MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who started this subject	2/28/2001 3:03:21 PM
From: marginmike	Read Replies (1) of 19219

JT you are doing what you did in 98 in the reverse. You are remaining to bullish here. The breakdowns in the index's are apparent to me, and should be to you. Buying on the hope of a FED move is bad Investement strategy. Remember not to get cornered by your positions. BB is right that RYDEX could get extreme and stay that way for a week or more. At the top the TA went crazy, on the downside I assume the same. The positive is this extreme will signal a reel tradeable bottom. The FED is asleep. The economy is falling of a clif, Japan below 13K, Huge banking debt problems about to surface. The fed cut rates and market is down 10% since?? I guess sometimes it does pay to figh the fed, it did in 29' and 90 in Japan. If that is an omen we are about to see a debalacle. Hope I am wrong. When I am in doubt I stay out.

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