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"The Sunny Side of the Street"

TUESDAY NIGHT--January 7, 2003

INDU_D_20030107.JPG (191546 bytes)
Figure 1 - Daily chart of INDU (DJIA)

Today's market was choppy as could be, trying to make it through the resistance that is sitting above all three indexes I watch. It didn't make it today, however... 

symbol  close upper Attractor lower Attractor
INDU 8737 9075 8236
QQQ 26.64 33.23 20.60
SPh03 923.9 963 875
    Remember: only 700 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.
  ...tomorrow's another day.  In Figure 2 you can see the Attractor acting as resistance all across the daily chart of the QQQs.  For 6 months the resistance has held.  I think it is time now to break through to the upside.  It's hard to tell how long it will take, but it seems to be the time.

QQQ_D_20030107A.JPG (169061 bytes)
Figure 2--QQQs daily

In Figure 3 you can see the same entity on a longer time scale, showing "what we're up against."  I am encouraged because of the shape the attack is taking: not sudden and corrective, but nevertheless aggressive.

QQQ_DD_20030107.JPG (163998 bytes)
Figure 3--QQQs daily

The Dow wasn't really up against resistance the way the QQQs were, but it tried hard to break yesterday's high and just spent the day chopping sideways.   See Figures 1 and 4.

INDU_15_20030107.JPG (143223 bytes)
Figure 4--15 minute Dow

The significant thing the Dow did do today was stop its downdrift at the Attractor at 8720.  That's a nice show of strength, as far as I'm concerned.

I issued several intraday alerts today, and from one of them got an email feedback saying "Wow.  Sure is timely advice."  While I don't consider it advice, I'm simply educating, it's nice to get the feedback.  Thanks.

In all likelihood tomorrow will be another attempt to push upward over the highs of the past 2 days.  Any good news would do.  

So, as always, stay nimble, humble  and take small losses and big wins.

 

   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 1/5/2003:

Symbol Breakout Stop Loss Goal  Close if Triggered Profit/Loss
UNM mkt 17.49 19.11
WPI 29.5 27.44 33
AHLS 0.83 0.50 1.4
ASDS 0.46 0.37 0.6
CNXT 1.85 1.5 2.5
JDSU 2.95 2.38 3.5
LGTO 5.52 4.33 7.63
MCHP 26 24 30
PCAR 48.3 46.3 51.6
RNWK 4.06 3.5 5
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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