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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1622)12/1/1999 11:46:00 AM
From: J.T.  Read Replies (2) of 19219
 
Messy on the down side yesterday, and messy on the upside today.

Where is the beef?

If we are going to get this santa claus rally, BKX and UTIL must come for the ride.

Where are they today?

Absent from this rally and flat to down...

NAPM is one piece of puzzle.

But we had window dressing head start with YHOO added to SPX after the bell.

The close is what is important to me. Do we build on these morning gains and broaden out, or is this another classic case of nimble ones selling into the rally...

Best Regards, J.T.

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