MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: UnBelievable who wrote (4224)	8/26/2000 1:18:22 PM
From: da_cheif™	of 19219

unbelievable..... we're long and holding...most recently...frm 1447 in the sep sp....my take on the markets is to always be long no matter wat in order to not miss any part of this bull market...In fact the svc is still carrying a long position from 313.....we do however sell the nyfe or dj contract against the sp when I feel a short term pullback is looming....we are short against the sp currently....only because of the sloppy tape and the diagonal triangle formation....needless to say im not alone in that assessment thus we remain positioned to take advantage of any upside surprise.....which can also come out of this current ascending triangle.....theres an old saying..it the market looks ugly and it aint fallin ya better be long....

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