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 (2642)	4/25/2000 12:16:00 AM
From: J.T.	of 19219

mike, I think they can slice thru NDX 3,207 like knife thru warm butter on any kind of strength in this ECI number. Maybe we get a short lived rally for two days- maybe not. These guerrilla rallies are wiped out in no time on the likes of MSFT et al poor earnings visibility conference call or any inflationary eco or strong growth numbers now. Still not enough fear as Rydex OTC (LONG NDX) still at 2 Billion 712 million from 2.98 billion on the 19th. Short NDX 100 Rydex Arktos still at paltry 162 million up from 147.7 on the 19th. When we get over 200 million - then I will know we are close to bottom. I think we are in store for more of the same action and I will stick to NDX 2,620 drubbing intraday test simetime within next few weeks. I am back out of NDX and back in XAU nice whipsaw. ggg Best Regards, J.T.

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