MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: patron_anejo_por_favor who wrote (17363)	6/16/2003 4:29:38 PM
From: J.T.	Read Replies (3) of 19219

Many reasons. After positioning and riding the Bull run since the March lows, I have been whipsawed twice in the past week and a half going against the Price TREND. Big Mistake. Fear of getting whipsawed again with any bad book to bill ratio number tonight re semis is on my mind. Small caps give me upside participation if the run continues but cushions the blow on the downside if I am wrong again. RUT has had a stealth defined run and now is in minor catch-up mode to the DOW SPX NDX and COMP re 52 week highs (intraday) today. To overcome emotions of 1) making a bad trade; 2)admitting it early; 3)doing something about it instead of getting frozen like deer in headlights; 4)reversing course in the opposite direction.... The 5 week RSI screwed up my short term outlook. Rydex numbers Friday night gave me that sinking feeling over the weekend and today reality hit. Rydex trumped RSI. I got toasted. End of story. Best, JT

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