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"The Sunny Side of the Street"

Commentary

TUESDAY NIGHT--11/05/2002:

It's no wonder I had trouble reading the charts last night, for today's (Tuesday's) market activity.  It was just a choppy sideways market today.  On Monday night I felt ambivalent about whether to take the short trade because of the Attractor at 26.00 on the QQQ (85.20 on the DIA and 903.05 on the SPoos ).  Tuesday each of those markets spent the day playing with the Attractor, bouncing mostly underneath, testing to see whether it could go above the Attractor and stay there.  ...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...  As I said, unless something dramatic happens on the open (and it didn't) you'd find me shorting.  So that's where I am now--holding short positions--at a loss, I might add.  Nevertheless, I am being conscientious and following my system.  By now, most of you Platinum Subscribers have figured out what my trading system is.  If you haven't, click here and read the White Paper on Using Sunny's Trading Strategy.  Most of it is mechanical, but the finessing part is discretionary, based on many years of being glued to the screen, watching the markets tick.  

In summary, I'm short the short-term and long the long-term.  I think it will be rough going for a few weeks until we blast through the overhead Attractors on the long- and short-term charts.  Over the past 4 months the markets have not been able to break through their long-term overhead Attractors (26.22 on the QQQ, 9054 on the Dow, and 900 on the SPoos).  Because of the double overlapping cycles I keep talking about, I think that we will struggle for a short time and then blast through to the upside.  It wouldn't surprise me to see 964 on the SPoos during November.  (That would translate to 28.55 on the QQQs.)

...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...  

Rydex folks, hang in there.  All of the Technical signs point to an impending up market for the time being.

Stay nimble!  And, happy trading.

CHART OVERVIEW:  for the real scoop, visit Yahoo Finance


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Weekend Stock Alerts

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

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 
for the week beginning 11/03/02:

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

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