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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (9743)1/12/2002 8:43:13 PM
From: High-Tech East  Read Replies (2) of 19219
 
J.T. ... it is time to "call the dogs in" as the "bear" is loose ...

... if equities do not break down this week or possibly as late as next week, the next big break may be put off until June or July ... in which case the break will probably be even larger ...

... the SPH2 looks fragile, the commercials and public opinion are significantly opposite each other, and the ADX and stochastics are "pinching" big time ... bullish advisors are extremely bullish and bearish advisors are the smallest percentage in at least two years ...

... I have 6 S&P March puts, 4 long silver contracts (at 4.08) ... and will likely sell 2 SPH2 March contracts when Globex opens Sunday at 6:30 PM ...

... ready and waiting near Boston ... let's rock 'n roll ...

Ken Wilson
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