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 started this subject	12/5/2000 12:13:30 PM
From: David Lee Smith	Read Replies (2) of 19219

11:15am CST. MomentuMonkey Indicator is still NEUTRAL, however, it is getting more positive. MOMENTUM has been upgraded to POSITIVE from NEUTRAL, and the target price has been raised to 1400 on the S&P 500, up 2.4% from current levels. For those who were lucky enough to go long yesterday, I'd recommend locking in profits. A follow through rally is not likely as the U.S. dollar remains in a very decisive downtrend that shows no sign of reversing soon.

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