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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Christopher who wrote (610)8/13/1999 6:45:00 PM
From: pater tenebrarum  Read Replies (1) of 19219
 
Christopher, too many people believe that for my taste...this rally has likely more legs. just consider for a moment next week's CPI. do you really believe it won't be baked just right just as today's PPI was? as soon as it is published we'll get monster rally part two. and since we're not all that far from new highs, we'll probably hit them before the FOMC meeting. i admit there is still a slight chance that this is a bull trap, but i don't give that scenario a high probability.

regards,

hb
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