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 (8399)	8/23/2001 1:28:13 PM
From: Chip McVickar	Read Replies (1) of 19219

>>We will still get a decent counter-trend rally just getting outta da gate later then I expected. << GDP is the next market mover....! Noise from earnings problems is still strong in the publics favorite stocks. Public doesn't believe that the Bush tax cuts are going to work and the retail sector is worried about the xmas buying season. In My Opinion.., any growth in these markets will not come from the tech stocks. They are dead-in-the-water until another evolution of computers are needed or any major break through is announced like quality voice recognition. My Guess is that solid companies with good balance sheets doing some business over seas will remain strong. But any hint of inflation and this market will get whacked. I'm Bullish right now, but will quickly short any weakness in the charts.

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