MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (1031)	10/25/1999 11:16:00 AM
From: J.T.	Read Replies (3) of 19219

BKX 795 is the tale of the tape. It is right underneath it right now at BKX 794. I refuse to go long the broad market until this BKX confirms. On Friday in MITA 1,011 I mentioned we needed this second close above BKX 795: ...<BKX is acting like a monster now at BKX 797. If today we get this close above BKX 795, I am still on the short side into the close. If Monday we get this second close above this BKX 795 and I get confirmation in other indices, the market tells me to go long>... ---------------------------- and in MITA 1,041: ...<This BKX is relentless on the upswing right now is telling me that the broad market lows in are place. However, I would like this second confirmation on Monday before I get that confirmation that it is time to go bullish. I will be missing this first leg up. But maybe I can get in on the second or third floor of the elevator back to heaven. I am not going to get trapped into one way tunnel vision thinking -- Bull or Bear. While I still remain with this bearish bent, I will nevertheless play both ways>.... ----------------------- I also mentioned that today we had a 71% chance of being down in MITA 1,041 and why I stayed short S & P 500 Rydex Ursa: ...<Market on Monday we know has this 71% probability of being down. Those are good odds in any competitve event>.... Out until early afternoon. Best Regards, J.T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next