Bryce Gilmore Price Action Chronicles Vol 2 (2007).pdf

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PRICE ACTION CHRONICLES (C)2007
PRICE ACTION CHRONICLES (Volume 2) - © Bryce Gilmore 2007
The
PRICE ACTION
V2 Chronicles
Price Action in the S&P500 stock index futures
The V2 volume continues on from
Chronicles V1 in July 2007
The two volumes now cover 12 months of
S&P 500 from April 2007
[C] Bryce Gilmore 2007
All rights reserved:
Bryce Gilmore & Associates Pty Ltd.
Queensland. Australia.
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PRICE ACTION CHRONICLES (Volume 2) - © Bryce Gilmore 2007
PRICE ACTION CHRONICLES
PRICE ACTION METHOD:
Our price action method is an approach to short term trading
opportunity created out of the market money flow and the repetitive
ongoing geometric swing structures that dynamically repeat over and
over again.
Our method is also based on the continual and repeating habits
employed by “smart money” market participants.
It is amazing how you can predict and participate in a lot of the
shorter term market moves with this method on a day to day basis.
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PRICE ACTION CHRONICLES (Volume 2) - © Bryce Gilmore 2007
Price Action Chronicles – Volume 2
CONTENTS:
Cover, Contents and disclaimers
1-4
Chapters:
1
The FOMC June 28 th , 2007
5-21
2
End of Q2 and the 1 st Half
22-27
3
4 th July Holiday week
28-33
4
Back to business as usual
34-56
5
Q2 Earnings Period
57-78
6
Back from holidays
79-114
7
Chart Roundup
115-117
8
Is the high for the year in?
118-142
9.
After Thanks Giving day
143-163
10.
Sub Prime woes continue 2008
164-175
.
ix
6
12. Appendix 2 - April 2008 177-193
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PRICE ACTION CHRONICLES (Volume 2) - © Bryce Gilmore 2007
This communication has been authored by Bryce Gilmore certain proprietary terms and routines are
subject to personal copyright: Some rights extend back to 1987.
Bryce T. Gilmore [C] 2007
It is illegal to transmit, copy, print or pass any portion of this book to any party without the permission of
the author. - please read all of our disclaimers below.
Price Action Chronicles V2 – One day at a time – Edition – [c]2007-8
DISCLAIMER : Edited by Bryce Gilmore (C) 2007
Conditions of supply : read this
This communication has not been prepared by taking into account the financial circumstances and
investment needs of any particular investor; and investors using this book as advice should therefore assess
whether it is really suitable to their own circumstances and investment plans; and before acting on any
educational investment advice contained in this book, you should contact your own licensed investment
adviser to consider whether the advice is appropriate in light of your particular investment needs.
Technical education is a hypothetical study of markets and because it may have worked in the past there is
no guarantee it will work in the future. You must understand that trading approaches using technical
analysis is a matter of probabilities, as is every avenue of speculation.
The author is not a Broker or registered Investment Adviser and therefore is not licensed to give trading
advice of any sort or make specific trading recommendations.
All charts and comments are offered for educational purposes and are the personal opinion of the author.
The author's opinion is not meant to be construed as an invitation or solicitation to trade, for trading advice
consult your broker or licensed investment advisor.
Notice read this - To comply with the ASIC IDS guidelines (Internet Communication of security
information)
ASIC recommends before acting on the basis of what is said in this communication you should review:-
(1) Asic's web site at www.asic.gov.au has a list of licensed advisors.
(2) Visit Asic's consumer website www.watchdog.asic.gov.au for general guidance about investing.
For a further overview of the purchase terms and conditions see:
http://www.wavetrader2004.com/
PUBLISHED BY:
Bryce Gilmore & Associates Pty Ltd
Bryce Gilmore - Proprietor
Inc. 1983 - ABN 63 006 187 686
6 Heywood Place, Helensvale. QLD 4212.
Australia
Phone/Fax 61-7-5573 5510 - Mobile 0419-576 923 - Email: bbg144@bigpond.net.au
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PRICE ACTION CHRONICLES (Volume 2) - © Bryce Gilmore 2007
Chapter 1
The June 28 th FOMC announcement is not far away:
We are continuing on from the CHRONICLES Volume 1. Today is only the 22 nd
June, 2007 so there are a few or more days to go before the market either
receives good news or bad news and right now the speculators are positioning
around their own views.
It is worth a look at the overall SPX position at the moment as it could hold a
conflicting technical view to the OEX as just the other day the OEX went to a
new high and the SPX couldn’t quite do the same.
I guess before we go on I should say that the current price action in the past 2
days has been extremely volatile. There is a side to this market who think the
BULL PARTY is never going to end and another more sensible side who are
unloading risky positions. Then there are the BEARS, these guys are selling at
every technical opportunity presented.
Underlying all of this is the day trading money that is just buying or selling short
term opportunity on technical support or resistance levels as they come along.
So you could say that right now there is a battle going on between the giants
and the day traders are taking advantage of it backwards and forwards. This has
been going on for 3 weeks now in larger than normal daily ranges.
Chapter 1
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