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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (16632)3/26/2003 11:45:51 AM
From: J.T.  Read Replies (1) of 19219
 
Ten Year yield back down to 3.96%. Lots of room for the market to run until we hit 4.3%.

For the market to do my bidding for today, I would like a rally back to breakeven or even slightly positive into the last hour today and then a decline all the way into the bell have the DOW down say 60 - 70 points and SPX, COMP losers say 3-8 points...

But trading these down wiggles are worthless until the market gets double overbought again..

In the meantime, from my biased vantage point, the trend is still UP and all pullbacks should be bought.

Best Regards, J.T.
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