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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: TA Trader who wrote (5573)12/14/2000 1:10:57 AM
From: J.T.  Read Replies (2) of 19219
 
TA Trader,

these warnings are being ignored by the market and in most instances the stocks are going up on this news. My take in here simply as a TA following oscillators and market action is that we are going higher still. I expect tomorrow to open higher, pull back rather quickly and then fight its way higher to the end of the day.

Market dynamics have changed. You have tradable rallies that must be sold. Buy when there selling and sell into strength before the herd jumps in and gets led to slaughterhouse. These fundswtichers trying to play long for the rally in rydex are getting creamed. Now look the money is leaving long again and as i will post tonight money market levels are back above 1 billion.

I think to get a true sense of this market start doing your homework on the period 1966-1982 rangebound up and down. Study how these individual stocks and indices acted. todays market is grinding action with continued downhill slope with relief rallies along the way.

So all these darlings lower estimates and guidance in order to beat the number it is fraud of the highest order. The revenues and growth won't be there I assure you once the new quarter comes starting in January and another wave of selling will commence.


I won't bother mention extreme bear markets lest I be labeled doomsdayer.

Best Regards, J.T.
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