SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J.T. who wrote (5516)12/8/2000 2:02:00 PM
From: J.T.  Read Replies (1) of 19219
 
This is the what we do on MITA stick out our neck daily and call these moves in advance many times immediate gratification E Factor american expediency now look at this from the rydex archives last night the backtest:

...<What I saw today was BKX, UTIL and SPX held relatively well in a grind-down type of day. With the SPX I am sure we are near the 2/3 fibonacci pullback from the 50 point melt-up and I think we are now at the point to go back up and re-test that SPX 1,375 level. I also believe on the BKX we are going back to test BKX 860-870 level. It dropped like a stone too fast from this zone off of Bank of America problems the fire in the theatre sell first and figure it out later that is what happened. Now it will work its way back up and lets see if it holds and consolidates or turns back down again>...

We are now at SPX 1,373.40 and BKX 855.24 rigth up to our target areas last night prior to judges ruling.

Now on favorable ruling for Bush we will melt-up thru SPX 1,375 and BKX 860 into the bell and expect to close on or above these levels. The question becomes can we get follow thru???

We have not had good back to back follow thru days since October 19-20 back to back days. We could get similar returns today and monday.

Best Regards, J.T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News