Current views, speculations and
suggestions
(good till close of business today). These
are technical in nature
only, not fundamental.
Mar ES: neg with res at 1077
NQ: pos with support at 1734
Mar Mini Dow: neg with res at 1011
Apr Gold: neg with res at 1086.00
Mar Silver: neg with res at 15.68
Mar Copper: potential reversal day
Mar Yen: neg with res at 112.00
Mar Swiss: potential reversal day
Mar EC: potential reversal day
Mar Canadian: neg with res at 9402
Mar BP: potential reversal day
Mar Aussie: neg with res at 8796
Mar Crude: neg with res at 74.80
Mar Mini Nat Gas: neg with res at 5.41
Mar Soybeans: neg with res at 9.39
Mar Wheat: neg with res at 4.88
Mar Ten Year: potential reversal day
Mar 30 Year: potential reversal day
June Eurodollar: neg with res at 99.59
N.B.: if you initiate a trade using ANY of
these
numbers use a STOP at least equivalent to
2 ½%.
Repeat: use Stops. Don’t think about using
Stops.
Use Stops. Some find it appropriate to
look at the
margin requirement and use that as a Stop
or if
it’s a steep initial requirement, use
half. But
whatever you do, stop thinking about any
other
alternative and use Stops.
for those
without accts use 999999 and 1798 as a pin
for access. (pin
changes monthly)
********************************************
Futures trading entails considerable risk
and is not for
everyone. An account can lose more than
its initial investment.
Stops are not necessarily filled at the
stop level. Past
performance is not a guarantee of future
results.
Charles Kespert
***********************
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, AL TRADING DOES
NOT
INVOLVE FINANCIAL RISK, AND NO
HYPOTHETIOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF
FINANCIAL RISK IN 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
OF WHICH CAN ADVERSELY AFFECT ACTUAL
TRADING RESULTS.