Re: Re[4]: [RT] spx daily

["Clyde Lee\(SBCY\)" <clydelee@xxxxxxxxxx>]

Using my "new gun" the attached is a 
synthesis/projection of SP cash
prices for the next year.
 
Good time/place to try it out.
 
Clyde
 
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<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Rhonda 
  Guilbeaux 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Friday, May 23, 2003 7:55 AM
  Subject: Re: Re[4]: [RT] spx daily
  
  Alex,
  The COT have a net long position in the S&P 
  (big contract)  They
  had been net short for several years until 
  
  shortly after the March lows when their bias 
  moved to a net long position.  They
  covered shorts going into those lows.  Small 
  traders
  are net short.  
  Because of this, I believe that sentiment  
  polls could
  be less reliable. 
  VXN broke last years low and the VIX could 
  possibly do so also at some point this
  year. 
  Money is pouring into Rydex Ursa Funds.  
  Reference and credit to chart is on lower
  left corner as this isn't my chart.  
  
   
  I do tend to think price will break this weeks 
  lows next week.. as we broke the weekly pattern
  of higher highs and higher lows this week.  
  (unless we break those highs today which is 
  lower odds).  Looking for higher support to 
  hold in the next week or so
   however and price to continue the 
  intermediate upward trend. 
   
  This is just my humble opinion<FONT 
  face=Arial size=2>; I may be wrong but that's my take.  Last quarter's 
  high at 935.05 and we're
  closer to there than last quarter's low. (for now 
  anyway) 
  Best,
  Rhonda
  <BLOCKQUOTE 
  ><FONT 
    face=Arial size=2> 






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