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 (8469)	9/6/2001 4:54:39 AM
From: James F. Hopkins	Read Replies (1) of 19219

Hi JT; I just got in from the boat job and saw the Update, Thanx. Updated my (relative MM spread sheet ) the MM is now at April 3rd levels relative to Nova & OTC, Like you said one more good down day should wash out the weak hands and set up a rally. But how much of a rally is a question I don't have an answer for. We have to keep in mind the figures we are looking at for the Low on April 4th may have got a lot worse except for that "surprise" rate cut. If it's going to take another "surprise" we could be out of luck. At least I doubt it will come from Greenspam , however some unexpected good economic news could hit and do the trick. ------------- Jim

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