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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (15567)12/13/2002 8:15:42 PM
From: James F. Hopkins  Read Replies (1) of 19219
 
Hi JT; They kept me busy on the boat most of the week, with
low volume the Dollar Volume Index has been negative since
the 10th..today too, however late in the day it slowed on it's
fall and it looks like some shorts covered after hours.
My few shorts closed on a limit order early in the day,
all in all my longs suffered more than I gained on the
shorts.

With low volume I can't tell if we go back up from here
or not. Looks like a crap shoot to me but I favor
a gap up Monday, after that I might get a better
read IF I'm not out again.
( The Fed is adding liquid and taht should work,
for a rally from here ) If it don't we are in deep
shit.

Most market gurus are saying we are traped
in a range.
However I think we are getting close to a BIG move ,
while I'm not sure which way I favor a rally, at least my
shorts are closed <G>
The the Dollar Volume Index (since I cranked
it back up) has signaled all the moves, however
only very short term.. ( if we don't get a lot of bad news
over the week end; ) we will gap up on the open Monday.

Jim

PS aginst the grain and a lot of advice my largest
long position is GT..I like the dividend and with
the CCs I sold she will have to dive a lot more to hurt
me. I have the CCs spread out from 2003 to 2005.
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