Current views, speculations and
suggestions
(good till close of business today). These
are technical in nature
only, not fundamental.
March Emini S&P: positive with support at
1087.50
March Emini Nasdaq: positive with support
at 1787.00
March Mini Dow: positive with support at
1023
April Gold: negative with resistance at
1107.0
March Silver: negative with resistance at
16.08
May Copper: positive with support at
321.00
Mar Yen: positive with support at 110.60
Mar Swiss: positive with support at 91.72
Mar Euro Currency: negative with
resistance at 136.00
Mar Canadian: positive with support at
93.96
Mar British Pound: negative with res at
154.50
Mar Aussie: positive with support at 87.95
April Crude: positive with support at
78.68
April Mini Natural Gas: negative with
resistance at 4.93
May Soybeans: positive with support at
9.44
May Wheat: negative with resistance at
5.18
Mar Ten Year Notes: positive with support
at 117.27
Mar 30 Year Bonds: negative with res at
118.19
June Eurodollar: positive with support 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.
********************************************
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.