Re: [RT] SP 5-6-04

["RB" <rhodes@xxxxxxxxxxxxxx>]

 Norman,
 
Have any ideas on the next bottom and top in the grains?
And what kind of up and down move can happen?
 
 Thanks,
 
<BLOCKQUOTE 
>
  ----- 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
  <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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