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

To: J.T. who wrote (1379)	11/18/1999 5:57:00 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

I think Tomorrow will be a short term high, We will sharply pull back going into year end. We just had the santa rally early. The market seems one step ahead of itself now. I think we will rally through the spring, and in the summer and fall of y2000 will be the beginning of the end! There is still to much money, and liquidity out there. When the Bubble really bursts will be when the World Economy really gets HOT, and the market sees the end of the cycle. I dont think were there yet, and I agree this Nazdaq thing is ridiculous. However we will not have a crash in an election year in my opinion. It will occur at the end of y2k or beginning of y2k1. We need some time for these easy dollars to get soaked up.

To: J.T. who wrote (1379)	11/18/1999 9:17:00 PM
From: fut_trade	Read Replies (2) \| Respond to of 19219

I'm not bullish or bearish. I think that's a way to lose money. The market is the market and it moves the way it moves - within certain constraints. I'll post my S&P 500 stats here today. S&P 500 Daily Statistics - 11/18/99 Stocks above 200-DMA: 245 Advances/Declines: 242/244 2-week new highs/lows: 90/63 10-week new highs/lows: 47/20 52-week new highs/lows: 28/7 Total stock volume: 1091263500 11/18/99,245,242,244,90,63,47,20,28,7,1091263500 Declines beat advances for the second day in a row. The 2, 10, and 52-week new highs have decreased for the second day in a row, while the new lows have all increased. Combine this with extremely low equity put to call volume and we could have a reversal next week. However, for now, the trend is firmly up.