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

To: TWICK who wrote (1177)	11/2/1999 4:38:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

TWICK, I will be leaving shortly and hopefully can comment tonight. As for some of these charts with this lingo, I am too stupid to know what an engulding candle, harami or shooting star is. I just call it the way I see it, like this BKX support and resistance levels...nice and easy. My levels held today. BKX held BKX 875 support and NDX held NDX 2,620 into the close. First one more day of this upside combustion tomorrow. Then we can accommodate Friday's employment numbers for the Bears. <g> Best Regards, J.T.

To: TWICK who wrote (1177)	11/2/1999 4:38:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 19219

TWICK, it appears that some economist at J.P. Morgan called for another three rate hikes within the next six months...he sees the Fed funds peaking at 6%. the market didn't like hearing that. it doesn't sit well with stock valuations discounting the hereafter.... regards, hb PS: i think he's wrong btw. - the Fed doesn't raise rates in an election year...never has, never will. the current Fed is also the most prolific credit creator since the Fed of the roaring 20's. the bubble which A.G. isn't sure exists is a direct result of the rampant money supply growth of the past decade. i don't see that changing anytime soon...the beast needs to be fed. every dollar in GDP requires 5 dollars of credit. the printathon is almost certain to continue unabated.