Re: [RT] SP 5-24

[profitok <profitok@xxxxxxxxxxxxx>]

My work suggests an exit  for tomorrow for 
my  long 10nq short 10 es
main reason is  soxx index have been showing a 
topping action
Ben
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 26, 2004 8:28 
  AM
  Subject: Re: [RT] SP 5-24
  
  
  I'm attaching a screen shot of 6 years of daily NYSE McClellan Oscillator 
  prepared from data taken each day from the WSJ Market Diaries. This shows some 
  remarkable action:
   
  On 5/10 the McO reached -382, a level not seen since the post 9/11 
  of -406.
   
  On 5/24 the McO reached +303, a level not seen in 6 years of the daily 
  data which I have collected.
   
  This represents an incredible move of 685 points in the McO in 
  10 trading days where the NYSE moved from a close of 6251 to 6429 or 
  178 points, a percentage move of just 2.8%.
   
  If it were not for the fact that a) employ double match data entry and b) 
  recheck each day's data on the day following entry, I would suspect the data. 
  In that I have a high degree of trust in my data, I find this to be worthy of 
  considerable notice. 
   
  Were it not for the fact that the market is already so extremely valued, 
  I would think we were on the cusp of a major bull market rally. Lacking this 
  explanation, I can only guess that the market is telling us that something 
  extraordinary is either happening or about to happen.
   
  Earl
  <BLOCKQUOTE dir=ltr 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx 
    href="">Duke Jones, CMT 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Wednesday, May 26, 2004 5:17 
    AM
    Subject: RE: [RT] SP 5-24
    
    
    <SPAN 
    >Earl.
    <SPAN 
    > 
    <SPAN 
    >Does<SPAN 
    >  “NYSE MCO” refer to Operating 
    Companies or am did I miss something simple again? <FONT 
    face=Wingdings color=navy size=2><SPAN 
    ><SPAN 
    >J<FONT 
    face=Arial color=navy size=2><SPAN 
    >
    <SPAN 
    > 
    <SPAN 
    >Thanks,
    <SPAN 
    > 
    
    <SPAN 
    >Duke 
    Jones, CMT
    <SPAN 
    >Longboat 
    Global Advisors, LLC
    <SPAN 
    ><A 
    href="">www.longboatglobal.com
    <SPAN 
    ><A 
    href="">www.sectorrotationfund.com







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