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 (3378)	5/31/2000 2:04:00 AM
From: 2ripley2	Read Replies (1) of 19219

As always, JT, appreciate your market take. What a day to take a leisurely late (RMDT) lunch! Although I lost out (50% cash) in taxable account today (& kicking myself for not picking up JDSU @ 74 recently - now 91+), I may be able to take some 401(k) MF's off the table at a nice ST profit if tomorrow COMP/NDX closes in the green. We'll see. As a novice in TA/Index analysis (& still very green), I tend to take a more "seasonal" look at entry/exit points, and/or playing the tops & bottoms of trendlines in a gorilla/gorilla-like stock... but experimenting with shorter term position plays. Options are still a mystery to me. Understand the concept, but not the details or benefits of paying a premium for the privilege to purchace at a gambled stock price in the future... when one of the primary (unofficial) purposes of MMs seems to be to close on options Friday at a worthless strike price. Guess I'm dense, but it just seems like a losing proposition to me. Intrigued by your index analysis. Trading long only until now (almost 2 yrs), but wanting to learn more about trading both sides... shorting & options. You speak of summer rally, yet I have only endured getting creamed in the summer so far, only to survive an unbearable October for a recovery & finally profit in Nov-Mar rallies. Admittedly, I have probably been watching charts on individual stocks, when I should have been paying more attention to the overall market indexes. Any advice to put it all in perspective? tia, 2rip

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