MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: pater tenebrarum who wrote (638)	8/31/1999 2:08:00 PM
From: J.T.	Read Replies (1) of 19219

heinz, great observation. You can not have the stock market co-exist at these lofty price levels on deteriorating technicals and prolonged cancerous breadth statistics in the face of the twin bash brothers of a lower dollar and higher bond yields. EQUITIES will give way to gravity. But as you know, we have been down this road before. The difference is Jackson Hole and Mr. G finally admitting to the accounting gimmicks and that maybe things don't really appear as they really are. Man since the beginning of time has said this time it is different... Is this really a new era? Or do the bulls want it to be so? Best regards, J.T.

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