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Mohan 19/08/03
Continue to sell rallies. Market expected to pullback off of early highs.
Trade Setup Summary for Friday, August 15, 2003:
Sell 997.75-999.75/ Cover for -2 pt. loss or less. (Sell B/O +2-4 pts.)
Recap of Friday's Action:
Good Morning and thank you for joining us today.
On our Headline Call for Monday we were expecting a sell off from a higher opening and early run up in prices. The market opened higher and ran up with a mega bullish High Five and never pulled back off the early move up so our call did not pan out.
It was a very odd day in fact as we had seen the High Five become very strong but with the Dow up over +60 at the time of the BreakOut this would have disqualified a B/O Buy trade. I say odd because with the mega bullish High 5 I would have expected the short we put on to get stopped out on a larger scale move up.
Because of the bullish High Five we attempted a short 2-4 points higher above the B/O high which essentially went nowhere. So on both sides there was little action as the prices stalled in a 4-5 point range after the B/O occured with a total sleepy range of 8.30 pts.
The last 8 trading sessions have been plagued by extreme low ranges and that is why there are no TCF trade setups occuring with any juice to them recently. The daily range and associated volatility is the lifeblood of the S&P500 traders. No range means no strong trades to get involved in. Not much we or anyone can do about that. We just have to wait for the trading action to heat up.
So far for the month of August overall the TCF Trade setups are doing good with almost 40 accumulated points which would represent an up to 65% return or higher on invested margin. This is based on using 3000$ margin per Emini S&P500 contract. Some firms allow minimum margin as low as 1000$ to trade so this represents an even more substantial return. That's what I love about futures trading. When you get really good at following a proven system like our TCF approach you can get incredible return potential on actual money invested. Due to the risk however it is important to really learn how to trade the S&P500 to achieve these kinds of rewards and that is what we specialize doing here on these briefings.
If you are new to reading our daily Morning Call be sure to spend a few minutes reading our testimonials from floor traders, hedge fund managers, pro traders, and new traders on our Home page. Our subscription rate is the lowest in the industry at about 1$ a day for all the information we provide to assist you in getting on the right side of the market.
Today's Call & Briefing:
For today we are going to continue to look for lower prices off of any early rallies. The market may hold up one more day here but we are looking for a pullback anytime depending of course on how the traders react. If we find that the bears keep jumping all over the rallies then we will expect prices to keep moving up. This is the phenomena of fast speed, intra day trading with the S&P500. The more traders that pile on one side of the market the more force is created for the market to MOVE IN THE OPPOSITE DIRECTION and clean those traders positions out. The fact that this DID NOT OCCUR on Monday with all the chance in the world for it with the Mega bullish High Five tells me that we still have a good crack at some downside action today.
Like yesterday, we are going to hit the rallies for selling the BreakOut if that is the first Hour One pivot hit and be on the lookout for a Bear Ugly day with some bad news and a strong gap lower off the opening. Our TCF Market Force indicators are looking for a larger scale drop to occur but as you should be aware we are never stuck on any one side of the market. In fact, our Market Force indicators change almost daily to allow us to "turn on a dime" if we need to.
TCF TRADE SETUPS TO WATCH FOR TODAY: As mentioned above let's be on the lookout once again today for the possibility of a Bear Ugly trading day. This is described clearly in the Trading Handbook in great detail. Basically, we are looking for a Bear Ugly day to manifest when the market gaps lower on the open (usually by 5 handles or more or close to this) but mainly that there is some strong negative news associated with the drop lower. Once you see what a TRUE Bear Ugly day is you will understand what we are talking about. They are rare but when you see one you must first think ...Get Ready to Sell! I originally came up with the name because when you see a true Bear Ugly day you say to yourself, "Wow, this could get Ugly". Lately however, we have been discussing the occurance of "sneak down Bear Ugly" type days. This is where the market appears very weak but not totally Ugly. They just erode the prices all day as the High Five gradually become Bear Ugly later in the day. Don't concern over not being able to distinquish between the two as there usually is a TCF Trade setup that assists us in getting short. Just be on the lookout for this possibility today.
I also want to apply the same idea we did yesterday for Selling the Sell Pivot target. I will describe that below in that section.
There is ample concern for a selloff as the market was not only unable to rally inspite of a mega bullish High Five but also we saw +1000 TICKs banging away at the highs all day. We are currently in a contracted pattern but let's just stay the course and keep looking to hit rallys.
Value Area: 986.40 - 989.80
There was a problem getting the Data we needed today for this number so the VA shown may not be correct. We appologize for this and should have it corrected on tomorrows Morning Call.
Buy Pivot Target: 993.75 - 994.75
Watch this area to see if we trade through the -4.25 stop/pivot at 989.50. If so combined with a Bearish High Five we could get a reflex rally back to this pivot which would then activate a short sell at this price (-1.00 for early entry). Watch for this type of trade to occur off of this pivot today. If we get the expected sell off then we could run as low as the big 980.00 support area where we have the Pit Bull sitting today.
Sell Pivot Target: 1,002.00 - 1,001.00
No direct trade at this target today but watch for a similar setup as yesterday. We would look for the prices to move up towards the 1006.25 (the +4.25 stop/pivot area) and then pull back down to this Sell Pivot AFTER THE FIRST HOUR IS OVER. This would still consitute a Sell at this pivot but we are just taking the extra precaution to see how the prices react to the stop/pivot at 1006.25 first. If they hit this number and fall right back off of it near the open then that may be it for the highs of the day. We would just be looking at that point for another TCF Trade Setup to gain entry on the short side.
10 Day "Pit Bull" Moving Average: 980.00
As mentioned above, here is strong support but if our scenario pans out for lower prices we should visit this pretty quickly. If we do get in a Bear Ugly situation then look to hold short through this number as they run em lower still.
Pro Trader's Action
I am sticking with the Bearish side today again as more evidence sprung up with the rather weak ranges yesterday coupled with the mega bullish High Five. As mentioned we had TICKs banging up against +1000 during the day and this is a sign of a top coming in. Because we have been stuck in a particular type of LSS pattern we are expecting that when it lifts the downside should take precedence.
The setups I am stressing today are geared towards selling rallies but as you know if our TCF trade setups occur on the bullish side we are just as willing to take them. Due to the market getting stretched out now and a little tired we are expecting the push lower. Insider selling has doubled each week for the last 2 weeks in a row as discussed yesterday so that is also being considered. Was today rigged up so everyone could get their stock sold from the inside? That will remain to be seen.
Good luck with your trading today and all the best of success. Mohan
Trade Setup Summary for Friday, August 15, 2003:
Sell 997.75-999.75/ Cover for -2 pt. loss or less. (Sell B/O +2-4 pts.)
Recap of Friday's Action:
Good Morning and thank you for joining us today.
On our Headline Call for Monday we were expecting a sell off from a higher opening and early run up in prices. The market opened higher and ran up with a mega bullish High Five and never pulled back off the early move up so our call did not pan out.
It was a very odd day in fact as we had seen the High Five become very strong but with the Dow up over +60 at the time of the BreakOut this would have disqualified a B/O Buy trade. I say odd because with the mega bullish High 5 I would have expected the short we put on to get stopped out on a larger scale move up.
Because of the bullish High Five we attempted a short 2-4 points higher above the B/O high which essentially went nowhere. So on both sides there was little action as the prices stalled in a 4-5 point range after the B/O occured with a total sleepy range of 8.30 pts.
The last 8 trading sessions have been plagued by extreme low ranges and that is why there are no TCF trade setups occuring with any juice to them recently. The daily range and associated volatility is the lifeblood of the S&P500 traders. No range means no strong trades to get involved in. Not much we or anyone can do about that. We just have to wait for the trading action to heat up.
So far for the month of August overall the TCF Trade setups are doing good with almost 40 accumulated points which would represent an up to 65% return or higher on invested margin. This is based on using 3000$ margin per Emini S&P500 contract. Some firms allow minimum margin as low as 1000$ to trade so this represents an even more substantial return. That's what I love about futures trading. When you get really good at following a proven system like our TCF approach you can get incredible return potential on actual money invested. Due to the risk however it is important to really learn how to trade the S&P500 to achieve these kinds of rewards and that is what we specialize doing here on these briefings.
If you are new to reading our daily Morning Call be sure to spend a few minutes reading our testimonials from floor traders, hedge fund managers, pro traders, and new traders on our Home page. Our subscription rate is the lowest in the industry at about 1$ a day for all the information we provide to assist you in getting on the right side of the market.
Today's Call & Briefing:
For today we are going to continue to look for lower prices off of any early rallies. The market may hold up one more day here but we are looking for a pullback anytime depending of course on how the traders react. If we find that the bears keep jumping all over the rallies then we will expect prices to keep moving up. This is the phenomena of fast speed, intra day trading with the S&P500. The more traders that pile on one side of the market the more force is created for the market to MOVE IN THE OPPOSITE DIRECTION and clean those traders positions out. The fact that this DID NOT OCCUR on Monday with all the chance in the world for it with the Mega bullish High Five tells me that we still have a good crack at some downside action today.
Like yesterday, we are going to hit the rallies for selling the BreakOut if that is the first Hour One pivot hit and be on the lookout for a Bear Ugly day with some bad news and a strong gap lower off the opening. Our TCF Market Force indicators are looking for a larger scale drop to occur but as you should be aware we are never stuck on any one side of the market. In fact, our Market Force indicators change almost daily to allow us to "turn on a dime" if we need to.
TCF TRADE SETUPS TO WATCH FOR TODAY: As mentioned above let's be on the lookout once again today for the possibility of a Bear Ugly trading day. This is described clearly in the Trading Handbook in great detail. Basically, we are looking for a Bear Ugly day to manifest when the market gaps lower on the open (usually by 5 handles or more or close to this) but mainly that there is some strong negative news associated with the drop lower. Once you see what a TRUE Bear Ugly day is you will understand what we are talking about. They are rare but when you see one you must first think ...Get Ready to Sell! I originally came up with the name because when you see a true Bear Ugly day you say to yourself, "Wow, this could get Ugly". Lately however, we have been discussing the occurance of "sneak down Bear Ugly" type days. This is where the market appears very weak but not totally Ugly. They just erode the prices all day as the High Five gradually become Bear Ugly later in the day. Don't concern over not being able to distinquish between the two as there usually is a TCF Trade setup that assists us in getting short. Just be on the lookout for this possibility today.
I also want to apply the same idea we did yesterday for Selling the Sell Pivot target. I will describe that below in that section.
There is ample concern for a selloff as the market was not only unable to rally inspite of a mega bullish High Five but also we saw +1000 TICKs banging away at the highs all day. We are currently in a contracted pattern but let's just stay the course and keep looking to hit rallys.
Value Area: 986.40 - 989.80
There was a problem getting the Data we needed today for this number so the VA shown may not be correct. We appologize for this and should have it corrected on tomorrows Morning Call.
Buy Pivot Target: 993.75 - 994.75
Watch this area to see if we trade through the -4.25 stop/pivot at 989.50. If so combined with a Bearish High Five we could get a reflex rally back to this pivot which would then activate a short sell at this price (-1.00 for early entry). Watch for this type of trade to occur off of this pivot today. If we get the expected sell off then we could run as low as the big 980.00 support area where we have the Pit Bull sitting today.
Sell Pivot Target: 1,002.00 - 1,001.00
No direct trade at this target today but watch for a similar setup as yesterday. We would look for the prices to move up towards the 1006.25 (the +4.25 stop/pivot area) and then pull back down to this Sell Pivot AFTER THE FIRST HOUR IS OVER. This would still consitute a Sell at this pivot but we are just taking the extra precaution to see how the prices react to the stop/pivot at 1006.25 first. If they hit this number and fall right back off of it near the open then that may be it for the highs of the day. We would just be looking at that point for another TCF Trade Setup to gain entry on the short side.
10 Day "Pit Bull" Moving Average: 980.00
As mentioned above, here is strong support but if our scenario pans out for lower prices we should visit this pretty quickly. If we do get in a Bear Ugly situation then look to hold short through this number as they run em lower still.
Pro Trader's Action
I am sticking with the Bearish side today again as more evidence sprung up with the rather weak ranges yesterday coupled with the mega bullish High Five. As mentioned we had TICKs banging up against +1000 during the day and this is a sign of a top coming in. Because we have been stuck in a particular type of LSS pattern we are expecting that when it lifts the downside should take precedence.
The setups I am stressing today are geared towards selling rallies but as you know if our TCF trade setups occur on the bullish side we are just as willing to take them. Due to the market getting stretched out now and a little tired we are expecting the push lower. Insider selling has doubled each week for the last 2 weeks in a row as discussed yesterday so that is also being considered. Was today rigged up so everyone could get their stock sold from the inside? That will remain to be seen.
Good luck with your trading today and all the best of success. Mohan
- Anexos
-
- Mohan 190803.GIF (15.26 KiB) Visualizado 782 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
Mohan 18/08/03
Market to Sell Off today ideally on a higher opening and early push up in prices. CAUTION: Bear Ugly day has high probability.
Trade Setup Summary for Friday, August 15, 2003:
No Headline Call on Friday due to options expiration therefore no TCF Trade setups were entered.
Recap of Friday's Action:
Good Morning and thank you for joining us today. Hope you had a nice, relaxing weekend and are ready for some better action this week and hopefully some expanded ranges.
Friday was option expiration and as mentioned above we do not make Headline Calls on these days and do not recommend any specific TCF Trade setups. We had another extremely tight 7 point range on Friday so it was a perfect day to stand aside. We are expecting the ranges to open up this week as some more relevant, market influencing news hits the air.
Our bias for Friday was for a weak, lower opening and a slow grind up showing a weak overall day duplicating Thursday and this is precisely what we got.
Here is what we are expecting for today's action.
Today's Call & Briefing:
We are issuing a strong CAUTION today for the possibility of a sell off possibly coupled with a Bear Ugly type day. The TCF proprietary Market Force indicators have entered a stage where they are finishing off a weak upside pattern that has fufilled itself on the last two weak up days. I have seen this many times before and the downside can be larger than normal if all the parameters set up in the High 5 and the exact TCF Trade setups.
I usually do not like too sound to alarmingly Bearish on any particular day because as intra day traders we are mostly just concerned with what is right in front of us on the one minute Charts and the High 5 along with other indicators. But with the Market Force pattern coming to fruition I need to state in stronger terms the possibility of a downside move coming.
In addition to this we have increasingly strong INSIDER SELLING with ratios reported as high as 20 to 1 on Nasdaq stocks (Thompson Financial Network) and reports of Form 144 insider selling fillings DOUBLING for the second week in a row according to Trim Tabs. Yikes!
As readers of the Morning Call it is important to always remember that we are strictly intra day traders. I will occasionally give projections for higher numbers or lower numbers often after one of our primary indicators will "roll over" to a new mode. Recently I spoke about 1020 as an upside goal. This is still in the cards but daily the readings change and with what is in front of us now it appears a lower move is coming first before we stretch to higher ground.
There still is a concerted effort going on for the current presidential administration to get re-elected and the only hope for that is a good, strong stock market. This would involve having the participation of other countries in our markets too as we are now a global marketplace especially when it comes to the stock market. Have we created a favorable atmosphere for that here in the U.S.? That remains to be seen. Watch for recent developments in relation to this and other aspects of our recent historical power outage on the East Coast. New Mexico Governor Bill Richardson recently said, "The U.S is a world super power with a 3rd world power grid". For now this has not effected the markets but future developments may.
TCF TRADE SETUPS TO WATCH FOR TODAY: First, let's be on the lookout for the possibility of a Bear Ugly market today. That would be clear IF we see a gap lower opening of say 5 points or more and some strong, negative news associated with the lower gap. We would also be looking for the High 5 to be immediately in Bear Ugly territory with the NAZ (our nickname for the Nasdaq composite index) particularly getting hard hit.
If we get a flat to higher opening and an early run up in prices then let's prepare to Sell the BreakOut. Study the Trading Handbook carefully for these setups. We are going to want to get a higher price above the BreakOut of 2-4 points if the High 5 is bullish BUT the Dow has run up over +60 with the NAZ holding back being up only +10 or less. Now if we are setting up for a BreakOut Buy we will see a very strong NAZ being up +12-15 or more and the Dow below +50. If we see the TRIN below .80 or less and VIX lower then we have a setup for a BreakOut buy. These very clear and detailed distinctions are necessary to learn accurately to get on the right side of such a setup like this.
Value Area: 986.40 - 989.80
Due to the small range on Friday the VA is very tight today and not super significant in giving us support resistance information. For today we can just watch the whole range to see if prices can drop below this zone and hold lower. That will at least be considered bearish by the institutional traders who tend to view the markets in relation to the Value Area.
Buy Pivot Target: 986.50 - 987.50
No trade at this pivot today. We are going to be watching for this price level right at the bottom of the Value area for support. If we get the Bearish day expected then prices will test the -4.25 at 982.25 and blow through that heading lower. If so we will be attempting to reverse on a reflex rally back to this pivot if the High Five are bearish.
Sell Pivot Target: 993.50 - 992.50
No trade at this Sell Pivot target today but watch for the opening to be up near this area and fail to move through the +4.25 stop/pivot at 997.75. Failing this stop/pivot and pulling back down to this Sell Pivot target AFTER THE FIRST HOUR IS COMPLETE is still good for a sell trade. Because we are really bearish today you may want to use your own discretion if this type of trading activity occurs BEFORE the first hour is up.
Usually it is better to wait as prices will attempt to make another move in the original morning direction after the first hour is up before trading. However, with today being on higher alert for a short trade the opportunity might occur in the first hour and then head south.
Remember, there is always the opportunity to short the BreakDown if need be after the first hour so if anything is confusing about these instructions for trading the Sell Pivot Target just wait until the first hour is complete and short the B/D if that is setting up with a Bear Ugly day.
10 Day "Pit Bull" Moving Average: 979.20
Although we are not officially on CROSSOVER ALERT I want to be sure we are ready to see if prices fail this area. Holding below the bottom of the VA is the first sign and then we will see if the Pit Bull can support em. If things are weak as we approach this area then we could prepare to just hold through this 979.00 area and watch the reaction should they begin to cave in. I feel like I sound too bearish today. If the High 5 are not in a Bear Ugly condition but still the market gets down here then watch for strong support. We are looking for a multi-day type sell off to come soon though.
Pro Trader's Action
Let's be on the lookout for all of the setups shown above and particularly the idea of Selling the BreakOut with a Bearish High Five or a full on Bear Ugly type day right off the opening. This will be clear right when we get to the opening in relationship to the gap lower and strong, negative news associated with the lower move. Remember, these Bear Ugly days are a rarity and maybe only occur once or rarely twice a month at most. I know the tone of this briefing is rather Bearishly slanted but that is what I am reading in the TCF indicators. It really has nothing to do with any personal bias on my part. I am merely reading the TCF Market Force indicators and reporting that to you here on The Morning Call.
I really appreciate all of your emails and your kind, encouraging comments. Due to the rapid growth of TCF I have had to focus more on building the Ask Mohan section to answer your questions. I will be adding more to that section this week. I have been holed up in a private spot away from my regular trading office marathoning to get ready for my special seminar in October. There is a tremendous amount of preparation that goes into such an event as I always strive to make each one more vital and potent then the previous one. We have lots of exciting guests planned in addition to my extensive presentation over the 2 days on the TCF trading setups and special ways of reading the markets.
If you are serious about coming to our upcoming seminar on October 4 in San Diego then please sign up right away. We are over half sold out in just 3 days since announcing it. I'm not trying to be pushy or anything it's just easy to really want to go and then find out later it's all sold out. Call our office to reserve a spot at (561) 750-8483 or use the link at our website at www.21stcenturyfutures.com
Let's see if we can get short today either from a higher opening and an early rally OR from a Bear Ugly early BreakDown.
Good luck and all the best of success in your trading. Mohan
Trade Setup Summary for Friday, August 15, 2003:
No Headline Call on Friday due to options expiration therefore no TCF Trade setups were entered.
Recap of Friday's Action:
Good Morning and thank you for joining us today. Hope you had a nice, relaxing weekend and are ready for some better action this week and hopefully some expanded ranges.
Friday was option expiration and as mentioned above we do not make Headline Calls on these days and do not recommend any specific TCF Trade setups. We had another extremely tight 7 point range on Friday so it was a perfect day to stand aside. We are expecting the ranges to open up this week as some more relevant, market influencing news hits the air.
Our bias for Friday was for a weak, lower opening and a slow grind up showing a weak overall day duplicating Thursday and this is precisely what we got.
Here is what we are expecting for today's action.
Today's Call & Briefing:
We are issuing a strong CAUTION today for the possibility of a sell off possibly coupled with a Bear Ugly type day. The TCF proprietary Market Force indicators have entered a stage where they are finishing off a weak upside pattern that has fufilled itself on the last two weak up days. I have seen this many times before and the downside can be larger than normal if all the parameters set up in the High 5 and the exact TCF Trade setups.
I usually do not like too sound to alarmingly Bearish on any particular day because as intra day traders we are mostly just concerned with what is right in front of us on the one minute Charts and the High 5 along with other indicators. But with the Market Force pattern coming to fruition I need to state in stronger terms the possibility of a downside move coming.
In addition to this we have increasingly strong INSIDER SELLING with ratios reported as high as 20 to 1 on Nasdaq stocks (Thompson Financial Network) and reports of Form 144 insider selling fillings DOUBLING for the second week in a row according to Trim Tabs. Yikes!
As readers of the Morning Call it is important to always remember that we are strictly intra day traders. I will occasionally give projections for higher numbers or lower numbers often after one of our primary indicators will "roll over" to a new mode. Recently I spoke about 1020 as an upside goal. This is still in the cards but daily the readings change and with what is in front of us now it appears a lower move is coming first before we stretch to higher ground.
There still is a concerted effort going on for the current presidential administration to get re-elected and the only hope for that is a good, strong stock market. This would involve having the participation of other countries in our markets too as we are now a global marketplace especially when it comes to the stock market. Have we created a favorable atmosphere for that here in the U.S.? That remains to be seen. Watch for recent developments in relation to this and other aspects of our recent historical power outage on the East Coast. New Mexico Governor Bill Richardson recently said, "The U.S is a world super power with a 3rd world power grid". For now this has not effected the markets but future developments may.
TCF TRADE SETUPS TO WATCH FOR TODAY: First, let's be on the lookout for the possibility of a Bear Ugly market today. That would be clear IF we see a gap lower opening of say 5 points or more and some strong, negative news associated with the lower gap. We would also be looking for the High 5 to be immediately in Bear Ugly territory with the NAZ (our nickname for the Nasdaq composite index) particularly getting hard hit.
If we get a flat to higher opening and an early run up in prices then let's prepare to Sell the BreakOut. Study the Trading Handbook carefully for these setups. We are going to want to get a higher price above the BreakOut of 2-4 points if the High 5 is bullish BUT the Dow has run up over +60 with the NAZ holding back being up only +10 or less. Now if we are setting up for a BreakOut Buy we will see a very strong NAZ being up +12-15 or more and the Dow below +50. If we see the TRIN below .80 or less and VIX lower then we have a setup for a BreakOut buy. These very clear and detailed distinctions are necessary to learn accurately to get on the right side of such a setup like this.
Value Area: 986.40 - 989.80
Due to the small range on Friday the VA is very tight today and not super significant in giving us support resistance information. For today we can just watch the whole range to see if prices can drop below this zone and hold lower. That will at least be considered bearish by the institutional traders who tend to view the markets in relation to the Value Area.
Buy Pivot Target: 986.50 - 987.50
No trade at this pivot today. We are going to be watching for this price level right at the bottom of the Value area for support. If we get the Bearish day expected then prices will test the -4.25 at 982.25 and blow through that heading lower. If so we will be attempting to reverse on a reflex rally back to this pivot if the High Five are bearish.
Sell Pivot Target: 993.50 - 992.50
No trade at this Sell Pivot target today but watch for the opening to be up near this area and fail to move through the +4.25 stop/pivot at 997.75. Failing this stop/pivot and pulling back down to this Sell Pivot target AFTER THE FIRST HOUR IS COMPLETE is still good for a sell trade. Because we are really bearish today you may want to use your own discretion if this type of trading activity occurs BEFORE the first hour is up.
Usually it is better to wait as prices will attempt to make another move in the original morning direction after the first hour is up before trading. However, with today being on higher alert for a short trade the opportunity might occur in the first hour and then head south.
Remember, there is always the opportunity to short the BreakDown if need be after the first hour so if anything is confusing about these instructions for trading the Sell Pivot Target just wait until the first hour is complete and short the B/D if that is setting up with a Bear Ugly day.
10 Day "Pit Bull" Moving Average: 979.20
Although we are not officially on CROSSOVER ALERT I want to be sure we are ready to see if prices fail this area. Holding below the bottom of the VA is the first sign and then we will see if the Pit Bull can support em. If things are weak as we approach this area then we could prepare to just hold through this 979.00 area and watch the reaction should they begin to cave in. I feel like I sound too bearish today. If the High 5 are not in a Bear Ugly condition but still the market gets down here then watch for strong support. We are looking for a multi-day type sell off to come soon though.
Pro Trader's Action
Let's be on the lookout for all of the setups shown above and particularly the idea of Selling the BreakOut with a Bearish High Five or a full on Bear Ugly type day right off the opening. This will be clear right when we get to the opening in relationship to the gap lower and strong, negative news associated with the lower move. Remember, these Bear Ugly days are a rarity and maybe only occur once or rarely twice a month at most. I know the tone of this briefing is rather Bearishly slanted but that is what I am reading in the TCF indicators. It really has nothing to do with any personal bias on my part. I am merely reading the TCF Market Force indicators and reporting that to you here on The Morning Call.
I really appreciate all of your emails and your kind, encouraging comments. Due to the rapid growth of TCF I have had to focus more on building the Ask Mohan section to answer your questions. I will be adding more to that section this week. I have been holed up in a private spot away from my regular trading office marathoning to get ready for my special seminar in October. There is a tremendous amount of preparation that goes into such an event as I always strive to make each one more vital and potent then the previous one. We have lots of exciting guests planned in addition to my extensive presentation over the 2 days on the TCF trading setups and special ways of reading the markets.
If you are serious about coming to our upcoming seminar on October 4 in San Diego then please sign up right away. We are over half sold out in just 3 days since announcing it. I'm not trying to be pushy or anything it's just easy to really want to go and then find out later it's all sold out. Call our office to reserve a spot at (561) 750-8483 or use the link at our website at www.21stcenturyfutures.com
Let's see if we can get short today either from a higher opening and an early rally OR from a Bear Ugly early BreakDown.
Good luck and all the best of success in your trading. Mohan
- Anexos
-
- Mohan 180803.GIF (33.36 KiB) Visualizado 783 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
Eu deixei de as receber
desde a última segunda feira...acabou-se o free !!! Realmente era interessante acompanhar o man !!!
- Mensagens: 197
- Registado: 10/11/2002 23:04
- Localização: Alentejo
eu tb não
porque acabou os 30 dias de borla!!!
Pode ser que um dia destes se lembrem de dar +1 borla.
1 abraço
andrade
Pode ser que um dia destes se lembrem de dar +1 borla.
1 abraço
andrade
- Mensagens: 1329
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Que se passa com as Newsletters do Mohan?
Deixaram de aparecer nos ultimos dias. Alguem as tem recebido?
Bruno Pais
Bruno Pais
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