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

To: pater tenebrarum who wrote (256)	6/29/1999 12:27:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

heinz, yesterday the bulls certainly landed another uppercut to the bears and floored em to the canvas. Last week we were down 4 days and up 1. This week will definitely bring more wild swings and joy rides. I am paying small insurance for the break-out... If Dow gets this close above 10,900 and locks it with second close we are off to races and go long as DOW will head immediately to 11,500 to 12,000 imho. Fear will be missing the train and next leg up as money managers are forced to play or die. There will be plenty of good buys so I will pay extra premium for my bent. However, If FOMC announcement or another number like NAPM or Employment numbers foam of the mouth with robust strength immediate concerns of that 2nd or much more important psychological unexpected potential 3rd rate increase will send market reeling to test supports, go thru supports and maybe bring it back up. A two or three day market bargain on sale 10% so to speak. It is here where money will come to work and volume will swell. Market always does what is least expected of by gurus. The market has much to swallow this week and I hardly doubt it will all be in spades 100% friends of goldilocks to land of nirvana. I will bolden #'s and events I deem to be important: Weds June 30: is Leading Economic Indicators (10 Est) Chicago Purchasing Managers Index(10) FOMC Announcement(2.10 - 2.15) Thurs July 1: is Jobless Claims (8.30) Construction Spending (10) NAPM #'s (10) FOMC Minutes from 5/18 (2.00) Auto Sales Fri July 2: is Employment Report (8.30) Factory Orders (10) Best, J.T.