[RT] RESULTS - ASTRO-TREND S&P 500 UPDATE - JUNE 6, 2003

["Norman Winski" <nwinski@xxxxxxxxxxxxx>]

  Please see below the results of my forecast 
for June 6 via a 5 minute bar chart of the S&P 500 June E-Mini (ESM) with 
high, low, and closing data.  As you can see from the chart, the June 
E-Mini topped at 1008.50, just $2.50 beyond our projected 1006 resistance level. 
This top occurred at 10:15 - 10:20 AM EDT, which was about 30 minutes before our 
projected 10:52 AM EDT final time for a high .  However, 
at
10:50 - 10:55 AM EDT, ESM made a retest high at 
1005, which was within $1 and within a few minutes of our projected time and 
price.  Please see chart and forecast for June 6 below. 
 
Regards,
 
Norman Winski
ASTRO-TREND
<A 
href="">nwinski@xxxxxxxxxxxxx
 
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  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=nwinski@xxxxxxxxxxxxx 
  href="">Norman Winski 
  Sent: Friday, June 06, 2003 2:03 AM
  Subject: ASTRO-TREND S&P 500 UPDATE - 
  JUNE 6, 2003 
  
      
     Time for the current upswing in the 
  US Stock Market should expire by the Friday June 6 close.  Per the 
  June Astro-Trend letter forecast for a high June 4 - June 7 weekend, what has 
  been missing is some kind of blow off and option sentiment numbers indicating 
  too many bulls. My NOW Index option sentiment indicator, as of Thursday's 
  close, just went into over bought territory, but is not yet in sell 
  territory.
   
   The market has now had 5 consecutive higher 
  closes. About 75% of the time, this would 
  be a good sell set up.  However, the recent low volatility detracts 
  from the potential overbought condition of 5 higher closes and presents a 
  possible exception to this rule.  In other words, because the market has 
  been cautiously crawling up in a self correcting manner for 5 higher closes, 
  this is not as good of a set up as a market that rockets higher and gets very 
  over bought over 5 higher closes. As stated above, what would be ideal is a 
  blow off, if only a mini-blow off.  Friday may be the day for this, 
  especially if it occurs in the morning before 10:52 AM EDT, when the Moon 
  enters Virgo. 
   
    If we do get a mini blow off, look for 
  resistance in the S&P 500 at 1006 or 1016.  If we get the 
  expected top, I expect a $50 pullback in the S&P next 
  week.   If a big short squeeze ensues and <FONT 
  face=Arial>S&P gets significantly past 1016, the next major 
  resistance is 1073.    
   
   
  GOOD TRADING!
   
  Norman Winski
  ASTRO-TREND
  <A 
  href="">nwinski@xxxxxxxxxxxxx 
  June 6, 2003, 2:00 AM EDT
   






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