MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: David W. Taylor who wrote (1105)	10/28/1999 2:04:00 AM
From: J.T.	Read Replies (3) of 19219

David, I can see where you are coming from but the market for me is going to rally on this ECI #-- a relief rally of sorts, before we turn back down hard. As for AMZN.. look at EBAY today.. did not do heavy damage to NDX or broad market today. The internet stocks had their run and were the strong group in this latest pullback. Now I think the NUTZ will underperform and lag in this latter trend bounce. I agree with your assessment that we are going back down, and potentially very hard, but not before this rally that commences bright and early tomorrow right out of the box. Certainly I will look like a fool if I am wrong. That is the beauty of S.I., and this little universe in MITA. I like to stick my neck out, sometimes I am right and other times the guillotine awaits me. I have learned it well not to be stuck in cement of one-sided position. I have probably lost loyalty of friends on both sides because I am subservient to what market is telling me and then I speak it from the heart. Best Regards, J.T.

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