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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Softechie who wrote (5579)12/14/2000 9:09:47 AM
From: TA Trader  Read Replies (2) of 19219
 
My opinion on the market is the same after today. I sold the gap opening and then did some shorting. I covered near the close and went long ITWO, CHKP, VRTS, CIEN & NUFO. My game plan is similiar to JT. You must sell into strength and I believe buy into weakness. I am short term,on balance, bullish into January. I think there is a 50/50 chance of a rate cut next Tuesday. Seasonal factors favor the upside in here into January. Pullbacks on lower volume. NAZ still has 2 gaps below and they must be respected so sell strength and look to buy especially is we go down to fill them. I look for more strength today with a stronger close. Still some triple witching buying to occur.
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