Mohan 30/09/04
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Mohan 30/09/04
Market Force: Neutral. Mystery day with Presidential Debate tonight. We are getting potential Crash Alert signals combined with potential for move higher into the last day of the month. Resistance in the zone of 1115-20.00.
Thursday, September 30, 2004
Prev Day - SP
Range: 8.10 Value Area
Range: 4.60 TCF Key Numbers for ES
1,118.00-1,117.00 Sell Pivot
1,116.50 Pit Bull MA
High 1,115.40
Close 1,115.20
1,112.60
1,109.75-1,110.75 Buy Pivot
Open 1,109.20
1,108.00
Low 1,107.30
Trade Setup Summary for Wednesday, September 29, 2004:
B@1110.75/S@1113.50... +2.75
Recap of Wednesday's Action:
Good Morning and welcome to Thursday's action.
Today could be a very quiet day in anticipation of the Presidential Debates or we could get some very strong moves as we head into the last day of the month. More on this below.
Wednesday showed some bullish bias as we had stated in our Headline Call but it was a challenge to stay long all day as weakness plagued the early and mid day rally attempts. This was also described on our Headline Call.
We changed stream on our Live Update Service from expecting the rally to fizzle out in the later session to looking for it to stick and move higher into the last minutes of trading.
Here are my Wrap Up comments for your analysis.
"Today we were looking for a more bullish type day but with Caution and hence the "Neutral" addition to the Headline Call.
Prices opened flat and pushed lower in the early session hitting 1107.25 on the lows. I got a signal from our Market Force Oscillator to go long near the 1110.75 level and we placed our stop initially at 1107.00 as this trade was intended to be a hold into the close type trade.
Gradually prices moved up with just a bit of pressure on our stop along the way hitting 1109.50 at one point but we held out and achieved our goal.
I had 1113.50 as a goal up then 1114.25, 1115.00 and then above that 1117.00. Prices had hit 1113.00 and pulled back strongly but then recovered into the last hour of trading.
As we hit 1114.25 it was about 15 minutes before the Dow close and there was some price congestion there so although we had wanted to wait into the last minute of trading I decided to pull the plug there and get out.
That trade produced a +2.75 gain getting filled around 1113.50.
Prices did indeed push up and hit 1115.50 going into the last 3-4 minutes of trading but we did fine in spite of things. On the next day that sets up like this that I can clearly recognize I think I will just move the stop up and hold into the final 1-2 minutes to squeeze out any extra point or 2 we can get."
Today's Call & Briefing:
Today is a Neutral Day on the Market Force indicators. I am not saying in the Headline we expect prices to necesarily go nowhere but neutral as far as determining a bias for today.
The big first Presidential debate gets started tonight at 9:00 est and this is the hot news. Many people are taking a serious interest in this presidential election because of all the controversial things that have occured. Behind the scenes of it all what most people fail to realize is the big secret and the reason for all that has gone on...we are running out of oil. If you only knew the facts associated with this in connection with 911/Iraq/"terrorism", and now Nigeria, it would all make more sense.
Anyway, from our perspective as intraday traders we have to take advantage of the markets no matter what happens. Today is a wild card and it is hard to actually make a recommendation for today.
2 important observations: I am getting CRASH ALERT SIGNALS for today but lately when I get these they are delayed by a day or so.
Today is scheduled to be a continued up day and being the last day of the month that would follow suit. This Crash Alert signal has me bothered about being too long today though.
Honestly, all we can do today is watch and see how the High 5 look after the first hour and lean towards the 1115.00-20.00 zone failing to hold prices up.
WATCH THE OPENING PRICE. This will be very, very important today for determining bias. Trade holding below opening has a good chance of seeing the Crash Alert signals kick in and create havoc.
My best intuition on this is that they will hold off on having any strong bias in the markets today and we may just have a quiet, Go-Nowhere day.
Value Area: 1,108.00 - 1,112.60
We are bullish above 1112.60. Holding below 1115.00 and then into the VA is a bearish sign.
Buy Pivot Target: 1,109.75 - 1,110.75
Support was strong here on Wednesday. If we are quiet today it is expected this zone will hold and we will trade between here and 1119.50.
If we get a Mega Bearish High 5 and hold below the opening we could have the Crash Alert kick in but I think that will be saved for Monday and we will have ONE MORE SLIGHTLY UP DAY today.
Sell Pivot Target: 1,118.00 - 1,117.00
This is resistance here. Stronger at 1119.70. Prices trading up here would be a slight move above the Pit Bull. If we pullback below 1116.50 then we are going lower.
Pit Bull may be a new "Line In the Sand" until something changes the scenery...like a clear, one sided Presidential debate winner.
10 Day "Pit Bull" Moving Average: 1,116.50
As mentioned above...possible "Line in the Sand" today if prices go quiet on us. Very good chance of a slow trading day today.
Pro Trader's Action
We gotta stay cool today and be willing to stand aside if things are quiet.
Yesterday was like this and was rough on the bears who kept trying to short, getting some confirmation, and then prices pressing higher and cleaning out their stops.
If today is questionable I will most likely be willing to stand aside and wait for Friday's response to react to.
JOIN US FOR A ONE WEEK FREE TRIAL TO OUR LIVE UPDATE SERVICE. In the last 9 sessions since I introduced the new Market Force Oscillator we are up about +18.00 points using very tight 2 pts. or less stops. I am just developing this new approach and our subscribers are quite thrilled. The past retooling is over and now we are moving into the future with this new approach that is designed to capture the intraday trends whether small or large.
Call (800) 806-4801 for your Free One Week trial.
All the best of success. Mohan
Thursday, September 30, 2004
Prev Day - SP
Range: 8.10 Value Area
Range: 4.60 TCF Key Numbers for ES
1,118.00-1,117.00 Sell Pivot
1,116.50 Pit Bull MA
High 1,115.40
Close 1,115.20
1,112.60
1,109.75-1,110.75 Buy Pivot
Open 1,109.20
1,108.00
Low 1,107.30
Trade Setup Summary for Wednesday, September 29, 2004:
B@1110.75/S@1113.50... +2.75
Recap of Wednesday's Action:
Good Morning and welcome to Thursday's action.
Today could be a very quiet day in anticipation of the Presidential Debates or we could get some very strong moves as we head into the last day of the month. More on this below.
Wednesday showed some bullish bias as we had stated in our Headline Call but it was a challenge to stay long all day as weakness plagued the early and mid day rally attempts. This was also described on our Headline Call.
We changed stream on our Live Update Service from expecting the rally to fizzle out in the later session to looking for it to stick and move higher into the last minutes of trading.
Here are my Wrap Up comments for your analysis.
"Today we were looking for a more bullish type day but with Caution and hence the "Neutral" addition to the Headline Call.
Prices opened flat and pushed lower in the early session hitting 1107.25 on the lows. I got a signal from our Market Force Oscillator to go long near the 1110.75 level and we placed our stop initially at 1107.00 as this trade was intended to be a hold into the close type trade.
Gradually prices moved up with just a bit of pressure on our stop along the way hitting 1109.50 at one point but we held out and achieved our goal.
I had 1113.50 as a goal up then 1114.25, 1115.00 and then above that 1117.00. Prices had hit 1113.00 and pulled back strongly but then recovered into the last hour of trading.
As we hit 1114.25 it was about 15 minutes before the Dow close and there was some price congestion there so although we had wanted to wait into the last minute of trading I decided to pull the plug there and get out.
That trade produced a +2.75 gain getting filled around 1113.50.
Prices did indeed push up and hit 1115.50 going into the last 3-4 minutes of trading but we did fine in spite of things. On the next day that sets up like this that I can clearly recognize I think I will just move the stop up and hold into the final 1-2 minutes to squeeze out any extra point or 2 we can get."
Today's Call & Briefing:
Today is a Neutral Day on the Market Force indicators. I am not saying in the Headline we expect prices to necesarily go nowhere but neutral as far as determining a bias for today.
The big first Presidential debate gets started tonight at 9:00 est and this is the hot news. Many people are taking a serious interest in this presidential election because of all the controversial things that have occured. Behind the scenes of it all what most people fail to realize is the big secret and the reason for all that has gone on...we are running out of oil. If you only knew the facts associated with this in connection with 911/Iraq/"terrorism", and now Nigeria, it would all make more sense.
Anyway, from our perspective as intraday traders we have to take advantage of the markets no matter what happens. Today is a wild card and it is hard to actually make a recommendation for today.
2 important observations: I am getting CRASH ALERT SIGNALS for today but lately when I get these they are delayed by a day or so.
Today is scheduled to be a continued up day and being the last day of the month that would follow suit. This Crash Alert signal has me bothered about being too long today though.
Honestly, all we can do today is watch and see how the High 5 look after the first hour and lean towards the 1115.00-20.00 zone failing to hold prices up.
WATCH THE OPENING PRICE. This will be very, very important today for determining bias. Trade holding below opening has a good chance of seeing the Crash Alert signals kick in and create havoc.
My best intuition on this is that they will hold off on having any strong bias in the markets today and we may just have a quiet, Go-Nowhere day.
Value Area: 1,108.00 - 1,112.60
We are bullish above 1112.60. Holding below 1115.00 and then into the VA is a bearish sign.
Buy Pivot Target: 1,109.75 - 1,110.75
Support was strong here on Wednesday. If we are quiet today it is expected this zone will hold and we will trade between here and 1119.50.
If we get a Mega Bearish High 5 and hold below the opening we could have the Crash Alert kick in but I think that will be saved for Monday and we will have ONE MORE SLIGHTLY UP DAY today.
Sell Pivot Target: 1,118.00 - 1,117.00
This is resistance here. Stronger at 1119.70. Prices trading up here would be a slight move above the Pit Bull. If we pullback below 1116.50 then we are going lower.
Pit Bull may be a new "Line In the Sand" until something changes the scenery...like a clear, one sided Presidential debate winner.
10 Day "Pit Bull" Moving Average: 1,116.50
As mentioned above...possible "Line in the Sand" today if prices go quiet on us. Very good chance of a slow trading day today.
Pro Trader's Action
We gotta stay cool today and be willing to stand aside if things are quiet.
Yesterday was like this and was rough on the bears who kept trying to short, getting some confirmation, and then prices pressing higher and cleaning out their stops.
If today is questionable I will most likely be willing to stand aside and wait for Friday's response to react to.
JOIN US FOR A ONE WEEK FREE TRIAL TO OUR LIVE UPDATE SERVICE. In the last 9 sessions since I introduced the new Market Force Oscillator we are up about +18.00 points using very tight 2 pts. or less stops. I am just developing this new approach and our subscribers are quite thrilled. The past retooling is over and now we are moving into the future with this new approach that is designed to capture the intraday trends whether small or large.
Call (800) 806-4801 for your Free One Week trial.
All the best of success. Mohan
Alex
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- Registado: 31/7/2003 17:41
- Localização: Lisboa
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