The Tech Guru Commodity Report 

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Archived S & P Daily Reports

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

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The week in review - 9/16/02 - 9/20/02
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 09-16-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
892 and 892.50 intra-day channel also 893.20 day top (major area) / 895.50 and 895.70 peaks also 898.50 and 899.50 intra-day peaks (major area) / 903 day top to 906.30 day gap (major area) / 911.20 day session close also 912.20 weekly channel (very major area) / 916.40 weekly and monthly close also 919 day channel (major area) / 925 weekly channel and 927 weekly top also 927.20 minor weekly channel (very major area) / 928.50 and 929 day tops also 930.50 major day channel (very major area) / 936.90 day gap (major) / 941.20 weekly close also 945 minor weekly channel (very major area).
 
Support:  For the Dec. contract -
891.20 newly developed weekly channel and 886 minor weekly channel (very major area) / 883.50 minor weekly channel (major) / 879.50 major day channel and 877.50 minor day channel also 876.50 weekly bottom (major area) / 869.50 and 869 weekly bottoms also 864.70 weekly closing price (very major area) / 860.80 day session close (major) / 854 and 851 bottoms (major area) / 844 weekly closing price (very major area) / 833.50 day gap and 831.20 and 832 weekly bottoms also 828.50 GBX weekly bottom (very major area).
 
Comments:  
    The market continued to hold the major support on Friday proving the significance of the area.  The close on Friday was slightly higher for the day but the weekly managed to close slightly lower leaving the chart neutral but technically supportive.  A trade below 886 is slightly bearish but a trade below 879 - 877.50 area can bring prices down to challenge the 869 - 865 area.  A trade below 865 will fail the major support for lower prices to follow. A trade above 899.50 can prove to be bullish enough to bring prices up to challenge the 919 and 927 major resistances.  A trade above 927 - 930.50 area will be considered a breakout for higher prices.  Remain overall bullish in this critically supportive area until the market can prove otherwise.
                                                                       
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 889 - 886 area and if possible near 884 for obj. near 893 - 895 area and possibly near 898.  (Use a sell stop and rev. short at 874).
 
Aggressive traders can attempt long positions near 867 - 865 area for obj. near 873 - 876 area and possibly near 878.  (Use a sell stop and rev. short at 859.50).
 
Sell stop at 874 for obj. near 870 - 869 area and possibly near 867 - 865 area.
Sell stop at 859.50 for obj. near 855 - 854 bottom area and possibly near 851.
 
Buy stop at 900.70 for obj. near 905 - 906 area.
Buy stop at 915.20 for obj. near 919 and possibly near 921 - 924 area.
 
Long-term positions traders holding long positions can look for obj. near 903 - 906 area and possibly higher.  (Use a protective sell stop at 860.  Conservative traders can use a protective sell stop at 873). 
 

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

Bulletin - Originally sent 9/16/02 (3:31 pm est)

The market gave traders the opportunity to enter long positions this morning at 886 and again at 880.  The rally up to 892 is considered a double top to the high made this morning at 891.20 and should be considered a sell signal for long positions to exit and take profits.

Results:    9/16/02

Bought @ 886        Sold @ 892         = + $1,500.00
Bought @ 880        Sold @ 892         = + $3,000.00
TOTAL (P & L)                                     + $4,500.00
 
        thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 09-17-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
895.50 and 895.70 peaks also 898.50 and 899.50 peaks (major area) / 903 day top to 906.30 day gap (major area) / 911.20 day session close also 912.20 weekly channel (very major area) / 916 day channel and 916.40 weekly and monthly close (very major area) / 925 weekly channel and 926.50 major day channel also 927 weekly top and 927.20 minor weekly channel (very major area) / 928.50 and 929 day tops (major area) / 933.50 day channel and 936.90 day gap (very major area) / 945 minor weekly channel also 946.50 and 947 minor day channels (very major area) / 950 minor day channel (major).
 
Support:  For the Dec. contract -
892 and 891.50 intra-day channels also 889.80 base and rev. peak (major area) / 887.50 intra-day channel also 884.70 and 883.80 base (major area) / 881.50 major day channel and 881.50 intra-day gap also 880.70 base and 880 minor day channel (very major area) / 878.60 bottom and 878 minor day channel also 876.50 weekly bottom and 876 weekly GBX bottom (major area) / 869.50 and 869 weekly bottoms also 865 and 864.70 weekly closes (very major area) / 860.80 day session close / 854 and 851 bottoms also 853.70 weekly closing price (very major area) / 844 weekly closing price (very major area) / 833.50 day gap and 831.20 and 832 weekly bottoms also 828.50 GBX weekly bottom (very major area).
 
Comments:  
    The market continued to hold the major support on Monday proving for the second day the significance of the area.  The market also managed to close up for the second day in a row leaving the chart neutral to slightly bullish and very supportive for higher prices to develop.  The overnight GBX session for Tuesday managed to trade up to the major resistance at 916.  A trade above 916 is bullish but will face the test to break through the 927 major area.  A trade above 927 will be considered a breakout for higher prices.  A trade today below 881.50 - 878 area will fail the major support for lower prices to follow.  Remain defensive inside the wide neutral area between 916 and 883.80.
                                                                           
Day trades:  For the Dec. contract -
 
Aggressive traders can sell rallies near 912 - 916 area for obj. near 906 - 903 area.  (Use a buy stop and rev. long at 919).
 
Aggressive trader can sell rallies near 924 - 927 area for obj. near 916 - 913 and possibly near 909.  (Use a buy stop and rev. long at 931.50).
 
If the market opens above 903, aggressive traders can buy dips near 898 - 895 area for obj. near 903 - 906 area.  (Use a protective sell stop at 893.50.  Do not rev. short).
 
Aggressive traders can buy dips near 883 - 881.50 area, if it gets there, for obj. near 891 - 893 area.  (Use a sell stop and rev. short at 874).
 
Buy stop at 919 for obj. near 924 and possibly near 927.
Buy stop at 931.50 for obj. near 933.50 - 936.90 area.
 
Sell stop at 874 for obj. near 870 - 869 area and possibly near 865.
Sell stop at 859.50 for obj. near 855 - 854 area and possibly near 851.
 
Long-term positions traders holding long positions can look for obj. near 903 - 906 area and possibly near 910 - 912 area.  (Use a protective sell stop at 860.  Conservative traders can use a protective sell stop at 873).
 

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

Bulletin - Originally sent 9/17/02 (10:06 am est)

The sell-off down to the 893.50 sell stop was hit but at this time the chart formation appears supportive and still worthy of long positions. 

Aggressive traders can re-enter the long positions near 893.50 - 894.50 area for obj. near 903 - 906.  (Use a protective sell stop at 889.  Do not rev. short).

Bulletin - Originally sent 9/17/02 (10:19 am est)

The 889 sell stop was hit but the condition still remains supportive for possible rallies.  As recommended in the first aggressive trade to buy near 889 - 886 and near 884 if possible will remain as an open trade for long positions to be taken. 

It is recommended for traders to enter long positions at this time at the market.  The market is trading near 887.50 at this time.  Additional long positions can still be taken near 883 - 880 level.  Continue to use a sell stop and rev. short at 874.

Bulletin - Originally sent 9/17/02 (3:46 pm est)

The sell-off to 874 put traders into short positions.  The 869 is a very major support and can stimulate rallies.  The congestion formation is now proving support making the short position risky.  It is recommended for traders to exit near the 874 - 873 area and scratch the trade before losses occur.

Results:    9/17/02

Bought @ 869.50        Sold @ 893.50         = -  $   750.00
Bought @ 894             Sold @ 889              = -  $1,250.00           (as per bulletin)
Bought @ 888.50        Sold @ 874              = -  $3,625.00  
Sold @ 874                Bought @ 873           = + $  250.00            (as per bulletin)
TOTAL (P & L)                                               -  $5,375.00
Long-term positions bought @ 885 from 9/12/02 sold @ 905    = + $5,000.00
 
        thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 09-18-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
874.60 peak and 877 intra-day channel (major area) / 881 intra-day channel also 883, 884 and 885.50 peaks (major area) / 888.50 peak (major area) / 891 peak and 893 day session closing price (major area) / 899 peak and 900 newly developed day channel (very major area) / 905.50 day top and 906.30 day gap (major area) / 913.50 day channel and 916 GBX top (very major area) / 924.50 major day channel also 925 weekly channel (very major area) / 927 weekly top and 927.20 minor weekly channel also 928.50 and 929 day tops (very major area).
 
Support:  For the Dec. contract -
869.50 and 869 weekly bottoms (very major area) / 865 and 864.70 weekly closes (very major area) / 860.80 day session close (major area) / 854 and 851 bottoms also 853.70 weekly closing price (very major area) / 844 weekly closing price (very major area) / 833.50 day gap also 832 and 831.20 weekly bottoms (very major area) / 828.50 GBX weekly bottom (major area) / 819.80 day session closing price and 814 bottom (very major area).
 
Comments:  
    The sell-off on Tuesday from the major resistance area brought prices down below the major channel support lines and slightly bearish, facing the 869 bottom and 864.70 weekly closing price as the last support in this neutral area.  A trade below the 864.70 - 860.80 area will be considered a technical failure for lower prices to develop.  Only a trade above 900 can bring any solid bullishness back to the chart and can bring prices up to challenge the 913.50 - 916 area again.  A this time only a trade above 927 can bring the uptrend back into play.  NOTE:  The sell-off on Tuesday is the second time the market is challenging the major 50% retracement area between the 966 top and 773 bottom.  If this area fails to hold support, prices can sell-off down near the 833.50 gap area and can possibly challenge the contract low at 773.  Remain very defensive in this critically neutral retracement area.
                                                                               
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 865 - 861 area and sell rallies near 869 - 873 area, whichever side comes first to complete the trade.  (Use a sell stop and rev. short at 859.80).  (Use a buy stop and rev. long at 877.70).
 
Aggressive traders can sell rallies near 897 - 900 area for obj. near 893 - 891 area.  (Use a buy stop and rev. long at 903).
 
Buy stop at 877.70 for obj. near 881 - 883 area and possibly near 885.
Buy stop at 893.70 for obj. near 897 - 900 area.
Buy stop at 903 for obj. near 906.30 gap and possibly near 909.
 
Sell stop at 859.80 for obj. near 855.50 - 853.70 area and possibly near 851.
Sell stop at 849 for obj. near 845 - 844 area.
Sell stop at 840 for obj. near 835 - 833.50 gap and possibly near 832.
 

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

Bulletin - Originally sent 9/18/02 (11:30 am est)

The sell stop at 859.80 was hit putting traders into short positions.  The performance of the market in this area is showing signs of technical support. 

It is recommended for traders to exit the short positions taken near the 860 and scratch the trade.

Bulletin - Originally sent 9/18/02 (3:16 pm est)

The rally hit the buy stop at 877.70 and did not meet the obj. near 881 - 883 area.  The rally seems to be a little too high, too fast and is now subject to some retracements.  It is recommended for traders to exit the long position taken at 877.70 and scratch the trade.

Results:    9/18/02

Bought @ 863.50        Sold @ 869         = + $1,375.00
Sold @ 859.80            Bought @ 860     = -  $     50.00        (bought as per bulletin)
Bought @ 877.70        Sold @ 877          = -  $   175.00  
TOTAL (P & L)                                          + $1,150.00
 
        thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 09-19-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
863.80 intra-day channel and day session close also 864.50 peak (major area) / 868.20 intra-day gap and 870 peak (major area) / 875.70 and 877 intra-day channel also 877.30 peak and 879 day top (very major area) / 883, 884 and 885.50 intra-day peaks (major area) / 888.50 and 891 peaks including congestion closing prices (major area) / 894.50 day channel (very major area) / 905.50 weekly top to 906.30 day gap (major area) / 910.50 day channel (very major area) / 916 GBX top (major) / 922.50 major day channel (very major area).
 
Support:  For the Dec. contract -
859 newly developed major day channel and 858 minor day channel also 856.80 bottom (very major area) / 854 and 851 day bottom also 853.70 weekly closing price and 852.50 rev. channel (very major area) / 846.10 and 843.60 minor down channels also 844 weekly closing price (very major area) / 833.50 day session gap also 832 and 831.20 weekly bottoms (very major area) / 828.50 GBX weekly bottom (major) / 819.80 day session closing price (major) / 814 day bottom (very major area) / 796.60 lowest day session closing price before contract low (very major area).
 
Comments:  
    The second day of sell-off's on Wednesday brought prices down below the 865 - 860.80 support area which is bearish but managed to close above 860.80 leaving the chart neutral to bearish.  A trade below 859 - 858 and 856.80 bottom area is bearish for prices to challenge the 853.70 and 844 support areas.  A trade below 843.60 will confirm a technical failure for prices to possibly reach the 833.50 gap area and can also challenge contract lows.  NOTE:  Even with the neutral to bearish condition, technically the market remains in a very critical area where support in this area can develop for higher prices.  A trade above 868 - 870 is slightly bullish but a trade above 877 - 879 area can stimulate buying for possible rallies up near 894 area.  A trade above 894 will be considered a breakout for prices to challenge the 910 - 916 area again.  Remain defensive but look for support areas as a low risk buying area until the market can prove to fail and trade below the 843.60 level.
                                                                                   
Day trades:  For the Dec. contract -
 
If the market opens below 856 - Aggressive traders can buy dips near 855 - 852.50 area for obj. near 863 and possibly near 867.  (Use a sell stop and rev. short at 849.80). 
 
If the market opens above 860 - Aggressive traders can buy near 860 - 858 area for obj. near 863 - 867.  (Use a sell stop at 849.80). 
 
Aggressive traders can buy dips near 846.50 - 844 area for obj. near 850 - 852 area.  (Use a sell stop and rev. short at 840.50). 
Aggressive traders can sell rallies near 867 - 869 area for obj. near 864 - 863 area.  (Use a buy stop and rev. long at 871.20). 
Aggressive traders can sell rallies near 891 - 894, if it gets there, for obj. near 887 - 885 area.  (Use a buy stop and rev. long at 897). 
 
Buy stop at 871.20 for obj. near 875 - 877 area.
Buy stop at 880 for obj. near 883 - 884 area and possibly near 885.50.
Buy stop at 886.70 for obj. near 888.50 - 891 area and possibly near 894.
Buy stop at 897 for obj. near 906.90 day gap area and possibly near 910.
 
Sell stop at 856 for obj. near 854 - 853.70 area and possibly near 852.
Sell stop at 849.80 for obj. near 846.50 and possibly near 844 area.
Sell stop at 840.50 for obj. near 835 - 833.50 area and possibly near 832.
 

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

 

Bulletin - Originally sent 9/19/02 (9:37 am est)

NOTE:  Position traders entering long positions today at the 855 - 852.50 area can hold overnight for obj. near 891 - 894 area and possibly higher.

Bulletin - Originally sent 9/19/02 (12:26 pm est)

The rally up to the 862 - 861 is considered a double top and a signal for long positions to exit and take profits.

Bulletin - Originally sent 9/19/02 (3:37 pm est)

The buy at 846 was completed with the rally at 850.  The market is showing signs of bearishness at this time, so it is recommended not to repeat this buy area again.

Results:    9/19/02

Bought @ 853.50        Sold @ 861           = + $1,875.00
Sold @ 856                Bought @ 854        = + $  500.00        
Sold @ 849.80            Bought @ 846.50   = + $  825.00        
Bought @ 846            Sold @ 850            = +  $1,000.00  
TOTAL (P & L)                                            + $4,200.00
 
        thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 09-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
845 minor day channel (major) / 848, 848.50 and 850.50 intra day channels also 850.50 peak (major area) / 856 and 858.20 peaks also 859 intra-day channel (very major area) / 862 day top and 863.70 GBX top also 863.80 day gap (major area) / 869 rev. base and 872.50 day session closing price (major area) / 879 day top (major) / 889.50 day channel and 891.20 weekly closing price (very major area).
 
Support:  For the Dec. contract -
839 newly developed down channel (major) / 833.50 day session gap also 832 and 831.20 weekly bottoms (very major area) / 828.50 GBX weekly bottom (major) / 819.80 day session closing price (major) / 814 day bottom (very major area) / 796.60 lowest day session closing price before contract low (very major area) / 774 Dec. bottom and 773 weekly chart bottom (very major area).
 
Comments:  
    The sell-off on Thursday for the third day in a row brought prices down near a very major bottom and gap area at 833.50 - 832 area, which could stimulate some buying.  A trade below the 832 - 828.50 area will be considered a technical failure that can bring prices down to challenge the 814 and 774 - 773 bottom area.  The sell-off over the past three days put the chart in an oversold condition, which can also add to a likely retracement to the upside.  A trade above the 848 - 850.50 area can be considered slightly bullish but only a trade above 856 - 859 area can remove the bearishness from the chart for prices to challenge up near the 889 - 891 area again.  At this time, only a trade above 891 can bring any solid bullishness back to the chart.  Remain aggressive in this very critical bottom support area.  Buying dips for potential rallies can payoff.
                                                                                       
Day trades:  For the Dec. contract -
 
Aggressive traders can attempt long positions near 844 - 842 area for obj. near 848 - 850.  (Use a sell stop and rev. short at 838).
 
Aggressive traders can sell rallies near 848 - 850 area for obj. near 844 - 842 area.  (Use a buy stop and rev. long at 852).
 
Aggressive traders can attempt long positions near 835 - 832 area for obj. near 839 - 842 area and possibly near 844.  (Use a sell stop and rev. short at 825.50).
 
Aggressive traders can attempt short positions near 859, if it gets there, for obj. near 854 and possibly near 851 area.  (Use a buy stop and rev. long at 865).
 
Buy stop at 852 for obj. near 856 - 859 area.
Buy stop at 865 for obj. near 869 - 872 area.
Buy stop at 881.50 for obj. near 885 - 889 area.
 
Sell stop at 838 for obj. near 835 - 832 area.
Sell stop at 825.50 for obj. near 820.50 - 819.50 area and possibly near 814 bottom.
Sell stop at 807 for obj. near 800 - 796 area.
 

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

 

Bulletin - Originally sent 9/20/02 (9:46 am est)

The double bottom at 845 was considered support where long positions were taken instead of the 844 area.  The rally up to 848 - 849.30 completed the trade.  

Short positions were taken at 849 for an obj. near 845 - 844 area.  Since there is enough of support in this area, the buy at 844 - 842 can be repeated again.

Bulletin - Originally sent 9/20/02 (10:32 am est)

The rally up to the 847.20 area completes the long position taken at 843.

Results:    9/20/02

Bought @ 845        Sold @ 848           = + $   750.00
Sold @ 848             Bought @ 845      = + $   750.00        
Bought @ 843        Sold @ 847           = + $1,000.00
TOTAL (P & L)                                       + $2,500.00
The week in review - 9/23/02 - 9/27/02
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 09-23-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
844.50 intra-day gap (major) / 848 intra-day channel also 849 peak and 849.30 day channel and 850.90 GBX top (major area) / 856 intra-day peak (major) / 862 day top and 863.80 day gap (major area) / 869 rev. base and 872.50 day session closing price (major area) / 879 day top (major) / 884 day channel (very major area) / 891.20 weekly closing price (very major area) / 902.50 weekly channel also 905 minor weekly channel and 905.50 GBX channel and weekly top (very major area).
 
Support:  For the Dec. contract -
840 newly developed day channel and 838.20 bottom (major) / 836.60 rev. channel and 835.10 minor down channel (major area) / 833.50 day session gap also 832 weekly bottom and 831.20 monthly bottom (very major area) / 828.50 GBX weekly bottom (very major area) / 819.80 day session closing price (major) / 814 day bottom (very major area) / 796.60 lowest day session closing price (very major area) / 780.20 monthly channel (very major area) / 774 Dec. contract weekly bottom also 773 monthly bottom (very major area) / 727.60 major monthly upper channel (very major).
 
Comments:  
    The whiplashing action and close on Friday brought a neutral condition to the chart but the weekly settling price of 842.20 was below the lowest weekly close of 844 leaving the chart in neutral to slightly bearish condition.  Technically, the market is still in a very critical support area but needs to develop addition base formation for higher prices to follow.  A trade below 836.60 - 835.10 area and again below the 831.20 - 828.50 area will fail the major supports for lower prices to follow and can challenging the 814 and 773 bottoms.  A trade today above 848 - 849.30 area and 851 is slightly bullish but a trade above 856 can prove the significance of this major support area and can possibly bring prices up near the 884 area.  A trade above 884 will bring the bullishness back to the chart for prices to challenge the 991 - 902 major resistance area.  Continue to remain aggressive, buying dips near support levels, taking profits, until the market fails to hold the 932 - 928.50 major support area.
   
Day trades:  For the Dec. contract -
 
If the market opens below 840 - Aggressive traders can buy dips near 837 - 835.50 area and if possible near 828.50 gap for obj. near 840 - 842 area and possibly near 844.  (Use a sell stop and rev. short at 825.50).
 
If the market opens above 840 - Aggressive traders can buy dips near 840 for obj. near 844 - 847 area.  (Use a Protective sell stop at 837.80.  Do not rev. short).
 
Aggressive traders can sell rallies near 847 and if possible near 849 for obj. near 844 - 842 area.  (Use a buy stop and rev. long at 852).
 
Sell stop at 825.50 for obj. near 820.50 - 819.50 area.
Sell stop at 818 for obj. near 815 - 812 area.
Sell stop at 807 for obj. near 800 - 796 area.
 
Buy stop at 852 for obj. near 856 and possibly near 859 area.
Buy stop at 865.20 for obj. near 869 and possibly near 872. 
 

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

Bulletin - Originally sent 9/23/02 (11:24 am est)

The market hit the 825.50 sell stop putting traders into short positions.  The performance has been technically supportive after the sell stop was hit.  A trade above 832 will be considered a confirmation of technical support for possible higher prices.  Traders can use a protective buy stop at 832.50 to protect short positions. 

Results:    9/23/02

Bought @ 833.50        Sold @ 825.50         = -  $2,000.00
Sold @ 825.50            Bought @ 832.50     = -  $1,750.00       (buy stop as per bulletin)
TOTAL (P & L)                                              -  $3,750.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 09-24-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
837 intra-day channel and 837.10 GBX channel also 838 day top and 838.20 rev. base (major area) / 842.20 weekly gap and 842.70 minor day channel with GBX prices (major area) / 846 GBX top and 849.30 day top (very major area) / 856.20 rev. base (major) / 862 day top and 863.80 day gap also 863.70 GBX top (very major area) / 869 rev. base and 872.50 day session close (major area) / 879 day top and 879 day channel (very major area).
 
Support:  For the Dec. contract -
832.50 base and 831.50 rev. peak (major area) / 826 base and 824.50 day bottom (very major area) / 820.80 down channel and 819.80 day session closing price (major area) / 816.10 minor down channel and 814 day bottom (very major area) / 796.60 lowest day session closing price (very major area) / 780.20 monthly channel (very major area) / 774 Dec. contract weekly bottom also 773 monthly bottom (very major area).
 
Comments:  
        The sell-off on Monday below the 828.50 GBX bottom was bearish but the close on Monday remained above the 833.50 trading gap leaving the chart neutral to bearish.  A trade below the 816.10 - 814 area will fail the major support for lower prices to possibly challenge the 796 and 773 bottom area again.  A trade above 837 and 842.70 areas can bring some positive signs of a possible retracement to the upside but only a trade and close above 865 could bring any solid bullishness back to the chart.  Remain defensive inside the 837 - 816.10 neutral trading area.  Today's trading range and closing price can possibly be a deciding factor in the overall direction.
 
Day trades:  For the Dec. contract -
 
Very aggressive traders can buy dips near 817 - 814 area for obj. near 824 - 827 area and possibly near 829.  (Use a sell stop and rev. short at 811).
 
Aggressive traders can sell rallies near 836 - 837 area for obj. near 832.50 and possibly near 831.  (Use a protective buy stop at 838.70.  Do not rev. long).
 
Sell stop at 811 for obj. near 803 - 800 and possibly near 797.
Sell stop at 793 for obj. near 785 - 781 area.
 
Buy stop at 843.70 for obj. near 846 - 847 area and possibly near 849.
Buy stop at 852 for obj. near 856 area and possibly near 860.
 

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

Bulletin - Originally sent 9/24/02 (11:31 am est)

The market rallied from the 820.50 day session low, which did not give traders a chance to buy the 817 area.  Since the rally brought prices above the obj. of the first trade, it becomes a high risk to attempt the buy area at 817 - 814 at this time.  Traders can still attempt the buy at 817 - 814 area but must realize it is considered a very aggressive trade at this time and will not be included in the trading results for the end of the day. 

Bulletin - Originally sent 9/24/02 (12:40 pm est)

The sell-off down to the 818.50 area is considered a double bottom to this mornings low where long positions were taken on the very aggressive trade.  At this time, long positions can be considered and results will be posted.  The chart formation appears to be supportive enough for possible rallies to the upside.  The obj. for long positions is near 827 and possibly 830.  (Use a sell stop and rev. short at 811).

Bulletin - Originally sent 9/24/02 (1:32 pm est)

Long positions were taken at 819.50 as per bulletin.  The rally up to 826 is near enough to the 827 obj. for traders to consider taking profits. 

Results:    9/24/02

Bought @ 819.50        Sold @ 826         = + $1,625.00
TOTAL (P & L)                                          + $1,625.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 09-25-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
824.50 and 825.50 minor day channels also 825.50 intra-day gap (major area) / 828.20 and 829 minor day channels (very major area) / 833.50 day top to 834.40 day gap also 833.80 minor channel and 835.90 GBX top (major area) / 838 day top also 839.40 minor channel with GBX prices and 842.20 weekly gap (very major area) / 846 GBX top and 849.30 day top (very major area) / 856.20 rev. base (major) / 862 day top and 863.80 day gap also 863.70 GBX top (very major area) / 869 rev. base (major) / 872.50 day session close and 873.50 day channel (very major area).
 
Support:  For the Dec. contract -
816.50 newly developed day channel and 815.50 day bottom also 814 day bottom, from July 25 (very major area) / 806.50 newly developed minor down channel (major area) / 796.60 lowest day session closing price (very major area) / 780.20 monthly channel (very major area) / 774 Dec. contract weekly bottom also 773 monthly bottom (very major area) / 727.60 major long-term monthly upper channel (very major area).
 
Comments:  
    The sell-off on Tuesday was the 6th day in a row bringing prices down, nearly matching the 814 bottom, closing at a technical double bottom near the 819.80 closing price from July 22nd.  Even with the bearish condition, the fact of prices being at a very critical support area and the oversold condition can possibly stimulate buying that could bring prices up near the 850 - 860 area again.  Last night's wide trading range between 835 and 809.50 can turn out to be the first signal of a possible bottom for higher prices to develop.  A trade above 839 - 842.20 area will be considered a breakout for prices to challenge the 849 and 862 areas.  A trade below 816.50 - 814 area is bearish but a trade below 806.50 will confirm lower prices to follow and can possibly challenge new contract lows.  Remain defensive inside the wide 833.80 - 816.50 neutral trading area. 
       
Day trades:  For the Dec. contract -
 
If the market opens above 829 aggressive traders can enter long positions near 829 for obj. near 834 - 836 area and possibly near 839.  (Use a protective sell stop at 824.  Do not rev. short).
 
If the market opens below 824 aggressive traders can enter long positions on dips near 817 - 815 area for obj. near 824 - 825.50 area.  (Use a sell stop and rev. short at 805).  (Conservative traders can use a protective sell stop at 813.  Do not rev. short).
 
If the market opens below 824 use a buy stop at 830.50 for obj. near 834 - 835 area.
 
Buy stop at 840 for obj. near 846 and possibly near 849 area.
Buy stop at 852 for obj. near 856 and possibly near 860.
 
Sell stop at 805 for obj. near 800.50 - 797 area.
Sell stop at 793 for obj. near 785 - 780.20 area. 
 

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

Bulletin - Originally sent 9/25/02 (10:25 am est)

The market opened above 829 putting traders long at 829.  The protective sell stop was hit at 824 completing the trade for a loss.  The market is still showing signs of support at the 823 - 825 area.  Aggressive traders can attempt long positions at the 825 area for obj. near 833 - 835 area.  (Use a protective sell stop at 819.80).

Bulletin - Originally sent 9/25/02 (11:03 am est)

The market sold off down to 820.10 leaving long positions intact.  Traders using the S & P report to trade the E-mini contract should realize that the sell stop was not hit and therefore long positions should still be in play even with the E-mini.  It is realized that the S & P E-mini reached a pullback low of 819.75, which would have triggered a sell stop but since the big contract remained above the sell stop, the long position is still in play.

Bulletin - Originally sent 9/25/02 (2:01 pm est)

The rally up to 839 is major resistance and should be considered a selling area.  Aggressive traders can sell at 836 - 839 area for obj. near 825.  (Use a buy stop and rev. long at 840).

Bulletin - Originally sent 9/25/02 (2:43 pm est)

The buy stop was hit at 840 putting traders into long positions.  The action at the 844.50 level is showing some resistance.  It is recommended for traders to exit the long position at the 842 - 844 area and take profits. 

Results:    9/25/02

Bought @ 829        Sold @ 824         = -  $1,250.00         
Bought @ 825        Sold @ 819.80     = -  $1,300.00      (bought as per bulletin)
Bought @ 817.50    Sold @ 824.50     = + $1,750.00     
Sold @ 838             Bought @ 840     = -  $   500.00   
Bought @ 840        Sold @ 843          = + $   750.00     (sold as per bulletin)
TOTAL (P & L)                                      -  $   550.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 09-26-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
843 and 843.50 minor day channels also 844 peak and 844.50 day top (major area) / 846 GBX top and 849.30 day top (very major area) / 856 peak and 856.80 rev. base (major) / 862 day top and 863.80 day gap also 863.70 GBX top (very major area) / 868 day channel and 869 rev. base (major area) / 872.50 day session close (major) / 876 rev. base and 879 day top (very major area) / 891.20 weekly closing price and 894.50 major day channel (very major area). 
 
Support:  For the Dec. contract -
836.50 base (major) / 835.20 base and 834.30 rev. channel (very major area) / 827, 826 and 824.30 intra-day base area (major area) / 819.50 minor channel (major) / 817.50 major day channel and 817.50 day bottom also 815.50 day bottom and 814 day bottom from July 25 (very major area) / 809.50 GBX bottom (major) / 796.60 lowest day session closing price and 796 minor down channel (very major area) / 780.20 monthly channel (very major area).
 
Comments:  
    The rally on Wednesday from the support area proved the significance of the area as expected bringing the chart out of bearish condition for possible retracements to higher prices.  The minor key reversal and technical support that has developed at the bottom area can prove to be the beginning of a base for the uptrend to come back into play.  A trade above 849 is bullish but a trade and close above 865 - 868 area can be the signal for the trend reversal to the upside.  A trade below 834 is slightly bearish but a trade below 824.30 can challenge the 819.50 - 815.50 base area, which can still be supportive for the base structure.  A trade below 814 will fail the technical base for prices to challenge the 796 - 780 area and possibly new contract lows.  Remain aggressive buyers at the low end of the 846 - 834 neutral trading range until the market can prove otherwise. 
           
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 839 - 836.50 area for obj. near 846 - 849 area.  (Use a protective sell stop at 833.50.  Do not rev. short).
 
Aggressive traders can buy dips near 822.50 - 819.50, if it ever gets there for obj. near 830 - 833 area.  (Use a sell stop and rev. short at 813).
 
Aggressive traders can attempt short positions near 854 - 856 area for obj. near 849 - 847 area.  (Use a protective buy stop at 859.  Do not rev. long).
 
Aggressive traders can attempt short positions  near 865 - 868 area, if it gets there, for obj. near 860 and possibly near 858.  (Use a protective buy stop at 870.70.  Do not rev. long).  (Aggressive traders can use a buy stop and rev. long at 873.10).
 
Sell stop at 813 for obj. near 810 - 809 area.
Sell stop at 806 for obj. near 800 - 797 area.
 
Buy stop at 873.10 for obj. near 876 - 879 area.
 

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

Bulletin - Originally sent 9/26/02 (10:17 am est)

Short positions were taken at 853.50 and is now complete with the sell-off at 849.50 - 849.20 area.  Because of the overall bullishness in the market, it is not recommended to repeat the first trade listed.

Results:    9/26/02

Sold @ 853.50         Bought 849.50          = + $1,000.00
TOTAL (P & L)                                            + $1,000.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 09-27-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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. 
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 Dec. contract -
856 minor day channel and 857 day top (major area) / 862 day channel and 862 day top also 863.70 GBX top and 863.80 day gap (very major area) / 869 rev. base and 872.50 day session close (major area) / 876 rev. base and 879 day top (very major area) / 891.20 weekly closing price and 894.50 major day channel (very major area) / 902.50 weekly channel and 905.50 weekly top (very major area).
 
Support:  For the Dec. contract -
850.30 base and 848.50 intra-day channel (major area) / 845.50 intra-day channel (very major area) / 843 and 842.50 intra-day bases also 842 bottom and 841.20 day session gap (major area) / 837.50 GBX bottom also 836.50 base and 836.50 intra-day gap (very major area) / 835.20 base and 833 rev. peak (major area) / 827, 826 and 824.30 intra-day base area (major area) / 821.50 minor day channel and 820.80 day session close (very major area) / 818.50 major day channel and 817.50 day bottom also 815.50 weekly bottom (very major area) / 811.50 down channel and 809.50 GBX bottom (major area) / 796.60 lowest day session closing price (very major area).
 
Comments:  
    The follow-through rally on Thursday from the support area materialized as expected bringing prices up to a critical resistance area leaving the chart in neutral territory.  A trade above 857 will challenge the 862 major resistance.  A trade above the 862 - 863.80 resistance will be considered a breakout for prices to challenge the 879 area and possibly near 891.  A close on Friday above 865 will leave the chart in neutral to bullish condition for next week.  A trade today below 845.50 is slightly bearish but a trade below 837.50 - 835.20 area will bring the bearishness back to the chart for prices to challenge the 827 - 821.50 area again.  A trade below 821.50 - 817.50 will fail all major channel supports for lower prices to follow.  Remain defensive inside the 857 - 845.50 neutral area until a breakout is seen to either side.
               
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 847 - 845.50 area for obj. near 854 - 856 area.  (Use a protective sell stop at 843.80.  Do not rev. short).
 
Aggressive traders can buy dips near 839 - 836.50 area for obj. near 842 - 844 area and possibly near 846.  (Use a sell stop and rev. short at 833).
 
Aggressive traders can sell rallies near 861 - 863 area for obj. near 857.50 - 855 area.  (Use a buy stop and rev. long at 866).
 
Buy stop at 858 for obj. near 861 and possibly near 862 - 863 area.
Buy stop at 866 for obj. near 869 and possibly near 872 area.
Buy stop at 874.70 for obj. near 877 - 879 top area.
 
Sell stop at 833 for obj. near 828 - 826 area.
Sell stop at 813 for obj. near 810.50 - 809.50 bottom area.
 
Aggressive traders can attempt long positions near 822.50 - 821.50 area, if it gets there, for obj. near 826.50 - 828.50 area and possibly near 829.  (Use a sell stop and rev. short at 813).
 

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

Bulletin - Originally sent 9/27/02 (1:48 pm est) 

The market hit the buy area at 839 - 836.50 putting traders into long positions.  The rally up to 841 proved to be resistance where profits were taken.  Traders still holding long positions should look to exit at the market and scratch the trade.

Bulletin - Originally sent 9/27/02 (2:45 pm est) 

the sell stop was hit at 833 putting traders into short positions.  The market is showing signs of support at the 830 area.  It is recommended for traders to exit the short position near the 831 area and take profits before it turns into a possible loss. 

Bulletin - Originally sent 9/27/02 (2:53 pm est) 

Traders who did not take profits from the short position taken at 833 should consider exiting at the market and scratch the trade before losses occur.

Results:    9/27/02

Sold @ 846             Bought @ 843.80     = -  $   550.00     
Bought @ 838         Sold @ 840              = + $   500.00      (sold as per bulletin)
Sold @ 833             Bought @ 831          = + $   50.00        (bought as per bulletin)
TOTAL (P & L)                                           +  $   450.00
The week in review - 9/30/02 - 10/04/02
The Tech Guru's S & P Day Trading Recommendations
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 09-30-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is the least of 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 is an approx. of 1/2 to 1 point from an entry or exit area to qualify as a completed 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 Dec. contract -
825.50 intra-day channel also 826.80, 827 and 827.50 peaks (major area) / 833 intra-day channel and 833.70 peak (very major area) / 836.50 peak and 837.50 GBX rev. base (major area) / 842 rev. base and 842.20 weekly closing price (major area) / 847.40 GBX channel also 848.60 and 849.60 minor channels (very major area) / 852.80 day top and 854.50 day gap also 855 GBX top and minor channel (major area) / 857 day top and 857.35 major day channel (very major area) / 862 day top and 863.70 GBX top also 863.80 day gap (major area) / 869 rev. base and 872.50 day session close (major area). 
 
Support:  For the Dec. contract -
824 minor channel (major) / 820.80 and 819.80 double bottom day session closing price also 819.50 major daily channel (very major area) / 817.50 and 815.50 day session bottoms (very major area) / 812 GBX channel and 809.50 GBX bottom (very major area) / 798 rev. channel on the weekly chart and 796.60 lowest day session closing price (very major area) / 780.20 monthly channel also 780 and 777 minor weekly channels (very major area) / 774 Dec. contract's bottom also 773 weekly bottom (very major area) / 730.80 major monthly channel (very major area).
 
Comments:  
    The sell-off on Friday brought prices down to a very critical support area but the closing price leaves the chart in neutral to bearish condition.  A trade below 819.50 and 815.50 is bearish but a trade below 812 - 809.50 area will bring prices down to challenge the 798 - 796.60 area and possibly near the 780.20 - 774 area.  A trade below the 774 - 773 bottoms can bring prices down near the 730.80 monthly channel, which can prove to be the major support that can reverse prices back to the upside.  At this time, a trade above 849.50 and 857 is bullish but only a trade above 902.50 can possibly bring the uptrend back into play.  Remain defensive inside the wide neutral range between 849 - 812 area.
                   
Day trades:  For the Dec. contract -
 
Aggressive traders can attempt long positions on dips near 816 - 815.50 area and if possible near 813 for obj. near 819 - 820 area and possibly near 822.50.  (Use a sell stop and rev. short at 807).
 
Aggressive traders can sell rallies near 832 - 833 area for obj. near 827 - 825 area.  (Use a buy stop and rev. long at 837.70).
 
Aggressive traders can attempt long positions near 782 - 780 area, if it gets there, for obj. near 787 - 790 area and possibly near 792.  (Use a sell stop and rev. short at 768.70).  (Conservative traders can use a protective sell stop at 777.  Do not rev. short).
 
Aggressive traders can attempt short positions near 846.50 - 849.50 area and if possible near 854, if it gets there, for obj. near 842.50 - 840 area.  (Use a protective buy stop at 858.  Do not rev. long).
 
Buy stop at 837.70 for obj. near 841 - 842 area and possibly near 844 - 846.50 area.
Buy stop at 866 for obj. near 869 - 872 area.
 
Sell stop at 807 for obj. near 800 - 798 area.
Sell stop at 793 for obj. near 785 - 782 area and possibly near 780.20.
Sell stop at 768.70 for obj. near 762 - 758 area.
 

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

Results:    9/30/02

Bought @ 814        Sold @ 807         = -  $1,750.00
Sold @ 807            Bought @ 800     = + $1,750.00
TOTAL (P & L)                                        $     -0-
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 10-01-02 :  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 Dec. contract -
819.50 peak and 821.50 intra-day channel (major area) / 824.70 intra-day channel also 824.80 peak and 824.90 day top also 825.30 day gap and 825.90 GBX top (very major area) / 833.70 peak (major) / 839 major day channel and 841 peak (very major area) / 844 and 846 minor day channels also 847.50 peak (major area) / 852.50 day channel and 852.80 day top (major area) / 854 minor channel and 854.50 day gap also 855 GBX top and 857 weekly top (very major area) / 862 day top to 863.80 day gap also 863.70 GBX top (major area).
 
Support:  For the Dec. contract -
812 intra-day channel also 811.50 and 809.50 base areas (very major area) / 806.50 and 806.30 base area (major area) / 802.70 base (major) / 799 base and 799 newly developed major day channel also 798.50 bottom and 797 rev. channel (very major area) / 794.20 minor down channel (major) / 783.80 newly developed monthly channel (very major area) / 780 and 777 minor weekly channel (major area) / 774 Dec. contract's bottom also 773 weekly bottom (very major area) / 730.80 major monthly channel (very major area).
 
Comments:  
    The market closed down on Monday but the rally from the major support area was significant and took some of the bearishness out of the chart.  The neutral and supportive condition can possibly stimulate some rallies.  A trade above 839 and 847 can prove a possible bottom is in play.  A trade above 852.50 and 857 will be considered a breakout for prices to challenge the 890 and 916 area again.  A trade today below 809.50 is slightly bearish but a trade below 802.70 - 797 area can bring prices down to challenge the 783.80 and 773 bottom area.  A trade below 773 can bring prices down near the 730.80 major support area, which can prove to be a solid enough support for traders to consider buying to hold for long-term.  Remain defensive inside the 824.50 - 809.50 neutral trading range.
                       
Day trades:  For the Dec. contract -
 
Aggressive traders can sell rallies near 819.50 - 821.50 area and if possible near 824 for obj. near 814 - 812 area.  (Use a buy stop and rev. long at 828.20).
 
Aggressive traders can buy dips near 812 - 810 area and if possible near 807 for obj. near 817 - 819.50 area.  (Use a sell stop and rev. short at 805.80).
 
Aggressive traders can attempt short positions near 839 - 841 area and if possible near 844, if it gets there for obj. near 834.50 - 833.50 area and possibly near 832.  (Use a buy stop and rev. long at 848.20).
 
Buy stop at 828.20 for obj. near 833 and possibly near 836.
Buy stop at 848.20 for obj. near 852 and possibly near 854.50 gap.
Buy stop at 858.20 for obj. near 862 - 863.80 gap area.
 
Sell stop at 805.80 for obj. near 803 - 800 area.
Sell stop at 791 for obj. near 786 - 783.80 area and possibly near 780 area.
 

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

Bulletin - Originally sent 10/01/02 (1:24 pm est)

The buy stop at 828.20 was hit putting traders into long positions.  The rally up to 831 is showing signs of resistance plus stoch. is trading in an overbought condition.  It is recommended for long positions to exit near 830 and take profits. 

Bulletin - Originally sent 10/01/02 (3:08 pm est)

The sell area was hit at 839 putting traders into short positions.  The market sold-off hitting the obj. at 834.50 to complete the trade. 

Aggressive traders who are looking to repeat the trade should look to sell the high end of the resistance at 846 area, which will reduce the risk factor.  Continue to use a buy stop and rev. long at 848.20.

Bulletin - Originally sent 10/01/02 (3:47 pm est)

Traders taking short positions at the 846 area should look for obj. near 840 and possibly near 838.50 - 836.50 area.

Bulletin - Originally sent 10/01/02 (4:04 pm est)

At this time it is too high of a risk for traders to enter long positions at 848.20.  Cancel the buy stop for long positions to be taken at 848.20.

Bulletin - Originally sent 10/01/02 (4:18 pm est)

Buy the time the bulletin was sent to cancel the buy stop at 848.20 the stop was already hit.   the trade was kept and luckily the obj. was met at 852 - 854 to complete the trade. 

Results:    10/01/02

Sold @ 820.50          Bought @ 814          = + $1,625.00
Bought @ 812          Sold @ 817              = + $1,250.00
Bought @ 828.20      Sold @ 831              = + $   700.00     (as per bulletin)
Sold @ 839              Bought @ 834.50      = + $1,125.00
Sold @ 846.50          Bought @ 848.20      = -  $   425.00
Bought @ 848.20      Sold @ 852              = + $   950.00
TOTAL (P & L)                                             + $ 5,225.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 10-02-02 :  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 Dec. contract -
855 GBX top and 857 weekly top (very major area) / 862 day top to 863.80 day gap also 863.70 GBX top (major area) / 869 rev. base and 872.50 day session close (major area) / 876 rev. base and 879 day top (very major area) / 886 day channel with GBX prices (very major area) / 889.50 weekly channel and 891.20 weekly closing price (very major area) / 895 minor weekly channel (very major) / 902.60 major weekly channel and 903.20 major day channel (very major area).
 
Support:  For the Dec. contract -
853 rev. channel (significant) / 849 intra-day channel and 847 rev. channel (major area) / 844 base and 843 intra-day channel also 842.50 rev. channel (very major area) / 840 rev. channel and 839.50 base also 839.50 rev. peak (major area) / 834.50 base (major) / 828.80 base (major) / 825.20 base and 824.50 day channel also 822.50 day channel with GBX prices (very major area) / 816.80 intra-day gap also 815.20 and 814.50 congestion base area (major area) / 811.50 bottom and 810.50 GBX bottom (very major area).
 
Comments:  
    The rally from the support area managed to develop as expected, which brought prices up to the very major resistance,  This resistance area can now stimulate selling pressure.  A trade below 849 - 847 area is slightly bearish but a trade below 844 - 842.50 area can bring prices down near the 834.50 area and possibly down to challenge the 828.80 - 824.50 area again.  A trade above 857 is bullish but a trade above 862 - 863.80 area will be considered a breakout for prices to challenge the 886 - 895 resistance area.  Remain defensive inside the 857 - 843 neutral trading range.
                           
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 845 and if possible near 843 for obj. near 849 and possibly near 851.  (Use a sell stop and rev. short at 841.80).
 
If the market opens below 849 - Aggressive traders can sell rallies near 852 and if possible near 854 for obj. near 849 - 847 area and possibly near 845.  (Use a buy stop and rev. long at 858.20).
 
Buy stop at 858.20 for obj. near 861 - 863.80 area.
Buy stop at 866 for obj. near 869 - 872 area.
 
Sell stop at 841.80 for obj. near 840 - 839.50 area.
Sell stop at 837.80 for obj. near 835.50 - 834.50 area.
Sell stop at 833 for obj. near 829 and possibly near 827 - 825.50 area.
 
Position traders can hold short positions taken today at the 841.80 sell stop can look for obj. near 829 - 826 area.  (Use a protective buy stop at 858.20)
 

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

Bulletin - Originally sent 10/02/02 (9:45 am est)

The market hit the sell stop at 841.80 putting traders into short positions and met the obj. with the sell-off at 840.20.  Traders still holding short positions should look to exit near 842 and scratch the trade. 

Bulletin - Originally sent 10/02/02 (10:13 am est)

The sell stop was hit at 837.80 putting traders into short positions.  The market continued to sell off but is now showing signs of support at the 836.50, which is just shy by one point of the obj. near 835.50.  Traders can exit the short position near the entry of 837.80 to scratch the trade.  There is a possibility for the market to hold support at this area for possible higher prices.  It is not worth attempting the short position at this time.

Bulletin - Originally sent 10/02/02 (10:15 am est)

Position traders holding short positions taken from 841.80 should consider taking profits at the 838 level, which is where it's trading at this time. 

Bulletin - Originally sent 10/02/02 (12:46 pm est)

The rally up to 851 is close enough for short positions to be taken as recommended in today's report to sell near 852.  The obj. will be near 847 - 845 and possibly near 843.  Use a buy stop and rev. long at 858.20.

Bulletin - Originally sent 10/02/02 (1:03 pm est)

The market sold-off to 847.50, which completes the trade of the short position taken at 851.

Bulletin - Originally sent 10/02/02 (3:25 pm est)

The market hit the sell stop at 833 putting traders into short positions.  The sell-off brought prices down to 830.50 and is now beginning to recover. 

It is recommended for traders to exit the short position and take profits before the trade turns into a loss.

Results:    10/02/02

Bought @ 844          Sold @ 841.80          = -  $   550.00
Sold @ 841.80          Bought @ 840.50     =  + $   325.00
Sold @ 837.80          Bought @ 837.80     =     $      -0- 
Sold @ 851              Bought @ 847.50      = + $   875.00   (as per bulletin)
Sold @ 833              Bought @ 831          =  + $   500.00
TOTAL (P & L)                                             + $1,150.00

 
Position Trade:  Sold @ 841.80 as per bulletin           Bought @ 838     = + $   950.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 10-03-02 :  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 Dec. contract -
833.50 peak and 835 intra-day channel (major area) / 841, 841.50 and 843 peaks (major area) / 847.20 day channel and 847.80 peak also 849 GBX channel (very major area) / 852.20 day top to 854.10 gap and 854.50 day top and GBX top also 855 GBX top and 857 weekly top (very major area) / 862 day top to 863.80 gap also 863.70 GBX top (major area) / 869 rev. base and 872.50 day session close (major area) / 879 day top and 883.50 day channel (very major area).
 
Support:  For the Dec. contract -
825.30 weekly closing price and 823 bottom (major area) / 820.80 day session close (major area) / 815.20 and 814.50 base congestion area also 815 day session close (very major area) / 811.50 bottom and 810.50 GBX bottom also 809.50 base (very major area) / 806.30 intra-day base (major) / 802.70 base and 801 weekly channel also 800 daily channel (very major area) / 798.50 bottom and 796.60 lowest day session closing price (very major area) / 786 down channel and 783.80 monthly channel (very major area) / 780 and 777 minor weekly channel (major area) / 774 Dec. contracts bottom also 773 weekly bottom (very major area).
 
Comments: 
    The sell-off on Wednesday from the major resistance developed as expected bringing prices down again to the major support area, which again can stimulate rallies.  This whiplashing action seen this week can prove to be a technical base building formation or an additional top formation.  The closing price on Friday can possibly indicate a direction.  A close on Friday above 838 is neutral to bullish and a close on Friday below 815 is neutral to bearish.  Remain defensive inside the wide neutral trading range today between 849 and 815.  A trade beyond either side can possibly point the direction.   
                               
Day trades:  For the Dec. contract -
 
Aggressive traders can sell rallies near 833.50 - 835 area or buy dips near 826.50 - 825.50 and if possible near 823 area, whichever side comes first, to complete the trade.  (Use a buy stop and rev. long at 836.50).  (Use a sell stop and rev. short at 819).
 
Aggressive traders can attempt short positions near 847 - 849 area, if it gets there, for obj. near 843.50 - 841.50 area and possibly near 840.  (Use a buy stop and rev. long at 858.20).
 
Buy stop at 836 for obj. near 840 and possibly near 841 - 843 area.
Buy stop at 858.20 for obj. near 861 - 863 area.
Buy stop at 866 for obj. near 869 - 872 area.
 
Sell stop at 819 for obj. near 816 and possibly near 815 - 814.50 bottom area.
Sell stop at 807 for obj. near 803 and possibly near 801 - 800 area.
Sell stop at 793 for obj. near 787 - 783.80 area.
 
Aggressive traders can attempt long positions near 811 - 809 area, if it gets there, for obj. near 815 - 817 area and possibly near 819.  (Use a sell stop and rev. short at 807).
 

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

 

Bulletin - Originally sent 10/03/02 (10:04 am est)

The rally up to 832.50 completes the trade for all long positions.

Bulletin - Originally sent 10/03/02 (10:11 am est)

The first trade was completed from the buy side and met the obj. on the first rally.  Repeating this trade now becomes a high risk and is not recommended.

Bulletin - Originally sent 10/03/02 (10:14 am est)

The buy stop was hit at 836 putting traders into long positions.  The rally up to 839.50 now completes that trade.

Bulletin - Originally sent 10/03/02 (12:16 pm est)

The market's condition technically is forcing the removal of the attempt to buy at 811 - 809 area.  This trade is now considered cancelled from today's report due to the technical formation.  

Bulletin - Originally sent 10/03/02 (12:37 pm est)

The sell stop was hit at 819 putting traders into short positions.  The sell-off down to 816.50 completes the trade.  All short positions should now be flat.

Results:    10/03/02

Bought @ 826          Sold @ 832.50          = +  $1,625.00
Bought @ 823          Sold @ 832.50          =  + $2,375.00
Bought @ 836          Sold @ 839.50          = + $   875.00 
Sold @ 819              Bought @ 816.60      = + $   600.00     (as per bulletin)
TOTAL (P & L)                                            + $ 5,475.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 10-04-02 :  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 Dec. contract -
822 rev. channel and 823.30 peak (major area) / 826.50 day channel and 827 intra-day channel also 828.80 day channel with GBX prices and 829.80 peak (very major area) / 835.80, 836.50 and 838.30 peaks (major area) / 840.50 day top 840.50 day channel also 841.50 and 843 peaks also 842 day channel and 842.50 GBX channel (very major area) / 847.80 peak and 849.60 minor day channel (major area) / 851.70 and 852.50 minor day channels also 852.20 day top (very major area) / 854.10 day gap also 854.50 and 857 weekly tops (very major area) / 862 day top to 863.80 gap also 863.70 GBX top (major area) / 869 rev. base and 872.50 day session close (major area). 
 
Support:  For the Dec. contract -
819 and 818.50 newly developed minor channel (major area) / 816.20 day bottom and 815 monthly closing price (very major area) / 811.50 day bottom also 810.50 and 809.50 GBX double bottom area (very major area) / 806.30 base (major) / 802.70 base also 801 weekly channel and 800.50 daily channel (very major area) / 798.50 bottom and 796.60 lowest day session closing price (very major area) / 783.80 monthly channel (very major area) / 780 and 777 minor weekly channel (major area) / 774 Dec. contract's bottom also 773 weekly bottom (very major area).
 
Comments: 
    The whiplashing action seen in this weeks trading managed to develop a neutral condition inside a critical trading range between 842.50 and 811.50.  A close on Friday above 838 is neutral to bullish and a close below 815 is neutral to bearish.  NOTE:  There is a minor neutral trading range between 826.50 and 818.50 that traders should pay attention too, which could stimulate further whiplashing before a direction is seen.  Keep a neutral attitude until a breakout is seen to either side of both neutral trading ranges.
                                   
Day trades:  For the Dec. contract -
 
Aggressive traders can sell rallies near 826 - 829 area for obj. near 820 - 818.50 area.  (Use a buy stop and rev. long at 831.70).
 
Aggressive traders can buy dips near 819 and if possible near 817 for obj. near 825 - 826 area and possibly near 827.  (Use a protective sell stop at 813.70.  Do not rev. short).  (Very aggressive traders can choose to use a sell stop and rev. short at 805).
 
Buy stop at 831.70 for obj. near 835 - 836.50 area and possibly near 838.
Buy stop a 844 for obj. near 847 - 848 area and possibly near 851
Buy stop at 859 for obj. near 862 - 863.80 gap area.
Buy stop at 866 for obj. near 869 - 872 area.
 
Sell stop at 805 for obj. near 802.50 - 801 area.
Sell stop at 793 for obj. near 786 - 783.80 area.
 

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

Bulletin - Originally sent 10/04/02 (10:08 am est)

Conservative traders that used the protective sell stop at 813.70 got stopped out but the chart formation at this time appears supportive for possible rallies.  It is recommended for conservative traders to re-enter the long position near 814.50 for obj. near 823 - 825 area.  (Use a sell stop and rev. short at 805).

The very aggressive trader is still long using a sell stop and rev. short at 805.

Bulletin - Originally sent 10/04/02 (10:21 am est)

For a low risk trade, traders can add a long position near 808.50 for an obj. near 823 - 825 area.  Continue to use a sell stop and rev. short at 805.

Bulletin - Originally sent 10/04/02 (11:07 am est)

The sell stop was hit at 805 putting traders into short positions.  The chart formation appears to still have support in the 805 - 806 area putting a high risk to the short position.  It is recommended to exit the short position at the market and cut losses.  The market is trading at 807 at this time.

Bulletin - Originally sent 10/04/02 (2:45 pm est)

The sell stop was hit at 793 putting traders into short positions.  The double bottom made in the 792.50 - 794 area is showing support.  Traders should exit short positions near 798 and cut losses.

Results:    10/04/02

Sold @ 925.50          Sold @ 920              = + $1,375.00
Bought @ 919          Sold @ 913.70          = -  $1,325.00     (conservative stop)
Bought @ 919          Sold @ 805               = -  $3,500.00     (very aggressive stop)
Bought @ 814          Sold @ 805               = -  $2,250.00     (conservative trade bulletin)
Bought @ 808.50      Sold @ 805              = -  $   875.00     (as per bulletin)
Sold @ 805              Bought @ 807           = -  $   500.00     (as per bulletin)
Sold @ 793              Bought @ 798           = -  $1,250.00     (as per bulletin)
TOTAL (P & L)                                            -  $8,325.00

 

The week in review - 10/07/02 - 10/11/02
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 10-07-02 :  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 Dec. contract -
807 peak and 808.50 intra-day channel (major area) / 811 and 812.50 day channels also 812 peak (very major area) / 817 GBX channel (very major) / 823.70 weekly channel also 825.30 weekly closing price and 825.80 day top (very major area) / 829.80 intra-day peak and 830 GBX top (major area) / 837 major day channel and 840 major day channel with GBX prices also 840.50 day top (very major area) / 847 minor day channel (major) / 851 minor day channel and 852.20 day top also 854.10 day gap and 854.50 weekly top (very major area) / 857 weekly top (very major area).
 
Support:  For the Dec. contract -
800 intra-day gap and 799.20 base also 798.70 intra-day channel (major area) / 796.50 base and 794 base, 794.50 weekly channel (very major area) / 793 day channel and 791.50 day gap also 792.50 bottom and 791 minor down channel (very major area) / 783.80 monthly channel (very major) / 776.20 down channel also 774 and 773 weekly bottoms (very major area) / 770.10 weekly down channel and 769.50 weekly down channel with GBX prices (very major) / 737.60 monthly bottom (very major) / 730.80 major monthly channel and 730 major weekly down channel (very major area).  
 
Comments: 
    The sell-off and close on Friday put the chart in neutral to bearish condition.  A failure below the 794.50 - 791 area can bring prices down near the 783.80 monthly support level.  A trade below 783.80 and 776.20 can challenge new contract lows with the possibility of reaching the 730.80 support level, which can turn out to be a major buying area if it gets there.  Keep in mind, if the market can hold above these first major support levels listed, then prices can reverse to higher ground.  A trade above 812.50 and 817 is slightly positive but a trade above 823.70 and 825.80 areas can bring some bullishness back to the chart.  A trade above 847 - 852 area and above 857 will confirm a breakout for higher prices.  Remain defensive inside the 812.50 - 794.50 neutral trading range.
                                       
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 799 - 796.50 area and if possible near 795 area for obj. near 807 - 808 area and possibly near 811.  (Use a sell stop and rev. short at 788).
 
Aggressive traders can sell rallies near 811 - 812.50 area for obj. near 808.  (Use a protective buy stop at 814.90.  Do not rev. long).
 
Aggressive traders can sell rallies near 817 for obj. near 813 and possibly near 812.  (Use a protective buy stop at 819.70.  Do not rev. long).
 
Aggressive traders can sell rallies near 822 - 823.50 area for obj. near 818.50 and possibly near 817.  (Use a buy stop and rev. long at 826.70).
 
Buy stop at 826.70 for obj. near 833.50 - 836 area.
Buy stop at 841 for obj. near 845 - 846 area.
 
Sell stop at 788 for obj. near 785 - 783.80 area.
Sell stop at 780.50 for obj. near 776.50 and possibly near 773.
Sell stop at 765 for obj. near 753 - 747 area.
 

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

 

Bulletin - Originally sent 10/07/02 (9:40 am est)

Unfortunately, we had difficulty in getting the report out on time for the first trade listed.  Long positions were taken at 797 and now met the obj. at 806, which completes the first trade.  Since the first trade is now complete, it is considered a very aggressive trade and a high risk to repeat this trade again.

Bulletin - Originally sent 10/07/02 (9:56 am est)

A sell-off down near the 793 and 791 support areas can still be considered a buying area for a low risk trade.  Aggressive traders can attempt long positions near 794 and if possible near 792 for obj. near 799 and possibly near 801.  (Use a sell stop and rev. short at 788).

Bulletin - Originally sent 10/07/02 (10:04 am est)

Long positions were taken at 794.50 and the rally up to 798.20 completed the trade at 798.

Aggressive traders can now attempt long positions on a sell-off near 792.50 - 791 area for an obj. near 795.50 - 797 area.  Continue to use a sell stop and rev. short at 788.  This last trade is considered a low risk trade but also the last attempt for any long positions in this support area.

Results:    10/07/02

Bought @ 797.50        Sold @ 806         = + $2,125.00
Bought @ 795             Sold @ 798        = + $   750.00        (as per bulletin)
Bought @ 792.50        Sold @ 795.50    = + $   750.00        (as per bulletin)  
Sold @ 788                 Bought @ 785    = + $   750.00
TOTAL (P & L)                                          + $4,375.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 10-08-02 :  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 Dec. contract -
789 peak and intra-day channel also 791.20 day channel (major area) / 799.80 and 802 intra-day channel also 799, 800.50 and 802 peaks (major areas) / 804 day channel and 805.50 GBX channel (very major area) / 808.50 day top and 809 minor day channel (very major area) / 812 and 814.80 peaks (major area) / 823.70 weekly channel and 825.80 day top (very major area) / 829 day channel and 830 GBX top also 829.80 peak and 832 GBX channel (very major area) / 835 minor channel (major) / 840.50 day top and 844.50 minor day channel (very major area).
 
Support:  For the Dec. contract -
785 intra-day gap and 784.50 base also 782 bottom (very major area) / 778.70 newly developed down channel (major) / 775.80 and 774 down channels also 774 and 773 weekly bottoms (very major area) / 770.10 weekly down channel and 769.50 weekly down channel with GBX prices (very major area) / 758 weekly bottom from 4/97 (very major area) / 737.60 monthly bottom (very major area) / 730.80 major monthly channel and 730 major weekly down channel (very major area).
 
Comments: 
    The sell-off on Monday brought prices down to a very critical support area, which can possibly stimulate buying for some recovery rallies.  A trade below the 782 bottom is bearish for prices to challenge the 774 - 773 major bottom area.  A trade below 769.50 will confirm a technical failure, which can bring prices down near the 737.80 and 730.80 major support area.  The 737.80 and 738.80 is such a significant support that traders should consider it a buying area for long-term long positions.  A trade today above 805.50 and 809 is slightly bullish but a trade above 823.70 - 825.80 area can possibly reverse the momentum to the upside for higher prices to follow.  Remain neutral and defensive inside the 802 - 782 trading range.
                                           
Day trades:  For the Dec. contract -
 
If the market opens above 792 - aggressive traders can sell rallies near 799 and if possible near 801 for obj. near 794 and possibly near 792.  (Use a protective buy stop at 803.  Do not rev. long).
 
Aggressive traders can attempt long positions near 786 - 784.50 area for obj. near 789 - 791 area.  (Use a sell stop and rev. short at 781.30).
 
Sell stop at 781.30 for obj. near 778.70 and possibly near 776.
Sell stop at 765 for obj. near 760 - 758 area.
Sell stop at 753 for obj. near 742 - 737.80 area.
 
Buy stop at 709.70 for obj. near 712 - 714 area.
buy stop at 716.20 for obj. near 720 - 723 area.
Buy stop at 736 for obj. near 740 and possibly near 744. 
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
 
 
Bulletin - Originally sent 10/08/02 (9:44 am est)
 
The rally up to 798.50 put traders into short positions for an obj. near 794 and possibly 792 as mentioned in the first trade. 
 
Bulletin - Originally sent 10/08/02 (9:49 am est)
 
The sell-off down to 794.50 completes the trade of the short position taken from the first trade.
 
Bulletin - Originally sent 10/08/02 (11:42 am est)
 
The sell stop at 781.30 was hit putting traders into short positions.  The chart formation appears technically supportive at this time, and it is too risky to hold  the short position.  It is recommended for traders to exit all short positions taken at the market and scratch the trade.  The market is trading at 783 at this time.
 
Bulletin - Originally sent 10/08/02 (11:46 am est)
 
The supportive condition at this time seems worthy to re-enter long positions.  It is recommended that aggressive traders can attempt long positions near 784 for an obj. near 794.  (Use a protective sell stop at 779.  Do not rev. short). 
 
Bulletin - Originally sent 10/08/02 (12:03 pm est)
 
The 779 stop was hit taking traders out of the long position.  Since the support at 778.70 is holding it is recommended for traders to attempt long positions for the last time.  Enter long positions near 780 with an obj. near 794.  (Use a protective sell stop at 777.  Do not rev. short). 
 
Bulletin - Originally sent 10/08/02 (12:07 pm est)
 
Since the 778.70 seems to be proving to be a major support, it is recommended for long positions to be attempted at the market.  The market is trading at 781 at this time.
 
Bulletin - Originally sent 10/08/02 (12:42 pm est)
 
Since the market appears very supportive from the 778.70 low, and now rallied from the 782.50 pullback low, position day traders can hold long positions for an obj. near 801 - 804 and possibly near 805.50.  Day traders can still look for an obj. near 794.  A trade above 796.50 can bring prices up to 801 - 804 area.
 
Bulletin - Originally sent 10/08/02 (1:06 pm est)
 
The rally up to 794 completes the day trade long position taken at 780.50.  Position day traders that are looking for an obj. near 801, should not allow the long position to go into a loss.  Move protective sell stop from 877 to 880.50, which would scratch the trade with no loss if obj. is not met.  If obj. or stop is not met by the end of the day session, it is recommended to exit the long position at market on close. 
 
Bulletin - Originally sent 10/08/02 (1:25 pm est)
 
The rally up to the 794.20 and 793.70 can prove to be an intra-day double top resistance and can possibly stimulate selling.  It is recommended for position day traders to exit the long position at the market and take profits.  The market is trading at 790 at this time.

Results:    10/08/02

Sold @ 798.30            Bought @ 794.50     = + $   950.00
Bought @ 786            Sold @ 781.30         = -  $1,175.00
Sold @ 781.30            Bought @ 783.30     = -  $   500.00     (as per bulletin)
Bought @ 783.50        Sold @ 779             = -  $1,125.00      (bought as per bulletin)
Bought @ 780.50        Sold @ 794             = + $3,375.00      (as per bulletin)
Bought @ 796.50        Sold @ 804             = + $1,875.00      (as per instruction in bulletin)  
TOTAL (P & L)                                              + $3,350.00
Position trader bought @ 780.50 as per bulletin     Sold @ 790 as per bulletin     = + $2,375.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 10-09-02 :  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 Dec. contract -
801.30 minor day channel and 803 peak (major area) / 807.50 peak and intra-day channel also 809.50 day top (very major area) / 812 and 814.80 peaks (major area) / 823.50 day channel and 823.70 weekly channel also 825.80 day top (very major area) / 827 GBX channel and 830 GBX top also 829.80 peak and 830 minor day channel (very major area) / 840.50 day top and 842.50 minor channel (very major area) / 849 minor day channel and 852.20 day top (very major area) / 854.10 gap and 854.50 weekly top also 857 weekly top (very major area).
 
Support:  For the Dec. contract -
798 intra-day channel also 795.50 and 795 base (major area) / 788.50 day session closing price and 786.30 base (very major area) / 782.50 base (major) / 778.70 bottom (very major) / 775.40 down channel also 774 and 773 weekly bottoms (very major area) / 770.10 weekly down channel and 769.50 weekly down channel with GBX prices (very major area) / 758 weekly bottom from 4/97 (very major area) / 737.60 monthly bottom (very major area) / 730.80 major monthly channel (very major area).
 
Comments: 
    The rally on Tuesday from the major support removed some of the bearishness from the chart leaving it technically neutral and subject to whiplashing to both sides until a solid direction can develop.  A trade above 803 is slightly bullish but a trade above 809.50 top and 812 - 814.80 area can bring prices up to challenge the 823.70 weekly resistance.  A trade above 823.70 and 830 area will be considered a breakout for higher prices to develop.  A trade today below 786 is slightly bearish but a trade below 782.50 and 778.70 bottom areas can challenge the 774 contract low.  A trade below 769.50 can bring prices down near 758 and as low as the 737.80 major support, which can prove to be a major buying area.  Remain defensive inside the 803 - 786 neutral area.
                                               
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 789 - 786 area for obj. near 795 - 797 area.  (Use a sell stop and rev. short at 777).  (Conservative traders can use a protective sell stop at 784.  Do not rev. short).
 
Aggressive traders can sell rallies near 800 - 803 area for obj. near 798 and possibly near 795.50.  (Use a buy stop and rev. long at 804.20).
 
Sell stop at 777 for obj. near 775 - 773 area and possibly near 770.
Sell stop at 766 for obj. near 761 and possibly near 758 area.
Sell stop at 753 for obj. near 745 - 740 area and possibly near 737.80.
 
Buy stop at 804.20 for obj. near 807 and possibly near 809.
Buy stop at 815.70 for obj. near 820 - 823 area.
Buy stop at 833 for obj. near 838 - 840.50 area.
 

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

Bulletin - Originally sent 10/09/02 (9:51 am est)

 
Aggressive traders are now long from 786.50 with an obj. near 795 - 797 area.  Conservative traders that took long positions today, got stopped out at 784.  It might pay off for the conservative traders to re-enter long positions and near 786 for obj. of 795.  (Conservative traders can use a protective sell stop at 780.30). 

 

Bulletin - Originally sent 10/09/02 (10:44 am est)
 
The hesitation at the 793.50 - 791.50 double top can be a sign of resistance.  It is recommended to exit the long position at the market and take profits.  The market is trading at 791 at this time.
 

Bulletin - Originally sent 10/09/02 (10:59 am est)

 
Aggressive traders can attempt long positions again near the 785 area for obj. near 789 - 791area.  Continue to use a sell stop and rev. short at 777.
 

Bulletin - Originally sent 10/09/02 (11:37 am est)

 
The long position that was taken at 784 as recommended from the previous bulletin is now complete with the rally and double top at 788.50.

 

Bulletin - Originally sent 10/09/02 (1:04 pm est)
 
The market did not hit the 777 sell stop in the big contract but unfortunately it did in the E-mini.  This trade will not be listed in the daily results for that reason.  Traders using the report to trade the E-mini should allow 1/2 point or so to compensate the spread difference. 
 
Traders holding short positions in the E-mini should look to exit near the 781 - 779 area or the best possible to scratch the trade with a small loss.  There is still a chance for rallies to develop from this support area.  Aggressive traders looking to hold the short positions in the E-mini for the obj. price can use a protective buy stop at 788.75 
 

Bulletin - Originally sent 10/09/02 (3:13 pm est)

 
The sell stop was hit at 777 putting traders into short positions.  The action from this area is still showing signs of support leaving doubt in the trade.  It is recommended to exit the short position at the market and scratch the trade.  The market is trading at 782 at this time.  The sell stop at 766 will remain as the next sell trade and in effect until the close.

Results:    10/09/02

Bought @ 786.50             Sold @ 791        = + $1,125.00
Bought @ 784                 Sold @ 788.50    = + $1,125.00  
Sold @ 777                     Bought @ 780     = -  $  750.00     (as per bulletin)
TOTAL (P & L)                                              + $1,500.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 10-10-02 :  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 Dec. contract -
779.50 and 780.50 peaks (significant) / 783 intra-day channel and 784 peak (major area) / 787 and 788.50 day channels (major area) / 791 peak also 792.50 day channel and 793.50 day top also 794 GBX channel (very major area) / 798 intra-day channel (major) / 801.10 day gap and 803 GBX top (major) / 805.80 weekly closing price and 809.80 day top (very major area) / 812 and 814.80 peaks (major) / 815 monthly closing price and 817.50 GBX channel (major area) / 823.70 weekly channel and 825.30 weekly closing price also 825.80 day top (very major area).
 
Support:  For the Dec. contract -
774.70 day bottom also 774 and 773 weekly bottoms (very major area) / 771.30 and 771 minor down channels (major area) / 770.10 and 769.50 weekly down channels (very major area) / 764 daily down channel (major) / 758 weekly bottom from 4/97 (very major area) / 737.60 monthly bottom (very major area) / 730.80 major monthly channel also 730 major weekly down channel (very major area).
 
Comments: 
    The whiplashing action on Wednesday brought prices down to a very critical bottom support area, which either can stimulate rallies or prove to be a technical failure for lower prices.  A trade above 791 - 794 area is bullish but only a trade above 823.70 area can possibly reverse the momentum to the upside and start a new uptrend.  A trade below 771 - 769.50 area is bearish for prices to challenge the 764 and 758 support areas.  A trade below 758 can bring prices down to the 737.80 and 730.80 major support areas, which can possibly turn out to be a major buying area.  Remain defensive inside the neutral trading area between 788.50 and 771.   
                                                   
Day trades:  For the Dec. contract -
 
Aggressive traders can buy dips near 774 - 771 area for obj. near 779 - 783 area.  (Use a sell stop and rev. short at 768).
 
Aggressive traders can sell rallies near 790 - 793 area for obj. near 786 - 784 area.  (Use a buy stop and rev. long at 795).
 
Sell stop at 768 for obj. near 764 and possibly near 760 - 758 area.
Sell stop at 754 for obj. near 745 - 740 area and possibly near 737.80.
 
Buy stop at 795 for obj. near 798 and possibly near 800 - 801.10 gap area.
 

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

Bulletin - Originally sent 10/10/02 (10:15 am est)

 
The sell stop was hit at 768 putting traders into short positions.  At this time, the resistance is at 775.80 and therefore protective buy stops must be at 776.  Since the markets performance at this area is showing support, it is recommended for traders to exit the short position near 771 and scratch the trade.  Sell stops at 766 can be used to re-enter short positions for an obj. near 764 - 763 area and possibly near 760. 

 

Bulletin - Originally sent 10/10/02 (10:46 am est)
 
The rally up to 789.50 put traders into short positions for an obj. near 786 - 784 area.  Continue to use a buy stop and rev. long at 795.

 

Results:    10/10/02

Bought @ 774                 Sold @ 780       = + $1,500.00
Sold @ 768                     Bought @ 772   = -  $1,000.00     (as per bulletin)  
Sold @ 789.50                 Bought @ 795   = -  $1,375.00     
Bought @ 795                 Sold @ 798       = + $   750.00     
TOTAL (P & L)                                            -  $   125.00
 
    thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 10-11-02 :  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 Dec. contract -
802.70 newly developed minor day channel (major) / 806 minor day channel and 807.50 day top (major area) / 809.80 day top and 811.60 minor channel also 812 peak (major area) / 814.80 and 816 peaks also 815.30 major GBX channel (very major area) / 817.20 and 818.30 day channels / 820.50 intra-day channel also 822 day channel and 823.70 weekly channel (very major area) / 825.30 weekly closing price and 825.80 day top (major area) / 830 GBX top (major) / 837 minor day channel and 840.50 day top (major area) / 847 minor day channel (very major area) / 852.20 day top to 854.10 gap also 854.50 weekly top (very major area) / 857 weekly top (very major area).
 
Support:  For the Dec. contract -
800.50 intra-day channel and 799.50 rev. channel also 799 base (major area) / 794.50 base and 793.50 rev. peak (very major area) / 789 base and 786 base also 788.50 day session closing price (very major area) / 778 base and 777.80 lowest day session close (very major area) / 773.50 and 771.50 base (major area) / 767.50 bottom and 766.50 newly developed down channel (very major area) / 760 minor down channel and 758 weekly bottom from 4/97 (very major area).
 
Comments: 
    The rally and close on Thursday is considered a minor key reversal, which removes the chart out of bearish conditions and putting it neutral to slightly bullish.  The market now faces very major resistance areas at 815.30, 817.80 and 823.70, which can keep prices at bay and possibly stimulate selling for some retracement to the downside.  A trade above 823.70 and 825.80 will be considered a breakout for higher prices to follow.  A trade below 794.50 - 793.50 area is slightly bearish but a trade below 786 can bring prices down to challenge the 773 - 767.50 bottom area again and possibly new contract lows.  Remain defensive inside the 823.70 - 794.50 trading range.
                                                       
Day trades:  For the Dec. contract -
 
Aggressive traders can sell rallies near 817 - 820 area and if possible near 823 for obj. near 812 - 810 area and possibly near 808.  (Use a buy stop and rev. long at 827).
 
Aggressive traders can buy dips near 801 - 799.50 area for obj. near 806 and possibly near 808.  (Use a sell stop and rev. short at 797).
 
Buy stop at 827 for obj. near 830 - 832 area and possibly near 835.
 
Sell stop at 797 for obj. near 795 - 793.50 area.
Sell stop at 784 for obj. near 780 - 778 area.
 

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

Results:    10/11/02

Sold @ 818.50                Bought @ 827   = -  $2,125.00     
Bought @ 827                 Sold @ 830       = + $   750.00     
TOTAL (P & L)                                            -  $1,375.00

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.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. NO IMPLICATION IF BEING MADE THAT ANYONE UTILIZING THE TECH GURU REPORT HAS OR CAN OBTAIN SUCH PROFITS AND RESULTS. THIS INFORMATION IS NOT A RECOMMENDATION TO BUY OR SELL AT THIS TIME, BUT MERELY A PRESENTATION OF TRADES STRATEGIES. THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT IS NOT GUARANTEED AS TO THE ACCURACY OR COMPLETENESS. PLEASE CHECK MARKET FUNDAMENTALS AND TECHNICAL CONDITIONS BEFORE CONSIDERING THESE OR ANY TRADES. 

 

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