MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: OVETUS who wrote (6390)	1/30/2001 1:47:26 PM
From: J.T.	Read Replies (1) of 19219

OVETUS, IKE has good read here, 75 basis point will provide melt-up same day tomorrow with maybe carryover into next day. This would fit into my SPX 1,400 intraday and NDX 2958- 2972 intraday high and then sell into strength. 100 basis points is much too optimistic market would scream higher than sell-off - too many whipsaw possibilitues here. It will send the wrong message that the economy is crashing into recession and the pundits whill all ask why??? Any way you cut it... sell the rally it is interest rate based earnings are dead next 3 months... Best Regards, J.T.

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