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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (9955)1/30/2002 12:44:47 PM
From: J.T.  Read Replies (1) of 19219
 
This morning SPX intraday low SPX 1,081.66 has met my minimum near term SPX 1,080 downside target. And while there is risk to go down to this SPX 1,060 level b/w later today and tomorrow, the upside reward potential for reversal after the 'no cut' fed announcement is far greater than the downside risk imho. This will feed of this mornings positive GDP report.

I have bought CSCO 18.48 and C 45.50 for the countertrend reversal.

Best Regards, J.T.
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