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 (10089)	2/5/2002 1:56:32 PM
From: High-Tech East	Read Replies (2) of 19219

<<If by chance we close below SPX 1,050 (at this or some later 2002 date), capitulation will clearly unwind positions and we will head down to dead man zone SPX 1,016 - 1,018 before reversing hard back up. And it is quite conceivable we may need this kind of whiplashing to create the level of panic similar to 9/21 lows.>> ... amazing J.T. ... that sounds like a huge hedge on your part ... is that like the Rams conceding that they might not have won Stupor Bowl XXXVI ... <VBG> ... ... on a serious note, I do respect your analysis ... so I am more cautious than I might be ... which is probably a good thing ... ... I'm short the SPH2 from 1088.50 this morning ... ... watch out for Cisco Systems - reports earnings after 4:00 PM tomorrow, I think ... they could impact the market more negatively than has Enron ... in my opinion ... their manipulations of their financials is way over due to catch up to them ... Ken Wilson

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