MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: fut_trade who wrote (2339)	1/15/2000 11:12:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 19219

Peter, I wasn't implying that I thought you were short MSFT and/or INTC. I did assume you may be short an index, since you said to J.T.: "SPX Breadth (yesterday at end of day) improved a little, but not convincingly. Same for NDX. I'm short now because I don't see much upside. I have no opinion on downside, but it could be significant." My mention of MSFT reporting Tuesday was a simple heads-up, which you of course may discard as you see fit. But bellweathers such as INTC and MSFT often lead other stocks up on their strength. I believe that INTC upside earnings surprise was the major reason why on Friday, even though bond yields went up, all major indices went up even more. But I guess I already said that before.

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