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

To: J.T. who wrote (1117)	10/28/1999 3:25:00 PM
From: marginmike	Read Replies (2) \| Respond to of 19219

J.T. Have you looked at the volume today? It is apparent the overall market is down on weaker volume and up on heavy volume. This says to me the money wants to buy its just looking for an excuse. The overall trend here looks quite bullish going into the end of the year. I think we are just getting back to where we were before OCT. The fact that NDX isnt as strong as DOW and BKX can be explained by its realitive strength when market was in free fall. We probably will pull back in the near term but this market will be at all time highs by year end. The weak hands have been shaken out and there is a LOT of money sitting on the sides. The reason the volume has been weak for months, is those investors have chosen to sit out OCTober. They are now getting back in. IMHO this is not the time to go short the market. However I am usially wrong!