Como se combate o populismo? "Com eleições", responde Fukuyama

[alex01]

Market Force: Bearish. Be ready to sell any early attempts to rally today as we look for a pullback off of these heights.

Wednesday, December 15, 2004
Prev Day - SP
Range: 7.70 Value Area
Range: 5.50 TCF Key Numbers for ES
1,209.75-1,208.75 Sell Pivot
High 1,208.20
Close 1,206.50
1,206.00
1,202.00-1,203.00 Buy Pivot
Open 1,200.50
Low 1,200.50
1,200.50
1,191.20 Pit Bull MA



Trade Setup Summary for Tuesday, December 14, 2004:
No Trade setups due to FOMC meeting.

Recap of Tuesday's Action:
Good Morning and Welcome to Wednesday's Action.

Well, they raised the interest rates +.25 point and the market rallies some more. You got to hand it to this end of the quarter rally....it is strong.

However, we are looking for a pullback today off of early highs so be ready to go short if we get the right setup. More on this below.

No Wrap Up as we did not put out the Live Update recommendations on Tuesday.

Today's Call & Briefing:
Market Force indicators are bearish for today on a Day Trade Basis only.

We will be looking for early higher prices or attempts to rally to get hit with selling most likely early in the session.

There is a very good chance we will be going short EARLY if we get the right setup so LIVE UPDATE TRADERS BE PREPARED TO TRADE EARLY POSSIBLY TODAY.

RECOMMENDED SETUPS TO WATCH FOR:

If we open flat to higher and attempt a run up first to the Sell Pivot Target area around 1209 we are going to be looking for Market Force Oscillator signals to hit the short side.

Be ready early for this strong possibility. It could be a decent sell off from these levels according to our Market Force Intraday signals.

If we sell off right off the opening then we will most likely WAIT FOR FIRST HOUR TO FINISH and then see if the High 5 goes Mega Bearish for any reason. If so then we will be looking to Sell for trade to move below the Hour One low possibly.

Value Area: 1,200.50 - 1,206.00
Support is now at the 1200 level. We may challenge that today on the short side as traders get some preception that, "Hey, they just raised interest rates".

Maybe a little early Christmas champagne caught them off guard.

Buy Pivot Target: 1,202.00 - 1,203.00
More support here at 1200 at the Buy Pivot Target. If we get a higher early move and then pull back here that will still constitute a very nice trade.

We just have to watch the opening 20 minutes and see what the market hands us.

Sell Pivot Target: 1,209.75 - 1,208.75
As mentioned above we are going to be watching for any rallies up in this area to fizzle out. +4.25 stop/pivot is 1214.00.

Very good shot of moving much lower off an early rally up here if the High 5 are complacent...IE: Neutral.

10 Day "Pit Bull" Moving Average: 1,191.20
Closing in on current prices but still in a Buy Drops mood. If we get the expected sell off today then this Pit Bull could start catching up and we get a "Line in the Sand" type deal all the way through the quiet trading period leading up to New Years.

I would prefer that as we are not going to be involved in the markets after this week and it would be great if things just went flat.

WE WILL BE UPDATING THESE NUMBERS EVERY NIGHT THROUGH THE NEW YEAR AS USUAL AND POSTING SOME LIGHT COMMENTARY AND HOLIDAY CHEER.

Pro Trader's Action
Looking to get short today on an early run up towards 1209-10 IF we get the High 5 and MFO signals we need.

Be ready to possibly trade early.

All the best, Mohan