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RB,
If Soybeans rally 60 cents or more or test the highs near the
May 19th New Moon, look to go short for two weeks. If correct, this should be
good for 60 - 120 cents on the down side. Cover on 1.20 decline or by Full
Moon, which ever occurs first.
Regards,
Norman
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>
----- Original Message -----
<DIV
>From:
RB
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 07, 2004 1:34 AM
Subject: Re: [RT] SP 5-6-04
Norman,
Have any ideas on the next bottom and top in the grains?
And what kind of up and down move can happen?
Thanks,
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>
----- Original Message -----
<DIV
>From:
Norman
Winski
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 06, 2004 6:29
PM
Subject: Re: [RT] SP 5-6-04
Howdy Delta,
My stock market sentiment
indicator moved into the buy zone tonight, indicating the market should be
at a low within 1-2 days. There is one short term
cycle activating tomorrow which usually triggers a 1-2% correction over
1-2 days. My cycles analysis indicated a flat and choppy week for this
past week and up next week leading to a May 17-18 peak. So, there
should be a low by Monday's opening and then perhaps about up about
5% into mid May. Watch also for a possible peak in crude oil
prices circa May 17.
Regards,
Norman
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>
----- Original Message -----
<DIV
>From:
<A title=delta88343@xxxxxxx
href="">delta88343@xxxxxxx
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 06, 2004 9:09
PM
Subject: [RT] SP 5-6-04
As suspected, this move up was weak. This does not bode well for the
bulls. If we don't close above 1122 tomorrow or shortly thereafter,
this high would be 2 days early which is nothing too terrible, but due to
the tough time this market has had moving up this week is an indication of
weakness. Since the next low point is due in a week or so,
and considering the weakness we saw this week, we could have some
real problems here.
Could easily take out the lows of 3/24 I would think.
Is anyone seeing the same thing?
See attached chart if so inclined.
<IMG
src="">
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