MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Amots who wrote (17448)	7/1/2003 1:10:00 PM
From: J.T.	Read Replies (2) of 19219

I really like the set up. Shake and bake plan is the short term road map. The headline news is down beat, but look underneath and the details show pricing power in prices paid component up 5 points. Also new orders inching up. Employment index inside number up stealth 3 + points. Confirmed by Challenger Gray job cuts lowest in 31 months down to 59 K from 68K. Backtest against ECRI numbers WLI growth at 4 year high... Point of least resistance now is the unexpected add on melt-up in July. Market internals must be tested on this next rally. I am staying long for the run. Best, JT

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