Fisco continua a tributar mais-valias se a herança se mantiver indivisa

[Dwer]

Market Force: Bullish. Stay on the buy side of the market today either on early lower drops or on BreakOut moves above early highs.

Trade Setup Summary for Friday, July 23, 2004:
No Trade setups for Friday.

Recap of Friday's Action:
Good Morning. Hope you had a nice weekend and are ready for some trading action this week.

Our Headline Call for Friday read, "Neutral/Slightly Bullish. Expect the market to attempt to rally today, pull back off the highs and consolidate with a neutral day."

This is essentially what we got for most of the session with the market closing slightly below Mid range as planned. Because I saw this coming in the reading of my Market Force indicators it was easier to be willing to stand aside in the trade on Friday.

We basically saw what we expected would be a flat, small range trading day and called it a day early and as mentioned our Headline Call pretty much is what came to pass.

Today's Call & Briefing:
Today's call is Crystal Clear Bullish Market Force action and we want to be on the long side of the market today UNLESS the High Five are just clearly Mega Bearish.

What that means is that we are going to be looking to buy early drops that attempt to move below the Hour One lows after the first hour is complete.

We will also be on the lookout for a BreakOut Buy on the Hour One highs if that is which pivot gets hit first.

Again, as with either Hour One pivot hit we want to be sure that the overall High 5 is either just slightly bearish/neutral and has the potential to turn around OR we are alreay looking Bullish on most of those index readings.

The ideal situation would be if the bears try and push the market lower again after the first hour with the appearance of another negative day about to arrive that we will watch turn around on the long side.

Be a little more careful with the BreakOut Buy and just be sure if we that pivot first that the prices are hanging up near the upper third of the range and not pulling back too substantially. If that is the case we should be able to keep pressing higher today into the close.

Value Area: 1,086.00 - 1,091.60
1091.00 or higher will be the test today for being able to push higher. This is just near the top of the Value Area and as such will be a key number to watch for resistance to get taken out.

Buy Pivot Target: 1,081.00 - 1,082.00
Watch this area for a potential early buy after the first hour. We can compare this price with the Hour One low and see if we get a correlation.

There is a chance we may want to buy this early before the first hour is over.

Sell Pivot Target: 1,091.00 - 1,090.00
Here is that 1091.00 resistance/crossover number that we expect prices to move above and head back towards the first stronger resistance up there at 1101.00

10 Day "Pit Bull" Moving Average: 1,102.60
1101.00 mentioned above is first stronger resistance and you can see that is right below the Pit Bull here at 02.60. Watch for this zone to hold prices back for today if we can stretch up here.

Pro Trader's Action
The idea today is to catch a lower early drop to the 1081 area and see if they can breakout to the upside with 1101-02 coming in as resistance.

If this turns out to be the case then it should be a fairly simple plan.

The market being how it is likes to fool plans that are too simple so we will be careful if the Hour One High gets hit first. Just watch the High 5 and make sure they are going to turn around to the bullish side if they were bearish in the first hour.

I'll be on the live service early as it would be to our early advantage to try and buy the 1081-82 level if we take an early dive down there so join us early for that potential.

Look forward to seeing you in the action today. Mohan