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Fellow RT'ers,
I had to laugh about the fellow who was long bonds, and said
that he was putting in his "2 cents". Looks like he did just
that:) .
Well, since we have such interesting markets right now, thought
I might as well sit down at the table with the rest, serve
myself a large slice of humble pie with a nice sprinkling of
past prognostications on top, and make some calls.
Sept SP500
TREX calling top 960 (Kind of late now huh?)
retracement levels to 920 in next 5 trading days on
lower lows. If market does not make new lows, on next
2 days of trading BUY anything that gets close to 940.
If you will review some of the past posts, between
Norman and I we called the EXACT beginning of the Bull
dash and the EXACT date of the dump. How often does THAT
happen :). Norm, did you make any money on this? I picked
up some on Ratio Spreads, but that's about it. I am such a
wimp sometimes.
Sept TBonds
Possible retracement to TREX level @ 113.00
Range predictions for this week: 113 to 115.25
BUY/SELL these levels. If Bonds freak on Monday,
we could head lower, but I'll stick with these levels
since they seem the most logical.
Dec Gold
TREX says upside moves will not be sustained
Range: 334-322 If market Opens monday and trades Up,
then BUY em to 334 then dump 'em.
If market trades down, SELL em and
take profits near the 322 level.
I will probably simply be buying or selling breakouts
of Friday's trading range. I won't BUY a gap open on
the upside, but I will SELL a GAP open on the downside if
any gaps occur on the Open.
Dec Corn
Too far too fast. Corn back to 2.60
Nov SoyBeans
Bull Call Spreads on higher prices to 7.20 and then SELL
7.20 hard, if this break occurs within first 3 days of
trading next week.
Bear put Spreads on failure of Beans to breech and close
over 665 in first 3 days of trading this week. If we
trade down to 6.20, liquidate the puts and look to go long.
Dec Wheat
If Wheat breaks out over 3.80, then 4.00 looks like a pretty
safe trade. Consider selling 4.00 if Wheat trades there in
first 2 days of the week, and stalls out. On Lower prices,
the 3.70 mark should hold for one bounce. (TREX level)
Sept Silver
Sell 4.60 Monday and Tuesday. Sell 4.65 W,T, and Friday
BUY 4.30
Sept Copper
TREX range: 104 - 111
Minor Breakout in first 2 days of trading,
Look for beginning of major move Friday or Monday
This market will be wild near the 104 and 111 points.
If either of these crack, well..... just go with it.
Sept Heating Oil
Why on earth would this market go higher? No major Summer
storms to hinder production means lower prices.
Historically the suppliers run tight inventory when
supply appears to be abundant. so......
SELL Opens below 57.00 Protective stops above 57.00
Take profits near 53.75
The only thing that bothers me about this trade is that
many people seem to be of the same opinion. Still, I will
take the trade if 57.00 isn't immediately broken.
Sept Coffee
Buy or sell breakouts of friday's range IF market trading
within friday's range.
take profits at
160
205
Monday could represent a VERY large trade.
Did I miss anything? :)
everyone have a good trading week!
Walt Downs
CIS trading
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KEY:
TREX: An intermediate SWING system designed to catch market
turning points or breakouts.
BLUE ZONE = A price projsction which often indicates
that the market will continue strongly in the direction
of the Blue Zone price.
"Clean break" = a market which smashes through a projected
price area with little or no hinderance.
"Market Stall" = A market which stops moving at a
projected price range for 3 minutes or more.
CSTAR = A short term system indicating that a 3 day
"buy-sell" or "sell-buy" pattern is emerging.
LSTAR = A 3-20 day system indicating that a trend is
about to resume after a correction.
VSTAR = A 10-30 day system indicating that a long-term
or intermediate reversal is abot to occur.
VORTEX = A system incorporating the CSTAR,VSTAR, and
LSTAR algorythms in order to capture 1-15 day market
moves. Also includes the original VORTEX rangefinding
tool.).
ID = A system designed to capture market reversals and
breakouts. Combines inside days and expansion days
similar to the L Connors 80/20 set-ups, but all run
through the Bio-Neural filters. Also includes some
CSTAR algorythms.
MTX - An indicator similar to MACD, but also showing
the trader market volatility and OB/OS conditions.
ADjusted Cycles - This is nothing more than a dynamic
short term cycle and long term cycle which I Adjust to
major, intermediate, and swing highs and lows. When all
of these cycles match up, it can lead to some pretty cool
trades.
Systems traded off 1 min,2min,3min or 13 min
charts if specified.
RSI Period = 9 (If RSI above 70 at designated sell time,
market must trade BELOW 70 and back to 70 for first
signal (Reverse is true for RSI 30 buys.) if specified.
All trades posted for informational purposes only.
***********************************************************
Walt Downs
Commodity InfoSystems
(813) 782-8988
knight@xxxxxxxxxxxx (e-mail)
Web-Server URL to be posted shortly
************************************************************
my trading is predominantly technical in nature, utilizing oscillators
and/or moving
average derivatives as applicable. Much of the trading I do is based on the
three-day
Taylor market pattern.
I run all my trading through a filter that I have developed which I call
Bio-Neural trading.
Bio-Neural trading isolates and quantifies price action based on the
predisposition of
market groups (small specs, large specs and commercials) to trade in a
predictable
manner at certain times, and under certain market conditions. Basically, I
have compiled
these market tendencies into a library of traits, and look for price
patterns which express
them. If a price pattern is noted, The pattern is then quantified and tested
historically
against either a twenty-year daily or 100 day intraday
database.(TradeStation(tm)). If the
results indicate that the tendency is tradable, a system is than developed
to determine
entry and exit parameters. These systems are deceptively simple to trade
once they have
been developed. Market tendencies are refereed to as Bio-Laws and systems
are referred
to as Bio-Neural Machines.
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