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

To: J.T. who wrote (599)	8/13/1999 10:18:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 19219

J.T., as you can see, the market takes even the slightest positive news as an excuse to rally sharply...this is not how an impending bear market acts. i can't help myself but respect today's rally. it's the perfect continuation of the SPX reversal off the 200-dma. there were lots of bullish divergences on the day the lows were hit and it looks to me now as though the correction has been postponed for at least two weeks, if not more. if the CPI comes in good as well, we'll see new highs within a few weeks. regards, hb