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  THE INVESTORS EDGE           

 

 

 

 

PULSE SCAN S&P 500 Index Futures Daily FORECAST

 

Thursday August 07, 2003. 07.30am EST.
Pulse Scan Daily Forecast
By Pulse Scan Technology

http://pulsescan.tripod.com/pulsescantechnology

 

 

Daily Forecasts

Kindly note that forecasts are updated weekdays between 7:30p.m. And 09:30a.m. (EST). Please click on the link

above or below to access the full website. Good luck and good trades. Also, do to changing market conditions the

below commentary and its precise entry and exit points, stop-loss levels and positions could change without notice.

Positions also could be liquidated, and/or new positions added without notice. Thus, the below commentary could

change so be aware of this before trading.

If you have any questions feel free to call me @ (240) 299-5447 or e-mail me @ ninilamar@lycos.com

 

 

                                                  

CHICAGO MERCANTILE EXCHANGE CME

 

FUTURES CONTRACTS

50 DAY TREND

PROJECTED Close

Pulse Scan SWING VIX

Ticker Symbol: ESU3 / $SPX

 

 

 

E-mini S&P 500  (GLOBEX)

Support @ 977.50

 Above 965.00

*** -  .26 HEADED LOWER!

 

 

 

Pulse Scan Daily Market Commentary

 

 

 

 

 

MARKET OUTLOOK: E-mini S&P 500 / $SPX

Early US session                           

 

 

 (TODAYS TECHNICALS)

 *TITLE/TOPIC:  The New Bear Market

 

*CHART: The Chart is NOW technically Bearish.

*PULSE SCAN: (The Pulse Scan SWING VIX Indicator):  The indicator has lost upside momentum and is now on the side.

*SO WHAT?  "NO TRADE ENTRY DAY - in the E-mini S&P 500.  Watch for the GAP on the Open and trade the RVSL accordingly.

 

*MARKET WATCH: Yesterdays price action has now decidedly turned Bearish.  The S&P 500 managed to close below the 50-Day Trend Line support and well below the 10-Day support as well. This could very well be the beginning of the next Bear Market. The

True Test could come later this morning when the Employment numbers come out.

 

Bond Watch: Expect steady to slightly lower interest rates today. The 10-year Note is now in a Bear Market. ALL rallies should be faded (Shorted) i.e. expected to short lived. Homeowners should lock in rates today on Refinance loans. Interest rates should continue to climb into the fall UNLESS we get a significant sell off in the stock market. Once fear and panic set it then the Bonds should be able to rally back into Bullish territory. However, until then expect interest rates to continue to climb. Steady to slightly lower rates are expected today.

 

Day Trade Entry: (E-mini S&P 500 FUTURES) Buy @ 976.00, Stop-Loss @ 971.00, Profit Target @ 982.00

 

 

 

MARKET TYPES

 

*"GAP-MOVE" ENTRY Days: These days are more common after a significant rally or sell-off they appear during a brief

 period of consolidation within the trend. You must remember to watch the market and wait on the pullback before fading

 the GAP and entering the trade. However, watch for the whipsaw that is more common on these days especially when

taking on the reversal.  

*NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

*"BREAK-OUT" ENTRY Days: These days are less common but have a very high accuracy rate and are major trade signals. These types of breakouts tend to be very powerful moves and are typical within the current market trend. Usually, they occur while in a brief consolidation within the current trend after a strong move (but not always).

*NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

*"TRENDING" ENTRY Days:  These are days were the market is expected to rally after a pullback. It should be noted that although it is also possible to get whipsawed on trending days as the market tends to run out of steam and consolidate intra-day these trades tend to yield substantial profits as the market begins to break out into higher highs as the trend begins to resume. *NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

 

 

*(THE BIG PICTURE!)  Both the Ten-year Note and the US Stock Market have run their course. As a result Interest rates should remain steady to slightly higher. We may have seen the end of the historic lows in short-term interest rates. Bonds wont recovery until we see a significant sell off in the stock market, and/or the Fed starts buying back the long end of the yield curve in a last ditch effort to prop up the economy. The only thing that is holding this economy together right now is the Real estate market (especially the Refinance Boom!). Once that bubble pops ALL HELL will break loose and that will send the stock market into a parabolic move to the downside. A Bear market of historic proportions. The Fed does not want to see the only thing holding the economy together Collapse because of rising interest rates and a falling Bond market. If necessary the Fed will not only start buying the long end of the yield curve but will also continue cutting interest rates until we see a full economic recovery even if it means rates go to zero!!!   I still believe that the Euro should still outperform the Dollar in the long run as the stock market eventually sells off well into catastrophic proportions thus bringing about fear and great panic abroad. After the next stock market downturn we should consolidate on the next retracement off the new lows and probably wont see a "V" type recovery but instead a very long "U" shape recovery that could last several years or at least until the U.S. economy experiences a full and total economic recovery. However, if our long-term outlook is correct (the S&P 500, NASDAQ 100 and the DOW should drop significantly below there 50-Day Support levels!) If this happens both the Euro and the Bonds should continue on their upward course toward the 1.50 levels and BEYOND without any significant technical damage on pullbacks. However, this is just an opinion and anything could happen between now and then to significantly change the overall perspective as well as the future economic outlook.

 

*NOTE: The "RVSL" - Reversal technique (Shorting instead of Buying or Buying instead of Shorting on the initial entry) should be employed on all GAP-Up or GAP-Downs on the Open (on "RVSL" days in an Overbought/Oversold situation); in conjunction with using the Stop & Reverse once the initial Long/Short Entry Trade has been triggered during Overbought and Oversold market conditions.   *DAY TRADES:  (Unless you are Day Trading you should always use the recommended "Volatility Stop-Loss").  A reasonable profit target on Individual Stock trades is in the $1.25 - $2.25 range with an initial $3.00 - $7.00 stop loss.  The same is true on all Futures trades. A reasonable profit target on Futures trades is in the 1.25 - 2.25 point range with an initial 3.00 - 7.00 point stop loss. You can widen your stop loss or lesson your stop loss and or profit target according to your tolerance for risk. On the Euro/USD FX & Euro Currency Futures contracts you may want to consider a 10-pip profit target w/an initial 15 - 30 pip stop loss. Example: 1.0700 entry point with an initial stop-loss @ 1.0690 and a profit target @ 1.0710. Your best bet is to allow the market to trigger the entry points instead of chasing the market (dont worry if you miss a break-out) and avoid after hours and pre-market trading. In other words dont trade on the close i.e. dont hold over night positions, and dont enter the market until after 9:30am EST if at all possible. NEVER!!! Trade ahead of ANY! Government/Economic report, Earnings News or Fed decision (i.e. interest rate decision) However, there are always exceptions to this rule!

 

*NOTE: It is always better to use the recommended Volatility Stop-Loss recommendation below. This will allow you to avoid choppy sideways movement and help to keep your position safe during intra-day volatility.  Also by using the recommended profit target will help to let your profits run while cutting your losses short. Remember to manage your position with a trailing stop. Don't ever turn a profitable trade into a loser because of greed.

 

 

 ENTRY POINTS:                         Buy / Sell Recommendations

CHICAGO MERCANTILE EXCHANGE - CME

            Entry Point

          BREAK-OUT

Volatility Stop-Loss

 / Profit Target

ESU3 / $SPX

 

 

                 

E-mini S&P 500 FUTURES (GLOBEX)

 * NO TRADE

               @ ---.--

 @ ---.-- / @ ---.--

 

 

*     Recommended trade of the day (highest probability trade). 

** MOC = Market on Close.

*** +. 29 = Overbought (+.40 Extreme Overbought)  /   -.29 = Oversold (-.40 Extreme Oversold)

**** Stop & Reverse.

 

NOTE: BE CAREFUL!! The volatility in this market is amazing and holding positions over the weekend could be risky as anything could happen over the weekend that could adversely affect the position. DONT HOLD POSITIONS OVER THE WEEKEND!!!!

ALL positions are liquidated by the close of each trading session. However, there are always exceptions to this rule!

 

 

 

 

 

*******ALERT********

 

TRADE AT YOUR OWN RISK!!!

 

Please if at all possible try and wait until after 9:30am EST and preferably after 10:30am EST before placing orders. If your trade is not triggered within the 1st hour of trading then CANCEL the order and stay out! AVOID trading ahead of ANY Government report or Earnings news. This will give the market some time to shake out the weak hands. Also, because some stocks including the S&P 500 E-mini FUTURES trade around the clock and/or have after market trading, you will need to wait until the influx of cash has moved into the market from the sidelines.

 

A reasonable profit target on Individual Stock trades is in the $1.25 - $2.25 range with an initial $3.75 stop loss.

The same is true on all Futures trades. A reasonable profit target on Futures trades is in the 1.25 2.25 point range with an initial 3.75-point stop loss. You can widen your stop loss or lesson your stop loss and or profit target according to your tolerance for risk. On the Euro/USD FX & Euro Currency Futures contracts you may want to consider a 10-pip profit target w/an initial 15-pip stop loss. Example: 1.0700 entry point with an initial stop-loss @ 1.0650 and a profit target @ 1.0725.

 

 

 

NOTE:  Don't have time to watch the market? Do you require more than just the standard complimentary service? Do you require more in-depth analysis, market timing and trading signals? You can have it ALL, specific timing signals that are tailored to your portfolio, now available on our Premium service. Please check the website for further details and pricing.

 Or call (240) 299-5447.or email at ninilamar@lycos.com

 

 

THERE IS RISK OF LOSS IN TRADING FUTURES

 

 

 

*VERY IMPORTANT!!!

***************************DISCLAIMER*****************************

 

THERE IS RISK OF LOSS IN TRADING INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCIES.

 

INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCY trading has large potential rewards, but also large potential risks. You must be aware of the risks and willing to accept them in order to invest in the individual stocks, Options on Individual Stocks, Futures, Options on Futures, and FOREX Currency markets.  Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to buy/sell Individual Stocks, Options on Individual Stocks, Futures, Options on Individual Futures, and FOREX Currencies.

 

NOTICE:   Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also since the trades have not actually been executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

 

This is neither a solicitation nor advertisement to buy/sell securities. Neither, Pulse Scan Technologies, its staff nor affiliates are licensed Investment Advisors or Broker Dealers. You should seek professional advise from your financial advisor before making any investment decisions.

 

The author assumes no responsibilities for actions taken by readers. The author is not providing investment advice. The author does not make any claims, promises, or guarantees that any suggestions, systems, methods, trading strategies, or information will result in a profit, loss, or any other desired result. All readers assume all risk, including but not limited to the risk of losses.

 

The past result of any trading or investment system is not necessarily indicative of future performance.

These views/ forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

Pulse Scan Technology tries to ensure that the information provided is complete and correct but information and opinions do change without notice so readers are advised to check back regularly before making any decisions. There may be delays, omissions or inaccuracies in information contained in this website, E-mail, Newsletter, correspondence, and ALL written and/or verbal, Telephonic and electronic mediums. Pulse Scan Technology does not accept any liability in this regard.

 

Copyright 2003 Pulse Scan Technology, All rights reserved

 

 

 

 

 

click here to download file Today's FORECAST (10 Sept 2003)

click here to download Today's Vulcan Report (19 Mar 2004)

The Vulcan Report (30 Mar 2004)

The Vulcan Report of In-Play Stocks (31 Mar 2004)

The Vulcan Report (31 Mar 2004)

The Vulcan Report (01 Apr 2004)

 

 

 

 

 

 

The Vulcan Report of the PulseScan Swing Vix

 

 

 

 

 

 

  THE VULCAN REPORT           

 

 

 

 

THE VULCAN REPORT of the   E-mini S&P 500 Stock Index Futures 

  

 

 

 

 *******ALERT********

 

TRADE AT YOUR OWN RISK!!!

 

Please if at all possible try and wait until after 9:30am EST and preferably after 10:30am EST before placing orders. If your trade is not triggered within the 2nd hour of trading then CANCEL the order and stay out! AVOID trading ahead of ANY Government report or Earnings news. This will give the market some time to shake out the weak hands. Also, because some stocks including the S&P 500 E-mini FUTURES trade around the clock and/or have after market trading, you will need to wait until the influx of cash has moved into the market from the sidelines. Ofcourse there is always exceptions to this rule.

 

NOTE:  Don't have time to watch the market? Do you require more than just the standard complimentary service? Do you require more in-depth analysis, market timing and trading signals? You can have it ALL, specific timing signals that are tailored to your portfolio, now available on our Premium service. Please check the website for further details and pricing.

 Or call (240) 299-5447.or email at pulsescan@lycos.com

 

 

THERE IS RISK OF LOSS IN TRADING FUTURES

 

 

Report of the PulseScan Swing Vix    
http://pulsescan.tripod.com/       Long Term Intra-Day  
Stock Index Futures Date Last Close   TREND TREND Momentum
(ES) E-mini S&P 500 (FUTURES) 3/8/2004 1156.75   UP Down +
             
*SIGNALS     *Volatility Channel Breakout System
Res/Sup Break-Out: VCB Signal   B/O BUY -Trigger VCB Buy -Trigger VCB Sell - Trigger B/O SELL -Trigger
Neutral Neutral   1152.00 1141.50 - -
             
*TECHNICALS            
Sentiment Trend Channel PulseScan   Intra-Day Trigger RANGE  
Neutral Down 10.00   1163.00 Short 1163.50 Short  
             
 
*MARKET OUTLOOK:      
   E-mini S&P 500 (ESH4) / $SPX    
             
   US Day session (TODAYS TECHNICALS)    
             
  The PulseScan Swing Vix is now consolidated with a Downward bias.
  Down trend channel now fully formed and becoming consolidated.
  With +Momentum expect sideways to higher prices.  
  Mkt is trying to test support before beginning a technical rally.  
  Much more downside potential still remains though.  
             
http://pulsescan.tripod.com/            
  Reminders:           (See the "RULES" tab)  
TRADING CALENDAR Be sure to view Today's Chart below along with today's Swing Vix tab.
  Watch the "Intra-Day Trigger" and "RANGE" during consolidations.
Click here to view today's Govt Reports. *See today's "PulseScan Swing Vix" for possible intraday reversals.
  *Be sure to click on the "TRADING CALENDAR" for today's Gov't reports.
MOMENTUM            
*Intra-Day Res/Sup  @1156.00 Support   S&P 500 Quick Charts
             
1st Trade Long @ 1149.00 Click Here to view Today's Chart
             
2nd Trade "RANGE" See "Intra-day Trigger"   Click Here to view Weekly Chart
             
*GAP MOVE ON THE OPEN:            
Intra-Day SUPPORT = Long above   1141.50      
             
Intra-Day RESISTANCE = Short below   1163.50      
           
             
             
             
             
Kindly note that do to changing market conditions the above commentary and its precise entry  
and exit points, stop-loss levels and positions could change without notice. Positions also  
could be liquidated, and/or new positions added without notice.      
             
If you have any questions or if for any reason you don't receive your Daily Forecast please feel free  
to call me @ (240) 299-5447          
or e-mail me: pulsescan@lycos.com          
             
             
***************************DISCLAIMER*****************************  
             
This proprietary research is not intended for duplication or distribution in any form including but not  
limited to faxing, photocopying, email forwarding or other duplicating technologies to third parties  
or individuals within or without any organization or from any individual recipient for any reason  
whatsoever. Unauthorized distribution is a violation of copyright law and violators will be traced and prosecuted.
The preceding comments should in no way be construed as a trading system. PulseScan Technology LLC
does not hold itself out to be a CTA, and cumulative theoretical profits and losses    
as a result of market comments should not be interpreted as any kind of track record or performance  
table. All market comments and opinions are based on the analysis of market cycles and are, by  
nature, subjective and interpretive. Each market segment has its own inherent risk and this risk will  
fluctuate depending on market conditions.  Depending on the size of the trading account and the  
risk involved in any particular market segment at any particular time, not all proposed trades are  
suitable for all accounts. Participation in any proposed trade and risk parameter should be  
discussed with your broker with regard to suitability for your account size.    
Participation in all market segments, all proposed trades, and all risk parameters is based on the
conception of a $100,000 account. Futures and options trading involves substantial risk. The  
valuation of futures and options may fluctuate, and, as a result, clients may lose more than their
original investment. In no event should the content of this letter be construed as an express or an
implied promise, guarantee, or implication by or from PulseScan Technology LLC. that you will profit
or that losses can or will be limited in any manner whatsoever. Past results are no indication of
future performance. Information provided in this correspondence is intended solely for  
informative purposes and is obtained from sources believed to be reliable. Information is in no way
guaranteed. No guarantee of any kind is implied or possible where projections of future conditions
are attempted. The risk of loss in trading commodities can be substantial. You should carefully
consider whether such trading is suitable for you in light of your personal circumstances and  
financial resources. Only risk capital should be used.        
             
Copyright 2004 PulseScan Technology, All rights reserved      
             
             
             
             
             
             
             
             

Rules of The Vulcan Report          
                 
*Trade Set ups of the 2 Bar Charlie System        
           
           
*Momentum:                
Consolidated intra-day plays i.e. "day trades".          
Look for the "Buy, Sell or Neutral" signal under the "MOMENTUM" section in the FORECAST Matrix.
Watch & Wait for the pullback toward "Intra-Day Res/Sup"         
to be confirmed before placing the buy/sell -limit order        
especially if the todays open is above today's price trigger        
on long entries and if the open is below today's price trigger on sell entries.    
                 
Watch & Wait for support/resistance to be confirmed before entry.    
On occasion you may have to actually enter on the Res/Sup Intra-Day Signal  
if Support/Resistance is confirmed but neither        
the ("Breakout/Breakdown nor the "Intra-Day Trigger") is triggered.    
Regardless of which one is filled first (I.e. the "Breakout/Breakdown" or "Intra-day Trigger")
you may use the opposite order as your profit target and/or stop and reverse in certain
market conditions.              
                 
*NOTE: ALWAYS trade in the direction of the TREND.        
If the "Breakout/Breakdown" or "Intra-Day Trigger" are triggered then use the other
"trigger" as your profit target exit , Stop-Loss and/or Stop & Reverse.    
                 
*Res/Sup Intra-Day:              
This is your secondary signal. Look for this signal in the "Res/Sup Intra-Day" section of the MATRIX.
Also see rules under the "Momentum" section.          
                 
*Volatility Channel Break-Out System:          
This is your primary signal.              
These days are less common but have a very high accuracy rate and are major trade signals.  
These types of breakout/breakdowns tend to be very powerful moves      
and are typical within the current market trend.          
Usually, they occur while in a brief consolidation within the current trend      
after a strong move (but not always).            
                 
Look for this signal in the "Breakout/Intra-Day" section of the report.      
 A neutral reading means that trades above the Breakout Trigger = long entries    
and trades below the Intra-Day trigger = short entries.        
During a "Neutral" reading on an Intraday basis           
You will have to wait and watch for prices to retreat back        
into the VCB price channel to confirm your entry point.        
                 
TRENDING DAYS:              
In an uptrend you are looking for either  "BUY" in an uptrending market      
and a "SELL" signal in a falling mkt..            
In an uptrend you will want to buy both the Breakout buy trigger & the quick long trigger.  
with the quick long trigger being the best possible entry        
and the Breakout being the secondary entry point.          
                 
Likewise in a downtrend you will want to sell both the Breakdownt & the quick short trigger.  
with the quick short trigger being the best possible entry        
and the Breakdown being the secondary entry point.          
                 
*GAP MOVE ON THE OPEN:            
NOTE: If opening prices collapse below the "Intra-Day SUPPORT" then use this  
level to catch the reversal on the "long" side. Likewise if opening prices rally  
above the "Intra-Day RESISTANCE then use this level to catch the    
reversal on the "short" side.            
                 
                 
                 
                 
*TRADE ENTRY & EXIT RULES:          
Wait until after 9:30am EST before trade entry.          
Cancel order if not filled by 11:30am EST.          
There are always exceptions to this rule.          
Rules are ment to be a guide and are not set in stone.        
You must learn to use some discretion in your trading.        
Even if "both" the Momentum AND the Breakout/Intra-Day signals      
are triggered you must decide which one to follow.          
It is always a good rule of thumb to follow the          
primary Breakout and Intra-Day Swing Trade signals.        
                 
                 
HOW TO TRADE THE "GAP":          
In a Bullish 40-Day Trend Do Not place the buy stop-limit order if after the open the market  
is trading above Intra-Day Resistance and or yesterday's High.        
In a Bearish 40-Day Trend Do Not place the sell stop-limit order if after the open the market  
is trading below Intra-day Support and or yesterday's Low.        
It is ALWAYS better to refer to the intra-day 60-min & 5-min charts for a possible    
2 Bar Charlie & trend reversal signals before placing the trade when trading or fading the GAP.  
The system is on the sidelines unless the entry point is triggered.      
                 
*Stop-Loss/Profit Targets:            
The profit target is to be used as a guide to either move your stop-loss to breakeven  
or take profit in uncertain market conditions          
You may also use the profit target if you don't have the time to watch the market    
and would like to take quick profits.            
                 
On "ALL" Single Stock Index Futures AND Commodity Futures trades use a 1.25 - 3.25 initial stop-loss
with a .20-1.25 initial profit target.            
(You can use the initial profit target as             
your signal to move your stop-loss to break-even          
and use it as a "trailing stop" or you can get out and take profit at this point)    
                 
On "ALL" E-mini S&P 500 Stock Index Futures "SWING" trades use a 7.25 initial stop-loss  
with a 3.00 point initial profit target. Use an initial 2.00 - 3.00 point stoploss on daytrades.  
(You can use the initial profit target as your signal to move your stop-loss to break-even  
and use it as a "trailing stop" or you can get out and take profit at this point)    
                 
On "ALL" E-mini NASDAQ 100 Stock Index Futures "SWING" trades use an initial 18.50 stop-loss
with a 7.50 point initial profit target. Use an initial 7.00 - 10.00 point stoploss on daytrades.  
(You can use the initial  profit target as your signal to move your stop-loss to break-even  
and use it as a "trailing stop" or you can get out and take profit at this point)    
                 
                 
REMINDER              
                 
Kindly note that do to changing market conditions the above commentary and its precise entry  
and exit points, stop-loss levels and positions could change without notice. Positions also  
could be liquidated, and/or new positions added without notice.      
                 
If you have any questions or if for any reason you don't receive your Daily Forecast please feel free
to call me @ (240) 299-5447                
or e-mail me: pulsescan@lycos.com            
                 
                 
                 
                 
***************************DISCLAIMER*****************************  
                 
THERE IS RISK OF LOSS IN TRADING FUTURES.          
                 
This proprietary research is not intended for duplication or distribution in any form including but not  
limited to faxing, photocopying, email forwarding or other duplicating technologies to third parties  
or individuals within or without any organization or from any individual recipient for any reason  
whatsoever. Unauthorized distribution is a violation of copyright law and violators will be traced and prosecuted.
The preceding comments should in no way be construed as a trading system. PulseScan Technology LLC  
does not hold itself out to be a CTA, and cumulative theoretical profits and losses      
as a result of market comments should not be interpreted as any kind of track record or performance  
table. All market comments and opinions are based on the analysis of market cycles and are, by    
nature, subjective and interpretive. Each market segment has its own inherent risk and this risk will  
fluctuate depending on market conditions.  Depending on the size of the trading account and the  
risk involved in any particular market segment at any particular time, not all proposed trades are  
suitable for all accounts. Participation in any proposed trade and risk parameter should be    
discussed with your broker with regard to suitability for your account size.      
Participation in all market segments, all proposed trades, and all risk parameters is based on the  
conception of a $100,000 account. Futures and options trading involves substantial risk. The  
valuation of futures and options may fluctuate, and, as a result, clients may lose more than their  
original investment. In no event should the content of this letter be construed as an express or an  
implied promise, guarantee, or implication by or from PulseScan Technology LLC. that you will profit  
or that losses can or will be limited in any manner whatsoever. Past results are no indication of  
future performance. Information provided in this correspondence is intended solely for    
informative purposes and is obtained from sources believed to be reliable. Information is in no way  
guaranteed. No guarantee of any kind is implied or possible where projections of future conditions  
are attempted. The risk of loss in trading commodities can be substantial. You should carefully  
consider whether such trading is suitable for you in light of your personal circumstances and  
financial resources. Only risk capital should be used.          
                 
Futures trading has large potential rewards, but also large potential risks. You must      
be aware of the risks and willing to accept them in order to speculate in the Futures Markets.    
Dont trade with money you can't afford to lose.          
This is neither a solicitation nor an offer to buy/sell Futures.          
Pulse Scan Technology does not accept any liability in this regard.        
NOTICE: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance
 record, simulated results do not represent actual trading. Also since the trades have not actually been executed,  
and the results may have under or overcompensated for the impact, if any, of certain market factors, such as  
lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with
 the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or
 losses similar to those shown.This is neither a solicitation nor advertisement nor offer to buy/sell securities,
 futures, or foreign currencies. Neither, Pulse Scan Technologies, its staff nor affiliates are licensed Investment
 Advisors or Broker Dealers. You should seek professional advise from your financial advisor before making
 any investment decisions.The author assumes no responsibilities for actions taken by readers. The author is
 not providing investment advice. The author does not make any claims, promises, or guarantees that any  
suggestions, systems, methods, trading strategies, or information will result in a profit, loss, or any other  
desired result. All readers assume all risk, including but not limited to the risk of losses.The past result  
 of any trading or investment system is not necessarily indicative of future performance.These views/  
 forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market
at the time of writing. They are subject to change without notice. Though the information sources are  
believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the  
 basis of these are themselves responsibly for any profits or losses that might occur, without recourse  
 to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky  
and it is assumed that those who trade these markets are fully aware of the risk of real loss involved  
.Pulse Scan Technology tries to ensure that the information provided is complete and correct but information
and opinions do change without notice so readers are advised to check back regularly before making  
any decisions. There may be delays, omissions or inaccuracies in information contained in this website,  
E-mail, Newsletter, correspondence, and ALL written and/or verbal, radio broadcast, Telephonic and electronic mediums.
 Pulse Scan Technology does not accept any liability in this regard.      
Copyright 2004 PulseScan Technology, All rights reserved      
                 
                 
 
 

The Traders "Edge"