MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1559)	11/29/1999 8:04:00 PM
From: fut_trade	of 19219

J.T. With the strong uptrend in technology, I'm thinking it might be better to select only part of the S&P 500 to short in a market downturn. finance.yahoo.com The biggest losers today were XLB, XLF, XLI and XLU. As soon as the market completes this little correction I think it might be best to go long QQQ or XLK. You pointed out the current weakness in banks and utilities. A lot of that weakness is counteracted now by strength in technology in the S&P 500. Any thoughts on this as a market strategy over the next 6 months? Thanks. Peter

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