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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James F. Hopkins who wrote (8749)10/3/2001 11:53:39 AM
From: J.T.  Read Replies (2) of 19219
 
The shorts are now in the tinderbox.

John Roque says this morning DOW 9100 is near term top.

I disagree. I think we are going higher if we bomb the terrorists within next 48 hours. It will be an extending melt-up and short covering will add fuel to fire.

Counter-trend MELT-UP to continue if bombing materializes in next 48 hours. DOW now at DOW 9025 up near 75 points.

Best Regards, J.T.
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