emini daytrading trainer wanted

Hello Everyone,


Hope you enjoyed your weekend and started your trading week the right way.

Today's e-mail:
1.Recap
2.Upcoming Reports
3.Support and resistance for Tuesday
4. SP 500 chart (Daily Cash)

1. Recap:
Equities rallied as concerns over suspect accounting practices abated. Optimists came back out from their hiding places and started buying up stocks at some bargain prices after the dismal market performance last week.

With little in the way of market altering news today, traders are speculating on the numbers to be released for retail sales Wednesday, and producer prices, industrial production, and consumer sentiment on Friday. This Friday is also triple witching.

Light volume today.

The March S&P 500 index closed higher perhaps confirming last Friday's key reversal up. Session highs fell just short of testing this winter's downtrend line crossing near 1113.70.

I personally see the 1116.50 level on the March SP as a crucial level to watch (also on a closing basis).

2. Reports for this week (central time)

DATE
CST
PERIOD
RELEASE
REFCO
MED
RANGE
PREV



2/12
8:00
w/e 2/9
BTM/UBS WARBURG SALES



-0.7%

TUE
8:00
w/e 2/9
INSTINET REDBOOK



+3.9%










2/13
7:30
JAN
RETAIL SALES
-0.3%
-0.2%
-0.7%/+1.5%
-0.1%

WED
7:30
JAN
RETAIL SALES EX AUTOS
+0.5%
+0.3%
-0.5%/+1.4%
-0.1%


8:00

FED PRES POOLE SPEAKS ON








THE ROLE OF ANECTDOTAL INFO














2/14
7:30
w/e 2/9
INITIAL CLAIMS



376K

THU
7:30
DEC
BUSINESS INVENTORIES

-0.5%
-1.0%/-0.3%
-1.0%


7:30
JAN
IMPORT PRICES

+0.1%
-0.5%/+0.2%
-0.9%


7:30
JAN
IMPORT PRICES EX-OIL



-0.3%


12:20

MINN FED PRES STERN SPEAKS ON








STATE OF REGIONAL ECONOMY








3. Support and Resistance, courtesy of Al Bicoff and technical Analytics (free trial is available)

S&P H NASDAQ H DOW H BONDS H

RESISTANCE RESISTANCE RESISTANCE RESISTANCE
1,152.50 1,645.00 10,165.00 106.00
1,146.00 1,623.00 ******* 10,118.00 105.22
1,140.00 1,600.00 10,092.00 ******* 105.12
1,136.60 1,568.00 10,056.00 105.05
******* 1,130.00 ******* 1,530.00 ****** 10,020.00 ****** 104.29
****** 1,126.00 ****** 1,520.00 9,985.00 104.18
***** 1,120.80 1,503.00 9,948.00 ***** 104.06
**** 1,116.00 ***** 1,485.00 ***** 9,905.00 *** 103.28

CLOSE 1,110.20 CLOSE 1,473.00 CLOSE 9,865.00 CLOSE 103.19

SUPPORT SUPPORT SUPPORT SUPPORT
*** 1,104.60 *** 1,456.00 *** 9,840.00 *** 103.08
**** 1,100.20 1,442.00 ***** 9,815.00 **** 102.30
***** 1,095.00 ***** 1,430.00 9,762.00 ***** 102.21
1,089.50 ****** 1,405.00 ****** 9,706.00 ****** 102.13
****** 1,083.00 1,380.00 9,645.00 ******* 102.01
******* 1,076.50 ******* 1,353.00 ******* 9,620.00 101.25
1,070.00 1,320.00 9,585.00 101.15
1,064.00 1,298.00 9,521.00 101.04




4. SP 500 chart - The following chart is courtesy of Elliot Wave International:

http://www.elliottwave.com/




























The following commentary was posted on the Elliot Wave site:

"Steady improvement now has S&Ps at the brink of a break out. Corrective action that can hold this level should set up for a further run to 1135. The cash S&P reversed higher in what might be a bullish "thrust" out of the triangle."





Please contact me with any questions and have a good trading week!



Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
 
Yannis,

I know about as much about TCI as there is to know from
visiting their website, speaking to their salespeople, I even
spoke to the CEO. But I sure would like to hear what a
bona fide customer has to say. After all, you paid $6,000
for a 2 day course which, as far as I know, for the most
part teaches you how to use their software.

Richard
 
Richard,

TCI's system came out in October 2000.

Would I pay 6,000 for their method now? the course was good, but the biggest advantage was that it gave me their whole perspective in trading, which I still consider quite complete. On the other hand, someone else took it and he could only remember a vague conversation about stochastics. Which goes to show you that you get what you are ready to receive, no more :-)

They came out with the policy a couple months ago, that you do not have to have taken their training to get their system - you just pay a bit more per month if you haven't. Not a big difference, as I understand it: instead of $250, you will have to pay $300/month.

Given those prices, it might pay for you to talk with them and get your questions answered. See if they'd let you take a peek at their posted track record: my experience says that this is a true compilation of real signals - but with no slippage and commissions taken out. Still the number of trades is there, and you could estimate what the net result on your bank account would have been. I still cannot find a system with a better track record, especially for their s&p swing trading system.

If your conversation with them goes well, then subscribe for a month or two and see for yourself. After that, if you decide to also get their training, do it. Otherwise, either quit, or just stick with the system. Makes sense?

Take care,

Yannis1
 
<<<Time Frame

Hello Dave,

The 10:30 time frame you mention is that central time or eastern?


Best regards,


Trapper>>>


Sorry Trapper...

Eastern :)

Dave
 
I've noticed a number of these "x points per day is a joke, i usually do 100x points per day, no biggie!" posts.. now how many of these people have offered useful help to Funster and the rest of us, in or after their bragging post?.. If you are so good please try to help the people who are struggling.
 
<<bragging or helping?
I've noticed a number of these "x points per day is a joke, i usually do 100x points per day, no biggie!" posts.. now how many of these people have offered useful help to Funster and the rest of us, in or after their bragging post?.. If you are so good please try to help the people who are struggling.>>


LOL...

Hey... we've gone to the school of hard knocks.. paid our dues...

do you honestly expect us to just tell you what to do?

Get in the market and learn, like we did...

and until you do... I'm gonna continue taking your dough :)

Happy Trading!!

Dave
 
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