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


To: J.T. who wrote (288)6/30/1999 3:06:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
I am now long the DJX July 112 and July 113 calls. My puts have drowned under water. Maybe float back up to water before expiration.

Best, J.T.



To: J.T. who wrote (288)6/30/1999 3:08:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Drugs are extremely cheap in here. LLY, PFE,JNJ, MRK, WLA et al are all buys in here. Discount sale is over. Time to buy, buy buy.

Best, J.T.



To: J.T. who wrote (288)7/1/1999 6:01:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Bookmark this post: DEFINITION OF RUN FOR ROSES:

Run for the roses is that last dash to the finish line and final bull market stampede to staggering new heights in which every living cognizant investor ultimately casts every available investable dollar into buying stocks in the hopes of getting his/her piece of the pie of the AMERICAN DREAM--The ultimate goal of financial security and no more worry in ones daily financial affairs of life. For this to occur, and has now commenced, you will soon see sentiment indicators such as the volatility index indicator (VIX) get briefly down to unheard of bullish levels of lower than 10 (which is a contrary bearish indicator); and investor intelligence readings which measures % number of Bulls vs. Bears get to brief levels higher than 69% Bulls (which to my knowledge has never happened), and finally put/call ratios of lower than .65 as measured by the OEX and .35 as measured by the CBOE. When the market rapidly approaches these levels, and they will, you will soon know that the BEAR draweth nigh; you will know that we are near at the mountain top; and there is only one way to go to get back to earth and reality as it used to be. The laws of gravity will take hold. And the majority of the masses will be mesmerized and frozen in tracks. But for now, let us enjoy the party and the fruits of this greatest bull market on earth while it lasts, and make hay while the sun shines.

Best, J.T.



To: J.T. who wrote (288)8/4/1999 11:48:00 PM
From: J.T.  Read Replies (4) | Respond to of 19219
 
WHAT REALLY AILS THIS MARKET? BAD BREADTH

The Advance/Decline Line is not only below its March 1999 low, but more importantly has crossed below the October 1998 low and is fast approaching it's May 1997 levels: WHEN THE DOW WAS AT 7000.

decisionpoint.com

GEE, WHAT A COINCIDENCE. 34% lower than today's close of 10,675 and reasonably in line with Big Al's Stock/Bond Model of 40% overvaluation.

Greenspan pulled the wool over my eyes and everyone else's eyes with his oxymoron "neutral stance" on June 30th. This only delayed the inevitable. The roadrunning bulls are now over the cliff and looking down standing on thin air and a whole mass of GRAVITY.

Best, J.T.