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

To: Matthew L. Jones who wrote (1294)	11/10/1999 12:22:00 AM
From: J.T.	Respond to of 19219

Matt, the cookie cutter class was not meant as a personal attack against you. Not at all. It was meant for all Bulls in general who make bush league brushstroke statements for Bears and qualify all Bears who think market as overvalued into this minority group of doomsday periphery prophets. Also, meant for those little jabs below the belt. I think those that dish it out should be able to take the heat as well. Myself included. I know also that I previously called for a potential crash in September and this did not materialize as all the support parameters I clearly set in place were never completely broken. Some were, some weren't. I stated we were in the clear crash-wise at the end of September. Does this qualify me as doomsdayer? Maybe yes according to some. My definition of crash was drop in market of 1000 DOW points. In reality, on percentage basis, this is peanuts compared to '87. I have recently stated we are ripe to take this DOW back down to DOW 9,500 between now and year-end. So yes, we could drop 1000 points tomorrow on hypothetical basis on unexpected inflationary data. Do I expect it in one day? Possible, but not likely. But this DOW 9,500 potentiality will only occur as the daily supports that I post continue to break. Everyone knows I have a Bear bias; just as everyone knows which people or threads have Bull bias. I respect both positions. And I will continue to use my indices to guide me just as BKX alone called for this set-up today and potentially going forward. Tomorrow PPI could be again benign and we could rally BKX right back up.. I will let BKX be my guide with DOW and NDX giving confirmation and other indices in periphery to back up thesis. I welcome your posts and hope you visit more often. I can learn from you as can all of us here on MITA. Maybe going forward on the curious front you can read some of my previous posts that link up to that specific paragraph BKX-wise you have in question before isolating on data that may not correlate with your own. To me it came across as one not doing homework and reading cliff notes instead of the book. I am going to take a look at your statistical data with great interest tonight and tomorrow and I am sure I may have some questions for you. Keep up the great work. Best Regards, J.T.