Daily Market Direction Bulletin

Updated:

Thursday 04/25/2002, 11:30 PM

PST

Short-term Trend

<04/23 Tue> So far 1120 is void for the time being. This 1095, 1085 are still valid on our map before End of Thursday. Bad reports could make it happen earlier than expected. Trading range 1115~1095, 1085 for the rest of the week, unless daily close 1115 two days in a row. Better day trade.

Symbols: SP02M=SP June future, NQ02M=Nasdaq June future. COMPX=Nqadaq

Attempt trade for

04/26/2002

Friday

< SP02M >

1 pt = $250

< ES02M >

1 pt = $50

Resistance is 1098-1100. Support 1085 (spike 1080).

Without report, the trading range should be 1100-1080.

Depends on GDP report. If GDP report is bad, 1080.50 will be hit before 7:50AM.

If GDP report is bad and opening is at 1093 area, then 1098 should be resistance for short.

Opening update: Just short 1097+ with 1098 stop and use trailing ...;

1085 vilation will trigger 1080 target, 1077 violation will trigger target 1070.

[Result: Open 1095.25, High 1097.25, low 1070.25, closed 1071.25; we shorted from opening 1097 with 1098 stop, took profit at 1081-2; shorted again 1087.25 with 1 point risk, took profit at 1080-78; shorted again at 1079.25 with 1081 stop and trailing to MOC profit taking at 1071.25.]

<COMPX>

Dow Jones

STOCKS-DMD

Wild Card

Must Read

(1) Order Entry & Trading Tips	(5) FOMC Meeting schedule
(2) 1/2 Trading Strategy	(6) About limit Down
(3) Manipulation on Stock Rating	(7) Compare our trades to other's
(4) Holidays Trading Hours

	[1] DMD Bulletin regular update time, 23:00~00:30 PST.
	[2] All time Pacific Standard Time for both DMD and all War Rooms.
	[3] Stop level and target applies to Globex as well, unless specified otherwise.
	[4] Our actual trading size may be larger and more aggressive than the posted.