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"The Sunny Side of the Street"
SUNDAY NIGHT--12/15/2002:
Remember: only
800 more 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.
Figure 2
The SPX is also in a position to take a bounce upward (Figure 2) as it too is sitting right on top of its most recent Attractor.
These technicals make the think that what is about to happen is for the big institutions and money managers to clean up their year-end portfolio holdings during the last few weeks of the year by dumping NASDAQ stocks and buying into the blue chips.
BRING A FRIEND AND GET 1 MONTH FOR FREE. For each person you refer to The Sunny Side of the Street (and who subscribes) I will give you a free month on your personal subscription. This is a word of mouth business, and I need your help to spread the word. If you tell a friend, just email me his name/email address, and if he/she subscribes you will get the credit, and a warm welcome thanks from me.
Traders, I am short the SPY and the QQQs on the intraday charts. Price is pushing the Sunny_Bands downward and RSI is below 40, into bearish territory. This last 2 weeks before the end of the year can get pretty volatile with people taking time off work, vacations, and institutional window-dressing all going on, so I'm staying on my toes ready to move quickly.
Investors, my model is still long the QQQs, Dow and S&P, but using the Sunny_Bands I took profits 12/02 when price moved downward off the upper bands. Until something changes and I either get a sell signal or a bounce above the sell out point, I'm in "do-nothing" mode.
I'LL MAKE YOU ANOTHER OFFER. Send a friend my way for one of the upcoming seminars, and I'll give you $250 cash. Take your loved on to a nice dinner out on me.
As I told my audience at the OUGA meeting in Los Angeles Saturday morning, I think that money and interest is moving away from stocks and into commodities. That's one of the key questions I ask over and over, "where's the money?" So, if that's true, and money is right now in the commodities, maybe we should take a look at some of the most liquid ones.
Just as starting observations in Technical Analysis, my model is long soybeans, short hard red winter wheat, long pork bellies, and it just went short Coffee two days ago. Coffee has an Attractor at 54.30, so it looks like it could go a little further down. The model is also short corn, and went long sugar at Thanksgiving. I'll watch these charts for a while to see what happens, but that's how it looks from where I'm sitting.
If you are thinking about trading commodities, remember to look in
"Stocks & Commodities" magazine at the Liquidity Table, and
only pick from the top 20 or so. You need liquidity to trade--don't
buy something you can't sell.
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.
AND..to match Larry Williams' offer, on Friday we will be trading real-time,
with real money. I will split the winnings with the
class, and if there are losses I'll keep them for myself. Just
think...the seminar could be free!
None of the stock picks from last week broke out above their "breakout" levels, so no buys were triggered. Nothing ventured, nothing gained--and nothing lost.
Weekly Stock Picks for the week beginning 12/15/2002:
(Last week's picks made a profit of $0. Click Here to view the picks for last week, in the Archives.)
| Symbol | Breakout | Stop Loss | Goal | Close if Triggered | Profit/Loss |
| NSOL | 0.78 | 0.62 | 1 | ||
| AMCC | 4.11 | 3.63 | 5.28 | ||
| ADCT | 2.24 | 1.64 | 2.81 | ||
| ADBE | 27.18 | 24.73 | 32 | ||
| WIN | 15.3 | 14.02 | 18 | ||
| WPI | 30.12 | 28.15 | 33.5 | ||
| STI | 60.25 | 56.63 | 68 | ||
| SLE | 22.77 | 21.56 | 24 | ||
| RBK | 28.38 | 27.04 | 30 | ||
| FO | 50 | 47.36 | 54 | ||
| TOTAL |
AND... if you are a TradeStation user, you need to
attend "TradeStation Made Easy"
February 7-9, 2003. Sunny knows TradeStation and EasyLanguage
as only another Trader could, and the class is more engaging and jam
packed with useful information than any other class you can find, at any
price. Enroll
Now--she only takes 15 students. And, the same real-time
trading offer applies.
