|
|
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.
To subscribe to the S & P day trade
recommendations click here:
If you have any questions, please e-mail them to:
support@thetechguru.com
or call (540) 843-GURU (4878)
The
week in review - 01/05/04
- 01/09/04
The Tech Guru's S & P Day
Trading Recommendations
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Monday 1-05-04 : 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 March contract -
1109 intra-day channel and 1109.70 peak (major area) /
1113.20, 1113.80 and 1114.10 peak area also 1115.60 new long-term major
weekly channel (very major area)
/ 1117.40 major weekly channel and 1117.50 peak also 1118 day top and
1120.20 daily upper channel (very major
area) / 1121.70 new long-term weekly upper channel also
1122 weekly top (major area) / 1126 March's weekly top
and 1126.70 weekly chart's closing gap also 1127.50 monthly upper
channel and 1128 GBX weekly top (very
major area) / 1137 and 1139 day tops (major
area) / 1143.50 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and 1149.90
monthly top also 1153.70 major monthly upper channel and the major 50%
retracement area (very major area).
Support: For
the March contract -
1107 intra-day channel and 1106.50 major day channel also 1105.50 GBX
channel and 1105 minor day channel (very
major area) / 1103.50 day bottom and 1103.40 weekly
channel (major area) / 1098.70 minor day channel and
1097.30 weekly bottom (major area) / 1093.50 weekly
closing gap and 1093 GBX bottom also 1092.50 day bottom (major
area) / 1090.20 day bottom and 1089.90 day bottom also 1088.40
minor weekly channel (major area) / 1085.40 weekly
closing price and 1084.50 weekly bottom (major area) /
1082.40 major day channel and 1082.30 long-term major monthly channel
also 1080.50 GBX weekly bottom (very major
area) / 1078.40 minor weekly channel and 1076.70 weekly
bottom (major area) / 1075.60 GBX weekly bottom and
1075.60 minor monthly channel also 1075.30 long-term weekly channel (very
major area) / 1073.20 monthly channel and 1071.10
long-term major day channel (very major
area) / 1068.50 monthly channel and 1066.70 weekly
bottom also 1065.60 GBX weekly bottom (major area).
Comments:
The whiplashing action on Friday remained inside
the neutral trading area but managed to close the week up for the
sixth week in a row leaving the chart in neutral to bullish condition.
NOTE: The resistance at this time still remains
significant enough to stimulate retracement down near the 1098.70
support area and possibly near the 1082.30 major support. Only a
trade below 1082.30 can bring any solid bearishness back to the chart.
A trade above the 1115.60 and 1118 area is bullish. A trade
above 1126.70 - 1128 area can bring prices up to challenge the 1139 -
1143.50 area and possibly near the 1153.70 major 50% retracement area,
which is also the monthly channel resistance. Remain defensive
inside the 1115.60 - 1105 trading area until a breakout to either side
is established.
Day trades:
For The March contract -
Aggressive traders can buy dips near 1107 - 1105.50
for obj. near 1109 - 1111 area and possibly near 1113. (Use a
sell stop and rev. short at 1103).
Aggressive traders can sell rallies near 1113 -
1115.60 area and if possible near 1117 for obj. near 1110 - 1109 area
and possibly 1107. (Use a buy stop and rev. long at 1118.70).
Buy stop at 1118.70 for obj. near 1120.20 - 1122
area.
Buy stop at 1123.50 for obj. near 1125.50 - 1127.50
area.
Sell stop at 1103 for obj. near 1100 - 1098.70 area.
Sell stop at 1095.70 for obj. near 1093.70 - 1092.50
area.
Bulletin - Originally sent 01/05/04
(11:35 am est)
Short positions were taken on the opening at 1114 and again on the
rally at 1117. The sell off down to 1112.90 is considered an
intra-day double bottom to this mornings low.
It is recommended for traders to exit the short positions near
1113.50 - 1114 area. This will put both trades in a profit for
the day.
Bulletin - Originally sent 01/05/04 (11:56 am est)
The short positions that were taken at 1114 and 1117 were
completed with a buy at 1113.70.
Bulletin - Originally sent 01/05/04
(3:38 pm est)
The buy stop was hit at 1118.70 putting traders into long positions.
The rally up to 1120 is near enough to the 1120.20 obj. and
completes the trade.
Results: 01/05/04
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S
& P - For Tuesday 1-06-04 : 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 March contract -
1121.50 day top and 1121.70 long-term weekly upper channel also
1122 weekly top (major area) / 1126 March's
weekly top and 1126.70 weekly chart's closing gap also 1127.50
monthly upper channel and 1128 GBX weekly top (very
major area) / 1137.50 and 1139 day tops (major
area) / 1143.50 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and
1149.90 monthly top also 1151 March's weekly top and 1153.70 major
monthly upper channel and 1153.70 also the major 50% retracement
area (very major area)
/ 1162.50 and 1163.50 day tops (major area) /
1169 weekly top (major area) / 1177 monthly top
and 1178.50 monthly top also 1180 weekly closing gap in the March
contract (very major area).
Support: For
the March contract -
1118 intra-day channel and 1118 rev. peak (major area)
/ 1115.60 base and 1113.70 day channel with GBX prices (major
area) / 1112 day bottom (major) /
1109.60 major day channel and 1108.90 weekly closing gap and minor
day channel also 1108 GBX channel (very
major area) / 1106.60 minor day channel (very
major area) / 1103.50 day bottom and 1103.40
weekly channel also 1101.10 minor day channel (major area)
/ 1097.30 weekly bottom (major) / 1093.50 weekly
closing gap and 1093 GBX bottom also 1092.50 day bottom (major
area) / 1090.20 day bottom and 1089.90 day bottom also
1088.40 minor weekly channel (major area) /
1085.40 weekly closing price and 1085.10 minor day channel also
1084.50 weekly bottom (major area) / 1082.30
long-term major monthly channel also 1080.50 GBX bottom (very
major area) / 1078.40 minor weekly channel and
1076.70 weekly bottom (major area) / 1075.60 GBX
weekly bottom and 1075.60 minor weekly channel also 1075.30
long-term weekly channel (very major
area) / 1073.20 monthly channel and 1072.40
long-term major day channel (very
major area).
Comments:
The rally on Monday proved the bullishness in
the chart but the market still faces the 1126 - 1128 resistance
area. A trade above 1128 can bring prices up to challenge
the 1143.50 and 1153.70 major areas. A trade today below
1109.60 - 1108.70 area is slightly bearish but only a trade below
1103.50 - 1101 can put any significant bearishness into
the chart. NOTE: Only a trade below
1072.40 can possibly reverse the trend to the downside.
Remain defensive inside the first trading area between 1121.70
and 1109.60 and also between the major trading range between
1126.70 and 1101.
Day
trades: For The March contract -
Aggressive traders can buy dips near 1113.70
and if possible near 1109.60 for obj. near 1115 - 1117 area.
(Use a sell stop and rev. short at 1111.70).
Aggressive traders can sell rallies near
1121.70 - 1122 area for obj. near 1115 - 1113.70 area.
(Use a buy stop and rev. long at 1124.70).
Aggressive traders can sell rallies near
1126.70 - 1128 area for obj. near 1124 - 1122 area. (Use a
buy stop and rev. long at 1131).
Aggressive traders can buy dips near 1103.50 -
1101 area for obj. near 1106 - 1107.50 area. (Use a sell
stop and rev. short at 1099).
Sell stop at 1111.70 for obj. near 1110 -
1109.60
Sell stop at 1105 for obj. near 1103.50 - 1101
area.
Sell stop at 1099 for obj. near 1097 - 1094
area.
Buy stop at 1124.70 for obj. near 1126 - 1128
area.
Buy stop at 1131 for obj. near 1135 - 1137
area.
Bulletin - Originally sent 01/06/04 (11:49 am est)
The rally up to 1121 is near enough to the 1121.50 sell area,
putting traders into short positions. The sell off down to
1118.50 is showing signs of technical support on the intra-day
chart that could prevent the 1115 obj. from being met.
It is recommended to take profits and exit near 1119 where it is
at this time.
Results: 01/06/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Wednesday 1-07-04 : 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 March contract -
1123.40 day top (major) / 1125.30 minor upper
channel also 1126 March's weekly top and 1126.70 weekly charts
closing gap also 1127.50 monthly upper channel and 1128 GBX
weekly top (very major area) /
1137.50 and 1139 day tops (major area) /
1143.50 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and
1149.90 monthly top also 1151 March's weekly top and 1153.70
major monthly upper channel and 1153.70 also the major 50%
retracement area (very major area)
/ 1162.50 and 1163.50 day tops (major area) /
1169 weekly top (major area) / 1177 monthly top
and 1178.50 monthly top also 1180 weekly closing gap in the
March contract (very major area).
Support: For
the March contract -
1121.20 base and 1120.30 intra-day channel (major area)
/ 1119 base and 1118.80 day channel with GBX prices also 1118.20
and 1118 base (major area) / 1117 day bottom
and 1115.80 GBX bottom also 1115.60 and 1115 base (major
area) / 1112.60 major day channel and 1112 day bottom
also 1111.40 minor day channel (very
major area) / 1110.50 GBX channel and 1109.90
weekly channel also 1108.90 weekly closing gap and 1108.20 minor
day channel (major area) / 1105.50 minor weekly
channel with GBX prices and 1103.50 day bottom and 1103.40
weekly channel (major area) / 1097.30 weekly
bottom (major) / 1093.50 weekly closing gap and
1093 GBX bottom also 1092.50 day bottom (major area)
/ 1090.20 day bottom and 1089.90 day bottom also 1088.40 minor
weekly channel (major area) / 1086.90 minor day
channel and 1085.40 weekly closing price also 1084.50 weekly
bottom (major area) / 1082.30 long-term major
monthly channel also 1080.50 GBX bottom (very
major area) / 1078.80 minor weekly channel and
1076.70 weekly bottom (major area) / 1075.60
GBX weekly bottom and 1075.60 minor weekly channel also 1075.30
long-term weekly channel (very
major area) / 1073.80 long-term major day
channel and 1073.20 monthly channel also 1073.10 day channel (very
major area).
Comments:
Tuesday's trading session remained inside
the neutral area but closing slightly higher, which keeps
the chart in neutral to bullish condition. A trade above
1026 - 1028 area can bring prices up to challenge the 1043.50
resistance and possibly near the 1053.70 resistance. A
trade today below 1118.80 - 1118 area is slightly bearish but
a trade below the 1112.60 and 1109.60 areas can bring prices
down to challenge the 1103.50 - 1103.40 major support. NOTE:
At this time only a trade below the 1075.60 -
1073.80 area can bring any solid bearishness back to the
chart. Remain defensive inside the major trading area
between the 1126 - 1128 resistance area and the 1103.50 -
1103.40 support area and also inside the first trading area
between 1123.40 - 1118.80 area.
Day
trades: For The March contract -
Aggressive traders can buy dips near 1119 -
1118.80 area for obj. near 1122.50 - 1123.40 area. (Use
a sell stop and rev. short at 1114.70).
Aggressive traders can sell rallies near 1126
- 1128 area for obj. near 1123 - 1121 area. (Use a buy
stop and rev. long at 1131.50).
Sell stop at 1114.70 for obj. near 1112.60 -
1111.40 area.
Sell stop at 1107 for obj. near 1105.50 -
1103.40 area.
Sell stop at 1099 for obj. near 1097.60 -
1093 area.
Buy stop at 1131.50 for obj. near 1135 - 1137
area.
Buy stop at 1140 for obj. near 1142 - 1143.50
area.
Buy stop at 1146.50 for obj. near 1149 -
1153.70 area.
Bulletin - Originally sent 01/07/04 (12:24 pm est)
Long positions were taken at 1118.50. The rally up to
1122.50 meets the obj. and completes the trade.
Results: 01/07/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Thursday 1-08-04 : 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 March contract -
1126.50 day top and 1126.70 weekly charts closing gap also
1127.50 monthly upper channel and 1128 GBX weekly top (very
major area) / 1132 daily upper channel (major) /
1137.50 and 1139 day tops (major area) /
1143.50 minor weekly upper channel (very
major area) / 1149.20 monthly closing price
and 1149.90 monthly top also 1151 March's weekly top and
1153.70 major monthly upper channel and 1153.70 also the major
50% retracement area (very major
area) / 1162.50 and 1163.50 day tops (major
area) / 1169 weekly top (major area)
/ 1177 monthly top and 1178.50 monthly top also 1180 weekly
closing gap in the March contract (very
major area).
Support: For
the March contract -
1123.50 rev. peak and 1122.20 rev. peak (major area)
/ 1120.70 and 1120.10 intra-day channels also 1119.60 and
1118.80 bases also 1118.80 day channel (very
major area) / 1115.60 major day channel and
1115 day bottom also 1114 minor day channel (very
major area) / 1113 GBX channel and 1112 day
bottom (major area) / 1109.90 weekly channel
and 1109.70 minor day channel also 1108.90 weekly closing gap (major
area) / 1105.50 minor weekly channel with GBX prices
also 1103.50 day bottom and 1103.40 weekly channel (very
major area) / 1097.30 weekly bottom (major)
/ 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50
day bottom (major area) / 1090.20 day bottom
and 1089.90 day bottom also 1088.60 day channel and 1088.40
minor weekly channel (major area) / 1085.40
weekly closing price and 1084.50 weekly bottom (major
area) / 1082.30 long-term major monthly channel
also 1080.50 GBX bottom (very
major area) / 1075.60 GBX weekly bottom and
1075.10 long-term major day channel also 1075.30 long-term
weekly channel (very major area).
Comments:
The follow through rally on Wednesday
from the support area did materialize as expected bringing
prices up to challenge the 1126.70 - 1128 resistance and now
also the newly developed upper channel line at 1132. A
trade above 1132 can bring prices up to challenge the 1137 -
1139 top areas and possibly near 1143.50. A trade
above 1143.50 can bring prices up to challenge the
1153.70 major 50% retracement area. A trade today
below 1115.60 - 1114 area is slightly bearish but only a
trade below 1103.50 - 1103.40 area can bring any bearishness
back to the chart. Remain defensive inside the first
trading area between 1126.70 and 1118.80 and also the major
trading area between 1132 and 1115.60.
Day
trades: For The March contract -
Aggressive traders can sell rallies near
1132 area for obj. near 1129 - 1128 area. (Use a buy
stop and rev. long at 1133.30).
Aggressive traders can buy dips near
1120 - 1118.60 area for obj. near 1126 - 1128 area.
(Use a sell stop and rev. short at 1117.70).
Aggressive traders can buy dips near
1115.60 - 1112 area for obj. near 1118 - 1120 area.
(Use a sell stop and rev. short at 1107).
Sell stop at 1117.70 for obj. near 1115.60
and possibly near 1114 - 1112 area.
Sell stop at 1107 for obj. near 1104 -
1103.40 area.
Sell stop at 1100 for obj. near 1097 - 1093
area.
Buy stop at 1133.30 for obj. near 1135.30 -
1137 area and possibly near 1139.
Buy stop at 1140 for obj. near 1142 -
1143.50 area.
Buy stop at 1146.50 for obj. near 1149 -
1153.70 area.
Bulletin - Originally sent 01/08/04 (9:31 am est)
The rally in the GBX session brought prices up to 1130.50 that
can prove to be near enough to the 1132 resistance for some
retracements to the downside.
Aggressive traders can attempt short positions near 1128 -
1130 area and if possible near 1132. The obj. is near
1120 - 1118.60 area. (Continue to use a buy stop and
rev. long at 1133.30).
Bulletin - Originally sent 01/08/04 (10:29 am est)
Short positions were taken on the opening at 1128.70.
The sell off down to 1123.80 is showing signs of support
where profits should be considered.
Exit short positions at the market, which is trading at 1124
at this time.
Results: 01/08/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Friday 1-09-04 : 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 March contract -
1130.30 day top and 1130.40 GBX top (major)
/ 1132.60 rev. channel and 1133.40 minor daily upper
channel (major) / 1135.50 minor daily
upper channel (major) / 1137.50 and
1139 day tops (major area) / 1143.50
minor weekly upper channel (very
major area) / 1149.20 monthly closing
price and 1149.90 monthly top also 1151 March's weekly top
and 1153.70 major monthly upper channel and 1153.70 also
the major 50% retracement area (very
major area) / 1162.50 and 1163.50 day tops
(major area) / 1169 weekly top (major
area) / 1177 monthly top and 1178.50 monthly top
also 1180 weekly closing gap in the March contract (very
major area).
Support: For
the March contract -
1128 and 1127.40 base also 1126.90 and 1126.20 intra-day
channels (major area) / 1125.20 and
1124.50 base also 1124.50 intra-day channel and 1123.80
day bottom (major area) / 1122.60 minor
day channel (major) / 1118.70 major day
channel and 1118 minor day channel also 1116.60 day
channel with GBX prices (very major area)
/ 1115 day bottom (major) / 1112 day
bottom and 1111.20 day channel (very major area)
/ 1109.90 weekly channel and 1108.90 weekly closing gap (very
major area) / 1105.50 minor weekly channel
with GBX prices also 1103.50 day bottom and 1103.40 weekly
channel (very major area)
/ 1097.30 weekly bottom (major) / 1093.50
weekly closing gap and 1093 GBX bottom also 1092.50 day
bottom (major area) / 1090.40 major day
channel and 1090.20 day bottom also 1089.90 day bottom (very
major area) / 1085.40 weekly closing price
and 1084.50 weekly bottom (major area) /
1082.30 long-term major monthly channel also 1080 GBX
bottom (very major area).
Comments:
The follow through rally on Thursday
managed to close up and higher every day this week
keeping the chart in bullish condition. A trade
above 1132.60 and 1133.40 area can bring prices up to
challenge the 1135.50 channel and 1137 - 1139 tops, and
possibly near the 1143.50 major channel. A trade
above 1143.50 can bring prices up to challenge the
long-term major 50% retracement area at 1153.70. A
trade today below 1118.70 is slightly bearish but only a
trade below 1111.20 and 1109.90 can bring any solid
bearishness back to the chart. Remain defensive
inside the first trading area between 1132.60 and
1123.80 area and also the wider weekly trading range
between 1143.50 and 1111.20.
Day
trades: For The March contract -
Aggressive traders can buy dips near
1124.50 - 1123.80 area for obj. near 1127.50 - 1129
area. (Use a protective sell stop at 1121.
Do not rev. short).
Aggressive traders can buy dips near
1119 - 1116.60 area, if it gets there, for obj. near
1123 - 1125 area. (Use a sell stop and rev. short
at 1113.70).
Aggressive traders can sell rallies
near 1132.60 - 1133.40 area for obj. near 1130.50 -
1129.50 area. (Use a buy stop and rev. long at
1134.20).
Sell stop at 1113.70 for obj. near 1112
- 1111.20 area and possibly near 1109.90.
Sell stop at 1107.70 for obj. near
1105.50 - 1103.50 area.
Buy stop at 1134.20 for obj. near
1135.50 - 1137 area and possibly near 1139.
Buy stop at 1140 for obj. near 1142 -
1143.50 area.
Buy stop at 1145.50 for obj. near
1148.50 - 1149.20 area and possibly near 1151.
Bulletin - Originally sent 01/09/04 (10:10 am est)
Long positions were taken on the opening at 1124.
The rally up to 1127.50 meets the obj. and completes
the trade.
Bulletin - Originally sent 01/09/04 (4:06 pm est)
Long positions were taken at 1119.50, which
was near enough to the 1119 buy area. The rally up to 1123 meets the
obj. and completes the trade.
Results: 01/09/04
The
week in review - 01/12/04
- 01/16/04
The Tech Guru's S & P Day
Trading Recommendations
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Monday 1-12-04 : 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 March contract -
1121.50 intra-day channel and 1123 peak also 1123.70 intra-day channel (major
area) / 1128 newly developed long-term major weekly channel and
1128.30 peak (very major area) /
1130.50 weekly top and 1131 major weekly channel (very
major area) / 1134.40 weekly chart's top and 1134.50
weekly upper channel also 1135.70 weekly chart's top with GBX prices (major
area) / 1137.50 day top and 1137.80 minor weekly upper channel
also 1139 day top (major area) / 1141.80 and 1143 minor
weekly upper channels also 1145.30 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and 1149.90
monthly top (major area) / 1153.70 major monthly upper
channel and 1153.70 is also the major 50% retracement area (very
major area) / 1157.40 minor weekly upper channel (major
area) / 1162.50 and 1163.50 day tops (major area)
/ 1169 weekly top (major area) / 1177 monthly top and
1178.50 monthly top also 1180 weekly closing gap in the March contract
(very major area).
Support: For
the March contract -
1119.50 minor day channel and 1119.20 day channel with GBX prices also
1119.10 weekly bottom and 1118 major GBX channel (very
major area) / 1116 major weekly channel with GBX prices
and 1115.80 GBX bottom (very major area)
/ 1115 day bottom and 1114.50 minor day channel without GBX prices (major
area) / 1112.90 day channel without GBX prices and 1112 weekly
bottom (major area) / 1110.50 minor day channel and
1108.90 weekly closing gap and 1108.60 GBX bottom (major area)
/ 1103.50 day bottom (major) / 1097.30 weekly channel
with GBX prices and 1097.20 weekly bottom (very
major area) / 1093.50 weekly closing gap and 1093 GBX
bottom also 1092.50 day bottom and 1092.10 major day channel (very
major area) / 1085.40 weekly closing gap and 1084.70
weekly channel without GBX prices also 1084.50 weekly bottom (major
area) / 1082.30 long-term major monthly channel and 1082 day
bottom also 1082 long-term major weekly channel (very
major area) / 1080.50 GBX bottom and 1077.80 long-term
major day channel (very major area)
/ 1075.60 minor monthly channel and 1073.20 monthly channel without GBX
prices (very major area) /
1069.60 minor weekly channel and 1069.20 day channel also 1068.50
monthly channel with GBX prices (very
major area).
Comments:
The sell-off on Friday from the resistance area was
significant but the market managed to hold above the support and
closed up for the seventh Friday in a row. This leaves the chart
in neutral to bullish condition. A trade above 1128 - 1131 area
can bring prices up to challenge the 1153.70 major 50% retracement
area. A trade today below 1116 - 1114.50 area is slightly
bearish but only a trade below 1102.10 and 1097.20 areas can bring any
solid bearishness back to the chart. Remain defensive inside the
first trading area between 1123.70 and 1118 and also inside the wider
range between 1128 and 1116.
Day trades:
For The March contract -
Aggressive traders can buy dips near 1119 - 1116 area
for obj. near 1122 - 1123.70 area. (Use a protective sell stop
at 1114. Do not rev. short).
Aggressive traders can buy dips near 1111 - 1109 area
for obj. near 1114.50 - 1116 area. (Use a sell stop and rev.
short at 1107).
Aggressive traders can sell rallies near 1127 -
1130.50 area for obj. near 1124 - 1122 area. (Use a buy stop and
rev. long at 1132.20).
Sell stop at 1107 for obj. near 1104 - 1102.50 area.
Sell stop at 1101 for obj. near 1098.50 - 1097.30
area and possibly near 1093.
Buy stop at 1132.30 for obj. near 1134 - 1135.70
area.
Buy stop at 1139.50 for obj. near 1141.50 - 1143 area
and possibly near 1145.
Bulletin - Originally sent 01/12/04 (9:28 am est)
Aggressive traders can sell rallies near 1122 -
1123.70 area for obj. near 1120 - 1119 area. (Use a protective buy
stop at 1124.70. do not rev. long).
Bulletin - Originally sent 01/12/04 (9:54 am est)
Short positions were taken at 1122.50. The
sell-off down to 1120.50 is near enough to the 1120 obj. and completes the
trade.
Bulletin - Originally sent 01/12/04 (10:29 am est)
The sell off down to 1119.70 put traders into
long positions. The rally up to 1122 meets the obj. and completes the
trade.
Bulletin - Originally sent 01/12/04 (3:04 pm est)
Due to the technical base formation that has
developed today the sell at 1127 - 1130.50 is being cancelled.
NOTE: The buy stop at 1132.30 will
be taken and will put traders into long positions.
Results: 01/12/04
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P
- For Tuesday 1-13-04 : 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 March contract -
1128.70 long-term weekly channel with GBX prices and 1130.50 weekly
top also 1131 major weekly channel without GBX prices and 1131 GBX
weekly top (very major area) /
1134.40 weekly chart's top and 1134.50 weekly upper channel also
1135.70 weekly chart's top with GBX prices (major area)
/ 1137.50 day top and 1137.80 minor weekly upper channel also 1139 day
top (major area) / 1141.80 and 1143 minor weekly
upper channels also 1145.30 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and
1149.90 monthly top (major area) / 1153.70 major
monthly upper channel and 1153.70 is also the major 50% retracement
area (very major area) /
1157.40 minor weekly upper channel (major area) /
1162.50 and 1163.50 day tops (major area) / 1169
weekly top (major area) / 1177 monthly top and
1178.50 monthly top also 1180 weekly closing gap in the March contract
(very major area).
Support: For
the March contract -
1127.30 base and 1127 intra-day gap (major area) /
1125.40 intra-day channel and 1125.20 gap also 1124.50 major base (major
area) / 1121.80 day channel with GBX prices and 1121 base
also 1120.50 major GBX day channel and 1119.80 day bottom (very
major area) / 1118.40 GBX bottom (major)
/ 1116.50 minor day channel without GBX prices and 1116 minor weekly
channel with GBX prices also 1115 day bottom and 1114.50 day channel
without GBX prices (very major area)
/ 1112.90 minor day channel and 1112 weekly bottom (major
area) / 1108.90 weekly closing gap and 1108.60 GBX bottom (major
area) / 1103.50 day bottom (major) / 1097.30
weekly channel with GBX prices and 1097.20 weekly bottom (very
major area) / 1093.90 major day channel and 1093.50
weekly closing gap also 1093 GBX bottom and 1092.50 day bottom (very
major area) / 1085.40 weekly closing gap and
1084.70 weekly channel without GBX prices also 1084.50 weekly bottom (major
area) / 1082.30 long-term major monthly channel and 1082 day
bottom also 1082 long-term major weekly channel (very
major area).
Comments:
The rally on Monday from the major support area keeps
the chart back in neutral to bullish condition for possible
higher prices to develop. A trade above 1128.70 - 1131
resistance area can bring prices up to challenge near the 1153.70
major 50% retracement area. A trade below 1121.80 - 1120.50 area
is slightly bearish but only a trade below the 1116 and 1112.90 areas
can bring any solid bearishness back to the chart. Remain
defensive inside the first trading area between 1128.70 and 1121.80
and also the wider area between 1131 and 1116.
Day trades:
For The March contract -
Aggressive traders can buy
dips near 1125.50 - 1121.80 area or sell
rallies near 1128.70 - 1130.50 area, whichever side comes first, to
complete the trade. (Use a sell stop and rev. short at
1119.50). (Use a buy stop and rev. long at 1132.20).
Buy stop at 1132.30 for obj. near 1134 - 1135.70
area and possibly near 1137.
Buy stop at 1139.50 for obj. near 1141.50 - 1143
area and possibly near 1145.
Buy stop at 1146.70 for obj. near 1148.70 - 1149.20
and possibly near 1153.70 area.
Sell stop at 1119.50 for obj. near 1116.50 - 1116
area.
Sell stop at 1111 for obj. near 1109 - 1108.60
area.
Sell stop at 1107 for obj. near 1104.50 - 1102.50
area.
Bulletin - Originally sent 01/13/04 (9:46 am est)
The rally up to 1128.40 put traders into short
positions. The obj. is near 1125.50 area. (Continue to use a
buy stop and rev. long at 1132.20).
Bulletin - Originally sent 01/13/04 (10:17 am est)
Short positions were taken at 1128.20.
The sell-off down to 1125.70 is near enough to the 1125.50 obj. and
completes the trade.
Bulletin - Originally sent 01/13/04 (11:00 am est)
The sell-off down to 1123 put traders
into long positions.
Bulletin - Originally sent 01/13/04 (11:45 am est)
Long positions will be added at the
1120.50 area due to the fact that the sell stop is at 1119.50 making it a
low risk trade.
Bulletin - Originally sent 01/13/04 (12:03 pm est)
The sell stop was hit at 1119.50, putting
traders into short positions. The sell-off down to 1116.50 meets the
obj. and completes the trade.
Aggressive traders can consider long positions
near this 1116 which is the major support area. (Continue to use a
sell stop and rev. short at 1111). The obj. for this long position
taken at 1116 is near 1120 - 1122 area.
Bulletin - Originally sent 01/13/04 (12:04 pm est)
Long positions were taken at 1114.50, which is
where the market is trading at this time.
Bulletin - Originally sent 01/13/04 (12:40 pm est)
Long positions were taken at 1116 and at
1114.50. The rally up to 1118.80 is showing signs of resistance.
It is recommended to exit long positions near
1118, which is where it's trading at this time, and take profits.
Results: 01/13/04
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Wednesday 1-14-04 : 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 March contract -
1124 peak (major) / 1127 intra-day channel and 1127.20
minor day channel without GBX prices also 1128 GBX channel and 1128.30
day top and 1129 GBX top (very major area)
/ 1130.50 day top and 1131 GBX top (major area)
/ 1134.40 weekly chart's top and 1134.50 weekly upper channel (major
area) / 1135.70 weekly chart's top with GBX prices (major
area) / 1137.50 day top and 1137.80 minor weekly upper
channel also 1139 day top (major area) / 1141.80 and
1143 minor weekly upper channels also 1145.30 minor weekly upper channel
(very major area) /
1149.20 monthly closing price and 1149.90 monthly top (major
area) / 1153.70 major monthly upper channel and 1153.70 is also
the major 50% retracement area (very major
area) / 1157.40 minor weekly upper channel (major
area) / 1162.50 and 1163.50 day tops (major area)
/ 1169 weekly top (major area) / 1177 monthly top and
1178.50 monthly top also 1180 weekly closing gap in the March contract
(very major area).
Support: For
the March contract -
1120.50 intra-day channel
and 1120.30 base (major area) / 1117.60 base and
1116.30 newly developed day channel (very
major area) / 1115.30 day channel and 1113.80 day bottom
(major area) / 1112 day bottom (major)
/ 1108.90 weekly closing gap and 1108.60 GBX bottom (major area)
/ 1103.50 day bottom (major) / 1097.30 weekly channel
with GBX prices and 1097.20 weekly bottom also 1095.60 major day channel
(very major area) /
1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major
area) / 1085.40 weekly
closing gap and 1084.70 weekly channel without GBX prices also 1084.50
weekly bottom (major area) / 1082.30 long-term major
monthly channel and 1082 day bottom also 1082 long-term major weekly
channel (very major area).
Comments:
The sell-off on Tuesday from the major resistance
area was significant but prices managed to hold above the major support,
mentioned in yesterday's report, at 1112.90 leaving the chart
neutral for prices to swing either way. A trade above the 1127 -
1128 area is slightly bullish but a trade above 1131 can bring prices up
to challenge near the 1153.70 major 50% retracement area. A trade
below 1116.30 and 1115.30 areas will be slightly bearish and
can bring prices down to challenge the 1103.50 bottom and possibly near
the 1197.30 - 1193 gap area. Remain defensive inside the first
trading area between 1124 - 1120.50 and also between the wider range
between the 1127 - 1128 resistance and the 1116.30 - 1115.30 support.
Day trades:
For The March contract -
Aggressive traders can sell rallies
near 1123.50 - 1124 area or buy dips near 1121 - 1120.30, whichever
side comes first, to complete the trade. (Use a buy stop and
rev. long at 1125). (Use a sell stop and rev. short at 1119.30).
Buy stop at 1125 for obj. near 1127 - 1128 area.
Buy stop at 1132.30 for obj. near 1134.30 - 1135.70
area.
Buy stop at 1139.50 for obj. near 1141.50 - 1143 area
and possibly near 1145.
Sell stop at 1119.30 for obj. near 1117.30 - 1116.30
area.
Sell stop at 1111 for obj. near 1109 - 1108.60 area.
Sell stop at 1107 for obj. near 1104.50 - 1102.50
area.
Bulletin - Originally sent 01/14/04 (10:18 am est)
The buy stop at 1125 was hit putting traders into long positions.
The market is showing signs of resistance at 1126 at this time. It
is recommended to exit long positions near 1125.50 and scratch the
trade, and take small profits.
Bulletin - Originally sent 01/14/04 (10:51 am est)
The resistance continues to build at the 1125 - 1126 area, where short
positions can be considered.
Aggressive traders can sell near 1125 - 1125.50 area for an obj. near
1121.50 - 1120.60. (Use a protective buy stop at 1129. Do
not rev. long).
Bulletin - Originally sent 01/14/04 (12:36 pm est)
Short positions were taken at 1125.50. The sell-off down to
1123.10 is now considered an intra-day double bottom and can hold as
support.
It is recommended for traders to exit short positions at the market,
which is trading at 1123.80 at this time, and take profits.
Results: 01/14/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Thursday 1-15-04 : 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 March contract -
1132.30 day top and 1132.70 minor upper channel with GBX
prices (major) / 1133.80 new minor upper
channel also 1134.40 weekly chart's top and 1134.50 weekly
upper channel (major area) / 1135.70 weekly
chart's top with GBX prices (major area) /
1137.50 day top and 1137.80 minor weekly upper channel also 1139
day top (major area) / 1141.80 and 1143 minor
weekly upper channels also 1145.30 minor weekly upper channel (very
major area) / 1149.20 monthly closing price and
1149.90 monthly top (major area) / 1153.70
major monthly upper channel and 1153.70 is also the major 50%
retracement area (very major area)
/ 1157.40 minor weekly upper channel (major area)
/ 1162.50 and 1163.50 day tops (major area) /
1169 weekly top (major area) / 1177 monthly top
and 1178.50 monthly top also 1180 weekly closing gap in the
March contract
(very major area).
Support: For
the March contract -
1128.60 intra-day
channel also 1128.60 and 1128 base (major area)
/ 1126.50 base (major) / 1125 minor day channel
and 1124.50 base also 1122.70 day bottom (very
major area) / 1121.30 day gap also 1119.40
GBX bottom and 1118.90 major day channel (very
major area) / 1116.70 minor day channel (major
area) / 1113.80 day bottom and 1112 weekly bottom (major
area) / 1108.90 weekly closing gap and 1108.60 GBX
bottom (major area) / 1103.50 day bottom (major)
/ 1097.40 major day channel and 1097.30 weekly channel with GBX
prices also 1097.20 weekly bottom (very
major area) / 1093.50 weekly closing gap
and 1093 GBX bottom also 1092.50 day bottom (major area) /
1085.40 weekly closing gap and 1084.70 weekly channel without
GBX prices also 1084.50 weekly bottom (major area)
/ 1082.30 long-term major monthly channel and 1082 day bottom
also 1082 long-term major weekly channel (very
major area).
Comments:
The rally on Wednesday from Tuesday's neutral
condition managed to close at the highest level in 20 months,
which is bullish. The technical situation still remains
defensive because of the various resistance areas that remain
but overall if the major support levels hold then higher prices
will come to play. A trade today above 1132.70 - 1133.80
is bullish and will challenge the 1134.50 - 1135.70 area and
possibly near 1137.80 - 1139 area. A trade above 1143 -
1145.30 will challenge the 1153.70 major area. A trade
today below 1125 can challenge the 1118.90 support channel.
A trade below 1118.90 - 1116.70 area is bearish and can possibly
stimulate selling for prices to challenge the 1103.50 - 1197.20
support area. Remain defensive inside the first trading
area between 1132.70 and 1125 and also inside the wider trading
range between 1137.80 and 1118.90.
Day
trades: For The March contract -
Aggressive traders can sell rallies near 1132
- 1133.80 area for obj. near 1129 - 1127 area. (Use a
buy stop and rev. long at 1135).
Aggressive traders can buy
dips near 1126 - 1125 area for obj. near 1129 - 1131 area.
(Use a sell stop and rev. short at 1124.30).
Aggressive traders can buy dips near 1118.90
and if possible near 1116.70 area for obj. near 1122 - 1124
area. (Use a sell stop and rev. short at 1115).
Buy stop at 1135 for obj. near 1137 - 1137.80
area and possibly near 1139.
Buy stop at 1139.70 for obj. near 1141.50 -
1143 area and possibly near 1145.
Sell stop at 1124.30 for obj. near 1122 -
1121.30 day gap and possibly near 1118.90 major channel.
Sell stop at 1115 for obj. near 1112 -
1108.90 area.
Sell stop at 1107 for obj. near 1104.50 -
1103.50 area.
Bulletin - Originally sent 01/15/04 (9:51 am est)
Short positions were taken on the open at 1131.80. The sell
off down to 1129 meets the obj. and completes the trade.
Bulletin - Originally sent 01/15/04 (10:31 am est)
The sell stop at 1124.30 was hit putting traders into short
positions. 1123 is showing signs of support that can take
prices higher.
It is recommended for traders to exit short positions near 1125.50
and cut losses. It is also recommended for traders to enter
long positions near 1125.50 for obj. near 1129 - 1131 area.
(Use a sell stop and rev. short at 1121.90).
Bulletin - Originally sent 01/15/04 (11:42 am est)
Long positions were taken at 1125.50. The rally up to 1129
meets the obj. and completes the trade.
Bulletin - Originally sent 01/15/04 (11:42 am est)
The buy stop was hit at 1135 putting traders into long
positions. The rally up to 1136.50 was near enough to
the 1137 obj. and completes the trade.
Traders who missed the sell area should exit at the market and
scratch the trade. There is too much resistance at this
time.
Results: 01/15/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Friday 1-16-04 : 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 March contract -
1136 newly developed long-term day channel and 1136.30 day
top also 1137.50 minor upper channel and 1137.80 minor
weekly upper channel (major area) / 1139
day top (major) / 1141.80 and 1143 minor
weekly upper channels (very
major area) / 1145.30 minor weekly upper
channel (very major area) /
1149.20 monthly closing price and 1149.90 monthly top (major
area) / 1153.70 major monthly upper channel and
1153.70 is also the major 50% retracement area (very
major area) / 1157.40 minor weekly upper
channel (major area) / 1162.50 and
1163.50 day tops (major area) / 1169
weekly top (major area) / 1177 monthly
top and 1178.50 monthly top also 1180 weekly closing gap
in the March contract
(very major area).
Support: For
the March contract -
1130.80 and 1129.80 intra-day channels also 1129.80 base (major
area) / 1128.50 base and 1127.60 minor day
channel (major area) / 1123 and 1122.70
day bottoms also 1121.50 major day channel and 1121.30 day
gap (very major area)
/ 1119.40 GBX bottom and 1118.20 minor day channel (major
area) / 1113.80 day bottom and 1112 weekly bottom
(major area) / 1108.90 weekly closing gap
and 1108.60 GBX bottom (major area) /
1103.50 day bottom (major) / 1099.10
major day channel and 1097.30 weekly channel with GBX
prices also 1097.20 weekly bottom (very
major area) / 1093.50 weekly closing gap
and 1093 GBX bottom also 1092.50 day bottom (major
area).
Comments:
The whiplashing rally on Thursday from
the support area proves the bullishness still remains.
The market continues to face various resistance levels but
as long as the market can hold the major support areas
then higher prices will develop. A trade today above
the 1137.50 - 1137.80 area is bullish for prices to
challenge the 1139 top and 1141 - 1143 channels. A
trade above 1145.30 channel can bring prices up to
challenge the 1149.20 - 1149.90 area and possibly near the
1153.70 major retracement area, which was mentioned
several times as a major objective area. A trade
today below 1121.50 and 1118.20 area is slightly bearish
but only a trade below 1099.10 and 1097.30 areas can bring
any solid bearishness back to the chart. Remain
defensive inside the first trading area between 1137.50 -
1127.60 area and also the wider trading area between 1143
and 1118.20 area.
Day
trades: For The March contract -
Aggressive traders can sell rallies
near 1136 - 1137.80 area for obj. near 1134 - 1133
area. (Use a buy stop and rev. long at 1139.70).
Aggressive traders can buy dips near
1129.80 and 1127.60 area for obj. near 1132 - 1134 area.
(Use a sell stop and rev. short at 1125).
Buy stop at 1139.70 for obj. near
1141.80 - 1143 area.
Buy stop at 1146.70 for obj. near
1149.20 - 1149.90 area and possibly near 1153.70 area.
Sell stop at 1125 for obj. near 1122 -
1121.50 area and possibly near 1118.20 area.
Sell stop at 1116.20 for obj. near
1114.20 - 1113.80 area.
Sell stop at 1111 for obj. near 1109 -
1108.60 area.
Bulletin - Originally sent 01/16/04 (9:37 am est)
Short positions were taken on the opening at 1136.20.
The sell off down to 1134.30 meets the obj. and completes
the trade.
Bulletin - Originally sent 01/16/04 (10:04 am est
Short positions were taken at the high end of the resistance
at 1137.50. The sell off down to 1133 meets the obj.
and completes the trade again. This trade was taken
for the second time and will not be repeated again.
Results: 01/16/04
The
week in review - 01/20/04
- 1/23/04
The Tech Guru's S & P Day
Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING
THE S & P
S & P - For Tuesday
1-20-04 : 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 March contract -
1138.80 weekly top (major) / 1142.10 GBX upper day channel
and 1142.90 newly developed long-term major weekly upper channel (very
major area) / 1143.80 minor daily upper channel (very
major area) / 1149.20 monthly closing price and 1149.90
monthly top (major area) / 1153.10 minor weekly upper
channel also 1153.70 major monthly upper channel and 1153.70 is also the
major 50% retracement area (very major area)
/ 1155.50 minor weekly upper channel (major area) / 1158.90
minor weekly upper channel (very major area)
/ 1162.50 and 1163.50 day tops (major area) / 1169 weekly
top and 1171.30 minor weekly upper channel (major area) /
1177 monthly top and also 1178.50 monthly top also 1180 weekly closing gap
in the March contract (very major area)
/ 1187.50 weekly closing price and 1189.50 weekly top (very
major area).
Support: For
the March contract -
1136.80 day channel also 1136.50 and 1136.20 intra-day channels also 1135.50
GBX (major area) / 1133.80 day channel with GBX prices and
1132 day bottom (major area) / 1126.70 major day channel
and 1126 major weekly channel (very major
area) / 1122.10 minor weekly channel and 1121.30 day gap
also 1121.10 day channel and 1119.40 GBX bottom (major area)
/ 1113.80 weekly bottom and 1112 day bottom (major area) /
1108.90 weekly closing gap and 1108.60 GBX bottom (major area)
/ 1106 weekly channel with GBX prices (very
major area) / 1103.50 day bottom and 1102.60 long-term major
day channel (very major area)
/ 1097.20 weekly bottom (major area) / 1093.50 weekly
closing gap and 1093 GBX weekly bottom also 1092.50 day bottom
(very major area).
Comments:
The whiplashing and rally on Friday managed to close up
for the eighth week in a row and is also the highest weekly closing price in
94 weeks, which leaves the chart in bullish condition. A trade
above the 1142.10 - 1143.80 major resistance can bring prices up to
challenge the 1149.20 - 1149.90 monthly top and possibly near the major 50 %
retracement at 1153.70 area. A trade above the 1158.90 channel
area can bring prices up to possibly challenge the 1177 major double top
area. A trade today below the 1136.80 and 1133.80 support areas is
slightly bearish but only a trade below 1122.10 - 1121.10 area can bring any
solid bearishness back to the chart. Only a trade this week below 1106 can
possibly prove to be the first signal for a change in the major trend
to the downside. Remain defensive inside the major weekly trading
range between 1158.90 and 1122.10 and also inside the first narrow trading area
today between 1142.90 - 1143.80 resistance and 1136.80 - 1133.80 support.
Day trades:
For The March contract -
Aggressive traders can sell rallies near 1141 - 1143.80
area or buy dips near 1136.80 - 1133.80 area,
whichever side comes first, to complete the trade. (Use a buy stop and
rev. long at 1144.70). (Use a sell stop and rev. short at 1131.70).
Aggressive traders can buy dips near 1122.10 - 1121.10
area for obj. near 1126 - 1128 area. (Use a sell stop and rev.
short at 1117.80).
Sell stop at 1131.70 for obj. near 1128 - 1126 area
and possibly near the 1122.10 major support area.
Sell stop at 1117.80 for obj. near 1113.80 - 1108.90
gap area.
Buy stop at 1144.70 for obj. near 1149 - 1149.90 area
and possibly near 1153.70.
Buy stop at 1160 for obj. near 1162 - 1163.50 area.
Buy stop at 1164.70 for obj. near 1167 - 1169 area and
possibly near 1171.
Bulletin - Originally sent 01/20/04 (9:35 am est)
Short positions were taken on the opening at 1140.50, which is near enough
to the 1141 sell area. (Continue to use a buy stop and rev. long at
1144.70). The obj. remains near 1136.80.
Bulletin - Originally sent 01/20/04 (9:53 am est)
The market hit an intra-day support at 1138.20, that could possibly
prevent the obj. of 1136.80 to come to play.
It is recommended for traders to exit the short position at the market,
which is trading at 1139.50 and scratch the trade with a small profit.
Bulletin - Originally sent 01/20/04 (10:28 am est)
Short positions were taken again at the high end of the sell area at
1142.50. The sell off down to 1137.50 is near enough to the
1136.80 obj. and completes the trade.
Bulletin - Originally sent 01/20/04 (10:39 am est)
The sell off down to 1136.80 is the buy area, putting traders into
long positions. The obj. is near 1140.50. (Continue to use
a sell stop and rev. short at 1131.70).
Bulletin - Originally sent 01/20/04 (1:45 pm est)
Long positions were taken at 1136.80. An additional long
position was added at 1134.80, which was near the low end of the buy
area. The rally up to 1138.80 should be considered an area
for profits to be taken.
Exit the long positions at the market, which is trading at 1138.50 at
this time, to complete the trades.
Results: 01/20/04
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S
& P - For Wednesday 1-21-04 : 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 March contract -
1139.80 intra-day channel and 1140 peak (major area) /
1142.20 day top and 1143.70 newly developed daily upper channel (very
major area) / 1146.30 minor daily upper
channel (major) / 1149.20 monthly closing
price and 1149.90 monthly top (major area) /
1153.10 minor weekly upper channel also 1153.70 major monthly
upper channel and 1153.70 is also the major 50% retracement area (very
major area) / 1155.50 minor weekly upper channel (major
area) / 1158.90 minor weekly upper channel (very
major area) / 1162.50 and 1163.50 day tops (major
area) / 1169 weekly top and 1171.30 minor weekly upper
channel (major area) / 1177 monthly top and also
1178.50 monthly top also 1180 weekly closing gap in the March
contract (very major area)
/ 1187.50 weekly closing price and 1189.50 weekly top (very
major area).
Support: For
the March contract -
1137.40 day channel with GBX prices also 1136.50 intra-day channel
and 1136.20 base (major area) / 1135.30 base and
1135.10 intra-day channel also 1135 minor day channel and 1134 day
bottom (very major area)
/ 1132 day bottom (significant) / 1129.30 major day channel and
1126 major weekly channel (very
major area) / 1123 day bottom and 1122.60 day
channel also 1122.10 minor weekly channel and 1121.30 day gap
(very major area) /
1119.40 GBX bottom (major) / 1113.80 weekly
bottom and 1112 day bottom (major area) / 1108.90
weekly closing gap and 1108.60 GBX bottom (major area)
/ 1106 weekly channel with GBX prices and 1104.40 long-term major
day channel (very major area)
/ 1103.50 day bottom (major) / 1197.20 weekly
bottom (major) / 1093.50 weekly closing gap
and 1093 GBX weekly bottom also 1092.50 day bottom (very
major area).
Comments:
The whiplashing action on Tuesday remained
inside the first trading area and managed to close the day session
slightly lower leaving the chart neutral inside a narrow range
between 1143.70 and 1135 and also a second range between
1146.30 and 1129.30. A trade to either side of the second
range can possibly point a minor direction. A trade above
1158.90 will confirm higher prices to follow. A trade below
the 1122.10 - 1121.30 area will fail the major support for lower
prices. Remain defensive inside the two trading areas until
the market can prove a breakout to either side.
Day trades:
For The March contract -
Aggressive traders can sell rallies near 1139.50
- 1140 area or buy dips near 1136 - 1135 area, whichever side
comes first, to complete the trade. (Use a buy stop and rev.
long at 1140.50). (Use a sell stop and rev. short at
1133.70).
Aggressive traders can buy dips near 1129.70 -
1129.30 area and if possible near 1126 for obj. near 1133 - 1135
area. (Use a sell stop and rev. short at 1125).
Buy stop at 1140.50 for obj. near 1142 - 1143.70
area.
Buy stop at 1144.70 for obj. near 1146 - 1146.30
area and possibly near 1149.
Sell stop at 1133.70 for obj. near 1132 - 1130
and possibly near 1129.70.
Sell stop at 1125 for obj. near 1123.50 - 1121.30
gap area.
Bulletin - Originally sent 01/21/04 (10:33 am est)
The sell stop was hit at 1133.70 putting traders into short
positions. The 1132 is showing signs of support that can
stimulate rallies.
It is recommended for traders to exit the short positions at the
market, which is trading at 1134 at this time and scratch the trade.
Traders can now use a sell stop at 1131.70 for obj. near 1129.70 -
1129.30 area
Bulletin - Originally sent 01/21/04 (12:03 pm est)
The rally up to 1138.60 was near enough to the 1139.50 sell area
putting traders into short positions. The obj. remains near
1136 - 1135 area. Continue to use a buy stop and rev long at
1140.50.
Bulletin - Originally sent 01/21/04 (1:19 pm est)
The buy stop at 1140.50 was hit, putting traders into long
positions. The intra-day double top formation at 1141 is
showing enough signs of resistance to consider exiting the trade.
It is recommended for traders to exit the long position at the
market, which is trading at 1140 at this time and scratch the trade.
Bulletin - Originally sent 01/21/04 (3:23 pm est)
The buy stop was hit at 1144.70 putting traders into long positions.
The rally up to 1147.50 meets the obj. and completes the trade.
NOTE: To better understand the trade potential when
using stops - This last trade was a good example
on how a buy stop or sell stop should materialize and meet its obj. When
a stop is hit the market should take prices near the obj.
within a reasonable amount of time. When prices stall, like
was seen at the 1141 area today, it makes the trade defensive and
creates a high risk, and therefore as you seen the buy stop at
1140.50 was scratched when it stalled at the 1141 area to
prevent a possible loss.
Results: 01/21/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Thursday 1-22-04 : 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 March contract -
1148.50 day top and 1149.90 monthly top (major area)
/ 1153.10 minor weekly upper channel also 1153.70 major monthly
upper channel and 1153.70 is also the major 50% retracement area
(very major area)
/ 1155.50 minor weekly upper channel also 1156.50 daily upper
channel (major area) / 1158.90 minor weekly
upper channel (very major area)
/ 1162.50 and 1163.50 day tops (major area) /
1169 weekly top and 1171.30 minor weekly upper channel (major
area) / 1177 monthly top and also 1178.50 monthly top
also 1180 weekly closing gap in the March contract (very
major area) / 1187.50 weekly closing price and
1189.50 weekly top (very major
area).
Support: For
the March contract -
1145 intra-day channel and gap also 1143.50 base and 1143.30 gap
(major area) / 1139.50 base (major)
/ 1136.70 base and 1136.20 day channel (very
major area) / 1133 and 1132 day bottoms also
1131.90 major day channel (major area) / 1126
major weekly channel (very major
area) / 1124.10 day channel and 1122.10 minor
weekly channel (very major area)
/ 1121.30 day gap and 1119.40 GBX bottom (major area)
/ 1113.80 weekly bottom and 1112 day bottom (major area)
/ 1108.90 weekly closing gap and 1108.60 GBX bottom also 1106.20
long-term major day channel (very
major area).
Comments:
The rally on Wednesday proved the
significance of the support and as mentioned in last Friday's
report "as long as the support area can hold, then higher
prices will develop". The market now faces some
serious resistance at the 1149.90 and 1153.70 area and also at
1158.90. A trade above 1153.70 and 1158.90 will be a
breakout above every major channel and if it materialized, the
only major resistance thereafter that could possibly put a lid
on this intermediate uptrend is the 1177 - 1178.50 double top.
A trade above the 1177 double top and the 1180 weekly closing
gap will be considered a major breakout, putting the chart in a
major uptrend, for prices to challenge the 1232.50 area and
possibly near the 1319 top area. A trade today below
1136.20 is slightly bearish but only a trade below the 1131.90
major day channel and 1126 major weekly channel can bring any
solid bearishness back to the chart. Remain defensive
inside the first neutral trading area between the 1149.90 -
1153.70 resistance and 1145 - 1143.30 support. Also the
wide range between 1158.90 and 1131.90 will play an important
roll in the action to follow.
Day
trades: For The March contract -
Aggressive traders can sell rallies near 1148 -
1149.90 area or buy dips near 1145 - 1143.30 area, whichever
side comes first, to complete the trade. NOTE:
Because of the technical condition, this trade should not be
repeated more then once on each side. (Use a buy stop and
rev. long at 1150.70). (Use a sell stop and rev. short at
1142).
Aggressive traders can sell rallies near
1157.50 - 1158.90 area for obj. near 1154 - 1152 area.
(Use a buy stop and rev. long at 1160).
Aggressive traders can buy dips near 1133 -
1131.90 area for an obj. near 1136 - 1139 area. (Use a
sell stop and rev. short at 1129.70).
Buy stop at 1150.70 for obj. near 1152.70 -
1153.70 area.
Buy stop at 1160 for obj. near 1162 - 1163.50
area.
Buy stop at 1164.70 for obj. near 1167 - 1169
area.
Sell stop at 1142 for obj. near 1140 - 1139.50
area and possibly near 1136.20 area.
Sell stop at 1129.70 for obj. near 1127 - 1126
area and possibly near 1124.10.
Sell stop at 1117.70 for obj. near 1114.70 -
1113.80 area and possibly near 1108.90 gap.
Bulletin - Originally sent 01/22/04 (10:08 am est)
Short positions were taken at 1148.50. The sell off down to
1145.50 is near enough to the 1145 obj. and completes the trade.
Bulletin - Originally sent 01/22/04 (10:15 am est)
The sell-off down to 1145.10 is near enough to the 1145 buy area
putting traders into long positions. The obj. is near 114750
- 1148.50. Continue to use a sell stop and rev. short at
1142.
Bulletin - Originally sent 01/22/04 (10:40 am est)
Long positions were taken at 1145.10. The rally up to
1147.50 meets the obj. and completes the trade.
Bulletin - Originally sent 01/22/04 (3:40 pm est)
The sell stop was hit at 1142, putting traders into short
positions. NOTE: The only price
showing a support at this time is a reverse peak from yesterday's
intra-day chart at 1141.20, which can be used for support at this
time. It was not mentioned in the report because of the lack
of significance at that time. Because of this support the
obj. might fail to be met.
It is recommended for traders to exit the short position at the
market, which is trading at 1143.70 at this time and scratch the
trade with a small loss.
Results: 01/22/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Friday 1-23-04 : 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 March contract -
1144.60 peak and 1145.20 intra-day channel also 1145.50 and
1146 peaks (major area) / 1147.50 and 1147.80
peaks (major area) / 1149.30 day top and
1149.90 monthly top also 1150.10 minor upper channel (major
area) / 1153.10 minor weekly upper channel also
1153.70 major monthly upper channel and 1153.70 is also the
major 50% retracement area (very
major area) / 1155.50 minor weekly upper
channel also 1156.50 daily upper channel (major area)
/ 1158.90 minor weekly upper channel and 1159.20 daily upper
channel (very major area) /
1162.50 and 1163.50 day tops (major area) /
1169 weekly top and 1171.30 minor weekly upper channel (major
area) / 1177 monthly top and also 1178.50 monthly top
also 1180 weekly closing gap in the March contract (very
major area) / 1187.50 weekly closing price and
1189.50 weekly top (very major
area).
Support: For
the March contract -
1141.30 day bottom and 1140.10 intra-day channel (major
area) / 1139.40 day channel and 1138.40 day channel
with GBX prices (major area) / 1134.50 major
day channel and 1133 day bottom also 1132 day bottom (very
major area) / 1126 major weekly channel and
1125.60 day channel (very major
area) / 1122.10 minor weekly channel and
1121.30 day gap also 1119.40 GBX bottom (very
major area) / 1113.80 weekly bottom and 1112
day bottom (major area) / 1108.90 weekly
closing gap and 1108.60 GBX bottom also 1107.90 long-term
major day channel (very major
area) / 1103.50 day bottom (major)
/ 1197.20 weekly bottom (major) / 1093.50
weekly closing gap and 1093 GBX weekly bottom also 1092.50 day
bottom (very major area).
Comments:
The whiplashing action on Thursday remained
inside the first neutral area, proving the resistance and
support are both at equal value in this area, which leaves the
chart neutral again between two neutral trading ranges.
One being between 1147.80 and 1139.40 area and the other
between 1150.10 and 1134.50 area. A trade above or below
these areas today is significant but only a breakout
to either side of the weekly range between 1158.90 and 1126
will be a signal in the direction to follow for next week.
Remain defensive inside the two neutral areas until the market
can prove a breakout to either side of the weekly range.
Day
trades: For The March contract -
Aggressive traders can buy dips near 1142 -
1139.50 area or sell rallies near 1144 - 1145.50 area,
whichever side comes first, to complete the trade. (Use
a sell stop and rev. short at 1137.70). (Use a buy stop
and rev. long at 1146).
Sell stop at 1137.70 for obj. near 1135 -
1134.50 area.
Sell stop at 1131.70 for obj. near 1128 -
1126 area.
Sell stop at 1124.70 for obj. near 1122.70 -
1122.10 area and possibly near 1121.30 day gap.
Buy stop at 1146 for obj. near 1147.50 -
1147.80.
Buy stop at 1148.10 for obj. near 1149.90 -
1150.10 area.
Buy stop at 1151 for obj. near 1153 - 1153.70
area.
Buy stop at 1154.10 for obj. near 1155.50 -
1156.60 area and possibly near 1158.90
Bulletin - Originally sent 01/23/04 (9:45 am est)
Long positions were taken on a buy stop at 1146 on the opening.
The rally to 1147.20 is near enough to the 1147.50 obj. and
completes the trade.
Bulletin - Originally sent 01/23/04 (9:50 am est)
The market is showing signs of resistance at the 1147.20 area.
Aggressive traders can attempt short positions and sell at the
market, which is trading at 1146.50. (Use a buy stop and
rev. long at 1148). The obj. for this trade is near
1143.50 - 1142 area.
Bulletin - Originally sent 01/23/04 (11:08 am est)
The buy stop was hit at 1148.10 putting traders into long
positions. The double top at 1149 is showing signs of
resistance but the sell-off at 1143.70 is giving traders another
buying opportunity.
It is recommended for traders to enter additional long positions
at the 1145- 1144 area. Continue to use a sell stop and
rev short at 1137.70. The obj. for all long positions is
to exit at 1148, which will be a profit on this additional trade
and a scratch on the buy stop trade.
Bulletin - Originally sent 01/23/04 (2:38 pm est)
The sell stop was hit putting traders into short positions.
It appears the major support at 1134.50 is holding prices from
moving lower and might not reach the 1135 -1134.50 obj. today.
It is recommended for traders to exit short positions at the
market, which is trading at 1139 at this time, and cut
losses.
Results: 01/23/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Monday 1-26-04 : 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 March contract -
1142 and 1142.80 intra-day peak (major area)
/ 1146 peak and 1147.10 newly developed long-term major
weekly channel (very major
area) / 1149.30 weekly top and 1149.90
monthly top also 1150.90 minor upper channel (major
area) / 1153.60 newly developed long-term major
weekly upper channel and 1153.70 major monthly upper channel
and also 1153.70 is the major 50% retracement area (very
major area) / 1154.60 daily upper channel (major)
/ 1159.80 minor weekly upper channel (very
major area) / 1162.50 and 1163.50 day tops
also 1164.40 minor weekly upper channel (major area)
/ 1168 minor weekly upper channel and 1169 weekly top (major
area) / 1172.60 minor weekly upper channel (major
area) / 1177 and 1178.50 monthly double top area
also 1180 weekly closing gap in the March contract (very
major area) / 1185.20 minor weekly upper
channel and 1187.50 weekly closing price (major
area) / 1189.50 weekly top (very
major area).
Support: For
the March contract -
1138.50 base and 1138.10 major weekly channel also 1138 day
channel and 1137.90 weekly channel and 1137 major day
channel (very major area)
/ 1135.30 day bottom (major) / 1133
and 1132 day bottoms (major area) / 1130.40
minor weekly channel and 1128.50 intra day base also 1127
day channel (very major area)
/ 1123 and 1122.70 day bottoms also 1121.30 day gap (major
area) / 1119.40 GBX bottom (major)
/ 1114.90 weekly channel with GBX prices and 1113.80
weekly bottom also 1112 day bottom (very
major area) / 1109.70 long-term day channel
and 1108.90 weekly closing gap (very
major area) / 1103.50 day bottom (major)
/ 1097.40 weekly channel without GBX prices and 1097.20
weekly bottom also 1095.30 long-term major weekly channel (very
major area).
Comments:
The sell-off on Friday from the major
resistance area was significant but the market managed to
hold above the 1134.50 major support, leaving the chart
neutral inside the first critical trading range between
1147.10 and 1138.10. There is a second critical
trading area, which is the weekly range found
between the 1149.90 - 1153.70 resistance area and the
1130.40 - 1127 support area. A breakout above the
1153.70 area can bring prices up to challenge near the 1177
double top area. A trade above the 1177 double top
will be considered a major breakout for prices to possibly
challenge the 1232.50 and 1319 top areas. A trade
below 1138.50 - 1137 area is slightly bearish but only a
trade below the 1130.40 - 1127 area can bring any solid
bearishness back to the chart. Remain defensive inside
the first two trading areas until a breakout to either side
can possibly point a direction.
Day
trades: For The March contract -
Aggressive traders can buy dips near 1140 -
1137 area, or sell rallies near 1146 - 1147.10 area,
whichever side comes first to complete the trade. (Use
a sell stop and rev. short at 1135). (Use a protective
buy stop at 1151.30. Do not rev. long).
Aggressive traders can buy dips near 1131 -
1127 area for obj. near 1136 - 1138 area. (Use a sell
stop and rev. short at 1125.70).
Aggressive traders can sell rallies near
1153 - 1153.70 area and if possible near 1154.60 for obj.
near 1149 - 1147 area and possibly near 1145. (Use a
buy stop and rev. long at 1156.70).
Sell stop at 1135 for obj. near 1133 - 1132
area and possibly near 1130.40 - 1127 area.
Sell stop at 1125.70 for obj. near 1123 -
1122.70 area and possibly near 1121.30 gap.
Sell stop at 1118 for obj. near 1115 -
1113.80 area.
Buy stop at 1156.70 for obj. near 1158.70 -
1159.80 area.
Buy stop at 1160.50 for obj. near 1162.50 -
1163.50 area and possibly near 1164.40 area.
Bulletin - Originally sent 01/26/04 (9:49 am est)
Long positions were taken on the opening at 1139.50. The
rally up to 1142.50 is the first level of resistance for
traders to consider taking profits. This completes
the first side of the trade. Traders can still consider
selling near 1146 - 1147 area.
Bulletin - Originally sent 01/26/04 (10:55 am est)
Long positions were taken again at the 1140 buy area.
The rally up to 1143.50 is worthy enough for traders to
consider taking profits again. This completes the buy
side of the first trade and will not be repeated again.
The sell at 1146 - 1147 area will still be considered for
short positions.
Bulletin - Originally sent 01/26/04 (2:39 pm est)
The rally up to 1146 - 1147.10 area put traders into short
positions. The short position that was taken at 1146.50
should use an obj. to take profits near 1144 - 1143 area.
(Continue to use a protective buy stop at 1151.30. Do
not rev. long).
Bulletin - Originally sent 01/26/04 (3:39 pm est)
The rally up to 1152.50 is near enough to the 1153 sell area
putting traders into short positions.
The obj is to exit near the 1149 - 1147 area. Continue
to use a buy stop and rev. long at 1156.70
Results: 01/26/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Tuesday 1-27-04 : 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 March contract -
1154.30 closing price and 1155 day top (major
area) / 1156.80 weekly top and 1157.10 newly
developed daily upper channel (major area)
/ 1159.80 minor weekly upper channel and 1160.20 daily
upper channel (very major
area) / 1162.50 and 1163.50 day tops also
1164.40 minor weekly upper channel (major area) /
1168 minor weekly upper channel and 1169 weekly top (major
area) / 1172.60 minor weekly upper channel (major
area) / 1177 and 1178.50 monthly double top area
also 1180 weekly closing gap in the March contract (very
major area) / 1185.20 minor weekly upper
channel and 1187.50 weekly closing price (major
area) / 1189.50 weekly top (very
major area).
Support: For
the March contract -
1153.70 intra-day channel and 1153.30 base (major
area) / 1151.70 and 1151.30 base area (major
area) / 1147.50 base and 1146.30 gap and
intra-day channel (major area) / 1144.20
intra-day channel and 1143.30 minor day channel (major
area) / 1140.70 day channel and 1139.60 major day
channel also 1139.30 day bottom and 1138.10 major weekly
channel also 1137.90 weekly channel and 1137.60 minor day
channel (very major area)
/ 1135.30 day bottom (major) / 1133
weekly bottom and 1132 day bottom also 1130.40 minor
weekly channel (very major
area) / 1128.50 day channel (major)
/ 1123 and 1122.70 day bottoms also 1121.30 day gap (major
area) / 1119.40 GBX bottom (major)
/ 1114.90 weekly channel with GBX prices and 1113.80
weekly bottom (very major
area) / 1112 day bottom and 1111.40
long-term major day channel (very
major area) / 1108.90 weekly closing gap (major
area) / 1103.50 day bottom (major)
/ 1097.40 weekly channel without GBX prices and 1097.20
weekly bottom also 1095.30 long-term major weekly channel (very
major area).
Comments:
The rally on Monday brought prices up
to the major resistance area at 1153.70 - 1154.60 area and
surprisingly held the rally without a sell-off leaving the
chart in bullish territory but defensive. A trade
above the 1156.80 weekly top and 1159.80 channel area is
bullish and will be considered another breakout for prices
to possibly challenge the 1177 - 1178.50 double top area.
Only a trade below the 1140.70 - 1137.90 area could bring
any bearishness back to the chart. Remain defensive
inside the first trading area between 1156.80 and 1146.30.
Also the wide second trading area between 1159.80 and
1137.60 will play an important roll for the direction in
this very critical area.
Day
trades: For The March contract -
Aggressive traders can sell rallies near
1154 - 1156.80 area or buy dips near 1152.50 - 1151.70,
whichever side comes first to complete the trade.
(Use a buy stop and rev. long at 1157.60). (Use a
sell stop and rev. short at 1150.30).
Aggressive traders can sell rallies near
1159.80 - 1160.20 area for obj. near 1154.50 - 1153 area.
(Use a buy stop and rev. long at 1161.30).
Aggressive traders can buy dips near 1141
- 1139.60 area for obj. near 1144 - 1145.50 area.
(Use a sell stop and rev. short at 1134.70).
Buy stop at 1157.60 for obj. near 1159 -
1160.20 area.
Buy stop at 1161.30 for obj. near 1163 -
1164.40 area and possibly near 1167.
Buy stop at 1170 for obj. near 1172.60
and possibly near 1175 - 1177 area.
Sell stop at 1149.70
for obj. near 1147.70 - 1146.30 area.
Sell stop at 1134.70 for obj. near 1133 -
1132 area and possibly near 1130.40 area.
Sell stop at 1125 for obj. near 1123 -
1122.70 and possibly near 1121.30 gap area.
Bulletin - Originally sent 01/27/04 (9:41 am est)
Short positions were taken on the opening at 1153.40, which
is near enough to the 1154 sell area. The sell off
down to 1151.50 meets the obj. and completes the trade.
Bulletin - Originally sent 01/27/04 (9:48 am est)
Long positions were taken at 1151.50. The rally up to
1153.60 is near enough to the 1154 obj. and completes the
trade.
This trade is complete on both sides and will not be
repeated for today.
Bulletin - Originally sent 01/27/04 (11:53 am est)
The sell stop at 1149.70 was hit putting traders into short
positions. The market reached 1148.50, showing signs
of support before the obj. was reached.
It is recommended for traders to exit the short position and
buy near 1149.70 to scratch the trade.
Results: 01/27/04
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Wednesday 1-28-04 : 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 March contract -
1144.60 intra-day channel also 1144.70 and 1145.20
peaks (major area) / 1146.30 and
1147.10 peaks also 1147.60 intra-day channel and
1147.90 peak (major area) / 1150.50
peaks (major) / 1153 minor day
channel and 1154 day top also 1155 day top and 1156.80
weekly top (very major
area) / 1159.10 daily upper channel
and 1159.80 minor weekly upper channel (very
major area) / 1162.50 daily upper
channel also 1162.50 and 1163.50 day tops and 1164.40
minor weekly upper channel (very
major area) / 1167.10 daily upper
channel and 1168 minor weekly upper channel also 1169
weekly top (major area) / 1172.60
minor weekly upper channel (major area)
/ 1177 and 1178.50 monthly double top also 1180 weekly
closing gap in the March contract (very
major area) / 1185.20 minor weekly
upper channel and 1187.50 weekly closing price (major
area) / 1189.50 weekly top (very
major area).
Support: For
the March contract -
1142.20 major day channel (major area)
/ 1139.30 day bottom and 1138.10 major weekly channel
also 1137.90 weekly channel (very
major area) / 1135.30 day bottom (major)
/ 1133 weekly bottom and 1132 day bottom also 1130.40
minor weekly channel and 1130 day channel (very
major area) / 1123 and 1122.70 day
bottoms also 1121.30 day gap (major area)
/ 1119.40 GBX bottom (major) / 1114.90
weekly channel with GBX prices and 1113.80 weekly
bottom also 1113.20 long-term day channel and 1112 day
bottom (very major area)
/ 1108.90 weekly closing gap (major area)
/ 1103.50 day bottom (major) /
1097.40 weekly channel without GBX prices and 1197.20
weekly bottom also 1095.30 long-term major weekly
channel and 1094.10 long-term major day channel (very
major area).
Comments:
The sell-off on Tuesday from the
major resistance was significant, removing some of the
bullishness from Monday, leaving the chart in
neutral condition again between the 1153 - 1138.10
trading range. A trade below the 1138.10 -
1137.90 major support can bring prices down to
challenge the 1130.40 - 1130 support area. A
trade below 1130 is bearish for lower prices. A
trade today above the 1144.60 will challenge the
1147.60 resistance. A trade above 1147.60 is
slightly bullish and can challenge the 1153 - 1156.80
major resistance. A trade above 1156.80 and
1159.80 areas will be considered a breakout for higher
prices. Remain defensive inside the first
trading area between 1144.60 and 1147.60 resistance
and 1138.10 and 1137.90 support.
Day
trades: For The March contract -
Aggressive traders can buy dips near
1139.50 - 1137.90 area or sell rallies near 1144.50 -
1147.60 area, whichever side comes first, to complete
the trade. (Use a sell stop and rev. short at
1134.90). (Use a buy stop and rev. long at
1148).
Aggressive traders can buy dips near
1131.50 - 1130 area for obj. near 1135 - 1137 area.
(Use a sell stop and rev. short at 1127).
Aggressive traders can sell rallies
near 1153 - 1156 area for obj. near 1148 - 1145 area.
(Use a buy stop and rev. long at 1160.30).
Sell stop at 1134.90 for obj. near
1131.50 - 1130 area.
Sell stop at 1127 for obj. near 1124
- 1122.70 area and possibly near 1121.30 gap.
Sell stop at 1118 for obj. near 1115
- 1113.80 area.
Buy stop at 1148 for obj. near 1151 -
1153 area.
Buy stop at 1160.30 for obj. near
1162.30 - 1164.40 area.
Bulletin - Originally sent 01/28/04 (11:10 am est)
Short positions were taken at 1146. The rally up to
1147.80 is still showing signs of resistance. Change
the buy stop from 1148 and move it up to 1149.
Bulletin - Originally sent 01/28/04 (2:26 pm est)
Short positions were taken at 1146. The sell-off
down to 1139.50 - 1137 meets the obj. and completes the
trade.
Bulletin - Originally sent 01/28/04 (2:40 pm est)
The sell stop was hit at 1134.90 putting traders into
short positions. The sell-off should have hit the
1131 - 1130 obj. but There's too much support at the 1133
- 1130.40 area to risk this trade. the fast
sell-off could be just a shakeout.
It is recommended for traders to exit the short position
at the market, which is trading at 1135 at this time and
scratch the trade.
Bulletin - Originally sent 01/28/04 (2:52 pm est)
The sell-off down to 1131.50 - 1130 area was the buy area
putting traders into long positions. The obj.
remains near 1135 - 1137 area. Continue to use a
sell stop and rev. short at 1127.
Bulletin - Originally sent 01/28/04 (3:01 pm est)
Short positions were taken at 1131. The rally up to
1135 meets the obj. and completes the trade.
Bulletin - Originally sent 01/28/04 (3:27 pm est)
The support is significant enough to consider taking long
positions again at the 1131.50 - 1130 area.
Long positions were taken at 1131.50. The obj.
remains near 1135 - 1137 area. Continue to use a
sell stop and rev short at 1127.
Bulletin - Originally sent 01/28/04 (3:56 pm est)
The sell stop was hit at 1127 putting traders into short
positions. The sell-off down to 1124.90 is near
enough to the 1124 obj. and completes the trade.
Results: 01/28/04
A TECHNICAL
GUIDE FOR DAY TRADING THE S & P
S
& P - For Thursday 1-29-04 : 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 March contract -
1130.50 intra-day channel and 1131.10 rev. base also
1133.20 peak (major area) / 1135.50
peak and 1138 peak (major area) /
1142 day channel and 1144.50 peak (very
major area) / 1148 day top (major
area) / 1152 minor day channel and 1154 day
top also 1155 day top and 1156.80 weekly top (very
major area) / 1159.80 minor weekly
channel and 1161.10 daily upper channel (very
major area) / 1162.50 and 1163.50
day tops also 1164.40 minor weekly upper channel and
1164.80 daily upper channel (very
major area) / 1167.10 daily
upper channel and 1168 minor weekly upper channel
also 1169 weekly top (major area) /
1172.60 minor weekly upper channel (major
area) / 1177 and 1178.50 monthly double top
also 1180 weekly closing gap in the March contract (very
major area).
Support: For
the March contract -
1128 base and 1127 newly developed major day channel
also 1126.70 base (major area) /
1125.90 minor day channel and 1124.90 day bottom
also 1124.20 weekly GBX channel (very
major area) / 1123 and 1122.70
weekly bottoms also 1121.30 day gap (major
area) / 1119.40 GBX bottom (major)
/ 1114.90 weekly channel with GBX prices and 1114.90
is also the long-term major day channel also 1113.80
weekly bottom and 1112 day bottom (very
major area) / 1108.90 weekly closing
gap and 1108.60 GBX bottom (major area)
/ 1103.50 day bottom (major) /
1097.40 weekly channel without GBX prices and
1197.20 weekly bottom (very
major area) / 1095.50 long-term
major day channel and 1095.30 long-term major weekly
channel also 1093.50 weekly closing gap and 1093 GBX
weekly bottom (very
major area).
Comments:
The sell-off on Wednesday brought
prices down below the first major support area
leaving it in neutral to bearish condition. A
trade below the 1124.20 and 1121.30 gap area can
bring prices down to challenge the 1114.90 area,
which is the long-term major support and can prove
to be significant enough to stimulate substantial
rallies. A trade below 1114.90 can prove to be
the first signal of a major trend reversal. A
trade below 1097.30 - 1093 area will confirm a
reversal of the major trend to the downside for
lower prices to continue. Only a trade above
1142 can bring any bullishness back to the chart.
Remain defensive inside the first neutral area
between the 1133.20 - 1135.50 resistance and 1127 -
1124.20 support. Also, be defensive inside the
wide major trading area between 1142 - 1114.90.
Day
trades: For The March contract -
Aggressive traders can sell rallies
near 1130 - 1133 area or buy dips near 1127 -
1125.50 area, whichever side comes first to complete
the trade. (Use a protective buy stop and
1136. Do not rev. long). (Use a sell
stop and rev. short at 1124).
Aggressive traders can sell rallies
near 1138 - 1142 area for obj. near 1135 - 1133.50
area. (Use a buy stop and rev. long at 1145).
Aggressive traders can attempt long
positions near 1114.90 - 1113.80 area for
obj. near 1119 - 1121 area. (Use a sell stop
and rev. short at 1111).
Buy stop at 1145 for obj. near
1146.50 - 1147.50 area.
Buy stop at 1149.30 for obj. near
1151 - 1153 area and possibly near 1156.80.
Sell stop at 1124 for obj. near
1122.70 - 1121.30 gap area.
Sell stop at 1118 for obj. near
1115.50 - 1114.90 area.
Sell stop at 1111 for obj. near
1108.90 weekly gap.
Bulletin - Originally sent 01/29/04 (9:55 am est)
Short position were taken on the opening at 1131.50.
The sell off down to 1128.20 is near enough to the 1127
obj. and completes the trade.
Bulletin - Originally sent 01/29/04 (10:05 am est)
The sell off down to 1127 is the buy area putting
traders into long positions. The obj. if near
1130 - 1131 area. (Continue to use a sell stop
and rev. short at 1124).
Bulletin - Originally sent 01/29/04 (10:50 am est)
Long positions were taken at 1127. The rally up
to 1130 meets the obj. and completes the trade.
Bulletin - Originally sent 01/29/04 (1:46 pm est)
The sell stop was hit at 1124 putting traders into
short positions. The sell-off down to 1122 meets
the obj, and completes the trade.
Results: 01/29/04
A TECHNICAL
GUIDE FOR DAY TRADING THE S & P
S
& P - For Friday 1-30-04 : 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 March
contract -
1131.40 and 1131.50 peaks also 1131.50 intra-day
channel and 1133.50 day top (major area)
/ 1135.50 peak and 1136 day channel also 1138
peak (very major
area) / 1140 weekly closing
price and 1142 intra-day channel (major
area) / 1147.30 peak and 1148 day top (major
area) / 1151 minor day channel (major)
/ 1154 day top and 1155 weekly top also 1156.80
weekly top (very
major area) / 1159.80 minor
weekly channel (major area) /
1162.50 and 1163.50 day tops also 1163.20 daily
upper channel and 1164.40 minor weekly upper
channel (very
major area) / 1167.10 daily
upper channel and 1168 minor weekly upper
channel also 1169 weekly top (major
area) / 1172.60 minor weekly upper
channel (major area) / 1177 and
1178.50 monthly double top also 1180 weekly
closing gap in the March contract (very
major area).
Support:
For the March
contract -
1130 intra-day channel and base also 1129 and
1128.50 rev. peaks (major area)
/ 1125.10 and 1124.70 base area also 1122.90
newly developed major day channel (very
major area) / 1121 day bottom
and 1119.40 GBX bottom (major area)
/ 1116.70 long-term major day channel and
1114.90 weekly channel with GBX prices (very
major area) / 1113.80 weekly
bottom and 1112 day bottom (major area)
/ 1108.90 weekly closing gap and 1108.60 GBX
bottom (major area) / 1103.50
day bottom (major) / 1097.40
weekly channel without GBX prices and 1097.20
weekly bottom also 1096.90 long-term major day
channel (very
major area) / 1095.30 long-term
major weekly channel and 1093.50 weekly closing
gap and 1093 GBX weekly bottom (very
major area).
Comments:
The whiplashing action on
Thursday remained inside the neutral area.
The rally from the support gap managed to close
the session up on the day taking away some of
the bearishness and leaving the chart neutral to
slightly bearish between the 1136 - 1122.90
trading area. A trade above 1136 - 1138
area is slightly bullish but only a trade above
1042 can bring any significant bullishness back
to the chart. A trade today below the
1122.90 - 1119.40 area is bearish but the
support at 1116.70 - 1114.90 area is
significant. A trade below 1114.90 can
prove to be the first signal of a major trend
reversal to the downside. Next week the
new monthly support line moves up to 1111.70.
This monthly channel can prove to be supportive
enough for rallies or a signal to confirm a
major reversal to the downside. Remain
defensive inside the 1136 - 1122.90 trading area
until a signal for direction can be established.
Day
trades: For The March contract -
Aggressive traders can sell
rallies near 1135 - 1136 area for obj. near 1131
- 1129 area. (Use a buy stop and rev. long
at 1139).
Aggressive traders can buy dips
near 1117 - 1114.90 area for obj. near 1120 -
1123 area. (Use a sell stop and rev. short
at 1111).
Buy stop at 1139 for obj. near
1141 - 1142 area.
Buy stop at 1143.70 for obj.
near 1145 - 1147 area.
Sell stop at 1127.90 for obj. near
1125.90 - 1122.90 area.
Sell stop at 1111 for obj. near
1108.90 gap - 1108.60 area.
Bulletin - Originally sent 01/30/04 (9:25 am est)
Cancel the sell stop at 1127.90. The GBX
session had made a low at 1127.70, which would now
consider it to be a double bottom support if it got
there, and it would make the sell stop at 1127.90
too high of a risk for the reward at this time.
Results: 01/30/04
HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED
BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY
SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL
RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
|
|
Home | Bulletin Service | S & P Report | Comments | Order Form | Archived S & P Reports | Feedback 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.
|