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

To: LBstocks who wrote (1996)	12/15/1999 12:27:00 AM
From: J.T.	Respond to of 19219

LB, I have been echoing McCabe's message for God knows how long. And if bond yields back up much further, two close at or above 6.40%, for me it will lead to domino effect that will spill over to equities once and for all. This Bull has had its back against the wall and cornered numerous times in the last several years, only to come charging back snorting to its own bull dance. Again, Bull is backed into a corner, but can the Bear say CHECKMATE? As for today, look at all the bad news out today with bonds and overheating economy, consumer spending spree et al. In spite of this, DOW could not even break its first support level DOW 11,150. NDX couldn't break NDX 3,160. SPX 1,400. The list goes on. Now this BKX and UTIL and TRAN confirm Bonds fears: an overheating economy, robust spending that will not let up and a FED which is clearly behind the curve and is lame duck until Feb. Plus sprinkle in Y2K for zest. This will be resolved shortly one way or other. I am still dumb enough at my age to believe in Santa Claus. <g> But keep your powder dry and let supports tell us the way. Until supports break... jack be nimble jack be quick. Best Regards, J.T.

To: LBstocks who wrote (1996)	12/15/1999 8:50:00 AM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 19219

It's nice to see that Merrill Lynch has studied this matter in so much depth. I'm glad that ML clients are getting cutting edge analysis (since I only made precisely the same case last September on this thread). Gosh, I could have not done the work and waited for 3 months and Merrill's stable of market analysts could have come to the conclusion for me. Another fine example of how this thread consistently is miles ahead of the "pros". Keep up the good work guys (non gender speaking, of course). Matt