EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for October, 2008

G-Pumpkin. Treak or Treat?

Thursday Forecasat

The EMF tentative forecast for the trading week ending November 7th is now
posted.

http://eminiforecaster.com/members/weekly.php (click “next week”).

The forecasts, alerts and updates continue to run well with substantial
volatility. Under these circumstances, trading remains difficult.
Controlling leverage is paramount. If required, this can be done with
options or unleveraged instruments such as SPY. The alerts this week
traded per the training (buy or sell at a 40 minute high/low) are up
$5400, but to have been able to trade them such risk management as
suggested above would make that possible without scaring you out of your
account. The forecasts are also up a similar amount over the last week.
By scaling the leverage down, you could return in excess of $1000, for
example with 1/5th the risk or $2600 on a risk of ½ etc. etc. etc…

We currently see the market down into Monday-Tuesday, up into Thursday and
then down from there. Considering the forecast is already up, entering new
longs at higher levels bears increased risk. Keep this in mind. Typically
we do not comment on the forecast on a 2 day time frame, however this
cycle seems to be persisting, so trading in this cycle may be lower risk.

Key levels to take note of are currently 918 to the downside. Beneath
that, 900 is relevant. To the upside 992 is key and then 1000. We have
seen a lot of congestion around the 951 level we put out from last week
for the last day and a half. Departure from this level is to be
expected.

We have an election on the 4th which should bring some action. The
forecast scenario we see now does make some sense in this respect. Again,
be careful of the volatility.

You may note the forecast is a bit cavernous later in the week. This is
due to the ranges we are seeing and therefore may be a bit exaggerated.
On the large scale, we do show down from Thursday AM at this writing.

If you are making tons of cash (and based on emails we are receiving, many
of you are), remember the forecasts are not always perfect … protect what
you have made ;-)

We wish you the very best in your Trading,

Rob, Vadim and the EMF Staff

Amazing G-Line Forecast So Far!

Picture is worth a thousand words -

10AM Morning Update for 10/28/2008

Please be aware, without respect to the EMF forecast,
price action this morning is bullish suggesting potential upside movement.

** ALERT ** Time= 1005: The current price action is bullish. Long positions taken on
downside retracements may be beneficial between now and the close.

And here is how our forecast is panning out so far -

10-27 Monday Results

Here is an alert from this morning -

10 AM Morning Update for 10/27/2008

Please be aware, without respect to the EMF forecast, Price action at this time is bearish suggesting potential downside movement.

** ALERT ** Time= 1005: The current price action is bearish. Short positions taken on upside rallies may be beneficial between now and the close.

And here is a G-line from today -

Week ok 10-24-08 Results

Another volitile week. The forecast overall did not pan out exactly as was projected, however individualy (daily) it performed pretty well -

Monday -

Tuesday -

Wednesday -

Thursday -

Friday -

Sunday Forecast

The EMF official forecast for the week ending 10/30/2008 is now posted.

http://eminiforecaster.com/members/weekly.php

We expect the market to be up this week. Please make note there is a
modification from last Thursday’s tentative forecast. We had previously
expected a mid week correction, but it appears the cycle has shifted a bit
due to Friday’s strong reaction to the overseas markets. This mid week
reaction tendency may still exist, but seems to be lessened. Forecasting
with the overnight ranges being so large also remains difficult.
Therefore, keeping on top of the alerts continues to be a good strategy.

Last week the alerts posted another $1500 in gains (approximately on the
Emini S&P contracts) traded from entry to the close. However, the ranges
remain crazy and difficult to trade. As a result, keeping it short term
where risk is more easily managed is a prudent strategy.

Key levels on the upside are 920 and the 951 area. This is a good ways
away, but lately it is certainly possible. Be cautious of the possibility
of fierce and sudden rallies. On the downside, 840 is key and is a
significant multi year low. If we go through this on any news driven
volume, we could see significant new lows, so be cautious there too.

Many news events and reactive behavior on the part of investors, keeps
things interesting, so manage your risk wisely by entering at or near
recent highs (on shorts) and lows (on longs) where possible.

We wish you the very best in your trading in the coming week. Many new
and exciting things are in the works for your benefit such as the new
platform, software and trading tools and systems.

All the Best,

Vadim, Rob and the EMF Staff

Tentative Forecast

The EMF tentative forecast for the trading week ending 10/31 is now
posted.

http://eminiforecaster.com/members/weekly.php – click “next week”

We are seeing a low coming in mid week (Wednesday mid day) and continued
upside from there.

On the upside as of this writing, we see key levels at or about the 951
area. From there, the 980 area is key. Today’s low, the 857 level is key
along with levels posted previously, the 837-841 area.

The intraday ranges remain high- Taking profits, such as at or near
previous swing highs and lows continues to be prudent. The forecast was
up today, but the alert was down. Today the market ran from around 915 to
865 and then back to 915 again; down 5% and back up 5%. That is just
plain not normal, but I notice I have become accustomed to it too. Use
caution.

The intraday alerts, are up roughly $2500 so far this week per the method
proposed in the training even though Monday and today ended up being
losers. Most members writing to us though did not allow a huge winning
position turn into a loss, so hopefully you have done better than the core
amount.

We will have more on Sunday.

Update #1

The new platform is in the final stages of development and testing and
should be available very soon. There may be a few bugs but the wait will
have been worth it. The platform now has the following symbols: ES, NQ,
YM, SPY, QQQQ, DIA. We should have the much requested email updates and
alerts very soon too;-)

Update #2

We have also been working on a premium trading service for our members
since June of this year and it is almost finalized, we will be inviting
about 20-30 of our members to test out the new service for free in BETA,
stay tuned for an invitation email yearly next week. We cannot share too
much about it right now but it is basically a way for people to follow our
trades. A lot of people ask us how we trade, when we trade, what we trade
and so on, so we decided to offer a solution for you… more details
soon.

We wish you the very best,

Rob, Vadim and the EMF Staff

Monday Results!

Here is an alert from this morning -

10AM Morning Update for 10/20/2008

Please be aware, without respect to the EMF forecast,
price action this morning is bullish suggesting potential upside movement.

EMF Morning alerts can be used to manage risk or for trade confirmation.
We currently have a gap or lapse condition of 14.75 points.
Please be cautious of the impact of morning gaps on price action.
Further alerts will be provided if market conditions warrant.

** ALERT ** Time= 1005: The current price action is bullish. Long positions taken on
downside retracements may be beneficial between now and the close.
If we have rallied > 40 points in the near term, then successful
long trading may be diminished

“thanks for another $2500.00 i made today. it was not till i signed for the service with eminiforecaster before making some real money.” – Sean

Here is our G-line from today -

Sunday Forecast

The EMF official forecast for the trading week ending October 24th is now
posted.

http://eminiforecaster.com/members/weekly.php

There is no change from the tentative forecast. We expect the market to be
up next week through Friday October 24th.

On the upside, 968 is key but 1000 is more likely. Beyond that, 1050 is
key.

To the downside, we see the 865 area and the 837-841 area. Moves below
this would be a new annual low.

Friday was a very crazy day. We had mentioned this was option expiration
and increased volatility was anticipated. Daily ranges continue to exceed
50 points or more than 5%. We urge continued caution. As previously
mentioned, heightened volatility is generally associated with future
downward moves.

We wish you the very best in your trading.

Rob & Vadim and the EMF Staff