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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: da_cheif™ who wrote (4949)10/13/2000 6:13:11 PM
From: David Lee Smith   of 19219
 
This market is making a Monkey out of me!! The MomentuMonkey Indicator has gone from SELL to NEUTRAL. My gut feeling is that we haven't reached bottom, I'm expecting S&P around 1283, NAZ 3600, and DOW 9000. I think we've hit support for the NAZ that got a strong bounce. The big trend is still down for the NAZ (after 3600 it's down, down, down). But the MomenuMonkey Indicator says to cover your shorts and wait. I'd especially do this if you own NAZ type stocks. Dow shorters might just hold on.
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