Re: [RT] SP 5-10-04

["Norman Winski" <nwinski@xxxxxxxxxxxxx>]

Earl,
 
   Sorry if I wasn't  clear. I was looking for 1-2% down 
from Thursday's close or Friday's opening.  I think there is potential for 
a 5% rally from whatever low is established this week. 
 
Regards,
 
Norman
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, May 10, 2004 11:02 PM
  Subject: Re: [RT] SP 5-10-04
  
  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







Yahoo! Groups Sponsor


  ADVERTISEMENT 












Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/realtraders/ 
To unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxx 
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.