Wednesday, December 31, 2003
click here for ASYT chart
Dec. 30 ProfitPoint subscribers received this chart on 12/8. Aggressive short position on 12/9 at the open at $16.70, (weekly chart had not closed below 3x3). Closed the position on 12/18 at EOD at $16.20 with close above 3x3 on daily chart for +.50 (notice trsi crossing up)
Posted by Admin @ 05:55 AM PST [Link]
Monday, December 22, 2003
Click for DVN chart.
This is an earlier trade, which I'm uploading here for future reference.
Buy DVN at $47.50
Sell at $52.25
Gain = $5.75 = 10%
Posted by FibMaster @ 07:19 PM PST [Link]
click here for PIR chart
Dec. 22 This chart shows why it's important to follow entry and exit triggers. PIR never triggered a long entry-- it never confirmed its strength by exceeding its prior high as stated in ProfitPoint. In fact, it did just the opposite by heading south. Using a trigger to enter at a Fibonacci level helps you to avoid bad trades!
Click to see ProfitPoint Newsletter.(92k file)
Posted by Admin @ 01:45 PM PST [Link]
Sunday, December 21, 2003
Click for BSC chart.
This is an earlier trade, which I'm uploading here for future reference.
Short BSC at $71.00
Cover at $69.50
Gain = $1.50 = 2.11%
Posted by FibMaster @ 01:08 PM PST [Link]
click here for USPI chart
Dec.20--12/20 entered short on 12/8 at $32.31. aggressive entry with daily close below 3x3 on 12/6. it showed support at $31.00 as predicted, but never broke that support which we needed for a decent down-move. we exited 12/12 at close at $32.23 with cross up of 3x3 on daily for break-even. however, we will keep USPI in ProfitPoint: we are still watching for a possible double top--watch weekly and daily TRSI to turn down or close below 3x3. As stated in ProfitPoint, long above $35.00
Click for ProfitPoint newsletter (43k file)
Posted by Admin @ 09:34 AM PST [Link]
Friday, December 19, 2003
Click for S&P weekly chart.
An impressive show by the bulls brings the S&P well into the weekly resistance levels. There are a few resistance zones 1092-1100. the daily chart has some levels at 1084, 1095, then 1108. Recent action negates that big ugly red bar on Dec 15th. The 1100 area is also a big round number, I would not be surprised to see some selling near there or a little above. Trends are up, so long trades are more attractive as long as the 30-minute trend confirms. Short trades will require some confirming indication, do not pick tops (wait for confirmation)!
Posted by FibMaster @ 06:13 AM PST [Link]
Thursday, December 18, 2003
Click here for SPF chart
ProfitPoint subscribers received the SPF chart Dec. 3
We entered a short position on 12/4 at the open at $49.71, (our entry trigger was the close below the 3x3 12/3).
With breaks of prior support of 47.80 and SK level of $45.75 and gap fill from 10/27, we closed the position 12/10 EOD at $43.80.
Plus $5.91--a gain of 12%!
Aggressive swing traders could hold for weekly SK support in the $39.40 area. Watch weekly TRSI and place your S/L at b/e. (One day we’ll devote some time to strategy. But one strategy is to take half your position off the table at $43.80 and let the other half ride).
If you traded this ProfitPoint chart, please post a reply and tell us how you did.
Click for ProfitPoint newsletter (86k file)
Posted by Admin @ 02:49 PM PST [Link]
Wednesday, December 17, 2003
Click for AHC chart
Dec. 18. ProfitPoint subscribers recieved AHC chart Nov. 11. We entered a long position 12/8 at $47.00 and closed the position 12/10 at resistance area at $50.00 for a $3.00 gain in two days, +6%. Swing traders could hold longer and watch for cross down of 3x3 on daily chart or for TRSI to turn down on daily. Good trading to you!!
Click for ProfitPoint newsletter.(42k file)
Posted by Admin @ 04:18 PM PST [Link]
Monday, December 15, 2003
Neal
Just wanted to drop a line and tell you how much I have appreciated all your help this past year. While I have had a very profitable year trading, by far my highest return on investment has been the money I have spent for your training videos and subscribing to profit point.
You have helped me become a better and more disciplined trader and I do appreciate you sharing your knowledge.
I hope you and your loved ones have a happy holiday season.
With warm regards
Don
Posted by FibMaster @ 08:42 PM PST [Link]
Saturday, December 13, 2003
(click for FRNT chart) ProfitPoint subscribers recieved FRNT's chart 12/2. Aggressive traders entered 12/3 at open at 15.89 (because 12/2's actions closed below 3x3 on daily chart). FRNT broke two sk supports and on 12/8 we closed the position EOD at 12.36 because it was supporting at a previous low. (aggressive traders could hold, but at some risk.) Profit was $3.53, a 22% gain!!
Posted by Admin @ 11:58 AM PST [Link]
Wednesday, December 10, 2003
Click for daily S&P chart.
The attached S&P daily chart shows some significant support areas, as the chart looks ready to retrace. Also see the red up-trend line. The 1035.50 to 1041.25 area is important. If that one breaks the daily/weekly trend-line will break too, and the bears will be bolder..
Posted by FibMaster @ 06:23 AM PST [Link]
Monday, December 8, 2003
click for 30 minute S&P chart.
This chart is for discussion in our intraday chat room. Note the down-channel and SK support levels. look for supprt near 1057.50 approx. There is a lot of room to the downside without taking out the daily up trend-line!
Posted by FibMaster @ 06:19 AM PST [Link]
Click for S&P chart.
This weekly S&P chart, was posted here some months ago, predicting the surrent resistance area. There are several significant resistance levels 1069, 1075, 1092, 1099, 1109.. Fasten your seatbelt, the ride could get bumpy! For months the bulls have won by buying dips in the long term. Now the market changes, expect deeper retracements, and possible a downturn if the market stalls here long enough.
Posted by FibMaster @ 06:09 AM PST [Link]
Wednesday, December 3, 2003
As a trader you sometimes feel the need to "give something back".
I had thousands of air-miles that were about to expire. Rather than lose them, I donated them to Operation Hero Miles.
Put your air miles to good use, http://www.heromiles.org/ has the details. It is easy, and it helps someone in public service visit their families on their vacation break. Whether you are against military action in Iraq or for it, do something to support those in uniform who make huge sacrifices in the name of public service.
Posted by FibMaster @ 01:37 PM PST [Link]
Click for S&P weekly chart
The attached weekly chart shows why we have consolidation and deep retracements. Trend traders are not having fun, unless they trade very short time-frames... There are several resistance levels between 1069 and 1078, so expect whipsaw intraday..
Posted by FibMaster @ 07:37 AM PST [Link]
Tuesday, December 2, 2003
Click for S&P 30-min chart
The attached chart shows 3 intraday support levels. These support levels are valid as long as yesterday's high is in place. If that high is exceeded, then the support levels will raise..
Note the blue and green trend-lines. The blue line is a daily trend-line, showing that the market can retrace quite a distance without endangering that trend. The green line is a 30-minute trend-line. The support level at 1065.50 is important if that trend is to be maintained.
Watch those support levels for possible entry (long) or profit-taking (short trades).
Posted by FibMaster @ 06:26 AM PST [Link]
