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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7987)6/19/2001 10:25:13 AM
From: marginmike  Read Replies (1) of 19219
 
Funny thing happened on Friday. At 6pm after everyone was gone for the weakend and Larry Ellison was on CNBC> He was quite bullish, and in an almost unbelievably open way said things had bottomed, and things were actually picking up. NOBODY, I mean nobody picked it up in the Press. I went long some QQQ, QCOM and ORCL yesterday morn(a litlle early). I think we rally now one last time before the swoon of the fall that inevitable occurs. I am not getting greedy and will sell 1/2 my buys before fed. I am still long GOLD, and have added on the recent weakness DROOY and HM to my roster of NEM, GOLD, HGMCY. The Rydex, The VIX back up, Fed, and some good news here and I think the NAZ will try to bump up against 2300 again. I do believe it will fail. I would like to see VIX under 20 this time to get reall excited about the downside. I hope things have been well havent chatted in a whille.
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