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


To: J.T. who wrote (900)10/18/1999 1:48:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
RE: CPI CORE RATE:

quote.bloomberg.com

...The core rate
of the CPI, excluding food and energy costs, probably rose 0.3
percent in September.
That would follow a 0.1 percent August
increase and mark the biggest gain since April.

Should have no problem with showing up benign vs. the expected core #.. Just in time to set up for the rally tomorrow.

In the meantime, I would like the selling to accelerate this afternoon from this DOW 10,060 level to DOW 9,850 intraday and get this TRIN above TRIN 1.16 at the close. At a minimum, I would like this DOW to get below this mornings low of DOW 9,976. Unfortunately, this is asking the market to do bidding for us and we know market is master to no one. Nevertheless, this would be the ideal framework from which this countertrend rally tomorrow could spring up from.

Best Regards, J.T.