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 wrote (5575)	12/13/2000 12:51:06 PM
From: David Lee Smith	Read Replies (1) of 19219

J.T., Sad moment in U.S. history. The MomentuMonkey indicator is upgraded to NEUTRAL from NEGATIVE. New price target is 1348, 1.6% lower than 1369.07 at 11:36 CST. Both Valuation and Momentum indications have been upgraded to NEUTRAL. I am still 100% in Pro Funds Ultra Bear because the MomentuMonkey target is still negative and as you can see, we teeter back and forth between SELL and NEUTRAL. This indicates a trendless market with a bias to the downside. Should this bias turn into a trend (hopefully down), then the SELL indication will be more consistent. Best wishes, David

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