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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (116)	6/16/1999 11:04:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Bulls land right hook and floor Bears to the canvass as goldilocks lives and core CPI # comes in at .01%. Last nights comment: <WAS JUNE 15 RALLY FOR REAL, OR WAS IT FIBONACCI RETRACEMENT? Answer: Tomorrow is line of demarcation for next leg up or next leg down. The proof is in the pudding and the details of the numbers.> Now we look at 1 hour opening numbers which we will revisit at end of day: DOW 10,725 + 130 SPX 1,321.5 + 20.5 OEX 672.5 + 12 RUT 439.5 + 5.5 COMP 2,481 + 66 NDX 2,125 + 67 This is our base and one good tell-tale sign if this bull has new legs and is going to rock to new highs. On another note, I am long PIXR as they do animation for Toy Story and now Tarzan which comes out Friday. Has pulled back nicely for run to new highs, IMHO. Good relative strength and nice TA base formation. In at 42 3/16 and in July call options. Best, J.T.

To: J.T. who wrote (116)	6/17/1999 12:56:00 AM
From: J.T.	Respond to of 19219

And the answer to the question below is: The BULL is not memorex, not fibonacci, baby; it is LIVE, REAL and KICKIN'.. New highs ahead <WAS JUNE 15 RALLY FOR REAL, OR WAS IT FIBONACCI RETRACEMENT? Answer: Tomorrow is line of demarcation for next leg up or next leg down. The proof is in the pudding and the details of the numbers.> Best, J.T.

To: J.T. who wrote (116)	6/17/1999 9:10:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

FIBONACCI'S LAST CALL FOR SAVING FACE Fibonacci needs to hold these HIGH and some real tight (OEX SPX)resistance levels, OTHERWISE NEW HIGHS ARE IMMINENT: DOW: 10,917 SPX: 1,336 OEX: 677 NDX AND COMP CLOSED ABOVE FIBONACCI LEVELS YESTERDAY, BUT WE MUST ENTERTAIN POSSIBILITY OF ONE DAY ABERRATION. Need to stay above these TIGHT supports on a close. TWO DAY CLOSES BELOW these levels will turn these levels back bearish: NDX: 2,158 COMP: 2,498 There is a serious battle going on for these high resistance levels defended by bears and get taken out by bulls; in the same likeness, maintaining advances in the line of demarcation for high support level watermarks and consolidating these gains is ultimate victory for bulls toward advancing bull troops to new highs. We should be lower out of the blocks with CPQ profit warning and continued restructuring. Dow down maybe 40 to 50 and then bounce. Lets see where this bounce leads us. Best, J.T.

To: J.T. who wrote (116)	6/17/1999 11:27:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Networking(NWX), Computer Software(CWX) Indices catch fire with SOX to new highs. Look at MITA post 116 below with emboldened stock ideas to go long: <These are ideas for long or short going forward off of tomorrows <CPI>#'s. For the BULLS: 1) SOX is white-hot and 1) MOT is in roll reversal with INTC as heavy hitter in SOX. These two companies trade places and play musical chairs every three to four years and if market is going to run tomorrow and eventual new highs MOT is off to 120 and beyond. No new highs for market and complete market breakdown beneath 200 dma supports and this stock is a steal below 72 on a severe wash-out play. LSI also very strong. COMMENT. MOT IS NOW THE LEADER AND INTC BACK-SEAT AS WITNESSED TODAY IN MICROCOSM. THE MONEY TO BE MADE IS IN MOT. ANY STOCK AT 90 WITH GOOD RELATIVE STRENGTH AND STRONG TECHNICALS WILL IN MOST CASES GO TO 100 AND BEYOND. Target is 120. I will initiate july calls in MOT tomorrow. 2) CWX (Computer Software)our new baby addition to the MITA family. CWX (compliments of JL1HA1). Again, if the market runs, look at CA and ADBE and of course king kong MSFT. ERTS is poised too. If market futures is down hard prior to out of box wait till dust settles for first hour. Need to see where supports hold-- if they hold. COMMENT. ERTS IS ROCKING AND HAS ROCKET FUEL FOR TAKE-OFF. IF THERE IS MARKET WEAKNESS TOMORROW AND/OR MONDAY MSFT ON A PULLBACK TO SAY 81 AREA IS POISED FOR THAT RUN. CA BELOW 50 IF POSSIBLE. 3) NWX (Networking) cwx cousin baby is strong. Long ideas if market breaks out are NT has had nice pullback here and is poised to run. TLAB, ALA must be in core hold. giant CSCO, and for buy out or undervalued buy and hold COMS is ripe. No long positions yet if market has distaste of CPI #.> COMMENT. LOOK AT ALL OF THESE STOCKS NOW FOR PURCHASE. NT TO 100, TLAB AND ALA ARE DARLINGS. CSCO IS MSFT OF NETWORKING. I REALLY LIKE ALA AND NT. COMS MAKES SENSE FOR PURCHASE NOW. ALSO POTENTIAL BUYOUT TARGET, RUMORS IN THE PAST WELL NOTED. BEST, J.T.