MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (18768)	12/16/2004 4:18:23 PM
From: J.T.	of 19219

Took profits in Rydex Long Funds before the close. On the Dark side now. Sentiment and Key Divergences like a shot across the bow can not be ignored any longer. Will now supercede pure price action and Huge New IPO issues dumped onto the market this week. Supply flooding the market will temporarily trump demand for stock. Selling Pressure > Buying Power near term. Casino stock action signifies short term top. Time for cycle and rinse. What a great ride!

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