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

To: James Strauss who wrote (326)	7/5/1999 2:32:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

James, You are never short on the "visual effects". Nice job. Almost too good to be true, "NIKKEI" at night rolling to new 52 week highs and now the U.S. seemingly getting fresh legs to dance. Now if we think opposite, like those boys down on the Chicago floor, what leak or rumor are they going to start to take the punch bowl away. Sometimes they do it with this answer in the back of their minds: BECAUSE WE CAN. Market reminds me of time right before Christmas when Bill was going through his Monica/Impeachment troubles; the Chicago equity boys thought we were going to be rangebound or even break supports. I said on Dec 17 Market was to commence relief rally and get to 9,600 by end of January. Relief rally started almost immediately thereafter. I also thought there was going to be a heavy hangover after that, beyond January. Wrong on point two. The point is this: The Chicago boys might be looking for pullback or rangebound trading. But if the inmates and gen-X'ers are running the asylum, then the money will start pouring in and they will command the money managers to be fully invested or your fired. This becomes like feeding frenzy as the herd buys in droves and the piranha's immediately suck the life-blood out of the herd taking lock-jaw bite out of market and unsuspecting novice investor. We will soon find out. Best, J.T.