Mohan 17/06/04
4 mensagens
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Agradeço
Mas é simplesmente uma forma de retribuir tudo o que aprendi neste fórum nestes anos.
Abraços,
PS: Parece que o sell mode que o Mohan andava a anunciar há dias finalmente chegou.
Abraços,
PS: Parece que o sell mode que o Mohan andava a anunciar há dias finalmente chegou.
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
-
- Mensagens: 3414
- Registado: 4/11/2002 23:16
Mohan 17/06/04
Market Force: Bearish/Neutral. Market is still pending decision to continue in the Sell Mode or move higher and throw the Sell Mode into Aberration. Continue to stay on the Sell side of the market.
Trade Setup Summary for Wednesday, June 16, 2004:
1)S@1030.75/ B@1034.25 -3.50
2) S@1033.75/B@1034.50 -.75
TOTAL: -4.25
Recap of Wednesday's Action:
Good Morning,
Our Headline Call on Wednesday was for Bearish Market Force and lower prices. We got a flat opening after a Sell off of higher numbers in Pre-Market but overall it was very tight range day trading in small range.
The small rallies kept getting hit to the downside of the lower range but neither bias had any big effect. We are still pending a re-commencement of the Sell Mode with prices trading below 1132.00.
Here are my Wrap Up comments from our Live Update Service.
"We came into the market early today on a special setup that I had recognized in my nightly calcultions.
We wanted to get short on a flat to higher opening. We got the flat opening and after prices pulled back a bit we went short looking for a stronger down day to occur.
We used a tight stop and when there was no response to the downside we cut the trade for a -3.50 loss. Shortly thereafter we wanted to enter short again and found the spot with a specific Trailblazer formation around 1133..75-34.00 area.
We held short and pressure was the the downside most of the early session with prices trying to reach the lows at 1130.00 but they could never quite punch em down there.
We waited all day gradually lowering our stop to just above our entry. Prices ended up pushing higher and we got out of the trade at 1134.50 for a -.75 loss.
The market really went nowhere today trading primarily in a small 3 point range."
Today's Call & Briefing:
There are a lot of economic reports coming out today including PPI, Philly Fed and Leading Indicators which are all important numbers. You can check our main website under the Section "Economic Calendar" for more details each trading day.
I don't hang my hat on these government indicators but they can be market moving events and right now we need some market moving events.
Wednesday was dead as a doornail in terms of range and volatility. Perhaps the slew of reports today will wake the market up some.
Our Market Force indicators are still bearish but with a Neutral reading because that is what is going on now...smack dab in the middle of neutral.
You can see the energy focused around this 1132.00 number I have been talking about for the last several sessions. Hows that for accuracy! It's like the market is reading our briefings.
1132.00 is just sticking like glue and we are waiting for prices to head LOWER to re-instate the Sell Mode we are in.
Often in a Market Force short term underlying mode we will get a small aberration and a counter move for a few days. What we are seeing now is a complete stalling of the entire process and neither continuation of the sell mode OR aberration are occuring.
What to do? Well, we just want to keep hitting the rallies on the Sell side and trying to pick up some points while at the same time not getting stopped out being too agressively short.
WATCH FOR TODAY: Watch for the possibility of a government report that is interpreted as bearish and sends the market running lower. Look for a Sell off on the BreakDown lows with a Mega Bearish High Five. This would be our first choice of events to watch for and trade.
Otherwise, UNLESS THE HIGH 5 IS MEGA BULLISH, keep hitting the Hour One highs with Trailblazer formations on the short side. Watch for the numbers above the Value Area top and Sell Pivot target to be coordinated with the Hour One high and watch the Trailblazer formations there.
IF YOU HAVEN'T ALREADY JOIN US ON OUR LIVE UPDATE SERVICE FOR A FREE ONE WEEK TRIAL. I am getting daily email comments on how much our live service is speeding up the learning curve of the serious S&P500 career students. The S&P500 can be one of the most treacherous trading vehicles but if you learn to trade with our methods you will learn how to profit, keep the stops tight, and how to get used to the pressure of being in this exciting game.
Value Area: 1,131.80 - 1,134.00
Watch for trade breaking above 1134.00 to pullback into the Value Area as a sign of weakness. Trade pushing below 1131.00 and holding lower is bearish.
Buy Pivot Target: 1,130.25 - 1,131.25
Watch this area once again for support but look for prices to start moving back into the 1120's with the Bearish Market Force kicking back in.
Sell Pivot Target: 1,135.50 - 1,134.50
Because of the tight range these Buy/Sell pivots are very close together.. Rely on the Hour One high and low today to formulate Selling or buying strategies. Watch 1138.75 as a higher resistance point.
10 Day "Pit Bull" Moving Average: 1,130.60
It appears that almost by default we are going to Crossover the Pit Bull as the 10 day moving average just keeps inching up. We are right near the Pit Bull now and expect a Crossover soon so we need to stay on the Sell Side of the market unless a clear aberration is created.
Pro Trader's Action
Just keep hitting the Sell Side today and see if we can get the downside going. Perhaps one of these reports today will inspire this and we want to be ready on the correct side. The primary reports come out BEFORE the market opens so the effects should be there on the open ...if any. If the market is stagnate again and we are just waiting between reports then we may stand aside and cut the risk.
NO HEADLINE CALL OR TRADE RECOMMENDATIONS ON FRIDAY'S OPTION EXPIRATION DAY.
Good luck today and I'll see you in the action....or at least I hope there is some. Mohan
Trade Setup Summary for Wednesday, June 16, 2004:
1)S@1030.75/ B@1034.25 -3.50
2) S@1033.75/B@1034.50 -.75
TOTAL: -4.25
Recap of Wednesday's Action:
Good Morning,
Our Headline Call on Wednesday was for Bearish Market Force and lower prices. We got a flat opening after a Sell off of higher numbers in Pre-Market but overall it was very tight range day trading in small range.
The small rallies kept getting hit to the downside of the lower range but neither bias had any big effect. We are still pending a re-commencement of the Sell Mode with prices trading below 1132.00.
Here are my Wrap Up comments from our Live Update Service.
"We came into the market early today on a special setup that I had recognized in my nightly calcultions.
We wanted to get short on a flat to higher opening. We got the flat opening and after prices pulled back a bit we went short looking for a stronger down day to occur.
We used a tight stop and when there was no response to the downside we cut the trade for a -3.50 loss. Shortly thereafter we wanted to enter short again and found the spot with a specific Trailblazer formation around 1133..75-34.00 area.
We held short and pressure was the the downside most of the early session with prices trying to reach the lows at 1130.00 but they could never quite punch em down there.
We waited all day gradually lowering our stop to just above our entry. Prices ended up pushing higher and we got out of the trade at 1134.50 for a -.75 loss.
The market really went nowhere today trading primarily in a small 3 point range."
Today's Call & Briefing:
There are a lot of economic reports coming out today including PPI, Philly Fed and Leading Indicators which are all important numbers. You can check our main website under the Section "Economic Calendar" for more details each trading day.
I don't hang my hat on these government indicators but they can be market moving events and right now we need some market moving events.
Wednesday was dead as a doornail in terms of range and volatility. Perhaps the slew of reports today will wake the market up some.
Our Market Force indicators are still bearish but with a Neutral reading because that is what is going on now...smack dab in the middle of neutral.
You can see the energy focused around this 1132.00 number I have been talking about for the last several sessions. Hows that for accuracy! It's like the market is reading our briefings.
1132.00 is just sticking like glue and we are waiting for prices to head LOWER to re-instate the Sell Mode we are in.
Often in a Market Force short term underlying mode we will get a small aberration and a counter move for a few days. What we are seeing now is a complete stalling of the entire process and neither continuation of the sell mode OR aberration are occuring.
What to do? Well, we just want to keep hitting the rallies on the Sell side and trying to pick up some points while at the same time not getting stopped out being too agressively short.
WATCH FOR TODAY: Watch for the possibility of a government report that is interpreted as bearish and sends the market running lower. Look for a Sell off on the BreakDown lows with a Mega Bearish High Five. This would be our first choice of events to watch for and trade.
Otherwise, UNLESS THE HIGH 5 IS MEGA BULLISH, keep hitting the Hour One highs with Trailblazer formations on the short side. Watch for the numbers above the Value Area top and Sell Pivot target to be coordinated with the Hour One high and watch the Trailblazer formations there.
IF YOU HAVEN'T ALREADY JOIN US ON OUR LIVE UPDATE SERVICE FOR A FREE ONE WEEK TRIAL. I am getting daily email comments on how much our live service is speeding up the learning curve of the serious S&P500 career students. The S&P500 can be one of the most treacherous trading vehicles but if you learn to trade with our methods you will learn how to profit, keep the stops tight, and how to get used to the pressure of being in this exciting game.
Value Area: 1,131.80 - 1,134.00
Watch for trade breaking above 1134.00 to pullback into the Value Area as a sign of weakness. Trade pushing below 1131.00 and holding lower is bearish.
Buy Pivot Target: 1,130.25 - 1,131.25
Watch this area once again for support but look for prices to start moving back into the 1120's with the Bearish Market Force kicking back in.
Sell Pivot Target: 1,135.50 - 1,134.50
Because of the tight range these Buy/Sell pivots are very close together.. Rely on the Hour One high and low today to formulate Selling or buying strategies. Watch 1138.75 as a higher resistance point.
10 Day "Pit Bull" Moving Average: 1,130.60
It appears that almost by default we are going to Crossover the Pit Bull as the 10 day moving average just keeps inching up. We are right near the Pit Bull now and expect a Crossover soon so we need to stay on the Sell Side of the market unless a clear aberration is created.
Pro Trader's Action
Just keep hitting the Sell Side today and see if we can get the downside going. Perhaps one of these reports today will inspire this and we want to be ready on the correct side. The primary reports come out BEFORE the market opens so the effects should be there on the open ...if any. If the market is stagnate again and we are just waiting between reports then we may stand aside and cut the risk.
NO HEADLINE CALL OR TRADE RECOMMENDATIONS ON FRIDAY'S OPTION EXPIRATION DAY.
Good luck today and I'll see you in the action....or at least I hope there is some. Mohan
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- Mohan 170604.PNG (40.22 KiB) Visualizado 245 vezes
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
-
- Mensagens: 3414
- Registado: 4/11/2002 23:16
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