MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (116)	6/17/1999 11:27:00 PM
From: J.T.	Read Replies (1) of 19219

Networking(NWX), Computer Software(CWX) Indices catch fire with SOX to new highs. Look at MITA post 116 below with emboldened stock ideas to go long: <These are ideas for long or short going forward off of tomorrows <CPI>#'s. For the BULLS: 1) SOX is white-hot and 1) MOT is in roll reversal with INTC as heavy hitter in SOX. These two companies trade places and play musical chairs every three to four years and if market is going to run tomorrow and eventual new highs MOT is off to 120 and beyond. No new highs for market and complete market breakdown beneath 200 dma supports and this stock is a steal below 72 on a severe wash-out play. LSI also very strong. COMMENT. MOT IS NOW THE LEADER AND INTC BACK-SEAT AS WITNESSED TODAY IN MICROCOSM. THE MONEY TO BE MADE IS IN MOT. ANY STOCK AT 90 WITH GOOD RELATIVE STRENGTH AND STRONG TECHNICALS WILL IN MOST CASES GO TO 100 AND BEYOND. Target is 120. I will initiate july calls in MOT tomorrow. 2) CWX (Computer Software)our new baby addition to the MITA family. CWX (compliments of JL1HA1). Again, if the market runs, look at CA and ADBE and of course king kong MSFT. ERTS is poised too. If market futures is down hard prior to out of box wait till dust settles for first hour. Need to see where supports hold-- if they hold. COMMENT. ERTS IS ROCKING AND HAS ROCKET FUEL FOR TAKE-OFF. IF THERE IS MARKET WEAKNESS TOMORROW AND/OR MONDAY MSFT ON A PULLBACK TO SAY 81 AREA IS POISED FOR THAT RUN. CA BELOW 50 IF POSSIBLE. 3) NWX (Networking) cwx cousin baby is strong. Long ideas if market breaks out are NT has had nice pullback here and is poised to run. TLAB, ALA must be in core hold. giant CSCO, and for buy out or undervalued buy and hold COMS is ripe. No long positions yet if market has distaste of CPI #.> COMMENT. LOOK AT ALL OF THESE STOCKS NOW FOR PURCHASE. NT TO 100, TLAB AND ALA ARE DARLINGS. CSCO IS MSFT OF NETWORKING. I REALLY LIKE ALA AND NT. COMS MAKES SENSE FOR PURCHASE NOW. ALSO POTENTIAL BUYOUT TARGET, RUMORS IN THE PAST WELL NOTED. BEST, J.T.

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