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Re: [RT] SP 5-6-04



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Howdy Delta,
 
 Congrats!  Looks like you were right.  I am still expecting 
a 
powerful turning point circa May 17.  
 
Regards,
 
Norman
<BLOCKQUOTE dir=ltr 
>
  ----- 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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