Mohan 13/12/04
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Mohan 13/12/04
Market Force: Bullish/Neutral. So far it appears we are going higher with next goal up 1198.50 but Neutral MF is still there and could spell resistance at slightly higher levels. SEE SPECIAL SCHEDULE FOR REST OF MONTH SHOWN BELOW.
Monday, December 13, 2004
Prev Day - SP
Range: 7.00 Value Area
Range: 2.80 TCF Key Numbers for ES
1,195.00-1,194.00 Sell Pivot
High 1,194.20
1,192.20
Close 1,191.80
1,189.40
1,188.00-1,189.00 Buy Pivot
Open 1,187.70
Low 1,187.20
1,185.30 Pit Bull MA
Trade Setup Summary for Friday, December 10, 2004:
B@1188.25/S@1189.50 +1.25
Recap of Friday's Action:
Good Morning and Welcome back from the weekend.
So all of our subscribers can plan ahead for the rest of the month here is the expected schedule:
*Tuesday is FOMC MEETING...No Headline Call or Live Update Trades for Tuesday.
*Friday is Quadruple Options expiration ....No Headline Call or Live Trades.
* ENTIRE FOLLOWING WEEK UP TO CHRISTMAS AND THROUGH JANUARY 2ND THERE WILL BE NO HEADLINE CALLS OR LIVE TRADING UPDATES BUT THERE WILL BE DAILY UPDATED NUMBERS ON OUR "TCF KEY NUMBERS FOR ES" AND "VALUE AREA " WITH VERY ABBREVIATED COMMENTARY.
This is an ideal time of the year to spend more time with your family and loved ones, get a break from the markets, and prepare mentally for a very exciting 2005.
You have seen our results now for the new Market Force Oscillator system I have developed. I put the final touches on it officially on Tuesday 11/23/04 as announced and since that time we are up +28.50 points on 11 sessions.
Using 1000$ margin per emini S&P500 contract that represents almost 130% + return after commisions in about 2 weeks. I expect to keep up this performance AND BETTER as I become more and more skillful in reading my Market Force Oscillator indicators.
Sure, I am going to miss some of the moves or not get the full amount of points out of a move but I am working towards achieving this. The key is to keep the tight stops we have been using and achieve these continued results with PEACE OF MIND and Steadiness. Those who have been with us a while and pros who have been trading the S&P500 for several years or more KNOW how important Peace of Mind is COMBINED with good profits.
That is what I am expecting to achieve and the last 11 sessions are your proof of that.
So be ready to have some nice free time over the next several weeks, get excited about 2005 and what we are expecting to accomplish in creating a steady, peaceful nice income and career in trading the S&P500 here at 21st Century Futures.
My Wrap up Comments on the Live service for Friday:
"Expected a light range bound type market today with prices selling off the Hour One highs. We did not get a tap on either one of the Hour One pivots in the first few hours.
On the lower run to 1187.50, which was the opening, we saw support coming in on the MFO and bought at 1188.25. Prices ran up towards 1191.50 and started pulling back. After some stalling I was inclined to take profits rather than risk a possible move through the lows so we exited at 1189.50 for a +1.25 gain.
Market did later run up to the 1194 price as expected with weakness off that number. Overall market still bullish in appearance. Next week should give us strong clues.
I am expecting we could see the next 2 days up nicely but need to crunch the numbers on Sunday. I'm wrapping up a bit early here for the weekend. Have a good one. All the best, Mohan
Today's Call & Briefing:
We will be trading today on the Live Update Service. No Live Update Trades tommmorrow due to FOMC meeting and No Live Update Trades on Friday due to Quadruple Options Expiration.
Today's Market Force is Bullish/Neutral with a good chance of pushing higher, holding above 1194 and stretching to 1198.50. We now have the big 1200 psychological number coming into play as we roll into the end of the year.
There is a good chance of getting 2 more days up into the FOMC announcement but right now trading risk is increasing substantially with the slower volume, larger traders and institutional players leaving for holiday.
High WHIP SAW POTENTIAL and hence we are going to be looking to gradually start standing aside as we roll into next week and through the New Year.
RECOMMENDED TRADE SETUPS FOR TODAY: Watch for the Hour One high to get hit first today. If that occurs we want to look to SELL the Hour One high plus 2-3 points. Somewhere in that area we would expect to get an MFO signal for a pullback.
If we open flat to lower and run lower first then we are in an upwards continuation pattern that could run up for 2 more days through the FOMC MEETING.
Again, I want to remind all of our subscribers not to concern about standing aside and taking extra time off during this period. With our new approach and Crystal clear entries, tight stops and proven returns we are now getting NEXT YEAR WILL BE VERY EXCELLENT starting right off of the New Year the week of January 3rd.
It's time to celebrate, relax and be with friends and family....Not worry about squeezing points out of a dangerous potential whip saw market. Sure the markets can move substantially over the next few weeks but they can also go flat or get very whipsaw.
The markets will always be here and so will we for many years to come improving our skills more and more now using our perfected MFO system which adjusts to the market conditions.
Value Area: 1,189.40 - 1,192.20
Trade above 1192.25 is bullish up to 1198.50 where things become more risky for a pullback.
Buy Pivot Target: 1,188.00 - 1,189.00
Trade holding above 1186.00 continues the underlying Sell Mode in aberration and therefore gives us a bullish reading.
It appears the bullish 4th quarter 2004 we called when the Iraq War started and the S&P500 was trading in the mid 800's is showing up.
Right now at this exact time there is a good chance for a pullback from this area or higher numbers but it appears the market is going to STAY IN ABERRATION ABOVE 1186 AND CLIMB THROUGH 1200 AS WE ROLL INTO THE END OF THE YEAR.
This is my gut feel so far looking at the way things are trading.
Sell Pivot Target: 1,195.00 - 1,194.00
Here is the Sell Pivot area right at this 1194 area. +4.25 stop/pivot puts us right at 1199.25 just a few ticks up from projected next resistance at 1198.50.
Let's see if they can smoke em up there.
10 Day "Pit Bull" Moving Average: 1,185.30
Holding this Pit Bull area should keep the market running higher as we stretch for 1200.
Pro Trader's Action
Please take special note of our schedule for rest of the month as we roll into Christmas and the New Year.
Get ready for an exciting 2005 with our goal being "Steady,Great Profits with Peace of Mind"
Be ready to Sell an attempt at a BreakOut today above the Hour One High hit FIRST as we stretch to the projected resistance. Should be able to scalp a pullback from there.
Lower open and run continues the move higher for next 2 days most likely into the FOMC announcement. Very unlikely Greenspan is going to mess up this nice, steady higher move into the positive outlook for 2005. Plenty of time later next year for surprises.
See you in the action. Mohan
Monday, December 13, 2004
Prev Day - SP
Range: 7.00 Value Area
Range: 2.80 TCF Key Numbers for ES
1,195.00-1,194.00 Sell Pivot
High 1,194.20
1,192.20
Close 1,191.80
1,189.40
1,188.00-1,189.00 Buy Pivot
Open 1,187.70
Low 1,187.20
1,185.30 Pit Bull MA
Trade Setup Summary for Friday, December 10, 2004:
B@1188.25/S@1189.50 +1.25
Recap of Friday's Action:
Good Morning and Welcome back from the weekend.
So all of our subscribers can plan ahead for the rest of the month here is the expected schedule:
*Tuesday is FOMC MEETING...No Headline Call or Live Update Trades for Tuesday.
*Friday is Quadruple Options expiration ....No Headline Call or Live Trades.
* ENTIRE FOLLOWING WEEK UP TO CHRISTMAS AND THROUGH JANUARY 2ND THERE WILL BE NO HEADLINE CALLS OR LIVE TRADING UPDATES BUT THERE WILL BE DAILY UPDATED NUMBERS ON OUR "TCF KEY NUMBERS FOR ES" AND "VALUE AREA " WITH VERY ABBREVIATED COMMENTARY.
This is an ideal time of the year to spend more time with your family and loved ones, get a break from the markets, and prepare mentally for a very exciting 2005.
You have seen our results now for the new Market Force Oscillator system I have developed. I put the final touches on it officially on Tuesday 11/23/04 as announced and since that time we are up +28.50 points on 11 sessions.
Using 1000$ margin per emini S&P500 contract that represents almost 130% + return after commisions in about 2 weeks. I expect to keep up this performance AND BETTER as I become more and more skillful in reading my Market Force Oscillator indicators.
Sure, I am going to miss some of the moves or not get the full amount of points out of a move but I am working towards achieving this. The key is to keep the tight stops we have been using and achieve these continued results with PEACE OF MIND and Steadiness. Those who have been with us a while and pros who have been trading the S&P500 for several years or more KNOW how important Peace of Mind is COMBINED with good profits.
That is what I am expecting to achieve and the last 11 sessions are your proof of that.
So be ready to have some nice free time over the next several weeks, get excited about 2005 and what we are expecting to accomplish in creating a steady, peaceful nice income and career in trading the S&P500 here at 21st Century Futures.
My Wrap up Comments on the Live service for Friday:
"Expected a light range bound type market today with prices selling off the Hour One highs. We did not get a tap on either one of the Hour One pivots in the first few hours.
On the lower run to 1187.50, which was the opening, we saw support coming in on the MFO and bought at 1188.25. Prices ran up towards 1191.50 and started pulling back. After some stalling I was inclined to take profits rather than risk a possible move through the lows so we exited at 1189.50 for a +1.25 gain.
Market did later run up to the 1194 price as expected with weakness off that number. Overall market still bullish in appearance. Next week should give us strong clues.
I am expecting we could see the next 2 days up nicely but need to crunch the numbers on Sunday. I'm wrapping up a bit early here for the weekend. Have a good one. All the best, Mohan
Today's Call & Briefing:
We will be trading today on the Live Update Service. No Live Update Trades tommmorrow due to FOMC meeting and No Live Update Trades on Friday due to Quadruple Options Expiration.
Today's Market Force is Bullish/Neutral with a good chance of pushing higher, holding above 1194 and stretching to 1198.50. We now have the big 1200 psychological number coming into play as we roll into the end of the year.
There is a good chance of getting 2 more days up into the FOMC announcement but right now trading risk is increasing substantially with the slower volume, larger traders and institutional players leaving for holiday.
High WHIP SAW POTENTIAL and hence we are going to be looking to gradually start standing aside as we roll into next week and through the New Year.
RECOMMENDED TRADE SETUPS FOR TODAY: Watch for the Hour One high to get hit first today. If that occurs we want to look to SELL the Hour One high plus 2-3 points. Somewhere in that area we would expect to get an MFO signal for a pullback.
If we open flat to lower and run lower first then we are in an upwards continuation pattern that could run up for 2 more days through the FOMC MEETING.
Again, I want to remind all of our subscribers not to concern about standing aside and taking extra time off during this period. With our new approach and Crystal clear entries, tight stops and proven returns we are now getting NEXT YEAR WILL BE VERY EXCELLENT starting right off of the New Year the week of January 3rd.
It's time to celebrate, relax and be with friends and family....Not worry about squeezing points out of a dangerous potential whip saw market. Sure the markets can move substantially over the next few weeks but they can also go flat or get very whipsaw.
The markets will always be here and so will we for many years to come improving our skills more and more now using our perfected MFO system which adjusts to the market conditions.
Value Area: 1,189.40 - 1,192.20
Trade above 1192.25 is bullish up to 1198.50 where things become more risky for a pullback.
Buy Pivot Target: 1,188.00 - 1,189.00
Trade holding above 1186.00 continues the underlying Sell Mode in aberration and therefore gives us a bullish reading.
It appears the bullish 4th quarter 2004 we called when the Iraq War started and the S&P500 was trading in the mid 800's is showing up.
Right now at this exact time there is a good chance for a pullback from this area or higher numbers but it appears the market is going to STAY IN ABERRATION ABOVE 1186 AND CLIMB THROUGH 1200 AS WE ROLL INTO THE END OF THE YEAR.
This is my gut feel so far looking at the way things are trading.
Sell Pivot Target: 1,195.00 - 1,194.00
Here is the Sell Pivot area right at this 1194 area. +4.25 stop/pivot puts us right at 1199.25 just a few ticks up from projected next resistance at 1198.50.
Let's see if they can smoke em up there.
10 Day "Pit Bull" Moving Average: 1,185.30
Holding this Pit Bull area should keep the market running higher as we stretch for 1200.
Pro Trader's Action
Please take special note of our schedule for rest of the month as we roll into Christmas and the New Year.
Get ready for an exciting 2005 with our goal being "Steady,Great Profits with Peace of Mind"
Be ready to Sell an attempt at a BreakOut today above the Hour One High hit FIRST as we stretch to the projected resistance. Should be able to scalp a pullback from there.
Lower open and run continues the move higher for next 2 days most likely into the FOMC announcement. Very unlikely Greenspan is going to mess up this nice, steady higher move into the positive outlook for 2005. Plenty of time later next year for surprises.
See you in the action. Mohan
Alex
- Mensagens: 119
- Registado: 31/7/2003 17:41
- Localização: Lisboa
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