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 (1952)	12/14/1999 11:27:00 AM
From: pater tenebrarum	Read Replies (3) of 19219

J.T., from the bulls' POV it is good to see the money coming out of the NAZ rotating into the Dow, but overall i'd say a negative market reaction to better than expected CPI data is not especially encouraging. it indicates that a certain sense of distrust has entered the markets with regards to BLS data. i'm a bit perplexed that the dollar is staying so strong, and i guess that that is what keeps the market from tanking more. the bond market is crumbling precipitously...note that three month T-Bill yields broke out to fresh 2 1/2 year highs yesterday. in a normal (non-mania) market, this would be extremely negative... regards, hb

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