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

To: marginmike who wrote (727)	9/28/1999 9:38:00 PM
From: J.T.	Respond to of 19219

marginmike, Go Long the NDX tomorrow (QQQ or its largest % component core stocks). 2,340-2,360 NDX has held firm. SOX holding 509 confirms NDX. IIX has not even come close to retesting initial 307 support let alone 300. NDX will run. The market smells that "G" will do nothing with rates come next Tuesday. At previous FOMC meetings, it started to rally two days before. Now the market is getting an early rally start. 1) Temporary Oversold market conditions. 2) End of quarter window dressing 3) FOMC holding rates steady. 4) The Pre-dawn of earnings season commencement. Most companies that already confessed they will not make the quarterly estimates have done so. That means the bigs for the most part will make or beat the street estimates. It's time to play that "buzz now".... Buy the rumor.... and either ride the wave or sell into the news. Best regards, J.T.