MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: pater tenebrarum who wrote (2009)	12/15/1999 11:05:00 AM
From: marginmike	Read Replies (1) of 19219

You are all wistling by the grave yard again. I agree 100% in what you are saying, and one day this will come home to roost. However until demographics and Macro events occur to shake the foundation the trend will be up for the forceable future. The crash in 29 and the Japenese crash as well as the 70 oil shock years had Demographic, and macro issues that compounded the problems. Without these events the worst case is a 30% correction with a fairly quik recovery. I think what we have here is some profit lock up going into the end of the year. I would guess Naz could fall 10% from high before year end. We will then rally again into April. As JT knows dont fight statistics. In presidential election years the stock market hasnt gone down in over 50 years. I would expect the same this year as well. Despite my sceptisism I am playing the techs until the break their trends on individual basis. I have moved to smaller cap techs because there is still some value there. As long as economy hums this market will not go down substantially. I will look to lighten up my tech positions right before or after 1st quarter Earnings Announcement. Just to be safe!

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