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Ha, I knew someone would ask that. Here is my plan. A bit more of a rise
early this week. Then a consolidation into the Fed meeting. Followed by a
rally into the July 2 period with a high in cumulative volume and price as
in 1987 to the upper side of a wide trading range. Then a long slow
grinding downward drift into September 30th. Here is how I have been
playing the last week. Selling puts against cash on oversold techs, such as
msft, lsi. Going long other oversold techs such as CSCO and CDO. Selling
calls against a long entry on LSI. It is possible to make 10% in a 2 to 3
week period right now on these things. But its best to only do it with
stocks you want to own in the long run.
Bob
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: BobR <bobrabcd@xxxxxxxxxxxxx>
Sent: Sunday, May 07, 2000 5:39 AM
Subject: Re: [RT] Gen - astrostech
> Hi Bob,
>
> Very profound, but I'm not sure where you are going with this over next
> few weeks? Bullish, Bearish, or trading range?
>
> Earl
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, May 07, 2000 6:06 AM
> Subject: [RT] Gen - astrostech
>
>
> > Well, 05/04 and 05/05 have come to pass and no one is jumping out of
> windows
> > on Wallstreet, yet. My contention in previous posts was that the
> Cinco de
> > Mayo conjunctions were no comparison to August 25, 1987 or the
> upcoming July
> > 2, 2000. The latter suggests something more significant than May 4th
> or
> > 5th. The general technique for the astrotechs is to use the
> conjunctions,
> > oppositions, aspects in specific, as trend change points. The current
> > situation seems to be one of holding your breath in advance of the
> > conjunctions and exhaling when nothing happens except CNBC posts an
> astro
> > chart for the first time ever and Ms. Behrend says she would prefer a
> > Margarita. Best time to strike an opponent is on the exhale and I
> hope that
> > is not what is going to happen to the market during a relief rally.
> Perhaps
> > its the continual denial of the effect of rising interest rates or a
> > reflection on the youthfulness of money managers with the fixation on
> > momentum. The synchronicity of matters on earth and matters in the
> stars
> > continue to puzzel and at sometimes induce amazement. For example in
> > looking for a trend change the end of day cumulative volume has been
> > declining below its 200 day exponential moving average for quite
> awhile now.
> > Recently it has moved above the 200 day ema whereas the DOW is still
> hanging
> > out below. The RSI of EODCV and RSI of DOW have an encouraging
> bullish
> > divergence as reflected in the uptrend of cumulative volume for the
> NYA(see
> > second post). This speaks more for the broad mkt than the narrow dow
> of
> > course. This early morning fix on TA also recognizes the uncanny
> earth/star
> > synchronicity of conjunctions, oppositions, aspects and trend change
> on the
> > MoCycle chart of the OEX, US dollar, XAU, T bond yields, and a
> commodities
> > index. Last couple of days the OEX has been at the opposite side of a
> > standard distribution from all of its intermarket analysis partners
> just as
> > the Cinco de Mayo made margarita news, perhaps a premature toast to
> being
> > toasted. Its what happens next that is a bit of concern as the
> potential is
> > there for a massive mean reversion for all components, or a
> continuation
> > move for all out to +,- 3 std. dev. The next four weeks have just got
> to be
> > rather significant in the annals of market history.
> >
> > Bob Roeske
> > http://www.oextrader.com
> >
>
>
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