MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James Strauss who wrote (519)	8/9/1999 10:34:00 PM
From: Christopher	Read Replies (1) of 19219

James, August and October are the worst months for the stock market. November, December, and January are the best months for the market. The AMEX Internet Index and the DOT internnet Index have both created a H&S and broke below it few days ago. AMEX Internet Index closed today below its 200 dma, a very bad sign for NASDAQ. S&P 500 is going through a intermediate correction and we are half done so far. Probably in the first two weeks of November we will see some improvement. TJ is right in his bearish sentiment whether we have crash or go down gradually. Bond yield are going up and that is bad for Bonds and stocks. Good trading, Christopher

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