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"The Sunny Side of the Street"

WEDNESDAY NIGHT--12/25/2002

SPX_D_20021225.jpg (193662 bytes)
Figure 1 - Daily SPX

Definitely a low volume, low interest day, on the day before Christmas (Tuesday).  Wednesday there was no trading due to the Christmas holiday.  Tomorrow (Thursday) and Friday are both likely to be just as lack-luster with most people taking of during this long holiday.  The markets will be open regular hours Thursday and Friday, and will have a short day again on New Year's Eve.  And, of course, it will be closed on Wednesday Jan 1 for New Year's Day.

symbol  close upper Attractor lower Attractor
INDU 8448.11 9075 8236
QQQ 25.4 33.23 20.60
SPh03 891.00 963 875
    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.
  I would expect similar low volume, range trading for the next few days, until we get past the holidays.  Of course, this is assuming no bad or exceptionally good news which would put a bleep into the currently bleepless charts. 

indu_d_20021225.jpg (172368 bytes)
Figure 2

Both in Figure 1 and in Figure 2 you can see that Tuesday's trading activity  hardly shows up on the charts.  Small activity like Tuesday's is probably what we will see until January 6.

TRADERS:  My intraday model did not move from a buy to a sell on Tuesday, probably because of the slow rounding of the formation.  But, it is very, very close to a sell signal, and if we move down first on Thursday morning it will probably go into a sell signal.

INVESTORS:  My daily model has moved into a sell signal, which as investors just means stand aside and wait.  I only go long stocks, and do not short them because of margin requirements and the up-tick rule.  So when my model moves into sell, I simply exit my long term positions.

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.

So, be nimble, be quick and be ready to exit questionable trades, take small losses and capture profits when you can.   This next few weeks should be pretty much zig and then zag.

 

   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 traderMake it your business!  View the syllabus--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!

 

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.)

12/17/2002 -- We are getting really close to some of the breakout lines, so keep watching.  NSOL did break the line today, so the model is now long NSOL.  

Symbol Breakout Stop Loss Goal  Close if Triggered Profit/Loss
NSOL 0.78 0.62 1 yes
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.

CHART OVERVIEW:  for the real scoop, visit Yahoo Finance


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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.

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