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

To: Teresa Lo who wrote (842)	10/14/1999 3:12:00 PM
From: KM	Respond to of 19219

Hi, T. OT I think I spotted my first Grail today <G> Shorted CIEN on the 5 minute chart at 33 1/16, cover at 31. If you get a sec, could you look at the intraday chart and see if that was right? Thanks.

To: Teresa Lo who wrote (842)	10/24/1999 7:35:00 PM
From: Teresa Lo	Respond to of 19219

THE TRADER'S NOTES for Monday, October 25, 1999 Yesterday's Observations: Bounce off October lows has reached resistance for the S&P 500 index. Resistance for the S&P 500 index can be seen at the downtrend line at 1320, with the 50-day MA overhead at 1317. The 20-day EMA is at 1293. The CBOE Market Volatility Index (VIX) has dropped back to reasonable levels and it now nearing the lower Bollinger Band with the 5-day RSI nearing oversold. Market internals have improved but with new NYSE 52-week lows at 239 vs. 56 new highs, our only comment is that the index sure looks better on the outside than on the inside. The 10-day MA of Net Differential of NYSE New Highs/New Lows is not going up to confirm the rally. Today's Theme: Vulnerable. That's how we can describe this make or break week for the market. With both the S&P and the Dow Industrials approaching resistance on the upside, and the Nasdaq 100 and CBOE Internet index in a test of top (or trading range) in the works, buyers need to step up to the plate in a big way to move the market to the upside. Any hesitation will bring sellers back. Bonds remain in a downtrend, putting upward pressure on interest rates. The Trader's Notes prepares the trader for the day ahead, providing observations on market sentiment, internals, support/resistance levels and key pivot points in the major market indices using the daily chart. Use of moving averages and the Average Directional Index (ADX) indicator helps to determine whether the market is trending up/down or chopping sideways. Using Japanese candlestick charting techniques, observation of market action around support and resistance assists in the analysis of supply and demand based on fundamental principles of classical technical analysis. The results set up "if-then" scenarios used by the trader during market hours. Technical analysis is not used as a tool to "predict" the future or to pick tops and bottoms. It is used to detect areas of trend change and emerging trends. In a trading range, traders generally look to buy at the low end of the range and to sell at the high end of the range ? or stay out all together. In a trending market, traders generally look to enter the market on every retracement until it enters a trading range and ends on a test. The goal is to buy every dip in an uptrend and sell every rally in a downtrend. The trend is your friend until the end when it bends! Charts specific to these comments have been posted to intelligentspeculator.com

To: Teresa Lo who wrote (842)	12/15/1999 9:16:00 AM
From: Teresa Lo	Respond to of 19219

The Trader's Notes for Wednesday, December 15, 1999 We continue to monitor the big picture from the weekly charts due to the fact that the S&P 500 and the Dow Industrial indices are both testing the summer highs in this time frame. Last week, both indices traded inside the range of the one prior, creating what is known as an inside week, a pause or hesitation at the old highs. If the S&P and the Dow Industrials are to move to higher ground, they must do so now, this week. Falling back under the old highs, marked by the blue horizontal lines, will bring sellers for these indices, including the CBOE Internet Index. If we take a look at the S&P 500, we can see that the daily chart has been trading in a range since it failed to break out on December 3. With NYSE 52-week new highs being outnumbered by new lows by a 10:1 margin, market internals are very, very weak, and 1380 for the S&P 500 cash index will be critical support to hold on any further pullback. We have said for almost two weeks that the new 20-week lows being made in the Dow Utilities index (not shown today) were a harbinger of higher rates to come. Yesterday, after the formation of a Japanese Candlestick Harami pattern on the daily chart near resistance, Treasury Bond futures took their largest loss in recent memory. We can see now that bonds are in a triangle pattern, and traders will be watching economic data like hawks leading up to this year's last federalreserve.gov FOMC meeting due on December 21. The Trader's Notes prepares the trader for the day ahead, providing observations on market sentiment, internals, support/resistance levels and key pivot points in the major market indices using the daily chart. Use of moving averages and the Average Directional Index (ADX) indicator helps to determine whether the market is trending up/down or chopping sideways. Using Japanese candlestick charting techniques, observation of market action around support and resistance assists in the analysis of supply and demand based on fundamental principles of classical technical analysis. The results set up "if-then" scenarios used by the trader during market hours. Technical analysis is not used as a tool to "predict" the future or to pick tops and bottoms. It is used to detect areas of trend change and emerging trends. In a trading range, traders generally look to buy at the low end of the range and to sell at the high end of the range ? or stay out all together. In a trending market, traders generally look to enter the market on every retracement until it enters a trading range and ends on a test. The goal is to buy every dip in an uptrend and sell every rally in a downtrend. The trend is your friend until the end when it bends! Charts specific to this commentary has been posted to intelligentspeculator.com