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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (309)7/2/1999 10:08:00 AM
From: JLIHAI  Read Replies (1) of 19219
 
Still bullish until the market looks tired. Seasonality seems to be working like a charm. I don't expect a scary setback in technology until the middle of the month.

Strong oil prices have me a little concerned about the airline segment of the transports.

The market has been awful strong this week. I'm not making new purchases right now because of the short-term-overbought factor.

Over the next week, I expect any pullbacks to be of short duration.

Hope this is useful.

JL

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