Mohan 12/05/04
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Mohan 12/05/04
Market Force is Mixed. Double sided call today. If we get an early, fast drop then this is expected to be bullish for the markets. An early rally move that hangs up near the highs is expected to be bearish for the markets today. Very good chance of a large rally soon.
Trade Setup Summary for Tuesday, May 11, 2004:
1)S@1091.00/B@1094.50 -3.50
2)S@1093.75/B@1089.00 +4.75
TOTAL: +1.25
Recap of Tuesday's Action:
Good Morning. The action that we called for in our Headline Call and our Briefing went according to plan almost exactly. The early +6 pt. gap up got us short a bit too early but we re-entered later and came out ahead. Tricky day on Tuesday and same expected today. Use extra caution in your trades today. The Market Force is mixed and we are expecting a big move either way. Most indicators favor a large up move.
Here are my closing Market Wrap Up comments from our Live Update Service on Tuesday.
"Our plan today in accordance with our Headline Call and Market Force indicators was to see an early rally, find prices hanging up at the highs until 2 hours or so into the trading day, and then fall off later in the session.
This is essentially what happened today with the early strength and the later drop off of the highs from 1095.00 to 1088.00.
We got short a bit early when certain indicators were telling me prices could unwind earlier due to the large gap up and follow through rally. Had we got a flat opening I probably would have waited a bit longer.
Anyway, we recommended a short and our official price we showed at 1091.00 got covered at 1094.50 on a run to new highs for a -3.50 loss. I wrote a special post in the live briefings today about stops like this and re-entries which is very important for everyone to read.
We re-entered short later at 1093.75 as our indicators suggested we would not be popping above 1095 at that time. Prices gradually eroded as we had been narrating and we got the move down to the Hour One low at 1088.00.
On the 3rd stab down to that zone we put out an alert to cover the short and I showed fills in the 1088.75 to 1089.50 zone of which we used 1089.00 as our official fill for a +4.75 profit on that trade.
Prices immediately took off upside after we covered and the trade strategy, the trade itself and the covering spot ended up very precise with us shorting 1.25 from the Highs and covering 1.25 from the lows."
Today's Call & Briefing:
Today is going to be an odd mix of indicators I expect. Our Headline Call and Market Force indicators are a mixed bag.
There is a very strong case to make for a big rally today to open up the new Buy Mode. All the cards are in place for that.
However, how does that occur when this oddball so-called Iraq War is going on with (first time in history) public reports and proof of disgusting treatment of prisoners by the US and Iraq fighters publicly decapitating an American who was not even a soldier. How could this be Bullish in any way?
Well, leave it up to the numbers and the underlying Market Force and ironically we may just get that action as the stock market "discounts" such atrocities....go figure the madness of all of that.
Anyway in a sane world we are watching for a FAST EARLY DROP TO BE BULLISH FOR THE MARKETS. IE: a flat to lower opening where prices run for the hills to the downside EARLY. This should set up a pattern for a bullish move later in the session.
On the Bearish side: Like Tuesday, if we get a flat to higher opening and a run up in prices that hangs up near the highs then we would expect a larger scale move down. That would make more "sense" in conjunction with the Bear Ugly news but in the current environment it is all convoluted. We just have to trade it as pros.
Watch the High Five for a Bullish Dow AND NAZ along with TRIN below .70 and VIX lower for a possible BreakOut buy. I know, I know....HOW? In this environment. I just crunch the numbers...no emotional or geo political calls as it's a WILD CARD. Our TCF2004 System and Methods WORK so we use them.
YOU CAN USE OUR SYSTEM AND METHODS NOW TOO Live Every Day on our new TCF Live with Mohan. JOIN US FOR A ONE WEEK FREE TRIAL and check out the action. Call (800) 806-4801 and ask our friendly representatives for a Free One Week Trial to TCF LIVE.
Value Area: 1,090.50 - 1,094.10
Trade holding above 1094.10 is bullish. Just like yesterday we hit the top of the Value Area around 1088.00 and they bounced right off of that. This is a mild bullish sign...a clue..that you learn to use to stack up with other clues we give you here on the Morning Call.
Buy Pivot Target: 1,088.50 - 1,089.50
We have the Buy Pivot Target today right at the same support spot as yesterday. Don't take a trade here necessarily but wait with us for the first hour to transpire and then compare the Hour One Low B/D with this number.
Factor in the -4.25 stop/pivot at 1084.25 for stronger support.
NOTICE: Did you see how our +4.25 over yesterday's Sell Pivot target at 1095.00 WAS THE EXACT HIGH? These numbers and methods I give you work so take advantage of them while our site is available to the public.
Sell Pivot Target: 1,095.50 - 1,094.50
Watch this area for Resistance and above at +4.25 1099.75 or essentially THE 1100.00 HANDLE. Should be big resistance or a big blow through number where we get going back over the 1100 handle again.
FIRST GOAL UP IS 1125.00. Would surprise most.
10 Day "Pit Bull" Moving Average: 1,108.10
If we can move above the 1100 handle then we may be on our way to the Pit Bull soon.
There would be a "Pit Stop" there for sure but climbing above that would get us ready to stretch up to reach our goal of 1125.00 first level up IF THE NEW BUY MODE OPENS UP.
The new Buy Mode is on the verge of opening up BUT HAS NOT DONE SO YET. A big rally today or tommorrow would do that. Lower prices simply means we are still in the bottoming process.
Pro Trader's Action
Today is going to be a bit more tricky and I won't mind standing aside if we don't get anything clear.
We don't want to trade just to trade HOWEVER the clear parameters have been outlined here today on this briefing.
If they run lower fast early...we are buyers.
If they run up first today and hang up near the highs we are Sellers IF THE HIGH FIVE IS NOT SETTING UP A BULLISH BREAKOUT.
I've described the setup for that and you can read more details in our TCF Trading Handbook.
All the best of luck and success today. Mohan
Trade Setup Summary for Tuesday, May 11, 2004:
1)S@1091.00/B@1094.50 -3.50
2)S@1093.75/B@1089.00 +4.75
TOTAL: +1.25
Recap of Tuesday's Action:
Good Morning. The action that we called for in our Headline Call and our Briefing went according to plan almost exactly. The early +6 pt. gap up got us short a bit too early but we re-entered later and came out ahead. Tricky day on Tuesday and same expected today. Use extra caution in your trades today. The Market Force is mixed and we are expecting a big move either way. Most indicators favor a large up move.
Here are my closing Market Wrap Up comments from our Live Update Service on Tuesday.
"Our plan today in accordance with our Headline Call and Market Force indicators was to see an early rally, find prices hanging up at the highs until 2 hours or so into the trading day, and then fall off later in the session.
This is essentially what happened today with the early strength and the later drop off of the highs from 1095.00 to 1088.00.
We got short a bit early when certain indicators were telling me prices could unwind earlier due to the large gap up and follow through rally. Had we got a flat opening I probably would have waited a bit longer.
Anyway, we recommended a short and our official price we showed at 1091.00 got covered at 1094.50 on a run to new highs for a -3.50 loss. I wrote a special post in the live briefings today about stops like this and re-entries which is very important for everyone to read.
We re-entered short later at 1093.75 as our indicators suggested we would not be popping above 1095 at that time. Prices gradually eroded as we had been narrating and we got the move down to the Hour One low at 1088.00.
On the 3rd stab down to that zone we put out an alert to cover the short and I showed fills in the 1088.75 to 1089.50 zone of which we used 1089.00 as our official fill for a +4.75 profit on that trade.
Prices immediately took off upside after we covered and the trade strategy, the trade itself and the covering spot ended up very precise with us shorting 1.25 from the Highs and covering 1.25 from the lows."
Today's Call & Briefing:
Today is going to be an odd mix of indicators I expect. Our Headline Call and Market Force indicators are a mixed bag.
There is a very strong case to make for a big rally today to open up the new Buy Mode. All the cards are in place for that.
However, how does that occur when this oddball so-called Iraq War is going on with (first time in history) public reports and proof of disgusting treatment of prisoners by the US and Iraq fighters publicly decapitating an American who was not even a soldier. How could this be Bullish in any way?
Well, leave it up to the numbers and the underlying Market Force and ironically we may just get that action as the stock market "discounts" such atrocities....go figure the madness of all of that.
Anyway in a sane world we are watching for a FAST EARLY DROP TO BE BULLISH FOR THE MARKETS. IE: a flat to lower opening where prices run for the hills to the downside EARLY. This should set up a pattern for a bullish move later in the session.
On the Bearish side: Like Tuesday, if we get a flat to higher opening and a run up in prices that hangs up near the highs then we would expect a larger scale move down. That would make more "sense" in conjunction with the Bear Ugly news but in the current environment it is all convoluted. We just have to trade it as pros.
Watch the High Five for a Bullish Dow AND NAZ along with TRIN below .70 and VIX lower for a possible BreakOut buy. I know, I know....HOW? In this environment. I just crunch the numbers...no emotional or geo political calls as it's a WILD CARD. Our TCF2004 System and Methods WORK so we use them.
YOU CAN USE OUR SYSTEM AND METHODS NOW TOO Live Every Day on our new TCF Live with Mohan. JOIN US FOR A ONE WEEK FREE TRIAL and check out the action. Call (800) 806-4801 and ask our friendly representatives for a Free One Week Trial to TCF LIVE.
Value Area: 1,090.50 - 1,094.10
Trade holding above 1094.10 is bullish. Just like yesterday we hit the top of the Value Area around 1088.00 and they bounced right off of that. This is a mild bullish sign...a clue..that you learn to use to stack up with other clues we give you here on the Morning Call.
Buy Pivot Target: 1,088.50 - 1,089.50
We have the Buy Pivot Target today right at the same support spot as yesterday. Don't take a trade here necessarily but wait with us for the first hour to transpire and then compare the Hour One Low B/D with this number.
Factor in the -4.25 stop/pivot at 1084.25 for stronger support.
NOTICE: Did you see how our +4.25 over yesterday's Sell Pivot target at 1095.00 WAS THE EXACT HIGH? These numbers and methods I give you work so take advantage of them while our site is available to the public.
Sell Pivot Target: 1,095.50 - 1,094.50
Watch this area for Resistance and above at +4.25 1099.75 or essentially THE 1100.00 HANDLE. Should be big resistance or a big blow through number where we get going back over the 1100 handle again.
FIRST GOAL UP IS 1125.00. Would surprise most.
10 Day "Pit Bull" Moving Average: 1,108.10
If we can move above the 1100 handle then we may be on our way to the Pit Bull soon.
There would be a "Pit Stop" there for sure but climbing above that would get us ready to stretch up to reach our goal of 1125.00 first level up IF THE NEW BUY MODE OPENS UP.
The new Buy Mode is on the verge of opening up BUT HAS NOT DONE SO YET. A big rally today or tommorrow would do that. Lower prices simply means we are still in the bottoming process.
Pro Trader's Action
Today is going to be a bit more tricky and I won't mind standing aside if we don't get anything clear.
We don't want to trade just to trade HOWEVER the clear parameters have been outlined here today on this briefing.
If they run lower fast early...we are buyers.
If they run up first today and hang up near the highs we are Sellers IF THE HIGH FIVE IS NOT SETTING UP A BULLISH BREAKOUT.
I've described the setup for that and you can read more details in our TCF Trading Handbook.
All the best of luck and success today. Mohan
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Abraço,
Dwer
There is a difference between knowing the path and walking the path
Dwer
There is a difference between knowing the path and walking the path
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