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Well as time tolls on we seem to be fitting
that damn
red line day by day.
This (one the OEX) is just another
indication that we
"ain't quite there" yet.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
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<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, July 07, 2001 11:33
Subject: Re: [RT] S&P Moment of
Truth
Norman:
I have support at 1174, which is close enough to the 1169 to be
reasonable. I also have a target for this move down of 1016. I
have been going over the charts of several stocks and things look bleak
there. At least the ones that I have been looking at. A couple of
big caps moving higher could put a halt to the index slide, but allow a lot of
other stocks to slip into oblivion. As you know I am not a strong
believer in Astro, but know that often it is right on the money. We
shall see this time. Ira.
Norman Winski wrote:
I see some important indicators
converging next week for a possible change in trend for
theUS Stock Market via the
S&P 500. 1.Jupiter
will change signs which it only does every 11 months when it enters Cancer
on 7/12.2. S&P cash 1169 is
a .618 retracement of the March to May rally. 1169 = 29 Gemini which is
where Jupiter will be until it reaches zero Cancer (90 degrees = 1170) on
7/12.3. Jupiter in Cancer
should be friendly to the US, born on the 4th of July and with several Crab
planets.4. My sentiment
indicator, as of Friday's close, entered bullish territory for the first
time in several weeks, indicating the probability for a low in 1-2 trading
days.5. Even given the bearish
case, if we stop at 1169 area, I can see five waves down and should at least
get a very good bounce. Please see chart below.<FONT
face=Arial>6. If SPX goes much more than $5 under 1169, time
to throw in the bull horns, and go back to the barn. On the other
hand, I have cycles indicating that the Greenpan bail out should soon start
having a positive effect on the US economy and markets until late
summer.7. Bottomline, I see the
next few trading days as a "do or die" situation for the S&P 500 and
probabaly the US stock market. <FONT
size=-1>Cheers, Norman
Winski <SPAN
style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><IMG
style="WIDTH: 497px; HEIGHT: 369px" height=325
src="cid:part1.3B4739EC.161EA036@xxxxxxxxx"; width=390
v:shapes="_x0000_i1025">
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