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<div class=Section1>
<p class=MsoNormal><span class=EmailStyle17><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Do you
draw these pennant lines & the red vertical target lines up to Fib levels
by hand or are they plotted by an indicator or system code, or perhaps by the
Murphy add on?<o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle17><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style='font-weight:bold'>From:</span></b>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<b><span
style='font-weight:bold'>On Behalf Of </span></b>Jeff Ledermann<br>
<b><span style='font-weight:bold'>Sent:</span></b> Monday, May 08, 2000 7:54 PM<br>
<b><span style='font-weight:bold'>To:</span></b> metastock@xxxxxxxxxxxxx<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: (Market) A few trades
I am looking at</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>Adam,</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>With
regards to Sugar my reading of the chart is bullish. Technically Sugar has been
very well behaved</span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>for a
change with the last two moves fulfilling measuring implications
precisely. The latest pennant</span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>implies
a move to 7.14 which just happens to be the next Fib. level up. (Of
course this assumes it can punch</span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>through
the current Fib level otherwise you may well be right. At least the pennant
gave me a nice tight stop)</span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'><img
width=624 height=469 id="_x0000_i1025" src="cid:image001.gif@xxxxxxxxxxxxxxxxx";
align=bottom border=0></span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=2 color=black
face="Times New Roman"><span style='font-size:10.0pt;color:black'>-----Original
Message-----<br>
<b><span style='font-weight:bold'>From:</span></b>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<b><span
style='font-weight:bold'>On Behalf Of</span></b> Adam Hefner<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, 9 May 2000 12:52<br>
<b><span style='font-weight:bold'>To:</span></b> metastock@xxxxxxxxxxxxx<br>
<b><span style='font-weight:bold'>Subject:</span></b> (Market) A few trades I
am looking at<br>
<br>
</span></font><font size=2 color=black face=Arial><span style='font-size:10.0pt;
font-family:Arial;color:black'>For 5 / 9 / 2000</span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>
Jun S&P 500</span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l1 level1 lfo1;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Short MIT = 1441.75</span></font><font color=black><span
style='color:black'> </span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l1 level1 lfo1;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Stop = 1458.</span></font><font
color=black><span style='color:black'> </span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l1 level1 lfo1;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Target = 1390-1394</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>
Jun Live Cattle</span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Long MIT = 68.475</span></font><font color=black><span
style='color:black'> </span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Stop = 68.2</span></font><font
color=black><span style='color:black'> </span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Target = 70-70.1 ( monthly )</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>
Jul Sugar</span></font><font color=black><span style='color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l2 level1 lfo3;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Short MIT = 6.5</span></font><font color=black><span
style='color:black'> </span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l2 level1 lfo3;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Stop = 6.75</span></font><font
color=black><span style='color:black'> </span></font><font color=black><span
style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:75.0pt;text-indent:-.25in;mso-list:l2 level1 lfo3;tab-stops:list 1.0in;
border:none;mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 3.0pt'><![if !supportLists]><font size=2 color=black face=Symbol><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Symbol;
color:black;mso-color-alt:windowtext'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></font><![endif]><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>Target = 5.6 (optimistic
monthly)</span></font><font color=black><span style='color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
</div>
<div style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 3.0pt'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>These
are NOT trade recommendations....this is JUST a test. DO NOT TRADE!!</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.0pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 3.0pt'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
</div>
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