"The Sunny Side of the Street"

Remember: only 1000 people will ever be allowed to subscribe to the Platinum Zone.  The only way to get a spot after that, will be for someone else to drop out.  (That number includes free and gratis accounts to the media, etc...)  Subscribe now and get the first three months at a discount...only $99.95/mo.  Regularly $139.95/mo.

NAVIGATION:

  • Platinum Zone (members only)
    • I want to be a guest for a week for free
    • I am a member and want to sign in
    • I want to read about the benefits
  • Bronze Zone

CHART OVERVIEW:  for the real scoop, visit Yahoo Finance


1 Day		 Chart
5 Days		 Chart
1 Year

Commentary

WEDNESDAY NIGHT--OCT 30, 2002:

Another fun trading day!  We were long coming into the morning from 23.80.  As we approached the Attractor at 24.40 I sent an email Alert warning that I was getting ready to take profits.  The QQQs went on up just a little farther than the Attractor, which is a nicely positive sign, but as expected pulled back after the extension.  If you followed my signals, you picked up another pretty profit again today.

INDU - DOW JONES INDUSTRIALS

The Dow Jones is now holding nicely above the trendline formed since the high of May 15, 2002.  We have tested the trendline several times, and we are moving up, though cautiously.  Next Attractor--8530.  That should give you another 100 points up to play with on the DIAs and should also pull up the other indexes holding blue chips.  On the DIA the Attractor is at 84.94, with the next Attractor being all the way up at 91.04.  The Average True Range is about 2 points per day on the DIA, and the RSI is working its way up to the bullish zone at 65.  That says to me that we still have more room to move on the upside.

QQQ - NASDAQ TRUST

On the weekly QQQ chart we are still rounding up toward that Attractor at 26.89, and doing so beautifully.  We could stumble and grumble for weeks or months after we get to that level, but it looks pretty promising that we will get there.  That's another 2 points to play with, and with the current ATR at about 2 points per week, it could take a week to get there.  The daily chart looks like there is really not much resistance between here and 26.19, but probably some resistance when we get to 26.19.

S&P 500 SPooS

The daily SPoos still look like we are about to form a 3rd wave, with the first corrective wave within the 3rd wave happening now.  If that is so, we should have a pullback to 855 on the SPoos, followed by a rapid run upward to (or beyond) 952.  Get ready, because if I'm reading this correctly it will be fast and hard to catch.  The short-term model is currently in a buy signal, with the first resistance overhead at 903.  That's a 4 point move, and no need to be greedy.

We'll be live online with intraday alerts tomorrow, so that's all for tonight.  But, be nimble, be quick and ready to go where the market tells us to.

How Did We Do?
Click here to view archives of past Platinum Zone commentary, including the Weekend Stock Alerts.

Weekend Stock Alerts

We are beginning to see some of our stock picks rise out above the BreakOut lines, so keep your eyes pealed.  AGS is now at 27.42 (triggered at 27), TRMS is now at 53.35 (triggered at 51.69), AAPL is now at 15.98 (triggered at 15.52), just to name a few.  We're on a run here, so take advantage of it while it lasts.

Click Here to go to the Weekend Stock Alerts Archives to view prior weeks' performance.

This week's (10/28/02) Sunny Side of the Street Weekend Stock Alerts:

  Symbol BreakOut Run To Stop Loss Triggered? Goal Met? or Friday Close Net P/L 1000 shares
1 COST 36.75 38.5 35.75        
2 QCOM 37.28 40 35.36        
3 ABS 27 29.39 26.00 27.42      
4 TRMS 51.69 57 49.72 51.69      
5 KFY 9.5 11 9.00        
6 EBAY 63.27 69 61.35        
7 BAC 70.70 72.70 69.56        
8 FCGI 6.40 8 6        
9 ABM 14.50 16 14        
10 AAPL 15.52 17 14.87 15.52      
        TOTAL  

DISCLAIMERS:

Statistics, tables, charts and other information on trading system monthly performance is hypothetical unless otherwise specified, and is based on the referenced systems hypothetical monthly performance as it would be executed through TradeStation Securities if per the contract/account balance and other specifications noted in the performance tables. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these hypothetical statistics, including, but not limited to, starting account balances, market behavior, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system. Fees, commissions, and other expenses are not accounted for herein, and will affect investors net results in actual trading. While the information and statistics given are believed to be complete and accurate, given the hypothetical specifications, we cannot guarantee their completeness or accuracy. THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future. PAST OR HYPOTHETICAL PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

The CFTC requires the following disclosure statement in reference to hypothetical results:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

These trading systems, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA's.

The information contained in this report is provided with the objective of "standardizing" trading systems performance measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report. This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. SUNNY HARRIS & ASSOCIATES, INC, SUNNY HARRIS and/or  DOYEN CAPITAL MANAGEMENT MAKE NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.