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Well done Norman!!
Ain't it great when a plan comes together.
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<A
href="">http://groups.yahoo.com/group/snpforecasts/
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<FONT
face=Tahoma size=2>-----Original Message-----From: Norman Winski
[mailto:nwinski@xxxxxxxxxxxxx] Sent: Friday, June 06, 2003 8:26
PMTo: Norman WinskiSubject: [RT] RESULTS - ASTRO-TREND
S&P 500 UPDATE - JUNE 6, 2003
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
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size=2>
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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