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: fut_trade who wrote (1448)	11/22/1999 10:08:00 PM
From: J.T.	Read Replies (1) of 19219

Peter, Let's play Jeopardy: The answer: <Breadth on the S & P 500 looks sick> The question: What is additional new highs in the 1999 SPX 500. ------------------------------------------------------------------- Say What? You got it. How? Financials/Banks. Why? It's a mania. Never question a mania. How high? Let's start with your SPX 1,469. DOW 10,550. Any Higher? Sure. How High? If MSFT comes out to play with the financials/banks, HIGHER. How much Higher? Do you want round numbers or minute numbers/ I like round. O.K. DOW 12,000 (11,980) and SPX 1,500 (1,495)intraday. No Shi... YUP... It is so.. What would stop this grand plan? Simple. BKX gets two closes below its 200 day MA which is BKX 844 and rising and UTIL index continues to move toward and below UTIL 280 and 30 Yr. Bond Yields heading toward 6.3%. Anything Else? Yes. Enjoy the rest of your Santa Claus rally early. Now go look for someone else to be grinch who stole xmas.<g> ----------------------------------------------------------------- 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