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Strategies & Market Trends : Group Theories

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To: macavity who wrote (801)	11/9/2003 11:16:17 AM
From: macavity	Read Replies (1) of 1017

ST Outlook : US Market Indices. NEUTRAL from BULLISH ST : BULLISH above PVTLOWS The IT direction is Bullish. ST we have gone to Neutral. This $SPX=1050 region is proving tricky, but unless we close below it we have to assume that the direction is still up. Below it we have moving average support at $SPX~1048 and below that IT_PVTLOWS at 1044-88. So between the Friday's close and 1044 there is enough support to not get aggressive about going short. short ESZ3 -macavity

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