Oeiras é onde os rendimentos são mais elevados. Disparidade salarial mantém-se na Grande Lisboa

[Dwer]

Market Force: Bearish. Be ready to Sell any early rallies this morning before the first hour is over. Expecting Sell off today.

Trade Setup Summary for Tuesday, June 15, 2004:
S@1134.50/B@1129.50 +5.00 pts.

Recap of Tuesday's Action:
Good Morning and thank you for joining with us today.

Tuesday turned out to be a very interesting day. The High 5 were screaming Bullish along with other indicators yet the market could not continue the rally and indeed sold off strongly later in the afternoon.

Today was a classic example of why and how year 2004 is entirely different from the trading patterns of 2003 and the methods we used then. A professional S&P500 trader has to be willing to adapt and change to the markets as THEY change. Of course, the first key is to have to ability to know HOW to change and adapt.

Here are my Wrap Up comments from our new Live Update Service.

"I wanted to be short on any early rallies after the first hour of trading today and we got our chance with the gapped up market and move above the open.

We got short at 1134.50 and saw prices pull back almost immediately after our entry signal towards 1132.00.

Gradually with an extremely bullish High 5 prices rose again and we had 1138.00 pegged as top side resistance.

Price ran right up to that exact number at one point later in the afternoon but held below 1137.00 giving us confidence to hold short for a later afternoon collapse we had been calling for.

We got that pullback later as prices dropped below 1135 and then hit the skids squashing through the open price area at 1132.00 and running down to 1128.50 on the lows which we had posted as our goal to cover the short.

As prices spiked lower I put out the live signal to cover em up and we got an average price on the recommendation of 1129.50 for +5.00 on the trade."

Today's Call & Briefing:
We are highly Bearish today and expecting the market to sell off.

Some days (like yesterday) the Market Force indicators will be looking for a counter move against the primary Market Force (like the neutral reading for consideration of the correctly predicted early rally).

Other days the indicators are clearly one sided like today.

Still it is important to note that as long as the market stays above 1131-32 then we are pending an Aberration on the Sell Mode we are in. If we can continue to hold below those numbers and indeed push lower then we should be on our way south.

If not and we are going into an Aberration on the Sell Mode (and hence a rally would occur) then we want to indentify that as soon as possible.

You can see from Tuesday's action that this is not always that easy to do. Many, many traders were convinced we were going higher yesterday.

WHAT TO WATCH FOR TODAY: On any higher opening and early push higher in prices I am going to be giving signals to go short near the Sell Pivot Target. I am going to be a bit more aggressive in looking to get short BEFORE the first hour is over looking for the BreakDown to get hit with selling and a general down day. Watch for clear Trailblazer formations moving up towards the Sell Pivot Target at 1137-38 area.

If we get squashed right off the open (would not be a surprise) then we can still be prepared to Sell the BreakDown and look for further downside. However, to pull that one off we would want to wait for the first hour to finish so we can calculate the best entry and stop placement.

Value Area: 1,132.60 - 1,135.80
Trade holding below 1132.00 should perpetuate the downside pressure.

This is below the Value Area and that would facilitate that action.

Buy Pivot Target: 1,128.75 - 1,129.75
Watch for initial support to come in here but then later to be taken out..

-4.25 stop/pivot is 1124.50 and we could see prices move below that too testing 1121.00.

Sell Pivot Target: 1,138.25 - 1,137.25
This is the area we want to try and hit em short early on a Trailblazer up to this area or slightly higher.

THOSE OF YOU ON OUR LIVE SERVICE BE READY TO TRADE EARLY OFF THE OPENING PERIOD POSSIBLY OR AT LEAST BEFORE THE FIRST HOUR IS OVER.

10 Day "Pit Bull" Moving Average: 1,129.40
We are closing in on the Pit Bull and things are set up right now for prices to blow through the Pit Bull to the downside.

If we get the right setup to go short and we are in ...then watch this area to be taken out after some support comes in. This is not far now below our 1132.00 number we need to hold under to continue the Sell Mode we are currently in.

The market is pending going into an Aberration on the Sell Mode but is struggling to do it now. Tuesday had all the ingredients to blow the roof off the highs and move back up towards 1145 and they fizzled out. The market is trying to tell us something that I expect today will be realized by a lot of bulls.

Pro Trader's Action
Don't mean to sound too overly bearish today but the Market Force indicators are suggesting that we are moving lower today.

There are lots of longer term bullish positions with stops to get cleaned out below 1129, 1125 and 1121.00 so we may see the market go down pick those off today.

Today showed higher volume on a generally Bearish Market Force off the early higher prices.

On a higher open and early rally today we should continue the pattern lower.

Let's see how they fly and try to have some fun trading them.

All the best of luck and success today....I'll see you in the action. Mohan