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

To: J.T. who wrote (391)	8/5/1999 12:13:00 AM
From: J.T.	Respond to of 19219

I have kept silent long enough with all the back-stabbing and innuendos that goes on reading between the lines of double speak posts. Certainly, I like anyone else, reserves the right to change my mind. I went Bullish June 30 b/c MR. G pulled the wool over everybody's eyes going "neutral bias". But the truth can only be deceived for so long. Now the truth is coming out to roost. I also have my parameters. It was quite obvious I was taking too much time to input MITA Numbers and not simply type away about supports and resistances. Back to Bearish July 26. Never knew it a requirement to post everyday. Best, J.T.

To: J.T. who wrote (391)	8/5/1999 10:31:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Ralphie AmakeyouPOORAH has INTC target at $98 per share. But he forgot to say we would reach $62 first and get a 15% discount off the highs of $74, and that may not even be a bargain. INTC is the BULLS symbol of the last great hope for new withering heights. Best, J.T.

To: J.T. who wrote (391)	8/5/1999 11:07:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

No Power, no principality, no institution, no person, no Mr. G. and no Chicago pits is going to hold this break of support levels. It is the cumulative sum of buyers and sellers who vote the market every day and dictate market direction. It could happen as early as today, tomorrow, next week. Maybe we get this one more extended run another 3% to 5% more. The point is, this is not something that is a whim or has developed overnight. This has been developing in the larger context since Oct 8 of last year and one could argue May of 97' when market breadth was at an all time high. Right now breadth is negative almost 3 to 1. We are right now at May 97 breadth levels--- DOW 7,000. So we get this little intraday reversal, let the boys have the stock in a game of musical chairs where people, not chairs are walking away from the buying game. TOO MUCH SUPPLY AND NO DEMAND, NO? At the very least, BULLS better hope that we get back to 1 to 1 A/D Levels today or it is the pits who deserve to hold the long bag. Best, J.T.

To: J.T. who wrote (391)	8/5/1999 1:28:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

WHAT A RALLY: 874 ADVANCES, 1935 DECLINES <GGGG> NAZ Advances 1,200, Decliners 2,400 Everyday mom and pop, and most mutual fund holders are getting whacked in this market. It is fallacy to think otherwise. The nimble traders make money to be sure. But this is the equivalent of maybe 1% of the investing public. To be sure, today, in 1999, approximately 55% of the American households are in the stock market. In August of 87' it was roughly 36%. In 1929, the rough estimate was about 20%. My simple question is: If everybody is invested for the long term, and will not sell no matter what, than why is everybody glued into the stock market on CNBC and watching Greenspan's every move? Best, J.T.