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Norman,
I was just in the process of fashioning a slight
correction to the prior message. The trend, as defined by the "Stealth"
Channel remains down. The downside break simply means the lower, blue
"support" curve needs to now be shifted lower to incorporate the new low (this
new channel suggests greater potentail volatility). This naturally
will define a new median line as well. From the "Stealth" approach, the
current downtrend is only deemed over once the upper blue resistance curve
is breached. This curve remains firmly in place for the time being.
In summation, the Stealth channel remains pointed downward, though with a wider
definition. Is it a bottom? Maybe someone else can answer that
one.- Brian
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Norman
Winski
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, October 10, 2001 7:32
PM
Subject: Re: [RT] Crude Oil downside
targets
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BL
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, October 10, 2001 8:40
PM
Subject: Re: [RT] Crude Oil downside
targets
Hi Norman,
Do I do cotton?
I just did. See attached. Note the
numerous times this approximate year-long median line served as
support/resistance. Also note this curve has very recently been
violated to the downside, indicating the highly likely start of a new
trend.
Brian,
Do you know if this new trend is likely
to be a low or an acceleration to the downside?
Thanks,Norman
Disclaimer: This message and linked
chart do not represent trading orinvesting advice. There is
extreme risk in trading futures, and the maximumloss is not limited to
pledged margin capital. Consult your professionalfinancial advisor
or broker prior to making any trading/investing
decisions.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:nwinski@xxxxxxxxxxxxxxx";
title=nwinski@xxxxxxxxxxxxxxx>Norman Winski
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, October 09, 2001 9:35
PM
Subject: Re: [RT] Crude Oil downside
targets
Brian,
Looks to me like the Crude Oil price
has significantly broken your line. Am I reading this wrong?
Do you do Cotton? Cotton is trading now at 31 cents, is cheaper than
its 1932 low of 8 cents when adjusted for inflation. Coffee is
another interesting market now trading near its 25 year lows.
Thanks,
Norman
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BL
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, October 09, 2001
8:05 PM
Subject: Re: [RT] Crude Oil
downside targets
Here's a variant of the typical Stealth
curve that I posted to my webpage Oct 3 for Nov Crude (<A
href="http://www.hitech-analytics.com/crude_oil_9.pdf";>http://www.hitech-analytics.com/crude_oil_9.pdf).
I'm showing Stealth support in the general downside area as
Dorothy. Though the support has yet to be sufficiently tested, it
appears to be the only choice at the present. The channel has nice
support/resistance of the Stealth median line which is another
means of "testing" the channel. - Brian
Disclaimer: This message and
linked chart do not represent trading orinvesting advice.
There is extreme risk in trading futures, and the maximumloss is not
limited to pledged margin capital. Consult your
professionalfinancial advisor or broker prior to making any
trading/investing decisions.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:dorothy.carter@xxxxxxxx";
title=dorothy.carter@xxxxxxxx>Dorothy Carter
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, October 08, 2001
11:32 PM
Subject: [RT] Crude Oil downside
targets
On 9-14 at the 29.91 high - Dec
Crude Oil met 29.14 upside targets given on August 2nd... &
reversed within 3 trading days as typical and gave downside target
which has been met....but has unfulfilled downside
targets...
Energy complex futures contracts go
off the board a month early.. so next week is the last week for
Nov crude... so it will be interesting to see if
these targets can be met within the next 9 trading days.
New targets : 19.65 19.59 19.18 ..
Three targets in same price area does make them higher confidence
targets.... my question is the narrow time window in order to be
met........ Dec Crude target given right off
top 26.58 was met but has following targets : 20.55
(9-26 low 20.75) 17.90, 16.95
If the war expands to Middle East and
energy source is cut off... the recent
Putin/Bush connection appears to be a
win/win for both countries. Allegedly OPEC has contacted Putin
complaining about Russian cooperation and that the Russian's position
is that they view this as not only a much needed potential economic
opportunity but also an opportunity to improve their relations with
U.S.A. . .. So the 911 tragedy could end up being
the undoing of OPEC brethern.........given weak global economy
and improved Russian/USA relations
<A
href="http://www.quote.com";>http://www.quote.com Nov
Crude CL01X Dec Crude CL01
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