Portugal "ganhou" 220 mil carros. Veículos são cada vez mais velhos

[Dwer]

Primary Market Force: Buy Side... Favors buying lower drops off the open. Look for supporting High Five after first hour.

Trade Setup Summary for Friday, February 13, 2004:
No TCF Trade setups for Friday as there was no Headline Call.

Recap of Friday's Action:
Good Morning and welcome back from the weekend.

If you notice the Headline Call we are now changing our format slightly. Due to the radical changes in the market that have been experienced over the last several months since November and due to the low ranges and volatility shifts we are developing a new, clearer Headline Call format.

The new format will identify the primary Market Force that will be prevalent in the market the day of the Headline Call. There will also be a summary recommendation idea on what to look for to see support for that primary Market Force and the indications to look for if that Market Force direction will be neutralized.

With the small ranges and the urgent need to scalp small amounts of profit this will make the overall reading of the markets much easier for our subscribers.

The idea will be that you will know which side of the market that we will generally want to stay on and the symptoms of that directional force being neutralized and seeing pressure in the opposite direction. Normally this will be visible with the High Five and I will be giving you other ways of noticing this both with price levels and with the reaction to price movements around those levels.

The goal as an S&P500 trader is to always stay extremely flexible in our approach as the markets are totally independent and can do whatever they want.

There are so many examples of Black Box systems in our industry that have been washed away along with their followers by the markets going through regular and normal alterations and here at 21st Century Futures I'm a real and committed S&P500 trader that fully understands this having traded these S&P's for over 12 years now.

So watch our new Headline Call formula over the days and weeks which I think you will find very useful in your trading approach.

Today's Call & Briefing:
Overall today the Market Force has the strongest readings for an upside move. Ideally we would look for a flat to lower opening combined with a lower move to find support and start pushing higher.

We saw the BreakDown get hit on Friday and sell off substantially from there without any significant Bear Ugly news and that is why we are gradually re-tooling many of the ideas that you have become familiar with.

The markets have changed considerably and in order for our traders to make good money I am going to be introducing new ideas that will assist you capturing the safest and best profits out of the current small ranges we are experiencing.

As we discussed the week before last the Sell Market Force would go into ABERRATION if prices moved above 1142.00.

This had occured last week and we had noted that we would now begin to move higher most likely. That Sell Mode is still active but with the aberration usually those can take several weeks to run their course.

Notice how in the pullback on Friday the EXACT NUMBER OF 1142.00 WAS THE LOW. You can see from this how accurate our numbers are and how vital. Now the key is to watch for support to come in here or to see the Bears try and push it just a bit lower backing up against the PIT BULL AT 1139.20.

This area should be an ideal spot to get long today based on our other indicators and the chart setups using our 9/18 Moving average TCF setups we have introduced. There is also a Buy Pivot Target in this area and we will be looking at that to come in and provide double support.

Now if the High Five are looking pretty bleak (Bearish) then we may get a bit lower squashing but I am expecting these numbers to hold today. Get ready for some action down around those numbers to most likely be a buyer.

Value Area: 1,142.20 - 1,151.10
Here again we see this 1142.00 area coming in as the bottom of the Value Area which will also provide additional support for today.

Let's see if they can smoke em down there today in the opening half hour or so, find support and then take em back up. That would provide a nice trade for us.

Buy Pivot Target: 1,139.50 - 1,140.50
As mentioned above we have the Buy Pivot target here at the support level.

Let's see if the Stop/pivot holds at (-4.25) 1135.25 and if so we should be on our way higher today.

Sell Pivot Target: 1,154.25 - 1,153.25
There is strong upside resistance at 1153.00 right now which represents a key number in some intermediate downside selling pressure. So a trip back up to this number is probably in the cards today but is going to see some resistance.

Now if they push em up to 1153 FIRST off the opening half hour then we may want to be sellers FIRST as we look for our lower support before we become buyers for the overall days higher uptrend movement.

10 Day "Pit Bull" Moving Average: 1,139.20
As mentioned above, we have this strong support coming in here at 1139.00

If they blow through this number to the downside then look for 1135.25 to hold up the selling. Lower than that and the Sell Mode we are in kicks back in and the trip to 1121.00 would be the first goal lower.

Pro Trader's Action
Our new Headline Call formula should simplify things nicely for you as you use our daily Morning Call to organize your trades.

We have many traders from all walks of life including floor traders, hedge fund managers, brokers, and other professional traders. We also have a lot of beginners and new traders who are trying to get their feet wet in this business.

I am committed to all of the traders but our newsletter which was originally published as Day Traders Action catered to the professional trading community. Many of the ideas you have read about in our TCF Handbook and ideas you have heard here came from a the various briefings and reports we have done over the first year of publishing.

I am sure that the new Headline Call format and the many new ideas I will be introducing to you over the next month or so will be extremely valuable for you as we explore how to trade in the new market environment we are in.

The main key is to realize that you want to set your monthly income goals and then design your trading size around that goal or at least work towards that.

For example: If you want to make $10,000 dollars a month you need to accumulate 40 points trading with 5 Emini S&P500 contracts a month. Once you focus on how much you want to make and have the experience to know that you can accumulate those points then you can adjust accordingly.

40 points a month is only an average of 2 points each trading day. So as you discover how to accumulate that amount using our approach and learn how to handle the correct size needed to do that then you can create that income.

New traders first need to learn how to trade the S&P500 and that is going to take some time but we are committed to help you learn as quickly as possible by becoming a subscriber and learning our techniques.

We look forward to working with you in this exciting new year and also welcome your comments or questions so that I can post them in the Ask Mohan section.

All the best of luck and success today in the markets and I'll be in there too as always ...in the fastest game in town, The S&P500.

Mohan