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----- Original Message -----
From: <A
title=mike-burk@xxxxxxxxxxxxxxxxxxxxxx
href="">Mike Burk ; <A
title=mike-burk@xxxxxxxxxxxxxxxxxxxxxx
href="">Mike Burk
To: <A title=mike-burk@xxxxxxxxxxxxxxxxxxxxxx
href="">Mike Burk
Sent: Saturday, April 10, 2004 12:31 PM
Subject: 4/10 Report
<A
name=OLE_LINK4><A
name=OLE_LINK1><SPAN
><SPAN
>Technical market report for April 10,
2004.The good news is:
<LI class=MsoNormal
><SPAN
><SPAN
><SPAN
>The number of new lows remains
insignificant.
<LI class=MsoNormal
><SPAN
><SPAN
><SPAN
>The NASDAQ new high indicator continued to
move upward in a slightly down week.
<LI class=MsoNormal
><SPAN
><SPAN
><SPAN
>In April the week prior to witching (the
coming up week), historically, has been pretty
good.
<SPAN
><SPAN
><SPAN
>
<SPAN
><SPAN
><SPAN
>After a strong move like we had in the 8 trading
days prior to last week a pause is to be expected.<SPAN
> Although there was weakness everywhere
except energy, nothing stood out as extraordinary.<SPAN
> The NYSE new high indicator is well
above the levels required by the most conservative no sell filters and the
NASDAQ new high indicator is heading
upward.
<SPAN
><SPAN
><SPAN
>The intermediate term outlook is
positive.
<SPAN
><SPAN
><SPAN
>The short term outlook is more difficult to
determine. Most of the short term
indicators peaked a week ago at very high levels.<SPAN
> The chart below is typical.<SPAN
> It shows a McClellan Oscillator
(difference between 5% and 10% trends) of advancing and declining issues on the
Russell 2000 (R2K). The indicator
hit a record (for the past year) high a week ago and had nowhere to go but
down. Previous near records have
been followed by a modest decline then another advance.<SPAN
>
<SPAN
><SPAN
><SPAN
><v:shapetype id=_x0000_t75
coordsize="21600,21600" o:spt="75" o:preferrelative="t"
path="m@x@5l@x@11@x@11@x@5xe" filled="f" stroked="f"><v:stroke
joinstyle="miter"><v:f
eqn="if lineDrawn pixelLineWidth 0"><v:f
eqn="sum 0 0 @1"><v:f
eqn="prod @3 21600 pixelWidth"><v:f
eqn="prod @3 21600 pixelHeight"><v:f
eqn="prod @6 1 2"><v:f
eqn="sum @8 21600 0"><v:f
eqn="sum @10 21600 0"><v:path o:extrusionok="f"
gradientshapeok="t" o:connecttype="rect"><o:lock v:ext="edit"
aspectratio="t"><v:shape id=_x0000_i1025
type="#_x0000_t75"><v:imagedata
src=""
o:title="R2K-AD-OSC"><IMG
src="gif00108.gif">
<SPAN
><SPAN
><SPAN
>For the short term seasonality is positive.<SPAN
> The tables below suggest Monday is
likely to be down, Friday neutral and Tuesday, Wednesday and Thursday, pretty
strong.
<SPAN
><SPAN
><SPAN
><SPAN
>Witching
report for April.Witching is futures and options expiration the
3rd Friday of the month.The number following the year is the
position in the presidential cycle.R2KYear<SPAN
> Mon<SPAN
> Tue<SPAN
> Wed<SPAN
> Thur<SPAN
> *Fri*1989-1<SPAN
> -0.11%<SPAN
> 0.52%<SPAN
> 0.10%<SPAN
> 0.08%<SPAN
> 0.44%1990-2<SPAN
> -0.99%<SPAN
> -0.08%<SPAN
> 1.02%<SPAN
> -0.78%<SPAN
> -0.57%1991-3<SPAN
> -0.02%<SPAN
> 0.89%<SPAN
> 0.78%<SPAN
> -0.63%<SPAN
> -0.65%1992-4<SPAN
> -1.64%<SPAN
> -0.24%<SPAN
> 0.15%<SPAN
> -0.15%<SPAN
> -0.08%1993-1<SPAN
> -0.45%<SPAN
> -0.36%<SPAN
> 0.34%<SPAN
> 0.11%<SPAN
> -0.42%1994-2<SPAN
> -0.70%<SPAN
> -1.12%<SPAN
> -1.42%<SPAN
> 1.31%<SPAN
> 0.50%1995-3<SPAN
> 0.45%<SPAN
> 0.10%<SPAN
> 0.35%<SPAN
> 0.31%<SPAN
> 0.18%1996-4<SPAN
> 0.73%<SPAN
> 0.74%<SPAN
> 0.33%<SPAN
> 0.46%<SPAN
> 0.46%1997-1<SPAN
> -0.19%<SPAN
> 0.64%<SPAN
> -0.16%<SPAN
> 0.06%<SPAN
> 0.38%1998-2<SPAN
> 0.37%<SPAN
> 0.53%<SPAN
> -0.05%<SPAN
> -1.26%<SPAN
> -0.95%1999-3<SPAN
> -2.18%<SPAN
> 0.71%<SPAN
> 2.70%<SPAN
> 0.53% <SPAN
> 0.67%2000-4<SPAN
> -2.76%<SPAN
> 4.37%<SPAN
> -0.98%<SPAN
> 2.13%<SPAN
> 2.36%2001-1<SPAN
> -1.21%<SPAN
> 0.28%<SPAN
> 2.25%<SPAN
> 1.02%<SPAN
> 1.34%2002-2<SPAN
> -0.53%<SPAN
> 1.99%<SPAN
> -0.80%<SPAN
> -0.04%<SPAN
> -0.23%2003-3<SPAN
> 0.42%<SPAN
> 1.52%<SPAN
> 0.97%<SPAN
> -0.68%<SPAN
> -0.96%<BR
clear=all>Avg
-0.59% 0.70%<SPAN
> 0.37%<SPAN
> 0.17%<SPAN
> 0.17%Win%<SPAN
> 27%<SPAN
> 73%<SPAN
> 67%<SPAN
> 60%<SPAN
>
53%
<SPAN
><SPAN
><SPAN
><SPAN
>
<SPAN
><SPAN
><SPAN
><SPAN
>S&P
500 (SPX)Year<SPAN
> Mon<SPAN
> Tue<SPAN
> Wed<SPAN
> Thur<SPAN
> *Fri*1989-1<SPAN
> 0.12%<SPAN
> 1.43%<SPAN
> 0.37%<SPAN
> -0.31%<SPAN
> 1.12%1990-2<SPAN
> -1.21%<SPAN
> -0.21%<SPAN
> 0.51%<SPAN
> 0.27%<SPAN
> -1.14%1991-3<SPAN
> 0.21%<SPAN
> 1.69%<SPAN
> 0.73%<SPAN
> -0.51%<SPAN
> -1.10%1992-4<SPAN
> -1.41%<SPAN
> 0.02%<SPAN
> -0.11%<SPAN
> 0.44%<SPAN
> -0.63%1993-1<SPAN
> -0.33%<SPAN
> -0.53%<SPAN
> -0.33%<SPAN
> -0.94%<SPAN
> -0.55%1994-2<SPAN
> -0.83%<SPAN
> 0.02%<SPAN
> -0.13%<SPAN
> 1.53%<SPAN
> -0.25%1995-3<SPAN
> 0.87%<SPAN
> -0.15%<SPAN
> 0.11%<SPAN
> 0.17%<SPAN
> 0.23%1996-4<SPAN
> 0.44%<SPAN
> 0.57%<SPAN
> -0.22%<SPAN
> 0.42%<SPAN
> 0.09%1997-1<SPAN
> 0.82%<SPAN
> 1.48%<SPAN
> 1.17%<SPAN
> -0.23% <SPAN
> 0.60%1998-2<SPAN
> 0.08%<SPAN
> 0.27%<SPAN
> 0.34%<SPAN
> -0.97%<SPAN
> -1.04%1999-3<SPAN
> -2.24%<SPAN
> 1.29%<SPAN
> 2.29%<SPAN
> 1.70%<SPAN
> -0.14%2000-4<SPAN
> -0.33%<SPAN
> 3.33%<SPAN
> -1.11%<SPAN
> 0.27%<SPAN
> -0.85%2001-1<SPAN
> -1.50%<SPAN
> -1.22%<SPAN
> 1.59%<SPAN
> 0.47%<SPAN
> 1.50%2002-2<SPAN
> -0.76%<SPAN
> 2.34%<SPAN
> -0.20%<SPAN
> -0.14%<SPAN
> 0.06%2003-3<SPAN
> -0.18%<SPAN
> 2.17%<SPAN
> 0.84%<SPAN
> -0.83%<SPAN
> -1.38%<SPAN
> Avg<SPAN
> -0.42%<SPAN
> 0.83%<SPAN
> 0.39%<SPAN
> 0.09%<SPAN
> -0.23%Win%<SPAN
> 40%<SPAN
> 73%<SPAN
> 60%<SPAN
> 53%<SPAN
>
40%
<SPAN
><SPAN
><SPAN
>I expect the major indices will be higher on
Friday April 16 than they were on Thursday April
8.
<SPAN
><SPAN
><SPAN
>I was overcome by exuberance last week and
overlooked the extremely overbought condition of the market.<SPAN
> All of the major indices were down, but
all less than 1%.<SPAN
><SPAN
><SPAN
><SPAN
>This
report is free to anyone who wants it, so please tell your friends.They can
sign up at:http://www.guaranteed-profits.comIf it is not for you, reply
with REMOVE in the subject line.Thank you,Mike Burk
W5/L7/T2<SPAN
><BR
clear=all>I have been having difficulty with my e-mail server for the past
several weeks. One subscriber
reported getting 75 copies of one report and many of you have reported getting
20-30. I may discontinue publishing
until that problem is resolved. If
I do discontinue e-mailing the reports, you should still be able to get them,
along with a lot of other interesting material, at:<BR
clear=all>http://www.safehaven.com/http://www.freebuck.com/
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