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

To: J.T. who wrote (2018)	12/15/1999 12:10:00 PM
From: pater tenebrarum	Respond to of 19219

J.T., no, i didn't...it would have been a good play, but call vs. put volume was so out of whack yesterday that i decided against it. btw, i believe now that most forms of ST technical analysis can be dispensed with in view of the Fed's actions. as long as they throw coupon passes and repos at us day by day higher stock prices in the ST are virtually assured barring a sudden outbreak of nuclear war. of course, that's not true for the majority of stocks, which continue to go down. internals continue to look horrible...but pick a few of the most overvalued big cap tech leaders and not much can go wrong as long as the Fed co-operates. of course you need to be nimble...note that the Hong Kong market came down with a loud thud last night...that's often a portent of weaker prices here. also the Helsinki Hex, which has a strong directional relationship with the Nasdaq plunged 5% today. regards, hb

To: J.T. who wrote (2018)	12/15/1999 12:40:00 PM
From: fut_trade	Read Replies (2) \| Respond to of 19219

NDX broke through the lower trendline this morning, but has since moved back above it. Yesterday, the breadth of the SPX actually improved and the breadth of the NDX weakened just a little. Thus even though the NYSE new lows look terrible, the SPX stocks are okay and NDX stocks are healthy. Money is tightly focused on the leaders.