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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: macavity who wrote (4073)8/4/2000 11:46:06 AM
From: LaVerne E. Olney  Read Replies (2) of 19219
 
From possibly a little longer term perspective, I think we go higher from here. Index share volume was 150% yesterday, and today it is currently running around 162% with very little fade (as it usually does mid-day). 500,000 shares of DIA just traded in large blocks after 11:20 AM which is pretty unusual, and took the DIA to 290%! users.chartertn.net

I continue to see the market action very similiar to the 1994-95 Fed-tightening period. users.chartertn.net As soon as the market believes the Fed is through, I think we will have a sustained move upward.

leo
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