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Don,
I was touring IL, OH & IN during the past two weeks. I packed my jumbo
collapsible umbrella. The weather channel kept forecasting rain, but I never
had to use the 'brella. Much of the time, it was hotter there than it was
back home in Florida. The situation reminded me of the drought conditions we
had in Florida last spring, when the weather map showed one rain front after
another but the big rain never came. The point is that this could add fuel
to the current bull market in Soybeans. A few days ago, I was driving around
central Indiana. The corn looked ok, but the Soybeans looked anemic to me.
Rain was forecasted for the area for last Thursday and into the weekend.
There were a few localized showers. But, all I experienced were sunny and
scorching 95+ degree days.
Too bad everyone is focused on the sick stock market. If you must, watch SPX
827 area for possible bounce. Short term, TV news says Wall Street is
looking down for Monday, so Monday could be a good day for a short term
bottom or bounce. Longer term, looks like the early 70s to me. If you
weren't around then, go to the library and read some old Wall Street
Journals. There were big bull markets in some commodities while the stock
market dribbled it way to the worse decline since the '29 crash due in large
part to the "quality of earnings". Sound familiar? Sept. 1929 top to July
1932 bottom = 34 months added to 2k bubble top = either Nov. 2002 or Jan.
2003 for possible stock market bottom. Elliott's rule of alternation says
that this one will be more like the 1870s - 1880s, long drawn out slow
growth period with periodic boomlets, than the total devastation crash of
1930s. Play for 2003: Short Real Estate, Long Coffee and Sugar.
Good Trading,
Norman
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 21, 2002 11:09 PM
Subject: Re: [RT] Re: forecasting-track record
> Norm,
> Welcome back. It was only a question some time back, lets move on?
>
> Time to concentrate on what is really "happening now" which is the equity
> market.
>
> Interested in any opinion on the bonds considering the weak SP and falling
> DX. The "flight to quality" thing is showing some "signs" technically,
but
> you never know in a panic?
> don ewers
>
> ----- Original Message -----
> From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, July 21, 2002 6:51 PM
> Subject: Re: [RT] Re: forecasting-track record
>
>
> > Don,
> >
> > Did the mystery person slip up? My recollection is that Jazzy Jeff
was
> > accused of being "Mark". Jazzy Jeff then replies that he isn't Mark
Brown.
> > Seems to me that Jazzy Jeff hasn't been on this list long enough to know
> who
> > Mark Brown is unless he is Mark Brown. Whatya think?
> >
> > Detectingly,
> >
> > Norman
>
>
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>
>
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