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S & P Day Traders
Instructions for trading
The Tech Guru Report:
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.
Regarding Bulletins:
Bulletins are periodically sent intra-day as a courtesy
and should not be taken as a responsibility of The Tech Guru.
These bulletins reflect changing market conditions or confirm when a buy
or sell stop was hit for subscribers to better understand the
report. This report is meant to be a guide to supplement a traders
own knowledge of the market.
For new subscribers: E-mini: The E-mini S & P and the S & P regular contract usually work just about tick per tick with each other. Sometimes, you will find the E-mini to produce a higher high or lower low from the big S & P of about 1/2 point to 1 point range, but the technicals should still remain the same. If you need any further information regarding the usage of this system, please feel free to call Roger at (540) 843-GURU anytime after 10:00 am est. The Monthly Review (6/28/04 - 7/23/04) - S & P day trade recommendations THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. Sample issue:
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Thursday 06-24-04: NOTE: After
each support and resistance listed will designate a
value - (very major) holds the highest importance,
then (major), (very significant), and (significant) is
of the least value. Very
aggressive trades - are trades that
are against the trend or a high dollar risk when wide
stops are used. "The
Golden Rule" - Do
not use a buy stop inside a sell area or a sell
stop inside a buy area. The word NEAR can
be 1/2 to 1 point from a price listed in any trade to
enter or complete a trade.
Special
instructions for using stops - All
stops listed are for the day session only.
Where stops ARE NOT mentioned, they should be placed
below the second support area listed or above
the second resistance area listed, or 22 points from
the (trade entry point), whichever is the
lesser amount. NOTE: The
first support area becomes the resistance
after the market trades through the second
support area listed. The first resistance
area becomes the support after the market
trades through the second resistance area
listed.
Resistance:
For the September
contract -
1145 newly developed day channel and 1145.50 monthly
channels also 1146.20 weekly top (very
major area) / 1148.10 Sept.
contract's weekly top and 1149.80 monthly channel (very
major area) / 1155.70 Sept.
contract's weekly closing price and 1158.80 GBX
weekly top also 1157.80 weekly chart's closing price
(major area) / 1160 weekly chart's
top and 1161.40 minor weekly channel also 1161.80
minor monthly channel (very
major area) / 1162.20 Sept.
contract's weekly top and 1163.50 weekly chart's top
(very major area)
/ 1167.80 weekly upper channel (major)
/ 1176.30 and 1177.30 minor monthly upper channels
also 1177 and 1178.50 monthly double top (very
major area) / 1189 and 1189.50
weekly double top (major area).
Support: For
the September contract -
1140.50 base (major) / 1138.50 day
channel and 1136.20 intra-day channel (very
major area) / 1134.80 and 1133.60
congestion base area (major area) /
1131 day bottom (major) / 1127 and
1126.90 day channels also 1126.50 base (very
major area) / 1124.70 minor day
channel and 1123.50 day bottom (major area)
/ 1122.70 weekly closing price and 1122 weekly
chart's bottom also 1121.80 weekly bottom (major
area) / 1120.50 day bottom and 1119.80
monthly closing price (major area)
/ 1114.30 day gap and 1112.50 weekly chart's bottom
also 1112 day bottom (major area) /
1109 day bottom (major) / 1104.50
rev. peak and 1104.40 long-term major day channel (very
major area) / 1101.60 long-term
major weekly channel and 1100.80 minor day channel (very
major area) / 1095.80 long-term
major monthly channel (very
major area).
Comments:
The follow through rally on
Wednesday brought prices up to the very major
resistance area that can prove to be significant
enough to put a lid on any further rallies for a
while. A trade above the 1145.50 major channel
is bullish and above the 1149.80 channel will be
considered a breakout and will bring the major
uptrend back into play for prices to challenge the
1163.50 and 1177 major top areas. A trade
today below 1136.20 is slightly bearish but only a
trade below the 1126.90 channel can bring any solid
bearishness back to the chart. Remain
defensive inside the first trading range between
1145.50 and 1138.50 area, and also between the major
trading range from 1149.80 to 1126.90 area.
Day
trades: For The September contract -
Aggressive traders can sell rallies
near 1145.50 - 1146.20 area for obj. near 1141.70 -
1140.50 area. (Use a protective buy stop at
1147. Do not rev. long). (Very
aggressive traders can use a buy stop and rev. long at
1152.80).
Aggressive traders can sell rallies
near 1148 - 1149.80 area for obj. near 1143 - 1141.70
area and possibly near 1138. (Use a buy stop and
rev. long at 1152.80).
Aggressive traders can buy dips near
1138.50 - 1136.20 area for obj. near 1140 - 1141.70
area. (Use a sell stop and rev. short at
1135.80).
Sell stop at 1135.80 for obj. near
1134.80 - 1133.60 area.
Sell stop at 1133 for obj. near
1131 bottom area.
Sell stop at 1129.90 for obj. near
1127.90 - 1126.20 area.
Buy stop at 1152.80 for obj. near
1154.80 - 1156.80 area.
NOTE:
All prices from 1157.80 to 1163.50 will be considered
resistance but short positions will not be taken until
a significant top formation can develop.
Bulletin - Originally sent 06/24/04 (9:48 am est)
The rally up to 1144.30 is near enough to
the 1145.50 sell area putting traders into short
positions. (Continue to use a protective buy stop at
1147). The obj. remains near 1141.70 - 1140.50.
Bulletin - Originally sent 06/24/04 (2:04 pm est)
Short positions were taken at 1144.30 and
at the double top at 1146.20. The sell off down to
1142.10 is near enough to the 1141.70 obj. and completes
the trade.
Results: 06/24/04
Actual letters from subscribers:
05-20-02
Dear Roger
Knizewski;
I've been
trading since 1983 as a program system
trader. During 2001 both my mechanical
systems blew apart and have been flat
since. That's when I started testing CTA's
and other "canned" computer
trading systems. I tried more Systems and
Advisors than I care to admit. Universally,
nothing has come close to my results trading
the TECH GURU's S&P500 Recommendations.
It's damn
refreshing to finally find an honest
profitable CTA! Thanks!
Respectfully,
Robert Paul
Prusinski, ATP, CFII
Franklin,
Wisconsin
PS: Feel free to
publish this and forward my email address
to anyone wishing an unbiased reference
about your work.
Roger
- Arthur in U.K. (6/4/02)Oh Great Guru,
Forgive me for ever having doubts!
Thanks for a nice profit. Short from 1352 out at
1338.
DG (1/17/01) Dear Tech Guru,
I am a new subscriber to your S&P daily
trading signals and I want you to know how fantastic it is working.
Yesterday you said to 'sell' the Dec. S&P at 1377-1378, the high
of the day was 1379!! You said to take profits at 1365 and
'sell short' again at 1359.40 on a stop and take profits at 1353.50,
which I did. Altogether I made $4,300 with the two S&P
trades!! And this is the third winning day in a row. I
have never seen such an accurate system. So far this week I
have made $8,850. The system is so easy to use. All I
have to do is place the orders and forget about it. I love it.
Keep up the good work.
Sincerely,
DT (12/7/00)
Roger, Congratulations on your analysis of the S & P. Best Regards
Harry
(7/31/01))
Hi Folks
Hope you are enjoying your summer. Regarding my
S&P subscription, please keep rolling it until I either quit
or die.
(If I get hit by a truck, I'll tell you.....) There
is no need to keep sending reminders.
Cheers
BS (8/1/01)
Nice call to sell the top. You are a genius. TC (12/11/01)
HELLO - I WAS JUST READING THE WEEKLY
REVIEW (2/4-2/8) AND YOUR COMMENTARIES SEEMED RIGHT ON THE MARK!
KEEP UP YOUR GOOD WORK.
Gary (2/08/02) I have been paper trading the
S&P for some time now on a daytrade basis, All I can Say is...WOW. WV (4/04/02) Good call today. that's what I like...you talk and the market listens. WV
(4/17/02) (4/25/02) Another good call, Roger. You da man!!! WV (4/25/02) Roger...I think you are a genius...I wish I had found your service months ago!! KA (5/12/04)
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