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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5802)12/27/2000 12:48:59 PM
From: David Lee Smith   of 19219
 
J.T. get ready for some quick money! Our models agree and that is when the big money has been made. Although the MomentuMonkey model is NEUTRAL with a bearish bias, we are fighting the FED, the Santa Claus Rally and the January Effect by being bearish now. MomentuMonkey continues to be NEUTRAL with a negative bias. Target price on S&P 500 1301, down 1.9% from current 1327.20 at 11:35 CST. Both Momentum and Valuation remain NEUTRAL. I continue to believe the risks on the downside outweigh the prospects for upside. I remain 100% in Pro Funds Ultra Bear (2xS&P500).

Good luck,

David
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