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 wrote (7099)	3/8/2001 1:06:22 PM
From: David Lee Smith	Read Replies (1) of 19219

J.T., I don't see why you would go to the dark side with cash levels over 1200 and a low 1x S&P level. The double your pain guys appear to be getting in, but should it take a 5-to-1 ratio of bulls over bears to trigger a sell off? I'm still keeping my 2x bull funds for now as I believe we should soon see a breakout to 1320 on the S&P to close the gap. In addition, I think tomorrow the Fed will cut rates by 50 bps after the future inflation report is released at 9:30 EST. I think that's the final number he's waiting for. See dismal.com It the Fed cuts rates tomorrow, where do you think the market will go?

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