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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (2922)5/12/2000 12:30:00 PM
From: J.T.  Read Replies (1) of 19219
 
mike, why don't you consider buying 1/3 of your QCOM 101 3/8 position at these levels in case you could be wrong?

Look at DITC from the 88 levels.. Now now 97.. JDSU at 79 now at 90 1/2. GMST 39 now at 48 1/4

Volume is now a lagging indicator. The significant move will already be made before volume confirms.

To be sure, you will get some sort of small pullback 1 to 3 days after the news is out but that will be much higher than the registered lows on Tuesday. But then we move significantly higher thru most all of June.

OUT.

Best Regards, J.T.
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