MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (18831)	8/9/2005 2:49:14 PM
From: J.T.	Read Replies (1) of 19219

Crude Oil one day removed from all time price highs and the market keeps going higher even after a healthy pause. Remember the days when the Bear argument was AG keeps lowering rates (to eventually 1% on Fed Funds) and yet the market keeps going lower in 2002? The call was for DOW south of 6000 and even 5000. Now, after the 10th consecutive Fed Funds increase to now 3.5%, the market just keeps going HIGHER and there are VERY FEW BELIEVERS in this SECULAR BULL MARKET. DOW 11,000 + will be TOAST rolling into the fall 2005. New ALL TIME HIGHS in the DOW 11,800 + will be TOAST before spring 2006. All the Bears who frequented this board in 2002 are nowhere to be found on MITA. They have all dispersed to I-FLUB.

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