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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: David Lee Smith who wrote (5748)12/22/2000 11:59:37 AM
From: J.T.  Read Replies (1) of 19219
 
David,

Everywhere I look I see bulls. The options guys are buying calls big time, I see you're joining in, even my bearish friend STGG is looking for a bottom. I'm sorry gentlemen, I will remain the lone bear.

Your model doesn't seem to allow you the opportunity for hit and run techniques on up days like today. Your model works great in established up or down trends but this ain't no ordinary market right now. I think the trick for you would be to go to cash and lock in gains when the model goes neutral.

Best regards, J.T.
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