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Any opinion on oil? The equities have made some extreme moves in the ST,
and I am wondering what the longer trend in the commodity says to
people.
Regards
DanG
Norman Winski wrote:
>
> 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
> >
> >
> > ---
> > Outgoing mail is certified Virus Free.
> > Checked by AVG anti-virus system (http://www.grisoft.com).
> > Version: 6.0.377 / Virus Database: 211 - Release Date: 7/15/02
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
>
>
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