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 (11785)	4/26/2002 4:07:04 PM
From: High-Tech East	Read Replies (1) of 19219

<<the launch is coming and it will commence at the latest by the end of June>> ... the end of June is a long way off (and I know, you said the latest by the end of June) ... my guess is you have smartly plugged in some serious wiggle room for yourself ... ... the S&Ps are now at that same dangerous level they were at in February and March before equities bounced ... maybe we will go sideways for a while, but my guess is that if we do not quickly move up from here (1079 right now), we could be testing the October and November, 2001 lows around 1060 in a few days) ... ... FWIW, I do not think we will test the September lows yet ... I think that will happen in October when Q3 earnings prove to one and all that they are not coming back well enough to justify valuations ... ... but a rally starting before mid-May looks very likely to me (not withstanding an equity unbuckling caused by unforseen events such as oil supply problems from the Persian Gulf or terrorist events in the U.S.) ... at least that is what I think right now ... ... I've covered my S&P short positions ... and looking to be long by mid-May ... Ken Wilson

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