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 (12102)	5/7/2002 4:25:41 PM
From: High-Tech East	Read Replies (2) of 19219

<<Make no mistake, we are going to see a monster rally commence before Memorial Day but most likely before the end of next week ending on May 17. And we are going to rally hard into July and potentially August before investors know what happened. Stealth accumulation going on and this rocket is not going to accommodate those not on board waiting for September 21 to get taken out decisively.>> We are certainly due for a rally J.T. - I agree with that. I also agree that we will not likely take out the September lows (in the short run, anyhow). Please define a monster rally? Starting , say, May 24 and lasting "hard into July" (let's say through July 19) ... that's a length of 8 weeks ... would you point to some specific range of numbers you might expect for the DJIA, Nasdaq Composite and SPX on or around July 19th? Based on the trend in Larry Williams set-ups on the DJ, ND and SP, right now, it looks like we may well return to strength in equities in the next 2 to 6 weeks ... the question is how strong and how long? Ken Wilson

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