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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (13439)7/16/2002 10:18:04 AM
From: marginmike  Read Replies (2) of 19219
 
even if the ratchet up stocks are still expencive. i am not saying we dont get a relief rally through aug here, but the industrial sector is ticking up as the housimg market is beginning to show signs of cracks. SO goes the real estate biz so goes AMERICA. My point is your huge launch would have to occur with a huge surge in growth. I am seing people now just start to pull horns in finally, this is the beginning of the end of the consumer. LOOK at XLE,S&P, and other charts breaking down out of 2-3 year H&S. The markets are saying theres a disaster arround the corner.
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