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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 (1367)	11/18/1999 4:54:00 PM
From: J.T.	Respond to of 19219

Matt, As you know, anything is possible. Especially in light of this latest upside blow-off. Your scenario could happen. Seriously. We could go from DOW 11,000 to DOW 13,500 or higher between now and year end in a massive blow-off if interest rates came down below 6% and bank/ financials started fully participating. Just think, if only MSFT and IBM could get back to old highs... NIRVANA HEAVEN Is this possible? In light of this latest run...anything is possible. Is it probable? I highly doubt it.. That is why I will let BKX tell me what to do. It will confirm the next major advance. I won't fight BKX for confirmation. Even though these valuations are ridiculous. As for your scenario laid out: sure it could happen. But everyone knows November and December are the strongest stock market months of the year. EVERYBODY. Just try to expect the unexpected. Like, maybe, just maybe, we don't rally next week. A strong seasonal period this Turkey week. But I will not fight BKX and DOW confirm. Watch MSFT. It did squat today. Just like IBM helped me call the last DOW pullback down 12%. I certainly have missed the latest NDX run. But as Bernard Baruch use to say, I never heard of anyone who went broke taking some profits off the table early. Best Reagrds, J.T.