MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (18742)	11/23/2004 2:42:48 AM
From: J.T.	Read Replies (1) of 19219

Nice cover. I was expecting follow thru down for the whole day today -Monday. The fact it did not happen shows how strong this market is. I ate my shorts and took the loss in Rydex. With offsets back in play, Monday marks the quickest reversal off the mini-cycle turn and sets up for major Bullish implications. We are potentially within 1 or 2 trading days of a MAJOR BREAK-OUT CONFIRMATION and ADDITIONAL MELT-UP SIGNAL. I couldn't afford to miss out, let alone be caught short. As a result, I reversed course, and now 100% Long Rydex before today's bell. Back where I beLONG....To Da BULLS....

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