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

To: Nichols who wrote (127)	6/16/1999 10:53:00 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 19219

I think it's best to stay out of the way until the event is over. I never bet on an outcome, no matter what and just trade after the dust has settled.

To: Nichols who wrote (127)	6/17/1999 12:37:00 AM
From: J.T.	Respond to of 19219

allen, the market was stoked to move big time in one direction or the other and this has been building up since last CPI report. Supports were held numerous times in the DOW, SPX, BKX, RUT and many other indices. This "market coil" became more tightly wound after inconclusive evidence in employment numbers which measures wage inflation, and the PPI number which was benign but off-set by large retail numbers. Market needed clear answer today and it got one. Inflation is still tame, but certainly on the periphery. These indices that I have put up over last 16 days have helped me sharpen my focus and keep my biases out of market. I have highlighted many times the indices at the cracking point only to hold and bounce off support like a tennis ball on court. CPI # could have gone either way, but everytime we get to these levels goldilocks has a way of showing up and so the bull party lives on. My side-bet was core rate at least .02% with broad rate .03% with some DJX puts. The cards were dealt and it was not meant to be. I took my hit, but knew full well to immediately go long after one hour and the gains stick across the board. Tremendous buys everywhere right now which I mentioned in previous post. We are headed higher and new highs are now in sight across the board. I will post new resistance and support levels later. Hope this helps. If not, ask... Best, J.T.