Re: [RT] SP 5-10-04

["Norman Winski" <nwinski@xxxxxxxxxxxxx>]

Monday Night Update:
 
    My sentiment indicator popped back into buy territory 
tonight, making it two out of three days, again indicating a probable low 
within 1-2 days.  I have several short term projections pointing to 
the 1070 area +/- two as a key area for the S&P. I will consider 
buying on a dip to circa 1070 on Tuesday.  You may remember I 
previously mentioned a short term cycle which would cause a 1-2% correction 
beginning May 7? That was based on Mars entering Cancer. In 
addition to effecting the stock market, Cancer rules Silver. It often 
takes 1-2 days for a market to turn once Mars enters its 
sign.  Looks like Silver may have made low Monday morning.  
I went long July at 559.  Check it out. It could be $1  
higher by next week.    
 
Regards,
 
Norman
 
        
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, May 10, 2004 7:49 PM
  Subject: Re: [RT] SP 5-6-04
  
  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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