NAVIGATION:
|
|||||||
"The Sunny Side of the Street" |
|||||||
CommentaryMONDAY NIGHT--11/04/2002: By golly I hope at least some of you subscribers out there caught those last few trades! Today's was a doozy! After holding long for 3-1/2 days I nearly called the top today, sending out an alert that because we were pushing up against a strong Attractor, that I was going to exit my long trade. I exited at 26.20 at 7:12amPT, pulling $6,600 profit out of the QQQ market. The print high on the QQQs was at 9:45amPT at 26.63. Ok, that's great--but, what's even greater is that right after the print high, the market turned around and headed straight down 163 Dow points. ...Continued... |
|||||||
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. | |||||||
...Continued... Now what? The last few days have been really tough to call, and tonight's the toughest of all. My system says to go short at current levels, so that's what we will do. It bothers me, though, because at 8547 on the Dow we have a strong Attractor (call me during market hours at 888-68-SUNNY if you want me to explain what I mean by Attractors) at 8547 and today's print low was 8549. That's close enough to produce a bounce tomorrow morning, rather than a short trade. So, Platinum Subscribers, tune in for an email SSS Alert between 6:30amPT and 6:45amPT Tuesday morning, and I'll decipher what the market is saying technically after the open. ...Continued... | |||||||
Don't miss it--Sunny only gives a few trading seminars each year. She calls them "Solving the Puzzle" because she puts all the pieces together into one cohesive plan for you to become a better trader. Make it your business! Enroll Now--she only takes 15 students. January 17-19, 2003. | |||||||
...Continued... The Dow
is sitting right on top of its Attractor, the QQQ is sitting right on top
of its Attractor, the SPoos are sitting right on top of the
Attractor...and we are flat because I read the action at the upper
Attractor as likely to produce a pullback--which it did. I've been
thinking all night about strategy and Technical Analysis in order to write
this commentary.
One important piece of the puzzle is that the overlapping cycles are still headed upward. That speaks for a sharp bounce off the open Tuesday morning. The next puzzle piece shows me an RSI that has just touched its upsloping support trendline, and could easily take a bounce. A counter measure, however, is that the 4th Wave Elliott could just take us on down to the tops formed by yesterday's highs, which would be about 25.00 (a nice Gann number) on the QQQs. When in doubt, choose the system. So, unless something compelling happens at the open, you'll find me shorting. Stay nimble! And, happy trading. |
|||||||
CHART OVERVIEW: for the real scoop, visit Yahoo Finance Weekend Stock Alerts
We had a mixed bag for the stock picks from last weekend (10/28/02). We won on some, we lost on some. But the net result was that we made an even $3,000 profit! Sunny Side of the Street Weekend Stock Alerts
|
Symbol | Breakout | Goal | Stop Loss | |
ACK | 1.78 | 2.39 | 1.50 | |
ATI | 7.49 | 9.89 | 6.69 | |
BBBY | 36.20 | 38.00 | 35.21 | |
BCC | 25.24 | 28 | 24.25 | |
CBE | 33.04 | 37 | 30.29 | |
CNXT | 2 | 3.5 | 1.25 | |
PBY | 12.25 | 13.5 | 11.43 | |
XRX | 7.14 | 8.00 | 6.56 | |
GLW | 2.5 | 10 | 1.5 | LONG TERM |
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.