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 (15007)	11/8/2002 2:24:09 PM
From: J.T.	Read Replies (3) of 19219

The market has digested all double overbought levels down yesterday and for good part of today as FUD characteristics have embraced Mr. Market in 2 short days. This is exactly what was needed to keep the Bears in play and fulfills minimum requirements in this pullback. With the DOW down 65, COMP down 16 and SPX down 8, for market to do my bidding I do not want to see the market turn up into the bell. I want fear uncertainty and doubt to be on the minds of investors into the weekend. Right now the ten year bond yield sports an unattractive 3.84% out of that lower band and provides few alternatives as the market ramp back up commences into acceleration next week. Love that CBOE Equity Index Put Call ratio at 1.13 and pure vanilla P/C ratio right at .99. Best Regards, J.T.

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