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<DIV><FONT face=Arial size=2>Jeff,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Sugar is always a quirky market to trade...but, we
whack at it from time to time. Currently, we're waiting for a retracement
to the 6.10 level. We feel there is evidence gathering that will
allow us to position lower:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>1. Monday's "bearish engulfing
candle"...nasty, nasty</FONT></DIV>
<DIV><FONT face=Arial size=2>2. The curl on the 13 day moving average
looks like Elvis Presley's lip</FONT></DIV>
<DIV><FONT face=Arial size=2>3. The major trendline is at
~6.10</FONT></DIV>
<DIV><FONT face=Arial size=2>4. The 144 day moving average is at
~6.10</FONT></DIV>
<DIV><FONT face=Arial size=2>5. The 34 day moving average is at
~6.10</FONT></DIV>
<DIV><FONT face=Arial size=2>6. The 38.2% retracement from the high is at
~6.10</FONT></DIV>
<DIV><FONT face=Arial size=2>7. And the continuing divergence between the
momentum oscillators and price</FONT></DIV>
<DIV><FONT face=Arial size=2>8. Did I mention the gap at
6.10?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>I could always change my mind (I mean, like wow,
the markets are so dynamic). Lots of folks, who have made lots of money
(from under 4 cents), are "pressuring" to initiate new long positions.
For the moment, we're trying to placate them with an array of technical reasons
why they should keep the "powder dry". </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Steve Karnish<BR>Cedar Creek Trading<BR><A
href="http://www.cedarcreektrading.com";>http://www.cedarcreektrading.com</A></FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:j.ledermann@xxxxxxxxx"; title=j.ledermann@xxxxxxxxx>Jeff
Ledermann</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, May 08, 2000 7:54 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: (Market) A few trades I am
looking at</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=373552400-09052000>Adam,</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=373552400-09052000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=373552400-09052000>With regards to
Sugar my reading of the chart is bullish. Technically Sugar has been very well
behaved</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=373552400-09052000>for a
change with the last two moves fulfilling measuring implications
precisely. The latest pennant</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=373552400-09052000>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></DIV>
<DIV><FONT face=Arial size=2><SPAN class=373552400-09052000>through the
current Fib level otherwise you may well be right. At least the pennant gave
me a nice </SPAN></FONT><FONT face=Arial size=2><SPAN
class=373552400-09052000>tight stop)</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=373552400-09052000><IMG align=bottom
alt="" border=0 hspace=0 src="cid:000901bfb9d6$74730c60$a41ea13f@xxxxxxx";
style="HEIGHT: 469px; WIDTH: 624px"></SPAN></FONT></DIV>
<BLOCKQUOTE
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<DIV><FONT face=Arial size=2><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> Adam Hefner<BR><B>Sent:</B> Tuesday, 9 May 2000
12:52<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> (Market) A
few trades I am looking at<BR><BR></FONT>For 5 / 9 / 2000</FONT><FONT
face=Arial size=2></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> Jun S&P 500</FONT></DIV>
<UL>
<LI><FONT face=Arial size=2>Short MIT = 1441.75</FONT>
<LI><FONT face=Arial size=2>Stop =
1458.</FONT>
<LI><FONT face=Arial size=2>Target =
1390-1394</FONT></LI></UL>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> Jun Live Cattle</FONT></DIV>
<UL>
<LI><FONT face=Arial size=2>Long MIT = 68.475</FONT>
<LI><FONT face=Arial size=2>Stop =
68.2</FONT>
<LI><FONT face=Arial size=2>Target =
70-70.1 ( monthly )</FONT></LI></UL>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> Jul Sugar</FONT></DIV>
<UL>
<LI><FONT face=Arial size=2>Short MIT = 6.5</FONT>
<LI><FONT face=Arial size=2>Stop =
6.75</FONT>
<LI><FONT face=Arial size=2>Target =
5.6 (optimistic monthly)</FONT></LI></UL>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>These are NOT trade recommendations....this is
JUST a test. DO NOT TRADE!!</FONT></DIV>
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