Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (1587)	11/30/1999 9:32:00 AM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 19219

JT, I am with Twick on the big picture. Big picture, I don't see how this market goes anywhere but up. Think of the overall supply and demand. There is huge demand (very little competition to the stock market) and gobs of money coming in every day. It's demographics. Baby boomers are not going to have social security in all likelihood. That means that we have to be invested whether we like it or not. The fact is, where else are we going to put our money? Bonds? LOL! Foreign markets? LHOL! The passbook savings account? LOL! The market will no doubt have to have it's pressure relieving pull backs, but there is no way that the market goes down huge until the boomers start pulling money out and putting it into bonds 10-15 years away. By then, the busters will be hot on our trails pumping their money in. The real big one happens when the negative population growth catches up with us (if it does). Big picture, this baby goes straight up. We are writing history here. Sure, we have pullbacks and corrections along the way, to take the steam off, but then forward at full throttle again. Matt

To: J.T. who wrote (1587)	12/1/1999 2:31:00 AM
From: J.T.	Respond to of 19219

UTIL UPDATE: Like the cousin BKX UTIL got a nice bounce up and closed at UTIL 281.53. This is minimum resistance (previous support) requirements of UTIL 281.50 MITA established last Wednesday November 24th, when I issued one of few escape clauses to turn back Bearish in MITA 1,510: ...<BKX is now below BKX 840 at BKX 839. If we close below BKX 840 and UTIL reverses its gains and closes below UTIL 281.50: IT WILL BE LIGHTS OUT FOR ME BEING BULLISH>... I would like to see two closes above UTIL 282 which is less than half point away and should be "doable" if Bull is still healthy, alive and well and for us to clear this dangerous zone of support at UTIL 278. A break of UTIL 274 will accelerate DOW, BKX, SPX and TRAN selling. bi bi with love. I will leave the NDX, DOT, SOX SPX to the best prof... I am tired. Best Regards, J.T.