MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (15698)	1/2/2003 2:02:22 PM
From: James F. Hopkins	Read Replies (2) of 19219

Well we did get over sold, Message 18379428 but so far this is looking like a dead cat bounce, the bonds sold off as balanced funds; ( to stay balanced sold bonds to buy stocks,) it will take more than switching to get us back going, we need new money ( everything going up ) or at least stocks making gains not at the expense of bonds. ---------- The high price of oil is the fly in the soup, oil is the new gold standard, and it's also like a tax on every thing. ---------- We could get some follow through on this rally for a few days..however it's not strong enough for me get excited I'll just hold the hand I got for now. Low volume is also still a problem, both ways, however today is somewhat better than last week, but we are still behind the 3mo avg. Jim

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