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The week in review - 11/25/02 - 11/29/02

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 11-25-02 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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 -

929.50 and 930.30 intra-day channels (major area) / 930.50 and 931 weekly channels also 931, 931.60 and 932 peaks also 933.50 intra-day gap (very major area) / 935.30 and 936.50 peaks also 937.50 weekly top (very major area) / 941.20 weekly closing price (major) / 947.80 day session close and 949 GBX weekly channel (very major area) / 956.30 weekly top (very major area) / 961.40 day gap and 965.10 Dec. contract's weekly top also 966 major weekly top (very major area) / 979.10 day session closing price and 981 day top (major area) / 992 weekly closing price and 994 weekly top (very major area).

Support: For the Dec. contract -

927.50 day bottom (major) / 923.20 and 921.50 bases (major area) / 919 day bottom and 918.70 day gap also 916.40 GBX bottom and 916.30 weekly channel (very major area) / 911.70 major weekly channel (very major) / 907.50 minor day channel and 907.20 base also 904.50 major day channel (very major area) / 896.50 minor weekly channel also 894 weekly bottom and 893.40 GBX bottom (major area) / 885.70 day gap (major) / 881 GBX bottom (major) / 877 minor day channel and 875 minor weekly channel (very major area).

Comments:

On Friday, the market closed up for the second week in a row leaving the chart in bullish territory. The sell-off from the resistance on Friday can stimulate some selling pressure down near the support area before any further rallies can develop. A trade above 941.20 can bring prices up to challenge the 949 channel resistance and possibly near the 956 - 965.50 top areas. A trade below 927.50 is slightly bearish but a trade below 919 - 916.30 can bring prices down to challenge the 911.70 major support area. A trade below 911.70 will fail the major weekly channel for lower prices to follow. Remain defensive inside the 933.50 - 916.30 neutral trading range.

Day trades: For the Dec. contract -

Aggressive traders can buy dips near 929.50 - 927.50 area or sell rallies near 932.50 - 933.50 area, whichever side comes first, to complete the trade. (Use a sell stop and rev. short at 925.30). (Use a buy stop and rev. long at 934.50).

Aggressive traders can buy dips near 918.70 - 916.50 area for obj. near 923 - 925 area and possibly near 926. (Use a sell stop and rev. short at 910). (Conservative traders can use a protective sell stop at 914.80. Do not rev. short).

Buy stop at 934.50 for obj. near 936 and possibly near 937.

Buy stop at 943.70 for obj. near 947 - 949 area.

Sell stop at 925.30 for obj. near 923.50 - 921.50 area and possibly near the 918.70 gap - 916.30 major support.

Sell stop at 910 for obj. near 908 - 907.20 area and possibly near 906.

* 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 11/25/02 (10:09 am est)

The buy stop was hit at 934.50 putting traders into long positions. the rally up to the 935 and 935.20 double top completes the trade.

Results: 11/25/02

Bought @ 928.50 Sold @ 932.50 = + $1,000.00

Bought @ 934.50 Sold @ 935.20 = + $ 175.00

Sold @ 925.30 Bought @ 923 = + $ 575.00

TOTAL (P & L) + $1,750.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 11-26-02 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the Dec. contract -

931 peak and 931.80 intra-day channel (major area) 933.50 intra-day peak (major) / 935.80 peak and 936 newly developed day channel also 937.30 and 937.50 weekly tops (very major area) / 941.20 weekly closing price (major) / 947.80 day session close and 949 GBX weekly channel (very major area) / 956.30 weekly top (very major area) / 961.40 day gap and 965.10 Dec. contract's weekly top also 966 major weekly top (very major area) / 979.10 day session closing price and 981 day top (major area) / 992 weekly closing price and 994 weekly top (very major area).

Support: For the Dec. contract -

927.50 base (major) / 925.70 minor day channel with GBX prices also 925.50 base and 924.50 minor day channel (very major area) / 922.60 bottom (major) / 919 day bottom and 918.70 day gap also 916.40 GBX bottom and 916.30 weekly channel (very major area) / 911.70 major weekly channel also 911.50 day channel (very major area) / 908.90 weekly closing price and 908.50 major day channel also 907.20 base (very major area) / 898.10 day session close and 897 minor day channel (major area) / 892 minor weekly channel (very major area) / 885.70 day gap (major area).

Comments:

The whiplashing action on Monday brings a neutral condition inside the 936 - 925.70 area. A trade above 936 and 941.60 can bring prices up to challenge the 949 weekly resistance, which can prove to be significant enough to put a lid on rallies for a while. A trade above 949 will put the chart in bullish condition for prices to challenge the 956 - 966 top area. A trade today below 925.70 - 924.50 is slightly bearish but a trade below the 916.30 and 911.70 weekly channels can bring prices down to challenge the 892 support area and possibly near the 875 area. Remain defensive inside the major trading range between 936 and 911.70.

Day trades: For the Dec. contract -

Aggressive traders can buy dips near 926.50 - 925.50 area for obj. near 930 - 931 area and possibly near 931.80. (Use a sell stop and rev. short at 924).

Aggressive traders can sell rallies near 934 - 936 area for obj. near 931 - 929 area. (Use a buy stop and rev. long at 943.70). (Conservative traders can use a protective buy stop at 938.20. Do not rev. long).

Aggressive traders can buy dips near 916.70 and if possible near 912.50 - 911.70 area for obj. near 921.50 - 922.50 area. (Use a sell stop and rev. short at 906).

Buy stop at 943.70 for obj. near 947 - 949 area.

Buy stop at 952 for obj. near 955 - 956 area.

Sell stop at 924 for obj. near 919 - 916.50 area.

Sell stop at 906 for obj. near 901 - 898 area.

Bulletin - Originally sent 11/26/02 (10:01 am est)

Long positions were taken on the opening at 925.50. The rally up to the 928.30 seems to be showing resistance at this time for long positions to consider exiting the trade and taking profits. The market is trading at 928.30 at this time.

Bulletin - Originally sent 11/26/02 (11:07 am est)

Long positions were taken on a sell-off down to 917, which is near enough to 916.70. Long positions can also be added on a sell-off near 912.50 - 911.70 area. Continue to use a stop and rev. short at 906.

Bulletin - Originally sent 11/26/02 (11:59 am est)

Long positions were taken at 917.50. The rally up to 922 meets the obj. at 921.50 to complete the trade.

Aggressive traders can now buy dips near 912.50 - 911.70 area, if it gets there for obj. near 916 and possibly near 918. Continue to use a sell stop and rev. short at 906.

Bulletin - Originally sent 11/26/02 (3:50 pm est)

The sell-off down to 913 put traders into long positions, which is near enough to 912.50. The obj. is to exit near 916. Continue to use a sell stop and rev. short at 906.

Results: 11/26/02

Bought @ 925.50           Sold @ 928              = + $ 625.00

Sold @ 924                   Bought @ 919         = + $1,250.00

Bought @ 917.50           Sold @ 921.50         = + $1,000.00

Bought @ 913               Sold @ 912              = - $   250.00

TOTAL (P & L)                                                 + $3,125.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 11-27-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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 -

916 and 917 intra-day channel also 918.30 peak (major area) / 919.50 peak and 919.70 day channel also 920.70 peak (major area) / 922.50 and 924.50 peaks (major area) / 927.50 GBX channel and 928.50 day top also 929.70 day gap (very major area) / 932.40 GBX top (major) / 935.80 peak and 936 day channel also 937.30 and 937.50 weekly tops (very major area) / 940 upper channel and 941.20 weekly close (major area) / 947.80 day session close and 949 GBX weekly channel (very major area).

Support: For the Dec. contract -

910.70 bottom and 910 minor day channel also 908.90 weekly closing price (very major area) / 900 and 898.10 day session closing prices also 899.50 minor channel (very major area) / 893.40 GBX bottom and 892.50 day bottom (major area) / 885.70 day gap and 881 GBX bottom (major area) / 878.50 and 875 minor day channels (very major area) / 870.50 weekly bottom (very major) / 866 weekly bottom to 862.30 day gap (very major area).

Comments:

    The sell-off on Tuesday brought prices down to a very critical support area. A trade below 910 - 908.90 area will fail the major support for prices to challenge the 892.50 bottom and 885.70 gap area. A trade below 878.50 and 875 is a technical failure and can bring prices down to the 50% retracement area at 852.50 and possibly near the 841.60 gap area. A trade today above 919.70 is slightly bullish but only a trade above 927.50 - 929.70 area can bring any solid bullishness back to the charts. Remain defensive inside the 927.50 and 910 trading range.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 919 - 920 area and again if possible near 924 - 927 area for obj. near 913.50. (Use a protective buy stop at 933.30. Do not rev. long).

Aggressive traders can attempt long positions near 913.50 - 910.50 area for obj. near 917 - 919 area. (Use a sell stop and rev. short at 906).

Sell stop at 906 for obj. near 901 - 898 area.

Sell stop at 889 for obj. near 885.70 to 881 area.

Buy stop at 943.30 for obj. near 947 - 949 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 11/27/02 (10:48 am est)

The market rallied hitting the 933.30 protective stop. At this time, the market is showing resistance for short positions to be re-entered. It is recommended for short positions to be taken at the 932 to 934 area for an obj. near 919 and possibly near 913. Continue to use a buy stop and rev. long at 943.50.

Bulletin - Originally sent 11/27/02 (3:55 pm est)

The market is showing too much strength at this level to hold short positions. It is recommended to exit all short positions at the market and cut losses. The market is trading at 940 at this time.
Results:    11/27/02

Sold @ 920           Bought @ 933.30         = - $3,325.00

Sold @ 934           Bought @ 940              = - $1,500.00     as per bulletin

TOTAL (P & L)                                            -  $4,825.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 11-29-02 :  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 -

941.20 weekly closing price and 943 weekly minor upper channel (very major area) / 947.80 day session closing price and 949 GBX weekly channel (very major area) / 956.30 weekly top (very major area) / 961.40 day gap and 965.10 Dec. contract's weekly top also 966 major weekly top (very major area) / 979.10 day session closing price and 981 day top (major area) / 991 and 992 weekly closing prices also 993.80, 994 and 995.80 weekly tops (very major area) / 1015 major channel (very major area).

Support: For the Dec. contract -

938.60 day session channel and 938 closing price also 937 intra-day channel and 937, 936.20, 936 base areas (major area) / 935.30 and 934.20 base areas (major area) / 932 and 931.70 base area also 930.50 intra-day gap (major area) / 926.70 base (major) / 922 base and 921.50 day channel also 920 day bottom (very major area) / 916.50 minor GBX channel (major) / 911.50 day gap and 910.70 day bottom also 908.90 weekly closing price (very major area) / 901.50 minor channel and 898.10 day session closing price (major area) / 893.40 GBX bottom and 892.50 weekly bottom (very major area).

Comments:

    The rally on Wednesday brought prices up near the very major resistance areas at 943 and 949. A trade above 949 will be considered a breakout and can bring prices up to challenge the 956.30 and 966 top areas. A trade above 966 will be considered another breakout for prices to challenge the 991 - 995.80 area and possibly near the 1015 major weekly channel. A trade today below 932 - 930.50 area is slightly bearish but only a trade below 922 - 920 area can bring any solid bearishness back to the chart. Remain defensive inside the 943 - 932 neutral range and 949 - 922 major trading range.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 941 - 943 and buy dips near 938.50 - 937.50 area, whichever side comes first, to complete the trade. (Use a buy stop and rev. long at 943.70). (Use a sell stop and rev. short at 935).

Aggressive traders can attempt short positions near 948 - 949 area for obj. near 944 - 943 area and possibly near 940. (Use a buy stop and rev. long at 952).

Aggressive traders can attempt long positions near 922 - 920 area for obj. near 926 - 927 area and possibly near 929. (Use a sell stop and rev. short at 918.70).

Buy stop at 943.70 for obj. near 947 - 949 area.

Buy stop at 952 for obj. near 955 - 956.50 area and possibly near 961.40 gap area.

Sell stop at 935 for obj. near 932 - 930.50 area.

Sell stop at 929.30 for obj. near 927.30 - 926.70 area

Sell stop at 925.80 for obj. near 922.50 - 920 area.

Sell stop at 915.80 for obj. near 912 - 908.90 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 11/29/02 (9:48 am est)

Short positions were taken at 941. The sell-off down to 938.50 meets the obj. to complete the first trade.

Results:    11/29/02

Sold @ 941           Bought @ 938.50         = + $ 625.00

Sold @ 935           Bought @ 932              = + $ 750.00

TOTAL (P & L)                                            + $1,375.00

The week in review - 12/02/02 - 12/06/02
The Tech Guru's S & P Day Trading Recommendations

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 12-02-02 :  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 -

936 intra-day channel and newly developed weekly channel also 938 and 938.30 peaks (major area) / 940.50 and 941 peaks also 941 day channel and 942 weekly top (very major area) / 944 daily upper channel and 944.30 GBX weekly channel (very major area) / 947.80 and 952.50 day session closing price also 948.50 weekly upper channel (very major area) / 956.30 weekly top (very major area) / 961.40 day gap (major) / 965.10 Dec. contract's weekly top and 966 major weekly top (very major area) / 969.50 daily upper channel (major) / 979.10 day session closing price and 981 day top (major area) / 991 and 992 weekly closing prices also 993.80, 994, and 995.80 weekly tops (very major area) / 1010 major weekly channel (very major area).

Support: For the Dec. contract -

934 intra-day channel (major) / 931.70 day bottom and 930.50 day gap (major) / 928.90 weekly channel also 928.60 and 928 day channels (very major area) / 924.70 GBX channel (very major) / 922.50, 921 and 920.50 base areas also 920 day bottom (major area) / 912 GBX bottom and 911.50 day gap (major area) / 906 minor day channel (major) / 900.60 minor GBX channel and 898.10 day session closing price (very major area) / 893.40 GBX bottom and 892.50 weekly bottom (major area) / 885.70 day gap and 881 GBX bottom (major area).

Comments:

    The whiplashing action inside a narrow trading range on Friday managed to close the week up for the third week in a row. This leaves the chart in bullish condition for rallies to challenge the 956.50 and 966 top area, which can possibly stimulate some selling pressure. A trade above 966 - 969.50 area can bring prices up to challenge the 993.80 - 995.80 weekly tops and possibly as high as the 1010 major resistance, which can be considered a major selling area. A trade below 928 - 924.70 area is bearish that can be the first signal for lower prices to follow. Remain defensive at the 956 - 966 top area and 928 - 924.70 support area until a breakout is seen to either side.



Day trades: For the Dec. contract -

If the market opens above 944 aggressive traders can sell rallies near 947.80 to 952.50 area for obj. near 944 and possibly near 942 area. (Use a protective buy stop at 953.70. Do not rev. long).

Aggressive traders can attempt short positions near 961.40 gap - 966 top area for obj. near 956 and possibly near 953 - 950 area. (Use a buy stop and rev. long at 972.50).

Aggressive traders can buy dips near 929 - 925 area for obj. near 936 - 938 area. (Use a sell stop and rev. short at 917.80).

Buy stop at 972.50 for obj. near 978 - 979 area and possibly near 981.

Buy stop at 984 for obj. near 988 - 989 area and possibly near 991.

Sell stop at 917.80 for obj. near 913 - 911.50 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 12/02/02 (4:15 pm est)

The sell-off down to the 929 area put traders into long positions. The rally up to the 935.70 is near enough to the 936 obj. to complete the trade.

Results:    12/02/02

Sold @ 951            Bought @ 953.70         = - $ 675.00

Bought @ 929        Sold @ 935.70             = + $1,675.00

TOTAL (P & L)                                             + $1,000.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 12-03-02 :  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 -

939 and 940 peaks (major area) / 944.50 intra-day peak (major) / 948.80 and 949.50 intra-day peaks (major area) / 954.80 day top and 956.30 weekly top (very major area) / 961.40 day gap (major) / 965.10 Dec. contract's weekly top and 966 major weekly top (very major area) / 969.50 weekly upper channel and 973 daily upper channel (very major area) / 979.10 day session closing price and 981 day top (major area) / 991 and 992 weekly closing prices also 993.80, 994 and 995.80 weekly tops (very major area).

Support: For the Dec. contract -

933.50 intra-day channel and 932.20 base also 931.60 minor channel (major area) / 930.50 and 929.50 bases also 930 and 928.50 day channels (very major area) / 924.70 GBX channel (very major) / 921.30 and 920 intra-day channels also 920 day bottom (very major area) / 911.50 day gap and 910.70 weekly bottom also 908.90 weekly closing price (very major area) / 903.50 minor channel (major) / 898.70 and 898.50 weekly double closing price (very major area) / 893.40 GBX bottom and 892.50 weekly bottom (major area) / 885.70 day gap and 881 GBX bottom (major area).

Comments:

    The sell-off on Monday from the major resistance proved the significance of the area. The fact that the market made new weekly highs on Monday and managed to close below the last three day's settling prices is considered a minor key reversal and can prove to be the first bearish signal for lower prices to follow. Only a trade above 948.80 and 956.30 can bring any bullishness back to the chart but will still face the 965.10 and 966 major top areas that can possibly stimulate a major retracement to the down side. A trade above 969.50 and 973 will be considered a breakout for prices to challenge the 991 - 995.80 top areas and possibly near the 1010 major resistance. A trade today below the 930.50 and 924.70 areas is bearish and can prove a follow through to Monday's key reversal for the continuation of the momentum to the downside. Remain defensive inside the 940 - 924.70 neutral area.



Day trades: For the Dec. contract -

Aggressive traders can buy dips near 930.50 - 928.50 area and if possible near 926 - 924.70 area for obj. near 936 and possibly near 939 - 940 area. (Use a sell stop and rev. short at 924).

Aggressive traders can sell rallies near 939 - 940 area and if possible near 942 for obj. near 933 - 931 area. (Use a protective buy stop at 951.80. Do not rev. long).

Aggressive traders can attempt short positions near 961.40 gap and if possible near 965 - 966 top area for obj. near 956 - 953 area and possibly near 949. (Use a buy stop and rev. long at 973.80).

Buy stop at 973.80 for obj. near 978 - 981 area.

Buy stop at 984 for obj. near 989 - 991 area.

Sell stop at 924 for obj. near 922 - 921.50 area.

Sell stop at 919 for obj. near 914 - 912 area.

Sell stop at 906.50 for obj. near 903.50 and possibly near 901 - 900 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 12/03/02 (10:19 am est)

Short positions were taken at 924 on the sell stop. The market is holding this area and showing support. Exit all short positions at the market and reverse long for an obj. near 936 area. (Use a sell stop and rev. short at 919).

Bulletin - Originally sent 12/03/02 (12:48 pm est)

The market hit the sell stop at 919 putting traders into short positions. The action seen today has been technically in a neutral condition and therefore supports can be made at any time. It is recommended for traders to exit the short position at 920 to 921 area and cut losses. If the market hits 924 then exit all short positions at the market. Aggressive traders wishing to hold short positions a little longer can use a protective buy stop at 923.50 to 926.50 area.
Results:    12/03/02

Bought @ 927        Sold @ 924                 = - $ 750.00

Sold @ 924             Bought @ 925            = - $ 250.00      as per bulletin

Bought @ 955         Sold @ 919                = - $1,500.00     as per bulletin

Sold @ 919             Bought @ 920.50       = - $   375.00

TOTAL (P & L)                                            - $2,875.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 12-04-02 :  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 -

924 peak and intra-day channel (major) / 926.50 and 927.80 peaks also 926.50 intra-day channel and 928.50 day top (very major area) / 935.50 day gap and 935.80 peak (major area) / 939 and 940 peaks also 940 GBX top and 944.50 peak (very major area) / 948.80 and 949.50 peaks (major area) / 954.80 day top and 956.30 weekly top (very major area) / 961.40 day gap (major) / 965.10 Dec. contract's top also 966 weekly top (very major area).

Support: For the Dec. contract -

921.50 newly developed day channel (major area) / 919.50 intra-day channel and 919 base also 917.80 day bottom (major area) / 911.50 day gap and 910.70 weekly bottom also 908.90 weekly closing price (very major area) / 904.50 minor day channel and 902.45 weekly channel (very major) / 898.70 and 898.50 weekly double closing price (very major area) / 893.40 GBX bottom and 892.50 weekly bottom (major area) / 885.70 day gap and 881 GBX bottom also 882.50 minor day channel (very major area).

Comments:

    The follow-through sell-off on Tuesday put the chart in neutral to bearish condition, which can stimulate prices to challenge the 902.45 weekly support channel. A trade below the 902.45 and 898.50 area is bearish and can bring prices down to challenge the 892.50 weekly bottom and possibly near the 885.70 gap area. A trade today above 926.50 and 928.50 area is slightly bullish but only a trade above the 940 - 944.50 area can bring any bullishness back to the chart. Remain defensive inside the 926.50 to 902.45 trading range.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 924 - 926 area for obj. near 920 - 919 area and possibly near 917. (Use a buy stop and rev. long at 930.70).

Aggressive traders can attempt long positions near 904.50 - 902.50 area for obj. near 909 - 911 area and possibly near 914. (Use a sell stop and rev. short at 896.80).

Buy stop at 930.70 for obj. near 934 - 936 area and possibly near 939.

Buy stop at 945.50 for obj. near 948.50 - 949 area.

Sell stop at 896.80 for obj. near 893.50 - 892.50 bottom area.

Sell stop at 889 for obj. near 885.70 gap area and possibly near 883 - 882.50 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.

Results:    12/04/02

Sold @ 924             Bought @ 919       = + $1,250.00

TOTAL (P & L)                                        + $1,250.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 12-05-02 :  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 -

920.80, 921.20 and 922 peaks also 923.50 minor day channel (major area) / 926 and 928.50 day tops (very major area) / 935.30 day gap and 935.50 peak (major area) / 939 and 940 intra-day peaks also 940 GBX top (very major area) / 944.50 peak (major) / 948.80 peak and 951.20 major day channel (very major) / 954.50 peak and 954.80 day top also 956.30 weekly top (very major area) / 961.40 day gap and 965.10 Dec. contract's top also 966 weekly top (very major area).

Support: For the Dec. contract -

916 base (major) / 914 base and 912.50 newly developed day channel also 911.60 rev. channel (very major area) / 908.80 day bottom and 908.90 weekly closing price also 906 minor day channel (major area) / 902.40 weekly channel also 898.70 and 898.50 weekly double closing price (very major area) / 893.40 GBX bottom and 892.50 weekly bottom (very major area) / 885.70 day gap and 883.50 minor day channel also 881 GBX bottom (very major area).

Comments:

    The sell-off on Wednesday managed to close the market down for the 4th day in a row leaving the chart in neutral to bearish condition. The sell-off on Wednesday brought prices down to a very major support area, which proved to hold in Wednesday's session, and can also stimulate further rallies. A trade above 926 - 928.50 area is slightly bullish but a trade above 940 can bring prices up to challenge the 951.20 day channel and possibly the 966 major top area. A trade today below 912.50 - 911.60 area is slightly bearish and can bring prices down to challenge the 902.40 major weekly support. A trade below 902.40 is bearish for lower prices to follow. Remain defensive inside the 923.50 - 912.50 neutral range.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 922 - 926 area for obj. near 918 - 916 area. (Use a buy stop and rev. long at 930.70.

Aggressive traders can buy dips near 913 - 911.60 area for obj. near 918 - 919 area and possibly near 922. (Use a sell stop and rev. short at 908).

Aggressive traders can attempt long positions near 903.50 - 902.50 area for obj. near 911 and possibly near 914. (Use a sell stop and rev. short at 897).

Buy stop at 930.70 for obj. near 934.50 - 936 area and possibly near 938.

Buy stop at 945 for obj. near 948 - 950 area.

Sell stop at 915 for obj. near 913 - 911.50 area.

Sell stop at 908 for obj. near 903.50 - 902.50 area.

Sell stop at 897 for obj. near 894 - 892.50 bottom area.

Sell stop at 889 for obj. near 885.70 gap and possibly near 883.50 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 12/05/02 (10:20 am est)

The first two trades were complete. The sell-off put traders into long positions at 912. The rally up to 915 is showing resistance and does not appear it will meet the obj. at 918. It is recommended to exit long positions at the market to complete the trade. The market is trading at 915 at this time.

Bulletin - Originally sent 12/05/02 (1:37 pm est)

The sell stop at 908 was hit putting traders into short positions. The double bottom formation at 905.50 is worthy enough to exit and take profits. Anyone missing this double bottom support and is still in a short positions should exit immediately and cut losses.

Bulletin - Originally sent 12/05/02 (4:05 pm est)
The market continues to hold the 905 - 902.40 major support. Since the 902.40 is the very major support on the weekly chart, it will continue to be a buying area going into tomorrow's trading session.

Aggressive traders that will hold long positions overnight can buy near 905.50 - 903.50 and hold long positions overnight. Continue to use a sell stop at 897 to protect this trade. The obj. is to hold for 924 - 928 area and possibly near 936.

Results:    12/05/02

Sold @ 922             Bought @ 918       = + $1,000.00

Sold @ 915             Bought @ 912       = + $   750.00

Bought @ 912         Sold @ 914.80      = + $    700.00

Sold @ 908             Bought @ 909       = - $ 250.00     exit short position as per bulletin

TOTAL (P & L)                                       + $2,200.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-06-02 :  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 -

909.80 and 910.30 peaks also 911 day channel (major area) / 913 and 914.50 peaks (major area) / 917 day channel with GBX prices also 918 minor day channel (very major) / 922 day top (major) / 926 and 928 day tops (very major area) / 935.30 day gap and 935.50 peak (major area) / 939 and 940 intra-day peaks also 940 GBX top (very major area) / 944.50 peak (major) / 948.80 peak and 950 major day channel (very major area) / 954.50 peak and 954.80 day top also 956.30 weekly top (very major area).

Support: For the Dec. contract -

905.30 bottom (major) / 903.40 day channel and 902.40 weekly channel (very major area) / 898.70 and 898.50 double weekly closing price (very major area) / 893.40 GBX bottom and 892.50 weekly bottom (very major area) / 885.70 day gap and 884 minor day channel (very major area) / 881 GBX bottom and 879 minor day channel (major area) / 870.50 weekly bottom (very major area) / 866 weekly bottom to 862.30 day gap (very major area).

Comments:

    The sell-off on Thursday managed to close the market down for the fifth day in a row leaving the chart in bearish condition. A trade below the 902.40 major support will bring prices down to challenge the 892.50 bottom and possibly the 885.70 gap area. A trade today above 917 is slightly bullish but only a trade above 928.50 can bring any solid bullishness back to the chart. Remain defensive inside the 917 - 892.50 major trading range.



Day trades: For the Dec. contract -

If the market opens below 898.50 - Aggressive traders can buy near 895 - 892.50 area for obj. near 901 - 902 area. (Use a sell stop and rev. short at 889).

Aggressive traders can sell rallies near 909 - 911 for obj. near 904 - 902.50 area. (Use a buy stop and rev. long at 913.20).

Sell stop at 889 for obj. near 885.70 - 884 area.

Sell stop at 876.80 for obj. near 873 - 870.50 bottom area.

Sell stop at 868 for obj. near 862.30 gap and possibly near 860.

Buy stop at 913.20 for obj. near 916 - 917 area.

Buy stop at 920 for obj. near 923 and possibly near 925 area.

Buy stop at 931 for obj. near 935 - 936 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 12/06/02 (prior to the today's report being sent)

If the market opens below 895.50 - Aggressive traders can buy near 896 - 892.50 area for obj. near 901 - 902 area. (Use a sell stop and rev. short at 889).

Bulletin - Originally sent 12/06/02 (10:31 am est)

Short positions were taken at 909 from this rally. The sell off down to 904.50 is near enough to 904 to complete the trade.

Bulletin - Originally sent 12/06/02 (10:31 am est)

The rally hit the buy stop at 913.50 putting traders into long positions. The market is facing resistance at 917.

It is recommended for traders to exit the long position at the market and exit the trade with a small profit. The market is trading at 915 at this time.
Results:    12/06/02

Bought @ 895         Sold @ 901              = + $1,500.00

Sold @ 909             Bought @ 904.50      = + $1,125.00

Bought @ 913.20     Sold @ 915.50        = + $ 575.00

TOTAL (P & L)                                          + $3,200.00

The week in review - 12/09/02 - 12/13/02

The Tech Guru's S & P Day Trading Recommendations

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 12-09-02 :  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 -

914 minor day channel also 914.70 and 915.20 peaks (major area) / 916 day top and 918.20 minor day channel (major area) / 922 day top (major) / 926 day top and 926.40 GBX top also 928.50 day top (very major area) / 935.30 day gap and 935.50 peak also 936 weekly closing price and 940 GBX top (very major area) / 948.50 major day channel also 948.80 newly developed major weekly channel (very major area) / 954.80 day top also 956.30 weekly top (major area) / 961.40 day gap also 965.10 Dec. contract's top and 966 weekly top (very major area).

Support: For the Dec. contract -

908.70 weekly channel and intra-day channel also 906.50 base (very major area) / 904.50, 904.10 and 902.50 base areas (major area) / 900.50 weekly channel (very major area) / 896 day channel (major) / 893 and 892.50 weekly bottom (very major area) / 855.70 day gap and 885 minor day channel (major area) / 881 GBX bottom also 879.50 minor weekly channel and 879 minor day channel (very major area) / 870.50 weekly bottom (very major area) / 866 weekly bottom to 862.30 day gap (very major area).

Comments:

    The rally on Friday from the support level managed to close the weekly chart in neutral to slightly supportive condition. The neutral range between 918.50 and 900.50 can stimulate whiplashing to both sides before a solid direction is seen. A trade above 918.50 can challenge the 928.50 top and 935.30 gap area and possibly near the 948.60 major channel resistance. A trade below 900.50 area can bring prices down to challenge the 893 - 892.50 bottom and possibly near the 885.70 gap area. A trade below 879.50 will fail the major support for lower prices. Remain defensive until a solid direction can develop.



Day trades: For the Dec. contract -

Aggressive traders can buy dips near 906.50 - 902.50 area for obj. near 912 - 914 area and possibly near 916. (Use a sell stop at 895.50).

Aggressive traders can sell rallies near 916 - 918 area for obj. near 910 - 908 area. (Use a buy stop and rev. long at 922.70).

Sell stop at 895.50 for obj. near 893 - 892.50 area.

Sell stop at 889 for obj. near 885.70 gap area.

Sell stop at 876 for obj. near 871 - 870.50 bottom area.

Buy stop at 922. 70 for obj. near 925.70 - 927 area.

Buy stop at 931.50 for obj. near 935.30 gap area.

Buy stop at 943 for obj. near 948 - 948.50 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 12/09/02 (prior to the morning report)

Aggressive traders can buy dips near 906.50 - 902.50 area for obj. near 912 - 914 area and possibly near 916. (Use a sell stop at 895.50).

Bulletin - Originally sent 12/09/02 (10:39 am est)

Long positions were taken at the opening at 904.50. The technical formation remains neutral and does not appear to be worthy of holding positions at this time. It is recommended for traders to exit the long position and scratch the trade. The market is trading at 904.50 at this time.

Bulletin - Originally sent 12/09/02 (11:28 am est)

The major support still remains at 900.50, which is a channel on the weekly chart. Aggressive traders can consider long positions between 903 - 900.50 area for an obj. near 910 - 912 area. (Use a protective sell stop at 899. Do not rev. short).

Bulletin - Originally sent 12/09/02 (2:04 pm est)

The sell stop was hit at 895.50 putting traders into short positions. The technical structure of the intra-day chart seems supportive in this area and makes the short position too high of a risk for the reward. It is recommended for traders to exit the short position and scratch the trade. The market is trading at 896.50 at this time.
Results:    12/09/02

Bought @ 904.50            Sold @ 904.50          = + $   -0-         as per bulletin

Bought @ 902.50            Sold @ 899             = - $ 875.00     as per bulletin

Sold @ 895.50                Bought @ 896.50      = - $ 250.00

TOTAL (P & L)                                                  - $1,100.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 12-10-02 :  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 -

896.50 intra-day channel (major) / 899.20 day channel with GBX prices and 899.50 peak also 901 minor day channel without GBX prices also 901 and 901.80 peaks (very major area) / 903.50, 906 and 906.50 peaks (major area) / 908.50 day top and 910 minor day channel (very major area) / 914.30 day gap and 916 day top also 916 minor day channel and 917.70 GBX top (very major area) / 922 day top (major) / 926 day top and 926.40 GBX top also 928.50 day top (very major area) / 935.30 day gap and 935.50 peak also 936 weekly closing price (very major area) / 940 GBX top (major area).

Support: For the Dec. contract -

886 minor channel also 885.70 day gap and 885.40 minor down channel (very major area) / 881 GBX bottom also 879.50 minor weekly channel and 879 minor day channels (very major area) / 870.50 weekly bottom (very major) / 866 weekly bottom at 862.30 day gap also 861.10 50% retracement (very major area) / 855.70 day bottom (very major area) / 845 peak and 841.60 day gap (very major area).

Comments:

    The sell-off on Monday put the chart in slightly bearish condition facing the 886 and 879 support areas. A trade below 879 is bearish and can bring prices down to challenge the 870.50 and 866 bottom areas and possibly near the 861.10, which is the 50% retracement area from the 954.80 top and 767.50 bottom. A trade today above 899.20 - 901.80 area is slightly bullish but only a trade above 916 - 917.70 area can bring any solid bullishness back to the chart. Remain defensive inside the 901.80 - 879 trading range.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 896 - 899 area for obj. near 892 - 891 area and possibly near 888. (Use a buy stop and rev. long at 904).

Aggressive traders can buy dips near 881 - 879 area for obj. near 886 - 888 area. (Use a sell stop and rev. short at 876).

Buy stop at 904 for obj. near 906.50 - 908 area and possibly near 910.

Buy stop at 911.80 for obj. near 914.50 - 916 area and possibly near 917.

Buy stop at 920.50 area for obj. near 924 - 926 area.

Sell stop at 876 for obj. near 872 - 870.50 area.

Sell stop at 867.50 for obj. near 862.30 gap area and possibly near 860 - 855.70 bottom area.

Sell stop at 852 for obj. near 845 - 841.60 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 12/10/02 (9:53 am est)

Short positions were taken at 897. The sell-off down to 892.80 is near enough to 892 which completes the trade.
Results:    12/10/02

Sold @ 897                Bought @ 893      = + $1,000.00

Bought @ 904            Sold @ 902          = - $   500.00

TOTAL (P & L)                                          + $   500.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 12-11-02 :  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 -

905.20 day top and 906 day channel (major area) / 908.50 day top (major) / 914 minor day channel and 914.30 weekly gap also 916 day top and 917.70 GBX top (very major area) / 922 day top (major) / 926 day top and 926.40 GBX top also 928.50 day top (very major area) / 935.30 day gap and 935.50 peak also 936 weekly closing price (very major area) / 940 GBX top (major area) / 948.80 major weekly channel (very major area) / 954.80 and 956.30 weekly double top area (very major area).

Support: For the Dec. contract -

898.50 and 898 intra-day channels also 897 and 896.20 bases (major area) / 894.80 minor day channel (very major) / 892 day bottom and 891.30 newly developed major day channel (very major area) / 889.60 gap and 889.20 bottom also 888.50 GBX bottom (very major area) / 886.20 minor day channel and 885.70 day gap (major area) / 881 GBX bottom and 880 minor day channel also 879.50 weekly channel (very major area) / 870.50 weekly bottom (very major) / 866 weekly bottom to 862.90 day gap also 861.10 is the 50% retracement (very major area) / 855.70 day bottom (very major area).

Comments:

    The recovery rally on Tuesday put the chart in neutral condition, which can stimulate whiplashing to both sides of the 914 - 879.50 neutral range until a breakout to either side is seen. A trade above 914 - 917.70 area is bullish for prices to challenge the 928.50 - 935.30 area. A trade below 879.50 is bearish for prices to challenge the 870.50 - 866 bottom area and possibly near the 841.60 gap area. Remain defensive inside this neutral range until a solid direction can develop.



Day trades: For the Dec. contract -

Aggressive traders can buy dips near 900 - 898 and sell rallies near 903 - 905 area, whichever side comes first, to complete the trade. (Use a protective sell stop at 896. Do not rev. short). (Use a protective buy stop at 909. Do not rev. long).

Aggressive traders can sell rallies near 914 - 916 area for obj. near 909 - 907 area. (Use a buy stop and rev. long at 919.80).

Aggressive traders can buy dips near 882 - 880 area for obj. near 887 - 889 area. (Use a sell stop and rev. short at 876.50).

Buy stop at 919.80 for obj. near 923 - 925 area.

Buy stop at 930.30 for obj. near 935 - 936 area.

Sell stop at 876.50 for obj. near 872 - 870.50 area.

Sell stop at 867.50 for obj. near 862.30 gap and possibly near the 860 - 855.70 bottom 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 12/11/02 (prior to the morning report)

Aggressive traders can buy dips near 900 - 898 and sell rallies near 903 - 905 area, whichever side comes first, to complete the trade. (Use a protective sell stop at 896. Do not rev. short). (Use a protective buy stop at 909. Do not rev. long).

Bulletin - Originally sent 12/11/02 (prior to the morning report)

The protective sell stop was hit at 896 in the first trade. The market continues to show support at this time. It is recommended for traders to re-enter the long position at the market using a protective sell stop at 893.80. The market is trading at 897 at this time.

Bulletin - Originally sent 12/11/02 (10:20 am est)

The rally up to 901.50 is showing resistance for traders to consider exiting the long position and taking profits instead of waiting for 903 obj. The market is trading at 901 at this time.
Results:    12/11/02

Sold @ 897.50               Sold @ 896          = - $   375.00

Bought @ 897                Sold @ 901          = + $1,000.00     as per bulletin

TOTAL (P & L)                                             + $  625.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 12-12-02 :  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 -

903.30 peak also 903.80 day channel and 904.50 intra-day channel (very major area) / 906.90 peak and 908.30 minor day channel also 910.20 day top (very major area) / 914.30 weekly gap and 916 day top also 917.70 GBX top (very major area) / 922 day top (major) / 926 day top and 926.40 GBX top also 928.50 day top (very major area) / 935.30 day gap and 935.50 peak also 936 weekly closing price (very major area) / 940 GBX top (major) / 944.80 day channel and 948.80 major weekly channel (very major area) / 954.80 and 956.30 weekly double top (very major area).

Support: For the Dec. contract -

900.50 base also 899.40 and 897.60 minor day channels (major area) / 895.70 bottom and 894.10 major day channel with GBX price (very major area) / 892 day bottom and 890.30 minor day channel also 889.60 day gap and 888.50 GBX bottom (very major area) / 886 minor day channel and 885.70 day gap (very major area) / 881 GBX bottom and 880.10 minor day channel also 879.50 weekly channel (very major area) / 870.50 weekly bottom (very major) / 866 weekly bottom to 862.90 day gap also 861.10 is the 50% retracement (very major area) / 855.70 day bottom (very major area).

Comments:

    The whiplashing action on Wednesday proved the neutral area as expected. A trade above 904.50 and 908.30 channels is slightly bullish but a trade above the 914.30 - 917.70 top area will be considered a breakout for prices to challenge the 944.80 - 948.80 major weekly resistance. A trade above 948.80 will put the chart in an uptrend for higher prices. A trade today below 897.60 - 894.10 area is bearish but there are new major support areas that can still stimulate rallies. A trade below 879.50 will fail the last major channel that can bring prices down to challenge the 862.30 gap and possibly as low as the 841.60 gap area. Remain defensive inside the 908.30 - 894.10 neutral area.



Day trades: For the Dec. contract -

Aggressive traders can sell rallies near 904.50 - 908 area for obj. near 901 - 899.50 area. (Use a buy stop and rev. long at 911.50).

Aggressive traders can buy dips near 895 - 894.10 area for obj. near 899 - 901 area. (Use a sell stop and rev. short at 888).

Buy stop at 911.50 for obj. near 914.30 gap and possibly near 916 top.

Buy stop at 920.20 for obj. near 923.50 - 925 area.

Buy stop at 930.70 for obj. near 935 - 936 area.

Sell stop at 888 for obj. near 886 - 885.70 area and possibly near 883.

Sell stop at 876.50 for obj. near 872 - 870.50.

* 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 12/12/02 (prior to the morning report)

Aggressive traders can sell rallies near 904.50 - 908 area for obj. near 901 - 899.50 area. (Use a buy stop and rev. long at 911.50).

Bulletin - Originally sent 12/12/02 (9:48 am est)

Short positions were taken on the opening at 906.50. The sell off down to 901.80 is near enough to the 901 to complete the trade. Anyone that did not exit this short position should consider scratching the trade. Aggressive traders can continue using the buy stop and rev. long at 911.50.
Bulletin - Originally sent 12/12/02 (1?51 pm est)

The market sold-off just missing the buy area at 895 in the Dec. contract. Since the March contract is now the front trading month, long positions would have been taken in the march contract only if the Dec. contract hit the 896 - 895 level.  NOTE: Now that the trade would have been completed with the rally up the obj. of 899 - 901 it is considered a high risk to attempt to repeat this trade again.

Hopefully so of our traders took advantage of buying the 895.50 area in the March contract and is now taking profits. The results of the report will not show this trade as completed and will now consider it cancelled.
Results:    12/12/02

Sold @ 906.50               Bought @ 902     = + $1,125.00

TOTAL (P & L)                                            + $1,125.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-13-02 :  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 March contract -

902.50 day channel and 903 minor channel (major area) / 905 and 907 minor channel (very major area) / 908 and 909 day tops (major area) / 913 day gap and 914.50 day top (very major area) / 921 day top (major) / 924 and 927.20 day top (very major area) / 934.50 day gap and 935.30 weekly closing price (major area) / 941 major day channel also 948.80 major weekly channel (very major area).

Support: For the March contract -

899.50 intra-day channel and 897.50 minor day channel also 898.50 major day channel and 897 base (very major area) / 895.20 and 895 base (major area) / 891.50 day bottom and 888.70 day gap also 890.50 major day channel and 888.20 day bottom (very major area) / 885 minor day channel and 884.60 day gap (very major area) / 880 minor day channel and 879.50 weekly channel (very major area) / 870 March weekly bottom (very major) / 866 weekly bottom to 862.10 day gap (very major area) / 857 day bottom (very major area).

Comments:

    The neutral condition on Thursday managed to close down for the day, leaving the chart neutral to slightly bearish but just very slightly. The neutral area between 907 and 890.50 area can stimulate whiplashing until a breakout is seen to either side. A trade above 914.50 - 917 area will be considered a breakout for higher prices to follow. A trade below 890.50 - 888.20 area is bearish but only a trade below 879.50 will reverse the trend for lower prices. Remain defensive until a breakout is seen to either side of the 907 - 890.50 neutral area.



Day trades: For the March contract -

Aggressive traders can buy dips near 892.50 - 890.50 area for obj. near 897 - 899 area. (Use a sell stop and rev. short at 887.80).

Aggressive traders can sell rallies near 905 - 907 area for obj. near 902 and possibly near 900.50. (Use a buy stop and rev. long at 910).

Sell stop at 887.80 for obj. near 885 - 884.60 gap.

Sell stop at 877 for obj. near 872 - 870 area.

Sell stop at 867 for obj. near 862.10 gap and possibly near 857 bottom.

Buy stop at 910 for obj. near 912.50 - 913 gap and possibly near 914.50 top area.

Buy stop at 918.20 for obj. near 921 - 924 area.

Buy stop at 929 for obj. near 934 - 935.20 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 12/13/02 (prior to the morning report)
For the March contract -

Aggressive traders can buy dips near 891.50 - 890.50 area for obj. near 897 - 899 area. (Use a sell stop and rev. short at 887.80).

Bulletin - Originally sent 12/13/02 (10:23 am est)

The sell stop was hit at 887.80 putting traders into short positions. The market is showing support in this area at this time. It is recommended to exit the short position at this time. The market is trading at 889 at this time.
Results:    12/13/02

Bought @ 892               Sold @ 897        = + $1,250.00

Sold @ 887.80              Bought @ 889     = - $   300.00

TOTAL (P & L)                                          + $   950.00

The week in review - 12/16/02 - 12/20/02

The Tech Guru's S & P Day Trading Recommendations

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 12-16-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

887.60 day channel and 890.80 peak also 890 intra-day channel (major area) / 892.50 and 894.30 peaks also 893.50 intra-day channel (major area) / 896.50 peak and 897.80 day top (major area) / 901 day gap and 902.50 minor day channel also 903 and 903.30 peaks (very major area) / 905 minor day channel (major) / 908 day top and 909 weekly top (major area) / 913 weekly gap and 914.50 day top (very major area) / 921 day top (major) / 924 and 927 day tops (major area) / 934.50 day gap and 935.30 weekly closing price (very major area) / 940.50 and 942 major day channel also 942.70 major weekly channel (very major area).

Support: For the March contract -

885.50 minor down channel and 884.60 day gap also 885 minor day channel (very major area) / 881.70 weekly channel and 878.40 minor day channel (very major area) / 870 weekly bottom (very major area) / 866 weekly bottom (major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

Comments:

    The sell-off on Friday put the chart in bearish territory but faces very major support areas at 885, 878.40 and 870 that can still stimulate rallies. A trade below the 860.50 area, which is the 50% retracement from the 953.50 top and 767.50 bottom can possibly bring prices down near the 940.80 gap area. A trade today above 897.80 is slightly bullish but only a trade above 902.50 and 905 can bring any signs of bullishness back to the chart. Remain defensive inside the 897.80 - 885 neutral area.



Day trades: For the March contract -

Aggressive traders can sell rallies near 890 - 893.50 area for obj. near 887 - 885.50 area. (Use a buy stop and rev. long at 898.50).

Aggressive traders can sell rallies near 902.50 - 905 area for obj. near 898 and possibly near 896. (Use a buy stop and rev. long at 910).

Aggressive traders can buy dips near 885.50 for obj. near 889 - 890 area. (Use a sell stop and rev. short at 875.30).

Aggressive traders can buy dips near 882 - 878 area for obj. near 885 - 886 area and possibly near 887. (Use a sell stop and rev. short at 875.30).

Buy stop at 898.50 for obj. near 902.50 and possibly near 905.

Buy stop at 910 for obj. near 913 gap and possibly near 914.50 top.

Sell stop at 875.30 for obj. near 872 - 870 bottom area.

Sell stop at 853 for obj. near 845 - 840.80 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 12/16/02 (10:15 am est)

The rally up to 898.30 keeps the short position intacked until the buy stop gets hit at 898.50. Traders using the report to trade the e-mini should adjust the buy stop 1/2 to 1 point above the 898.50 buy stop. Short positions should still be intacked.

Bulletin - Originally sent 12/16/02 (10:25 am est)

The buy stop was hit at 898.50 putting traders into long positions. The market is showing too much resistance at this time to remain long. It is recommended to exit all long positions at the market. The market is trading at 897 at this time.

Aggressive traders can re-enter short positions using a protective buy stop at 899.70. Do not rev. long.
Results:    12/16/02

Sold @ 891.50             Bought @ 898.50     = - $1,750.00

Sold @ 897                  Bought @ 899.50     = - $ 625.00     as per bulletin

Sold @ 902.50             Bought @ 910          = - $1,875.00

Bought @ 910             Sold @ 909              = - $   250.00

TOTAL (P & L)                                               - $4,500.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 12-17-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

913 weekly gap and 914.50 day top (very major area) / 921 day top (major) / 924 and 927 day tops (major area) / 934.50 day gap and 935.30 weekly closing price (very major area) / 939 and 940.50 major day channel also 942.70 major weekly channel (very major area) / 944.20 day channel (major) / 953.50 March contract's weekly top and 956.30 weekly chart's top (very major area) / 961.60 day gap and 965.60 March contract's weekly top also 966 weekly chart's major top (very major area).

Support: For the March contract -

907.50 base and 907 and 905.90 intra-day channels (major area) / 902.80 and 902.50 base area (major area) / 897.80 rev. peak and 896.50 base also 895 day channel (very major area) / 890.50 day bottom to 886.50 day gap also 886 weekly bottom (major area) / 884.60 day gap and 884.40 GBX bottom (major area) / 881.70 weekly channel and 878.90 minor day channel (very major area) / 870 weekly bottom (very major) / 866 weekly bottom (major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area).

Comments:


    The rally on Monday removed the bearishness from the chart leaving it in neutral condition. The market is subject for whiplashing inside the wide neutral range between 942.70 and 881.70 trading range. A trade above 914.50 today is slightly bullish and can bring prices up to challenge the 924 - 927 top areas and possibly near the 935.30 gap. A trade today below 895 is slightly bearish and can bring prices down to challenge the 881.70 - 879.80 major support area. Since there is no direction in the major trend, remain defensive until a solid direction can be established.



Day trades: For the March contract -

Aggressive traders can sell rallies near 913 - 914.50 or buy dips near 908 - 906 area, whichever side comes first, to complete the trade. (Use a buy stop and rev. long at 917.50). (Use a sell stop and rev. short at 901.80).

Aggressive traders can buy dips near 898 - 895 area for obj. near 903 - 905 area. (Use a sell stop and rev. short at 893.80).

Buy stop at 917.50 for obj. near 921 and possibly near 924.

Buy stop at 930.20 for obj. near 934.50 gap area and possibly near 935.30 - 939 area.

Buy stop at 947 for obj. near 951 - 953.50 top area.

Sell stop at 901.80 for obj. near 898 - 895 area.

Sell stop at 893.80 for obj. near 890.50 - 888 area and possibly near 886 gap.

Sell stop at 877 for obj. near 873 - 870 bottom 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 12/17/02 (10:14 am est)
Long positions were taken on the opening at 906.50. The rally up to 909.80 is showing resistance at this time and might not hit the obj. at 913. It is recommended for traders to exit long positions and take profits. The market is trading at 908.50 at this time.
Results:    12/17/02

Bought @ 906.50            Sold @ 908.30          = + $   525.00     sold as per bulletin

Sold @ 901.80                Bought @ 902          = - $    50.00

TOTAL (P & L)                                                   + $   475.00



    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 12-18-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

902.50 peak and 903 intra-day channel (major area) / 904.80 intra-day channel and 906.30 day channel also 907.60 GBX channel (very major area) / 910 and 911.20 minor day channels also 910.20 and 911 day tops (major area) / 913 weekly closing price and 914.50 day top (very major area) / 921 day top (major) / 924 and 927 day tops (major area) / 934.50 day gap and 935.30 weekly closing price also 936.50 major day channel (very major area) / 939.50 day channel (major) / 942.70 major weekly channel and 943.50 day channel (very major area).

Support: For the March contract -

900.30 bottom and 899.70 intra-day gap and down channel also 897.80 rev. peak (major area) / 893.70 major day channel (very major area) / 890.50 day bottom and 889.40 GBX channel (very major area) / 886.50 weekly gap and minor channel also 886 bottom and 884.40 GBX bottom (major area) / 881.70 weekly channel and 879.20 minor day channel (very major area) / 870 weekly bottom (very major) / 866 weekly bottom (major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area).

Comments:


    The whiplashing action on Tuesday came to no surprise closing in neutral condition with no solid direction in sight. The neutral condition can bring more of the same whiplashing action until a breakout is seen to either side of the 942.70 - 881.70 range. A trade today above 906.30 - 907.60 area is slightly bullish and a trade above 914.50 can challenge the 927 weekly top and possibly near the 934.50 weekly gap. A trade below 893.70 is slightly bearish and can challenge the 886.50 weekly gap and possibly near 881.70 major support. Remain defensive inside the 907.60 - 893.70 neutral trading area.



Day trades: For the March contract -

Aggressive traders can buy dips near 898 - 897.60 area if possible near 893.70 for obj. near 901 - 903 area. (Use a sell stop and rev. short at 892).

Aggressive traders can sell rallies near 903 - 907 area for obj. near 900.50 - 898 area. (Use a buy stop and rev. long at 917.50). (Conservative traders can use a protective buy stop at 908.70. Do not rev. long).

Aggressive traders can buy dips near 881.70 for obj near 887 - 998 area and possibly near 891. (Use a sell stop and rev short at 876).

Sell stop at 892 for obj. near 890 - 888 area and possibly near 886 gap.

Sell stop at 876 for obj. near 873 - 870 area.

Sell stop at 868 for obj. near 865 - 862.10 gap area.

Buy stop at 917.50 for obj. near 921 and possibly near 924.

Buy stop at 930.20 for obj. near 934 - 935 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:    12/18/02

Bought @ 896.50            Sold @ 892          = - $1,125.00

Sold @ 892                    Bought @ 890      = + $   500.00

TOTAL (P & L)                                             - $   625.00

    thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 12-19-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

893.50 and 894.80 peaks also 895.60 GBX channel (major) / 896.70 top and 897.50 intra-day channel (major area) / 902 day gap and 902.50 day channel also 904 GBX channel (very major area) / 909.80 and 910.80 minor day channels also 910.20 and 911 day tops (major area) / 913 weekly closing price and 914.50 day top (very major area) / 921 day top (major) / 924 and 927 tops (major area) / 934.50 day gap and 935.30 weekly closing price also 936.50 major day channel (very major area) / 938.50 day channel (major) / 942.50 day channel and 942.70 major weekly channel (very major area).

Support: For the March contract -

889 intra-day channel and 888.50 newly developed day channel also 888 and 886.70 base and 886.10 day bottom (major area) / 884.40 GBX bottom (major) / 881.70 weekly channel and 879.80 minor day channel (very major area) / 870 weekly bottom (very major) / 866 weekly bottom (major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

Comments:


    The sell-off on Wednesday put the chart in a neutral to bearish condition. The market is facing major support at the 881.70 and 879.80 area that still can stimulate recovery rallies. A trade below 879.80 is bearish for prices to challenge the 870 and 860.50 areas. A trade below the 857 bottom can bring prices down near the 840.80 gap area. A trade today above 902 - 904 area is slightly bullish and a trade above the 913 - 914.50 area can bring prices up near the 927 top and possibly near the 934.50 gap area. Remain defensive inside the 904 - 881.70 trading area.



Day trades: For the March contract -

Aggressive traders can attempt long positions near 885 - 882 area for obj. near 892 - 893.50 area. (Use a sell stop and rev. short at 876).

Aggressive traders can sell rallies near 893 - 895.50 area for obj. near 889 - 887 area. (Use a buy stop and rev. long at 898.50).

Sell stop at 876 for obj. near 873 - 870 area.

Sell stop at 868 for obj. near 865 - 862.10 area.

Sell stop at 854 for obj. near 845 - 842.50 area and possibly near 840.80 gap.

Buy stop at 898.50 for obj. near 902 - 904 area.

Buy stop at 906 for obj. near 908 - 909 area.

Buy stop at 917.50 for obj. near 920.50 - 923 area.

Buy stop at 930.50 for obj. near 934 - 936 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 12/19/02 (10:13 am est)

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is 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.

The buy stop was hit at 898.50 putting traders into long positions. The market is showing resistance in this area and does not appear it will meet the obj. It is recommended for traders to exit the long position at the market and cut losses.

The market is trading at 896 at this time.

Bulletin - Originally sent 12/19/02 (11:46 am est)

The sell-off hit the buy area at 885 putting traders into long positions. The rally up to 891 is near enough to the 892 obj. to complete the trade.

Bulletin - Originally sent 12/19/02 (1:37 pm est)

The sell-off down to the 881.70 is a very major area and can still be considered a buy.

Aggressive traders can attempt long positions at the 883 - 881.70 area for obj. near 890 - 891 area. (continue to use a sell stop and rev. short at 876).
Results:    12/19/02

Sold @ 894               Bought @ 898.50          = - $1,125.00

Bought @ 898.50       Sold @ 896                  = - $   625.00     as per bulletin

Bought @ 885            Sold @ 891                 = + $1,500.00

Bought @ 882            Sold @ 884.80             = + $   700.00     as per bulletin

TOTAL (P & L)                                                 + $   450.00



   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 12-20-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

888 and 889 peaks (major area) / 893 peak also 893.50 and 894 day channels (major area) / 898.50 and 900 day channels also 899.50 day top (very major area) / 902 day gap and 903.50 GBX top (major area) / 909 and 910.20 minor day channels also 910.20 and 911 day top and 911.40 GBX top (very major area) / 913 weekly gap and 914.50 day top (very major area) / 921 day top (major) / 924 and 927 day tops (major area) / 934.50 day gap and 935.30 weekly closing price also 935 and 937 major day channels (very major area).

Support: For the March contract -

882 and 881 base also 881 newly developed major day channel and 879.50 minor day channel and 878.80 day bottom (very major area) / 870 weekly bottom (very major) / 866 weekly bottom (major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

Comments:


    The sell-off on Thursday brought prices down to a very critical support area. A trade below 881 - 878.80 area can bring prices down to challenge the 870 and 866 bottoms and possibly near the 860.50, 50% retracement area. A trade above 898.50 - 900 area is slightly bullish and can challenge the 909 - 913 area. A trade above 914.50 will reverse the momentum for prices to challenge the 927 top and 934.50 day gap. Remain defensive inside the 898.50 - 881 trading range. NOTE: A close on Friday above 890.60 is neutral to bullish for next week and a close below 890.60 is neutral to bearish for next week.



Day trades: For the March contract -

Aggressive traders can sell rallies near 892 - 894 area for obj. near 888 and possibly near 886. (Use a protective buy stop at 896. Do not rev. long). (Aggressive traders can use a buy stop and rev. long at 903.80).

Aggressive traders can sell rallies near 898 - 900 area for obj. near 894.50 and possibly near 891. (Use a buy stop and rev. long at 903.80).

Aggressive traders can buy dips near 884 - 882 area for obj. near 889 and possibly near 891. (Use a sell stop and rev. short at 876).

Buy stop at 903.80 for obj. near 908 - 910 area and possibly near 913 gap.

Buy stop at 917.50 for obj. near 921 - 923 area.

Buy stop at 930.20 for obj. near 934 - 935 area.

Sell stop at 876 for obj. near 873 - 870 area.

Sell stop at 867.80 for obj. near 862.10 gap and possibly near 860.

Sell stop at 854 for obj. near 845 - 840.80 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 12/20/02 (12:19 pm est)

For new subscribers - The short position was taken at 892 and completed with the sell-off to 889. The trade could have been repeated for the second time, which was a higher risk, but proved to be successful when it sold off to the 889.50 again. NOTE: It is not recommended to repeat this trade again. The risk is now a 50/50 shot, which is out of the question for my money. I hope this explanation helps.

Bulletin - Originally sent 12/20/02 (12:57 pm est)

The rally up to 897.20 put traders into short positions. The sell-off down to 895 is near enough to the 894.50 obj. to complete the trade.
Results:    12/20/02

Sold @ 892            Bought @ 889           = + $   750.00

Sold @ 897            Bought @ 895           = + $   500.00

TOTAL (P & L)                                            + $1,250.00

The week in review - 12/23/02 - 12/24/02

The Tech Guru's S & P Day Trading Recommendations

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 12-23-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

897.20 and 899.50 day tops (major area) / 902 day gap and 903.50 GBX top and minor day channel (major area) / 905.20 and 906.30 minor day channels also 906.30, 906.50 and 906.90 intra-day peaks (very major area) / 908.50 and 910 minor day channels also 910.20 and 911 day tops and 911.40 GBX weekly top (major area) / 912 weekly top and 913 weekly gap also 914.50 day top and 917.70 GBX weekly top (very major area) / 921 day top (major) / 924.50 and 927.20 day tops (major area) / 934.50 day top and 935.30 weekly closing price also 934 and 936 major day channels and 936.70 major weekly channel (very major area) / 941 minor day channel also 941 weekly channel (very major area).

Support: For the March contract -

893 intra-day channel also 890.60 rev. channel and 889.90 newly developed day channel also 890 base and 889 day bottom (very major area) / 884.80 day gap and 884.40 weekly channel also 884 GBX bottom (very major area) / 880.60 minor weekly channel and 879.50 minor day channel also 878.80 weekly bottom (very major area) / 870 weekly bottom (major) / 866 weekly bottom (very major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

Comments:


   The rally on Friday managed to close above the 890.60 weekly channel, leaving the chart in neutral to slightly bullish condition. A trade above the 905.20 - 906.90 area can prove to be bullish enough to bring prices up to challenge the 927 weekly top and 936.70 major weekly channel. A trade below 890.60 - 889.90 area is slightly bearish but only a trade below 884.40 and also below 880.60 and 879.50 will fail the major support for lower prices. Remain defensive inside the 906.90 - 889.90 trading range.



Day trades: For the March contract -

Aggressive traders can buy dips near 893 - 889.90 area for obj. near 897 - 899 area and possibly near the 902 day gap. (Use a sell stop and rev. short at 886.50).

Aggressive traders can sell rallies near 905 - 906 area for obj. near 902 - 900 area. (Use a buy stop and rev long at 918). (Conservative traders can use a protective buy stop at 907.70. Do not rev. long). NOTE: The 911.40 to 914.50 is still considered a selling area for short positions.

Buy stop at 918 for obj. near 921 - 923 area.

Buy stop at 930.20 for obj. near 934.50 gap area and possibly near 936.80 major weekly channel.

Sell stop at 886.50 for obj. near 884 gap and possibly near 881 - 880 area.

Sell stop at 876 for obj. near 872 - 870 bottom area.

Sell stop at 868.70 for obj. near 866 - 862.10 gap area.

Sell stop at 854 for obj. near 845 - 842.50 area and possibly near the 840.80 gap.

* 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 12/23/02 (9:51 am est)

Long positions were taken at 891.50. The rally up to 895.50 is showing resistance for long positions to exit and take profits instead of waiting for the 897 obj.
Results:    12/23/02

Bought @ 891.50                Sold @ 895.50            = + $1,000.00     sold as per bulletin

TOTAL (P & L)                                                         + $1,000.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 12-24-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

898.60 weekly developed day channel and intra-day channel also 899 double intra-day peak and 899.70 minor day channel (major area) / 902 day top and 903.50 GBX top also 903.50 minor day channel (major area) / 906.50 and 906.90 double peaks also 908 and 909.80 minor day channels (very major area) / 910.20 and 911 day tops also 911.40 GBX weekly top (major area) / 913 weekly gap and 914.50 day top also 917.70 GBX weekly top (very major area) / 921 day top (major) / 924.50 and 927.20 day tops (major area) / 932.50 and 935 major day channels also 934.50 day gap and 935.30 weekly closing price (very major area) / 940 minor day channel and 941 weekly channel (very major area).

Support: For the March contract -

894.40 minor channel with GBX prices (major) / 890.60 rev. weekly channel also 890.50 and 889 day bottoms (very major area) / 884.80 day gap and 884 GBX bottom (major area) / 880.60 minor weekly channel and 879.70 minor day channel also 878.80 weekly bottom (very major area) / 870 weekly bottom (major) / 866 weekly bottom (very major) / 862.10 day gap also 860.50 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

Comments:


    The whiplashing action on Monday managed to stay inside the neutral trading range with no direction in sight. A trade today above 899.70 and 903.50 is slightly bullish but a trade above the 910.20 - 914.50 area can bring prices up to challenge the 927.20 top and 934.50 gap area. A trade today below 890.50 - 889 is slightly bearish but a trade below 880.60 - 878.80 area can bring prices down to challenge the 870 and 866 weekly bottoms and possibly near the 860.50, which is the 50% retracement area. Remain defensive inside today's narrow neutral range between 899.70 - 890.50 area.



Day trades: For the March contract -

Aggressive traders can buy dips near 894.50 - 891.50 area for obj. near 898 - 899.50 area. (Use a sell stop and rev. short at 887.50).

Aggressive traders can buy dips near 882 - 879.50 area for obj. near 887 - 889 area and possibly near 890. (Use a sell stop and rev. short at 876).

Sell stop at 887.50 for obj. near 884 and possibly near 882 - 880.60 area.

Sell stop at 876 for obj. near 872 - 870 bottom area.

Sell stop at 868.70 for obj. near 866 - 862.10 area.

Buy stop at 904.50 for obj. near 906.50 - 908 area.

Buy stop at 918 for obj. near 921 - 923 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:    12/24/02

Bought @ 893                Sold @ 891.50         = - $   375.00

TOTAL (P & L)                                                 - $   375.00

The week in review - 12/30/02 - 01/03/03

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 12-30-02 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

875.20 peak and intra-day channel also 876.30 and 877.30 peak (major area) / 879.70 day channel with GBX prices also 879.80 and 880.80 peaks (very major area) / 883 and 885 peaks also 886.20 weekly channel (very major area) / 888.50 peak and 889.80 day top also 890.80 day gap and 891.50 GBX top (major area) / 894.60 minor weekly channel and 895.70 peak (very major area) / 900 and 900.50 peaks also 900.60 minor weekly channel with GBX prices and 901 daily channel and 903.30 weekly top (very major area) / 906 and 908 minor day channels (major area) / 910.20 day top and 911.40 weekly top with GBX prices also 912 weekly top and 913 weekly gap (very major area) / 917.70 GBX weekly top (major) / 921 day top (major) / 924.50 and 927.20 day tops (major area) / 930.80 major weekly channel (very major area).

Support: For the March contract -

870.50 minor down channel also 870.50 weekly bottom and 870 weekly bottom on the March contract (very major area) / 866 weekly bottom and 866.20 minor down channel (very major area) / 862.10 day gap and 860 is the 50% retracement area and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap (very major area).

The sell-off on Friday brought prices down to the very major support area that, even with the bearish condition, can still stimulate rallies. A trade above 879.70 can bring prices up to challenge the 886.20 weekly channel. A trade above 886.20 is slightly bullish for prices to challenge the 894.60 and 900.60 weekly channels. A trade below 870 can bring prices down to challenge the 866 bottom and 860.50 area, which is the major 50% retracement area. Remain defensive inside the 879.60 and 870 neutral range.



Day trades: For the March contract -

Aggressive traders can sell rallies near 875 - 879 area for obj. near 872 and possibly near 870.50. (Use a buy stop and rev. long at 881.70).

Aggressive traders can buy dips near 872 - 870.50 for obj. near 875 and possibly near 877 - 879 area. (Use a sell stop and rev. short at 867.80).

Aggressive traders can attempt short positions near 885 - 886 area for obj. near 882 - 880 area. (Use a protective buy stop at 889.90. Do not rev. long).

Sell stop at 867.80 for obj. near 866 - 862.10 area and possibly near 860.50.

Sell stop at 854 for obj. near 846 - 842 area.

Buy stop at 881.70 for obj. near 885 - 886 area.

Buy stop at 896 for obj. near 900 - 901 area and possibly near 903.

Buy stop at 904 for obj. near 906 - 908 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 12/30/02 (9:44 am est)

In the first trade, use a buy stop and rev. long at 881.70, instead of just a protective buy stop. The obj. for the buy stop at 881.70 if hit will be near 885 - 886 area.
Bulletin - Originally sent 12/30/02 (10:01 am est)

The market is showing support at the 873.50 area. It is recommended to exit the short position taken from the first trade at 885.50 and take profits.
Results:    12/30/02

Sold @ 875.50        Bought @ 872 50      = + $ 750.00

Bought @ 872         Sold @ 875              = + $ 750.00

TOTAL (P & L)                                          + $1,500.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 12-31-02 :  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 March contract -

880.10 intra-day gap and 880.50 channel also 881.50 day top (major area) / 883 and 885 peaks also 886.20 weekly channel (very major area) / 888.50 peak and 889.80 day top also 891.50 GBX top (major area) / 894.60 minor weekly channel also 895 day channel and 895.70 peak (very major area) / 900 and 900.50 peaks also 900.60 minor weekly channel with GBX prices and 900.50 minor day channel and 903.30 weekly top (very major area) / 910.20 day top and 911.40 weekly top with GBX prices also 912 weekly top and 913 weekly gap (very major area) / 917.70 GBX weekly top (major) / 921 day top (major) / 924.50 and 927.20 day tops (major area) / 930.80 major weekly channel (very major area).

Support: For the March contract -

875.50, 873.80 and 872.70 base areas also 873.20 rev. channel (major area) / 870.80 newly developed day channel also 869.10 day bottom (very major area) / 867.70 down channel and 866 weekly bottom (very major area) / 862.10 day gap and 860.50 is the 50% retracement area also 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap also 837.90 weekly closing price (very major area) / 827.90 weekly bottom (very major).

Comments:

    The whiplashing action on Monday remained inside the neutral range. The market closed up for the day removing some of the bearish condition from the chart, leaving it neutral. A trade above 881.50 is slightly bullish and can bring prices up to challenge the 886.20 resistance and possibly near the 894.60 area. A trade above 900 - 903.30 area will be considered a breakout for prices to possibly challenge as high as the 930.80 weekly channel. A trade below 870.80 - 869.10 area is slightly bearish but a trade below 857 can bring prices down to challenge the 840.60 gap area. Remain defensive inside the narrow 879 - 870.80 neutral trading range.



Day trades: For the March contract -

Aggressive traders can sell rallies near 877 - 879 or buy dips near 875 - 873 area, whichever side comes first to complete the trade. (Use a buy stop and rev. long at 883.20). (Use a sell stop and rev. short at 868.80).

Aggressive traders can sell rallies near 894 - 895 area for obj. near 891 - 889 area. (Use a protective buy stop at 897.20. Do not rev. long).

Aggressive traders can sell rallies near 900 - 901 area for obj. near 896 - 895 area. (Use a buy stop and rev. long at 904.70).

Aggressive traders can attempt long positions near 866 - 962 area for obj. near 970 and possibly near 875. (Use a sell stop and rev. short at 854).

Buy stop at 883.20 for obj. near 885.50 - 886.20 area.

Buy stop at 904.70 for obj. near 908 - 910 area.

Sell stop at 868.80 for obj. near 866 - 862 area.

Sell stop at 854 for obj. near 845 - 843 area and possibly near 840.80 gap.

* 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 12/31/02 (10:01 am est)

Long positions were taken at 875.80 area and met the obj. at 877.80 to complete the trade. The market is showing support in this area. Traders that are holding short positions should exit at the market and scratch the trade. The market is trading at 877 at this time.
Bulletin - Originally sent 12/31/02 (10:06 am est)

Just as the first bulletin was being sent, the market had sold off down to the obj. at 875 to complete the short positions that were taken between 877 and 879 area. This trade has been repeated twice and is considered a high risk to repeat it again. The results will show both the sell and buy areas to prove that the neutral range was covered to both sides.
Bulletin - Originally sent 12/31/02 (10:46 am est)

Short positions were taken from the sell-stop at 868.80. The market should have continued down to the obj. but failed to do so. The market is trading at 870 and showing support at this level. It is recommended for all short positions to exit at the market and cut losses. There is still a possibility for rallies to develop from this support area.
Results:    12/31/02

Bought @ 875.80    Sold @ 877.80       = + $  500.00

Sold @ 877.80        Bought @ 875       = + $  700.00

Sold @ 868.80        Bought @ 870       = - $ 300.00     bought as per bulletin

Bought @ 870         Sold @ 879          = + $2,250.00     bought as per bulletin

TOTAL (P & L)                                       + $3.150.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 01-02-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

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

Resistance: For the March contract -

881 and 881.50 day tops (major area) / 885 intra-day peak and 886.20 weekly channel (very major area) / 888.50 peak and 889.80 day top also 889.30 day channel and 890.80 day gap and 891.50 GBX top (very major area) / 889.80 minor day channel and 900.60 minor weekly channel with GBX prices also 900 and 900.50 peaks and 903.30 weekly top (very major area) / 910.20 day top and 911.40 weekly top with GBX prices also 912 weekly top and 913 weekly gap (very major area) / 917.70 GBX weekly top (major) / 921 day top (major) / 923.50 and 926.50 day channel also 924.50 and 927.20 day tops (very major area) / 930.80 major weekly channel (very major area).

Support: For the March contract -

877.50 intra-day channel also 876.50 and 875.70 base (major area) / 873.50 base and 871.60 newly developed day channel (very major area) / 868.20 day bottom and 866 weekly bottom (very major area) / 862.10 day gap and 860.50 is the 50% retracement area also 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap also 837.90 weekly closing price (very major area) / 827.90 weekly bottom (very major).

Comments:

    The recovery rally on Tuesday from the support area managed to close the market up for the second day in a row. This removes the bearishness from the chart and leaves it totally neutral between 899 and 871.60. A trade above 886.20 - 889 area is slightly bullish but a trade above 899 - 900.60 will be considered a breakout for prices to challenge the 912 top area and possibly near 930.80. A trade today below 871.60 - 868.20 can bring prices down to challenge the 862.10 - 857 area and possibly near the 840.80 gap. Remain defensive inside the 889 - 875 first neutral trading area.



Day trades: For the March contract -

Aggressive traders can sell rallies near 887 - 889 area for obj. near 878 - 875. (Use a buy stop and rev. long at 892).

Aggressive traders can buy dips near 878 - 875 area and if possible near 872 for obj. near 884 - 887 area. (Use a sell stop and rev. short at 865).

Aggressive traders can sell rallies near 897 - 899 area for obj. near 894 - 893 area and possibly near 889. (Use a buy stop and rev. long at 904.20).

Buy stop at 892 for obj. near 897 - 899.

Buy stop at 904.20 for obj. near 908 - 911 area.

Buy stop at 914.70 for obj. near 917.70 - 921 area.

Sell stop at 865 for obj. near 862.10 - 860.50 area.

Sell stop at 854 for obj. near 847 - 842 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 01/02/03 (10:13 am est)

Short positions were taken at 888 and the double bottom at 882.70 - 883 proved to show support where all short positions took profits instead of waiting for the 878 obj. area.

The buy stop at 892 was hit for an obj. near 897, which will complete the second trade.

Bulletin - Originally sent 01/02/03 (10:19 am est)

The rally up to 896.50 is near enough to the 897 for long positions to take profits and complete the trade.

Bulletin - Originally sent 01/02/03 (1:33 pm est)

Short positions were taken at 897 - 899 area. The market failed to reach the obj. and almost hit the buy stop at 904.20. At this time the market is showing support at the 900 area.

It is recommended for traders to exit the short position at the market and cut losses. The market is trading at 901 at this time.

Bulletin - Originally sent 01/02/03 (2:48 pm est)

The buy stop was hit at 904.20 putting traders into long positions. The market is showing resistance at the 905 area and can possibly fail to meet the obj. at 908. It is recommended for traders to exit the long position at the 903 - 904 area and scratch the trade. The market is trading at 904 at this time.
Results:    01/02/03

Sold @ 888              Bought @ 883      = + $1,250.00

Bought @ 892          Sold @ 896.50       = + $1,250.00

Sold @ 897              Bought @ 901       = - $1,000.00     bought as per bulletin

Bought @ 904.20      Sold @ 904           = - $    50.00

TOTAL (P & L)                                         + $1,325.00

   thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

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

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

Resistance: For the March contract -

908.10 newly developed day channel also 910 and 910.20 day tops (major area) / 911.40 weekly top with GBX prices also 912 weekly top and 913 weekly gap (very major area) / 917.70 GBX weekly top (major) / 921 day top and 922 major day channel (very major area) / 924.50 and 927.20 day tops also 925.50 day channel (major area) / 930.80 major weekly channel (very major area) / 933.50 day channel and 934.50 day gap also 935.30 weekly and monthly closing price (very major area) / 939.60 and 940.50 day tops (major area) / 944 minor day channel (major) / 949 minor day channel (very major) / 953.50 March contract's weekly top and 954.80 major weekly top (very major area).

Support: For the March contract -

906.70 and 906.50 base also 905.20 intra-day channel and 905 base (major area) / 902.70 and 900.50 intra-day base (major area) / 897.80 and 897.50 base also 895.70 base (major area) / 891.50 base and 890 day channel (very major area) / 886 intra-day channel (major) / 882.70 day bottom and 881.50 rev. peak also 878.90 day gap (major area) / 873.40 newly developed major day channel also 871.80 weekly closing price (very major area) / 868.20 day bottom and 866 weekly bottom (very major area) / 862.10 day gap and 857 day bottom (very major area).

Comments:

    The breakout rally on Thursday put the chart in bullish territory but is now facing major resistance at 912 - 913 area and also at 922 that could possibly hold back further rallies for a while. A trade above 922 is bullish and a trade above 930.80 will be considered a major breakout for higher prices to follow. A trade below 902.70 - 900.50 area is slightly bearish but only a trade below 890 can bring any solid bearishness back to the chart. Remain defensive inside the wide 922 - 890 major trading area.



Day trades: For the March contract -

Aggressive traders can sell rallies near 907.50 - 910 and if possible near 912 for obj. near 905.50 and possibly near 902.70. (Use a buy stop and rev. long at 914.70).

Aggressive traders can buy dips near 905 - 902.70 for obj. near 907.50 - 908 area and possibly near 910 - 912 area. (Use a sell stop and rev. short at 899.80).

Aggressive traders can buy dips near 892.50 - 890 area for obj. near 898 - 900 area. (Use a sell stop and rev. short at 885.70).

Buy stop at 914.70 for obj. near 917.70 and possibly near 921 - 922 area.

Buy stop at 923.70 for obj. near 926 - 928 area and possibly near 930.80.

Sell stop at 899.80 for obj. near 892.50 - 890 area.

Sell stop at 885.70 for obj. near 882.70 bottom to 878.90 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.

Results:    01/03/03

Sold @ 906.50            Bought @ 905      = + $   375.00

Bought @ 905            Sold @ 907.50       = + $   625.00

Sold @ 907.50            Bought @ 905.50   = + $   500.00

Bought @ 904            Sold @ 907.50       = + $   875.00

Sold @ 910               Bought @ 904        = + $1,500.00

TOTAL (P & L)                                           + $3,875.00

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

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

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