at 979, which was two forward slashes in reverse, was hit completing the trade with a loss.

The sell-stop was hit at 973.70, putting traders into short positions. The market is showing signs of support at the 973.20 low, which can be considered a double bottom to the 973.50 base area.

It is recommended for trades to exit the short position near 974.50 - 974 area and scratch the trade.

Results: 08/11/03

Bought @ 983.70	Sold @ 979	= - $1,175.00
Sold @ 973.70	Bought @ 974	= - $ 75.00
TOTAL (P & L)		- $1,250.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 08-12-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

981.50 intra-day channel and 982 day channel (major area) / 984.70 and 985 day tops (major area) / 987.50 to 989.30 monthly gap (major area) / 992.50 GBX top and 992.80 minor weekly channel also 994.20 peak (very major area) / 997 day channel and 999.30 monthly channel also 1000.80 long-term weekly channel (very major area) / 1003.80 weekly top and 1003.90 major weekly channel (very major area) / 1004.90 monthly channel and 1005.40 weekly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.80 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area).

Support: For the Sept. contract -

978.60 intra-day and minor day channels also 977.50 and 976 base areas (major area) / 974.20 minor day channel and 973.10 day bottom also 972.50 minor day channel and 972 day bottom (very major area) / 970.40 minor day channel (major) / 965.10 long-term day channel and 962.80 minor weekly channel also 962 day bottom (very major area) / 959.20 day bottom and 958.50 double bottom also 958 minor down channel (very major area) / 952.30 minor weekly down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area) / 930.90 weekly closing price (major area) / 927 weekly chart's bottom (very major area).

Comments:

The whiplashing action on Monday proved the neutral condition. The market closed on Monday leaving the chart neutral inside a narrow range between 982 and 974.20 area. Rallies above 982 - 985 area can challenge the 992.80 weekly channel resistance. A trade below 974.20 - 972 area can challenge the 962.80 support area. Remain defensive inside these neutral areas until a solid direction can be established.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 981 - 982 area for obj. near 976 - 974.20 area. (Use a buy stop and rev. long at 985.70).

Aggressive traders can buy dips near 974.20 - 970.50 area for obj. near 977 - 979 area. (Use a sell stop and rev. short at 969).

Buy stop at 985.70 for obj. near 989 - 992 area.

Buy stop at 994.70 for obj. near 997 - 999.30 area.

Sell stop at 969 for obj. near 965.50 and possibly near 962.50.

Sell stop at 957.50 for obj. near 953.50 - 952 area and possibly near 948 gap.

Bulletin - (Originally sent 8/12/03 9:57 am est)

Short positions were taken at 981.50. The sell-off down to 979.30 is showing signs of support.

It is recommended to exit the short position and take profits near 979.

Bulletin - (Originally sent 8/12/03 10:02 am est)

The 979.30 support area is proving to hold. It is recommended for traders to exit the short position at 981 and scratch the trade.

Bulletin - (Originally sent 8/12/03 3:13 pm est)

The buy stop was hit at 985.70, putting traders into long positions. The rally up to 987.50 was near enough to the 989 obj. and completes the trade.

Traders missing this sell signal, should exit near 984 - 985 area and cut losses. The market has the potential to sell off from this resistance area.

Results: 08/12/03

Sold @ 981.50	Bought @ 981	= + $ 125.00
Bought @ 985.70	Sold @ 987.50	= + $ 450.00
TOTAL (P & L)		+ $ 575.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 08-13-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

992.50 GBX top and 992.80 minor weekly channel also 994.20 peak (very major area) / 996.20 day channel and 996.80 weekly closing price (major area) / 999.30 monthly channel and 1000.80 long-term weekly channel (very major area) / 1003.80 weekly top and 1003.90 major weekly channel (very major area) / 1004.90 monthly channel and 1005.40 weekly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.80 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area).

Support: For the Sept. contract -

989.50 and 989.20 base also 989 intra-day channel (major area) / 984.50 day channel and 983.50 base (very major area) / 975.50 minor day channel (major) / 973.50 minor day channel and 973.10 weekly bottom also 972 day bottom (very major area) / 966.70 major day channel and 966.60 weekly channel (very major area) / 962.80 minor weekly channel and 962 day bottom (very major area) / 958.50 double bottom and 958.10 minor weekly down channel (very major area) / 952.30 minor weekly down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area).

Comments:

The rally on Tuesday managed to close up for the fifth day in a row, but continues to remain inside the major weekly trading range between 1000.80 and 966.60. The market is now facing the 992.80 and the 999.30 - 1000.80 channel resistances, which can possibly put a lid on any further rallies. A trade above the 1000.80 and also 1004.90 channels will bring solid bullishness back to the chart for higher prices. A trade today below 984.50 is slightly bearish but only a trade below 966.60 can bring any solid bearishness back to the chart. Remain defensive inside the 1000.80 - 966.60 major trading range and the 996.10 - 984.50 first neutral range.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 992 - 992.80 are for obj. near 989.50 - 989.20. (Use a protective buy stop at 994.50. Do not rev. long).

Aggressive traders can sell rallies near 996 - 999 area and if possible near 1000.80 for obj. near 986 - 984.50 area. (Use a buy stop and rev. long at 1005.70).

Aggressive traders can buy dips near 986 - 984.50 area for obj. near 992 - 994 area. (Use a sell stop and rev. short at 981.50).

Buy stop at 1005.70 for obj. near 1007.20 - 1010 area and possibly near 1013.

Sell stop at 981.50 for obj. near 968 - 966.60 area.

Sell stop at 957.50 for obj. near 953 - 952 area.

Bulletin - (Originally sent 8/13/03 10:18 am est)

Long positions were taken at 986.50. The rally up to 989.50 is worthy enough to take profits due to the neutral conditions at this time. Traders who did not exit the long positions should due so immediately.

Bulletin - (Originally sent 8/13/03 1:08 pm est)

The intra-day support is now at 981. Cancel the 981.50 sell stop and replace it with a sell stop at 979. If the sell stop at 979 gets hit the obj. will be to exit and take profits near 971 - 968 area.

Results: 08/13/03

Sold @ 992	Bought @ 989	= + $ 750.00
Bought @ 986.50	Sold @ 989.50	= + $ 750.00
TOTAL (P & L)		+ $1,500.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 08-14-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

986.50 intra-day channel also 988 and 989.50 peaks (major area) / 991 and 991.20 peaks also 991.60 newly developed day channel and 992.80 day top (major area) / 993.40 GBX top and 995 day channel also 996.80 weekly closing price (major area) / 999.30 monthly channel and 1000.80 long-term weekly channel (very major area) / 1003.80 weekly top and 1003.90 major weekly channel (very major area) / 1004.90 monthly channel and 1005.40 weekly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.80 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area).

Support: For the Sept. contract -

984.20 newly developed day channel and 983.10 minor day channel (major area) / 980.80 minor day channel and 979.80 day bottom also 979 minor day channel and 978.80 day bottom (very major area) / 976 minor day channel (major) / 968.40 major day channel and 966.60 weekly channel (very major area) / 962.80 minor weekly channel and 962 day bottom (very major area) / 958.50 double bottom and 958.10 minor weekly down channel (very major area) / 952.30 minor weekly down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area).

Comments:

The whiplashing action on Wednesday continues to prove the neutral condition of the market. A trade above 999.30 - 1000.80 is bullish. A trade below 966.60 is bearish. Remain defensive inside the first neutral area between 991.50 - 983.10 area.

Day trades: For The Sept. contract -

Aggressive traders can buy dips near 984.50 - 983.50 area or sell rallies near 986.50 - 988 area, whichever side comes first to complete the trade. (Use a protective sell stop at 983. Do not rev. short). (Use a protective buy stop at 989.70. Do not rev. long).

Aggressive traders can buy dips near 979 - 977 area for obj. near 985 - 986 area. (Use a sell stop and rev. short at 975).

Aggressive traders can sell rallies near 999 - 1000.80 for obj. near 995 - 993 area. (Use a buy stop and rev. long at 1005.70).

Sell stop at 975 for obj. near 970 - 968 area and possibly near 966.60.

Sell stop at 957 for obj. near 953 - 952 area and possibly near 948 gap.

Buy stop at 1005.70 for obj. near 1009 - 1013 area.

Buy stop at 1018.70 for obj. near 1021 - 1024 area.

Bulletin - (Originally sent 8/14/03 9:44 am est)

Short positions were taken on the opening at 985.60. The sell off down to 983.50 completes the trade. This trade is now considered a high risk and a very aggressive trade and should not be repeated.

Bulletin - (Originally sent 8/14/03 9:45 am est)

The sell off down to 980 is near enough to the 979 buy area, putting trades into long positions. The obj. and sell stops remain the same as listed in the second trade.

Bulletin - (Originally sent 8/14/03 10:32 am est)

Long positions were taken at 980. The rally up to 985.50 meets the obj. and completes the trade.

Bulletin - (Originally sent 8/14/03 2:58 pm est)

The technical structure of the market is showing signs of support at this time.

The trade recommendation to sell near 999 - 1000.80 is still a worthy trade as long as it materializes within the next 45 minutes. It will be considered a very aggressive trade 1/2 hour before the close and a high risk. This trade will be cancelled from the report 30 minutes before the close today.

Results: 08/14/03

Sold @ 985.60	Bought @ 983.50	= + $ 525.00
Bought @ 980	Sold @ 985.50	= + $1,375.00
TOTAL (P & L)		+ $1,900.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 08-15-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

990.20 and 990.80 minor day channels also 991.10 day channel with GBX prices and 991.80 day top (major area) / 992.80 day top and weekly channel also 993.40 GBX top and 994.50 major day channel (very major area) / 996.80 weekly closing price (major) / 999.30 monthly channel and 1008.80 long-term weekly channel (very major area) / 1003.80 weekly top and 1003.90 major weekly channel (very major area) / 1004.90 monthly channel and 1005.40 weekly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.80 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices and 1026.10 monthly channel (very major area).

Support: For the Sept. contract -

987.50, 986.80 and 986.50 base areas (major area) / 984.30 base also 983 and 982.50 day channels also 981.60 minor day channel (major area) / 979.50 and 978.80 day bottom also 978.80 minor day channel and 978 weekly closing price (very major area) / 973.10 and 972 day bottoms also 970 major day channel (very major area) / 966.60 weekly channel (very major area) / 962.80 minor weekly channel and 962 day bottom (very major area) / 958.50 double bottom and 958.10 minor weekly down channel (very major area) / 952.30 minor weekly down channel and 952 day bottom (major area) / 948 day gap and 945 day bottom (very major area).

Comments:

The whiplashing action on Thursday again proves the neutral condition of the area. A trade today above 991 - 994.50 is slightly bullish but a trade and close above 999.30 - 1000.80 will be considered a breakout for higher prices to follow. A trade below 983 and 978.80 is slightly bearish but a trade below 966.60 will be considered a failure of the major support for lower prices to follow. The GBX session opened with a sell-off making a low at 968 last night. This can possibly prove the support for this week has been established and a set-up for higher prices. Remain defensive inside the 994.50 - 978.80 neutral range until a solid direction is established.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 990 - 991 area or buy dips near 984.50 - 982.50 area, whichever side comes first, to complete the trade. (Use a protective buy stop at 995. Do not rev. long). (Use a sell stop and rev. short at 975.70).

Sell stop at 975.70 for obj. near 972 - 970 area and possibly near 966.60.

Sell stop at 957 for obj. near 953 - 952 area and possibly near 948 gap.

Very aggressive traders can use a buy stop at 995.50 for obj. near 998 - 999.30 area and possibly near 1000.80.

Buy stop at 1005.70 for obj. near 1009 - 1013 area.

Bulletin - (Originally sent 8/15/03 9:36 am est)

The rally up to 989.30 is near enough to the 990 sell area, putting traders into short positions. The obj. is now moved to 986 - 984.50 area.

Bulletin - (Originally sent 8/15/03 9:44 am est)

The neutral conditions in the market are proving the 986.90 low to be supportive.

It is recommended for traders to exit the short position at the market and take profits. The market is trading at 987.80 at this time.

Bulletin - (Originally sent 8/15/03 9:52 am est)

A sell-off down to 970 - 966.60 area is considered major support and a buying area at this time.

Aggressive traders can buy dips near 972 - 966.60 area for obj. near 980 - 982. (Use a protective buy stop at 963.60. Do not rev. short).

Bulletin - (Originally sent 8/15/03 10:01 am est)

Aggressive traders can buy dips near 984.50 - 983 area for obj. near 986 - 987 area. (Use a protective sell stop at 981. Do not rev. short).

Bulletin - (Originally sent 8/15/03 10:14 am est)

The sell-off down to 985.50 just missed putting traders into long positions. The technical formation is supportive at this time for possible higher prices.

It is recommended for traders to buy near 988.50 for obj. near 994. (Use a protective sell stop at 982. Do not rev. short).

Bulletin - (Originally sent 8/15/03 12:24 pm est)

Long positions were taken at 988.50. The market is proving 992.50 to be resistance at this time.

It is recommended for traders to exit the long position near 988.50 - 989.50 and scratch the trade.

Results: 08/15/03

Sold @ 989	Bought @ 987.80	= + $ 300.00
Bought @ 988.50	Sold @ 988.20	= - $ 75.00
TOTAL (P & L)		+ $ 225.00

The week in review - 08/18/03 - 08/22/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 08-18-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

991.50 day channel and 992.50 day top also 993.40 GBX top and 993.70 day channel (major area) / 997.30 weekly channel and 999.30 monthly channel (very major area) / 1000.30 major day channel and 1001.20 major weekly channel also 1003 weekly channel and 1003.80 weekly top (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.60 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area).

Support: For the Sept. contract -

989.50 intra-day channel and 989 base (major area) / 986.50 day channel and 986 base also 985.50 day bottom also 983.80 minor day channel (very major area) / 979.50 and 978.80 also 978 weekly closing price and 977.50 newly developed weekly channel (very major area) / 974.70 major weekly channel and 973 day session bottom (very major area) / 968 GBX weekly bottom and 967.10 weekly channel (very major area) / 958.50 double bottom and 957.70 weekly down channel (very major area) / 952 day bottom (major) / 948 day gap and 946 weekly down channel also 945 day bottom (very major area).

Comments:

The neutral condition that has established over the past few months is showing signs of technical support. The higher weekly close also adds to the support for possible higher prices to develop. A trade above 993.80 is slightly bullish but a trade above 999.30 and 1003 will be considered a breakout for higher prices to develop. A trade today below 986.50 is slightly bearish but a trade below 977.50 will bring the bearishness back to the chart. A trade below 967.10 will confirm lower prices to follow. Remain defensive inside the first neutral range between 997.30 and 986.50 area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 994 - 997 area and if possible near 999 for obj. near 990.50 - 989.50 area. (Use a buy stop and rev. long at 1004.70).

Aggressive traders can buy dips near 989.50 - 986.50 area for obj. near 992 - 994 area. (Use a sell stop and rev. short at 983).

Buy stop at 1004.70 for obj. near 1009 - 1013 area.

Buy stop at 1018.70 for obj. near 1021 - 1023 area.

Sell stop at 983 for obj. near 980.50 - 979.50 area.

Sell stop at 971.70 for obj. near 968.50 - 967.10 area.

Bulletin - Originally sent 08/18/03 (10:24 am est)

Short positions were taken at 994.50. The sell-off down to the 992 area is showing signs of support for possible rallies.

It is recommended for traders to exit the short positions at the market, which is trading at 993.70 at this time and scratch the trade.

Results: 08/18/03

Sold @ 994.50	Bought @ 993.70	= + $ 200.00
TOTAL (P & L)		+ $ 200.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 08-19-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

999.70 newly developed day channel and 1000.30 major day channel and top also 1001.20 major weekly channel (very major area) / 1003 weekly channel and 1003.80 weekly top (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.60 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area) / 1053 day top (major) / 1061 weekly top and 1067.50 monthly closing price (major area).

Support: For the Sept. contract -

998.30 and 997.80 base also 997.50 minor day channel and 997.30 base (major area) / 995 minor day channel also 995.30 and 994.30 base (major area) / 990.50 weekly closing gap and 990 day channel (very major area) / 981 minor day channel also 979.50 and 978.80 day bottoms also 977.50 minor weekly channel (very major area) / 974.70 major weekly channel and 973 day session bottom (very major area) / 968 GBX weekly bottom and 967.10 weekly channel (very major area) / 958.50 double bottom and 957.10 weekly down channel (very major area).

Comments:

The rally on Monday brought prices up to a major resistance but managed to close higher then the last 23 days closings leaving the chart in neutral to bullish territory. A trade above 1003 channel and 1003.80 top will be considered a breakout for higher prices to follow. A trade above 1013.60 - 1015.80 will confirm the uptrend intact for prices to challenge the 1026.10 monthly channel. A trade today below 990 is slightly bearish but only a trade below 977.50 - 974.70 area can bring any solid bearishness back to the chart. Remain defensive inside the 1003 - 990 trading range.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 1000.30 - 1003 area for obj. near 998 - 997.50 area. (Use a buy stop and rev. long at 1004.70).

Aggressive traders can buy dips near 991.50 - 990 area for obj. near 996 - 997. (Use a sell stop and rev. short at 987).

Buy stop at 1004.70 for obj. near 1007 - 1010 area and possibly near 1013.

Buy stop at 1018.70 for obj. near 1021 - 1024 area and possibly near 1026.10.

Sell stop at 987 for obj. near 985 - 984.70 area.

Sell stop at 983 for obj. near 980 - 977.50 area and possibly near 974.70 area.

Bulletin - Originally sent 08/19/03 (9:43 am est)

Short positions were taken at 1002. The sell off down to 1000.30 is showing signs of support. The neutral to bullish conditions make short positions risky at this time. Traders should exit the short position near 1001 and take profits.

Results: 08/19/03

Sold @ 1002	Bought @ 1000.50	= + $ 375.00
Sold @ 1002	Bought @ 997.50	= + $1,125.00
TOTAL (P & L)		+ $1,500.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 08-20-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

1002.70 newly developed day channel and 1003.80 weekly top also 1004 day top and 1004.90 monthly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.60 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area) / 1053 day top (major) / 1061 weekly top and 1067.50 monthly closing prices (major area).

Support: For the Sept. contract -

1000.30 intra-day channel and 1000.10 minor day channel (major area) / 999.20 and 998.40 minor day channels with GBX prices also 998.50 and 998.30 GBX bottom (major area) / 994.50 day bottom and 993.50 day channel also 992 day bottom (very major area) / 990.50 weekly closing gap and 988.10 minor day channel (very major area) / 985.50 day bottom (major) / 979.50 and 978.80 day bottoms also 977.50 minor weekly channel (very major area) / 974.70 major weekly channel and 973 day session bottom (very major area) / 968 GBX weekly bottom and 967.10 weekly channel (very major area) / 958.50 double bottom and 957.10 weekly down channel (very major area).

Comments:

The follow-through rally on Tuesday closed the market up nine out of ten days in a row, but could not penetrate the 1003.80 - 1004.90 area leaving the chart defensive for possible whiplashing before a solid direction is established. A trade above 1004.90 monthly channel will be considered a breakout and a trade above 1013.60 - 1015.80 will confirm the uptrend intact for higher prices. A trade today below 993.50 and 988.10 areas is slightly bearish but only a trade below the 977.50 - 974.70 area can bring any solid bearishness to the chart. Remain defensive inside the first neutral area between 1002.70 - 998.40 area and also the 1004.90 - 993.50 area.

Day trades: For The Sept. contract -

Aggressive traders can buy dips near 1000 - 998.40 area or sell rallies near 1002 - 1003 area whichever side comes first to complete the trade. (Use a protective sell stop at 996.50. Do not rev. short). (Use a buy stop and rev. long at 1005.70).

Aggressive traders can buy dips near 994.50 - 993.50 and if possible near 990.50 gap for obj. near 998 - 999.50 area. (Use a sell stop and rev. short at 985).

Buy stop at 1005.70 for obj. near 1009 - 1013 area.

Buy stop at 1018.70 for obj. near 1021 - 1023 area and possibly near 1026.10.

Buy stop at 1029.50 for obj. near1035 - 1040 area.

Sell stop at 985 for obj. near 980 - 977.50 area and possibly near 974.70.

Sell stop at 965 for obj. near 960 - 957 area.

Bulletin - Originally sent 08/20/03 (9:48 am est)

Even though the first buying area was listed at 998.40 the market was trading at 997 when the trade was issued, putting traders into long positions at 997. The obj. for this trade is now at 999.50 - 1000.50. (Continue using a protective sell stop at 996.50. Do not rev. short).

Bulletin - Originally sent 08/20/03 (9:58 am est)

The long position that was taken at 997 was completed with the rally at 999.50.

Bulletin - Originally sent 08/20/03 (11:27 am est)

The sell off down to 995.80 was near enough to the 994.50 putting traders into long positions. The rally up to 999.50 - 1000.50 completes the trade.

Bulletin - Originally sent 08/20/03 (12:55 pm est)

The rally up to 1002 put traders into short positions. The sell-off down to 1000 meets the obj. and completes the trade.

Results: 08/20/03

Bought @ 997	Sold @ 999.50	= + $ 625.00
Bought @ 995.80	Sold @ 1000	= + $1,050.00
Sold @ 1002	Bought @ 1000	= + $ 500.00
TOTAL (P & L)		+ $2,175.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 08-21-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

1001.50 intra-day channel (major) / 1002.50 peak and 1002.80 newly developed day channel (major area) / 1003.20 double top and 1003.80 weekly top also 1004 day top and 1004.90 monthly channel (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.60 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area) / 1053 day top (major) / 1061 weekly top and 1067.50 monthly closing prices (major area).

Support: For the Sept. contract -

998.50 intra-day channel and 998.30 base (major area) / 997.70 minor day channel and 997 day channel (very major area) / 995.80 day bottom and 994.50 day bottom (major area) / 992 day bottom and 990.50 minor day channel also 990.50 weekly closing gap and 989.80 GBX bottom (major area) / 985.50 day bottom (major) / 979.50 and 978.80 day bottoms also 977.50 minor weekly channel (very major area) / 974.70 major weekly channel and 974.50 major day channel also 973 day session bottom (very major area) / 968 GBX weekly bottom and 967.10 weekly channel (very major area) / 958.50 double bottom and 957.10 weekly down channel (very major area).

Comments:

The whiplashing action on Wednesday managed to remain inside the neutral trading range leaving the chart neutral today inside a narrow trading range between 1004.90 and 997. A trade above 1004.90 can bring prices up to challenge the 1013.60 channel and 1014.80 double top. A trade above 1014.80 - 1015.80 area can bring prices up to challenge the 1026.10 monthly channel. A trade today below 997 is slightly bearish but a trade below the 990.50 channel and gap area can bring prices down to challenge the 977.50 and 974.70 weekly channels. Overall, the chart remains neutral to bullish for possible higher prices and only a trade below 974.70 can bring any solid bearishness back to the chart. Remain defensive inside the 1004.90 - 990.80 trading range.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 1004 - 1004.90 area for obj. near 999 - 997 area. (Use a buy stop and rev. long at 1007.90).

Aggressive traders can buy dips near 999 - 997 for obj. near 1002 - 1003 area. (Use a protective sell stop at 994.30. Do not rev. short).

Aggressive traders can buy dips near 991.50 - 990.50 area for obj. near 995 - 997 area. (Use a sell stop and rev. short at 985).

Buy stop at 1007.90 for obj. near 1010 - 1013.60 area.

Buy stop at 1018.90 for obj. near 0121 - 1024 area and possibly near 1026.10.

Buy stop at 1029.50 for obj. near 1035 - 1042 area.

Sell stop at 985 for obj. near 980 - 977.50 area and possibly near 974.70.

Sell stop at 965 for obj. near 960 - 957.10 area.

Bulletin - Originally sent 08/21/03 (9:54 am est)

Short positions were taken on the opening at 1004. The sell off down to 1002 is showing signs of support and the possibility for the obj. to fail.

It is recommended for traders to exit short positions near 1004 and scratch the trade.

Bulletin - Originally sent 08/21/03 (10:07 am est)

The buy stop was hit at 1007.90 putting traders into long positions. The rally up to 1009.10 can prove to be enough resistance at this time to stimulate some selling pressure.

It is recommended for traders to exit the long position at the market, which is trading at 1008.80 and scratch the trade.

Bulletin - Originally sent 08/21/03 (11:26 am est)

The sell-off down to 999 put traders into long positions. The rally up to 1001.70 is near enough to the 1002 obj. and completes the trade.

Results: 08/21/03

Sold @ 1004	Bought @ 1004.70	= - $ 175.00
Bought @ 1007.90	Sold @ 1009	= + $ 275.00
Bought @ 999	Sold @ 1001.70	= + $ 675.00
Bought @ 999	Sold @ 1003	= + $1,000.00
TOTAL (P & L)		+ $1,775.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 08-22-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Sept. contract -

1004 intra-day channel also 1004.80 and 1006.80 peaks (major area) / 1008 peak and 1009.30 newly developed day channel also 1009.50 and 1010 day tops (major area) / 1013.60 minor weekly channel and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023 day top (major area) / 1025.60 and 1028.30 weekly closing prices also 1026.10 monthly channel (very major area) / 1038 day top and 1042.20 monthly channel (very major area) / 1053 day top (major) / 1061 weekly top and 1067.50 monthly closing prices (major area).

Support: For the Sept. contract -

1000.50 day channel also 999.80 intra-day channel and 999.70 base also 999.60 minor day channel and 998.50 day bottom (major area) / 995.80 and 994.50 day bottom (major area) / 992.50 minor day channel and 992 day bottom also 990.50 weekly closing gap and 989.80 GBX bottom (very major area) / 985.50 day bottom (major) / 979.50 and 978.80 day bottoms also 977.50 minor weekly channel (very major area) / 976.10 major day channel and 974.70 major weekly channel (very major area) / 968 GBX weekly bottom and 967.10 weekly channel (very major area) / 958.50 double bottom and 957.10 weekly channel (very major area).

Comments:

The whiplashing action continued in Thursday's session leaving the chart neutral inside the 1013.60 - 999.60 trading range. A trade above 1013.60 - 1015.80 can bring prices up to challenge the 1026.10 monthly channel. A trade below 999.60 can bring prices down to challenge the 992.50 - 990.50 gap area. Remain defensive inside the 1013.60 - 999.60 trading area.

Day trades: For The Sept. contract -

Aggressive traders can sell rallies near 1009 - 1013 area for obj. near 1005 - 1004 area. (Use a buy stop and rev. long at 1018.90).

Aggressive traders can buy dips near 1001 - 999.60 area for obj. near 1004 - 1006 area. (Use a sell stop and rev. short at 997).

Buy stop at 1018.90 for obj. near 1021 - 1024 area and possibly near 1026.10.

Buy stop at 1030.50 for obj. near 1035 - 1038 area.

Sell stop at 997 for obj. near 994 - 992 area and possibly near 990.50.

Sell stop at 985 for obj. near 980 - 977.50 area.

Bulletin - Originally sent 08/22/03 (9:47 am est)

Short positions were taken on the opening at 1012. The obj. is now at 1008.50 - 1006 area.

Bulletin - Originally sent 08/22/03 (9:53 am est)

Short positions at 1012 was complete with the trade at 1008.50.

Bulletin - Originally sent 08/22/03 (10:47 am est)

The sell off down to 1002 was near enough to the 1001 area putting traders into long positions. The rally up to 1005 completes the trade.

Bulletin - Originally sent 08/22/03 (10:51 am est)

The sell off down to the low end of the buying area came to play where traders can attempt long positions again. Long positions were taken at 1001. The obj. still remains again at 1004 - 1006 area. (Continue to use a sell stop and rev. short at 997).

Bulletin - Originally sent 08/22/03 (11:03 am est)

Long positions were taken at 1001. The rally up to 1003.50 is near enough to 1004 and completes the trade.

Bulletin - Originally sent 08/22/03 (1:09 pm est)

The 997 sell stop was hit putting traders into short positions. The market is showing signs of support in this area.

It is recommended to exit the short position at the market, which is trading at 998.80 at this time, and cut losses.

Results: 08/22/03

Sold @ 1012	Bought @ 1008.50	= + $ 875.00
Bought @ 1002	Sold @ 1005	= + $ 750.00
Bought @ 1001	Sold @ 1003.50	= + $ 625.00
Sold @ 997	Bought @ 998.80	= - $ 450.00
TOTAL (P & L)		+ $1,800.00

The Tech Guru, Inc. 52-56 West Main Street Luray, VA 22835 540-843-GURU (FAX) 540-743-4056

Send mail to webmaster@thetechguru.com with questions or comments about this web site.
Copyright © 2000-2006 The Tech Guru, Inc.
Last Modified: December 19, 2006

The Tech Guru, Inc. 52-56 West Main Street Luray, VA 22835 540-843-GURU (FAX) 540-743-4056

Send mail to webmaster@thetechguru.com with questions or comments about this web site. Copyright © 2000-2006 The Tech Guru, Inc. Last Modified: December 19, 2006

Send mail to webmaster@thetechguru.com with questions or comments about this web site.
Copyright © 2000-2006 The Tech Guru, Inc.
Last Modified: December 19, 2006