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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: robert b furman who wrote (14963)11/4/2002 1:10:25 PM
From: J.T.  Read Replies (3) of 19219
 
Nobody believes the rally.

Did you notice who went home today 'sick'? Natalie Wood analogy is still fighting the tape.

We need to give the Bears some hope in here to keep them in their short game plan. I do not want to see COMP pierce COMP 1426 and change the August 22 and July 17 intraday high double top today.

So far the high is COMP 1,420.03 up over 4.2% today up another 50 + points.

COMP is leading the way higher ahead of SPX and DOW.

For the market to do my bidding I would like to see a pullback in here off todays intraday highs into the next few days.

Then the next leg of the ramp takes us into Thanksgiving holiday the end of November.

Best Regards, J.T.
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