MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (2547)	4/19/2000 12:19:00 PM
From: J.T.	of 19219

mike, the fact that this is a non-incumbant election year seasonalitywise makes this year even more difficult. Believe it or not, during the non-incumbant elections where the opposite party takes over, the may-october period will out-perform the november-april period. April tends to be a safe month EXCEPT IN BIG BEAR MARKETS. And the NAZ correction this April from high to intraday low is like a bear correction in fast forward. I think we need to at least probe the lows even if it is above that NDX 3,200 support. Market heading down off the highs...BKX 774 and locking into 770 test like a heat seeking missile.. Best Regards, J.T.

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