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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5885)1/3/2001 2:58:45 PM
From: High-Tech East  Read Replies (2) of 19219
 
JT, today is (probably) the biggest suckers rally in history ... much of the lousy earnings news is yet to come in the next three weeks, and the Fed has totally shot its wad (until March) - unless of course, the economy continues to disintegrate, in which case the Fed might cut rates by .25 on January 31, or between then and March 20 ...

... I say again, this is a true bear market that is not over , and we are probably headed for a recession ...

I just bought a third (sold the other one yesterday) S&P 500 March 'put' - should be easy money <g> ... I hope ...

Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any
one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.

Ken Wilson
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