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

To: J.T. who wrote (554)	8/10/1999 2:51:00 PM
From: J.T.	Respond to of 19219

The A/D Index is portending "crash-like numbers" We have 2,400 net declines right now. This would normally take the DOW down 5% at a minimum (SEE TOP 10 DAY SINGLE DROPS IN DOW FOR EVIDENCE). This mini-rally is trying to sucker more takers in. This thing is going lower in the DOW tomorrow as we get the pullback in the smokestacks and oils. You are going to get small intermittant rallies but they will be shortlived. The real bounce may not happen until Friday or Monday after lower lows are registered. NO TIME TO PLAY HERO YET. THE HEROES WILL VANISH LIKE FLEETING STARS AND DISAPPEAR INTO ORBIT. Best, J.T.