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 (3271)	5/23/2000 11:34:00 PM
From: marginmike	Read Replies (2) of 19219

Maybee we need AN Extreme where there are more shorts then long. The mania must swing the other way. COMP is going to 2800-3000 there is no way arround it, I still dont believe there was capitulation, and we finnished on the low. We had one of the greatest mania's ever we now need an equally terrifying continuation day in and out of a real bear market to ering out those excess's. I still dont think we are there. Short ratio is half the levels of past selloffs and VIX is still pathetic. Credit spreads are increasing still pointing out to some serious problems out there. The Dow must follow with the smaller stocks to one last huge leg down. I just see NO BUYERS and NO reason to buy. PNTR will not help, and Margin selling should now star excellerating, EBAY insiders at EBAY dumping their loads and lockups not slowing.

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