Re: [RT] SP 5-10-04

["EarlA" <earl.a@xxxxxxxxxx>]

Norman,
 
Then you are anticipating a 1-2% rally in a 
bear trend which will continue beyond 1070? If so, why not establish/add to a 
short position on the 1-2% rally?
 
So far, I'm seeing nothing which makes me 
want to attempt the long side again. I closed out 40% of my ND 100 shorts on 
Friday at 1410 and did a light long trade on the SP 500. Fortunately, I had a 
stop under the ND 100 at 1412 to re-establish my full short position because I 
was stopped out of the S&P long.
 
Earl
<BLOCKQUOTE dir=ltr 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, May 10, 2004 6:38 PM
  Subject: Re: [RT] SP 5-10-04
  
  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







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