[RT] Fwd: S&P and bond update

["MOJO" <groups@xxxxxxxxxxxxxxxxxx>]

<span style='font-size:
12.0pt'> 

<span style='font-size:
10.0pt;font-family:Arial;color:navy'>So Carl you don&#8217;t think we will
break sep11 lows or hit sep11 lows in the summer (on S&P)
?  I think we will&#8230;&#8230;&#8230;&#8230;..

<span style='font-size:
10.0pt;font-family:Arial;color:navy'> 

<span
style='font-size:10.0pt;font-family:Tahoma'>-----Original Message-----
From: topos8
[mailto:topos8@xxxxxxx] 
Sent: <st1:date
Month="5" Day="31" Year="2002"><span style='font-size:
 10.0pt;font-family:Tahoma'>31 May 2002<font size=2
face=Tahoma> <st1:time
Hour="15" Minute="37"><span style='font-size:10.0pt;
 font-family:Tahoma'>15:37<span
style='font-size:10.0pt;font-family:Tahoma'>
To: wheelsinthesky@xxxxxxxxxxxxxxx
Subject: [wheelsinthesky] Fwd:
S&P and bond update

<font size=3
face="Times New Roman"> 

<font size=2
face="Courier New">--- In gannsghost@xxxx,
"topos8" <topos8@xxxx> wrote:<font size=2
face="Courier New">
As I write this the June S&P stands at 1072
and the September bond at 
101-06 and the June bond at 102-13.

My price square time calculations tell me that the
bonds and notes 
have made an important top today and are heading
lower. 

In GG 11547 (<st1:date
Month="5" Day="1" Year="2002"><span
 style='font-size:10.0pt'>May 1, 2002<font
size=2 face="Courier New">), I said the same
thing.  That day the June <font size=2
face="Courier New">
bonds made a top at 103-04,dropped to 99-27 on May
14 and now have 
rallied back to 102-28. My calculations project a
drop over the next 
few months that will carry this market into the
92-94 range. 

On May 1 the June notes reached 106-05, dropped to
104-08 on May 14 
and today traded as high as 107-01.  This
market should drop into the 
99-100 range over the next few months.

On May 1 I thought that the S&P would hold
1060-1065 support.  In the 
event this market rallied to 1090 but then dropped
to 1046 on May 7.

I still see 1060 as strong support and my calculations
tell me that 
yesterday's low at 1054.50 should hold and that
the market should now 
move above 1100.  This should only be the
early stage of a move to 
1300 during the next few months.

Carl
--- End forwarded message ---



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