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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Matthew L. Jones who wrote (1144)11/1/1999 2:13:00 PM
From: Skipperr  Read Replies (1) of 19219
 
Hi Matt,

May I interject what I think may be a resolution between you and LG?

What I really like about JT is that he is very specific with his posts, sets targets, and tells why he is taking that action. It is right there in black and white. Sure, he may be wrong sometimes but you always know where he stands! I respect that.

For example, who could argue with me when I say I'm short-term bearish now and at the same time post my reasons:
1) Most highly correlated with year 1987:
mrci.com
2) The dollar looks like it has topped, short term:
charts.quotewatch.com
3) Oil prices are going up:
charts.quotewatch.com
4) And, the transports, who some say lead, are weaker than the rest:
cbs.marketwatch.com

I have a right to my opinion but I back it up with hard evidence. This is what JT does when he emphasizes why he's going long or short the market via the Rydex funds and he is looking for the BKX to lead:
www2.marketwatch.com

This is what I try to do. Also, James Strauss is an avid practicioner of this technic. Hope this helps.
Best regards,
Skipperr
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