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To: Lucretius who wrote (233004)4/2/2003 4:54:45 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
my calls may go to zero

nothing personal, but I hope so. I'm so short I need to sit on a telephone book to reach my keyboard. <g>



To: Lucretius who wrote (233004)4/2/2003 5:14:56 PM
From: GrillSgt  Read Replies (1) | Respond to of 436258
 
lol..alright then

We'll start with my plan for today. I was working on this shit at 4 am. Btw, gotta tell you this if you haven't seen it yet. I had one of those financial channels on watching futures getting pumped as I was working when one of those late nite infommercials came on. I shit you not there was Joe Theismann doing his best Tony Robbins impersonation pimping stock trading software. lol Made it sound sooo easy. "Trend trading made easy" Buy the tape for about 9 bucks and you get the bonus tapes "trading gaps" and "short selling" for free... literally LOL. They rolled out "Richard" from Portland who claims he has doubled his yealy income by simply using the tape info to trade market gaps before he left for work. OMG...I thought to myself..and here I am up half the night looking at patterns and spending half of my waking hours thinking about cycles, opex and oi, ppt, sar, repos, earnings and on and on and on. How stupid am I? I wanna be like "Richard" from Portland. Buy the tape, knock down 500k pr yr trading the gaps early and spending the rest of the day whacking golf balls. Fuggin Jowe Theismann..that dude must be hungry.

This was a slam dunk today and the gap rule gave it away. No I didn't make a dime either. I spent half the morning trying to pry my eyelids open. I think they call the shit "conjunctivitas". I just figured it was God punishing me for almost maxxing out my Visa at the Cheetah Club in Atlanta last weekend.

Anyway..the shit might as well not go to waste so here it is fwiw...

ES Trading above 857 keeps the bull alive with 870 and 879 the targets. We have already hit T1. A move back below 862 should get the gap to fill this morning. Look for 857 to support on the gap fill. Below 857 and the indices fall out of bed and the down cycle move could be on with 852 and 845 the targets. I do not favor this scenario today. I do not expect any trading below 857 today. Therefore the 879 target is in play. Around noon my probability range would have shifted from 873-893 range today. Any break of 873 down now and that will spark a move into the gap

NQ Trading above 1040 is bullish and should keep the bulls running for 1052 and 1066. Look for 1052 to give some initial resistance. A move back below 1039 should get the gap fill process going down to 1036 and 1022. Do not look for any trading below 1022 or the bears will slaughter this thing. This is not a preferred scenario today.

Dow A move back above 8100 sparks the rally to 8150 and 8200. Any trading back below 8040 should get the gap filled and could test 8000 again. Look for a bounce here.I do not expect this to happen.

Remember the gap rule.

Now...give yourself the boot for 48 hours and I'll give you what I think lies ahead <bg>