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 (593)	8/12/1999 11:22:00 PM
From: James F. Hopkins	Read Replies (1) of 19219

HI JT; I'm with you for the most part. One scare that may have set it down harder today than it would have is the CBOE got notice of a power outage about 2pm and the floor traders got out of long bond positions as fast as they could, that set rates up faster than what would have happened other wise and a lot of traders just didn't know what was happening until it was over. But I think the rally was due to fail anyway. So far I see a gap down in the Morning. I did OK with the UOPIX yesterday, and went short the qqq on the close roping it off. Closed both positions on the close today but may should have kept the qqq short. Things were happening to fast for me & just looked to mixed up so I captured what profit I had & went cash. Jim

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