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


To: Copeland who wrote (2064)12/16/1999 8:58:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Copeland, lately it has been every other day theory. Up, down, up, down. Now if bond yields settle and come down there is much rocket fuel left in interest sensitive issues. AXP, C, JPM, MER BKX et al. This is where the action is next if we get this next rally phase of the market. Let BKX 752 be your guide.

We can not have bond yields get at or above 6.4% on two closes and below BKX 752 on a close. Otherwise, be open minded and be prepared to short.

For now, Santa rally has commenced enjoy the ride. How long this sleigh ride lasts is anyones guess. Let Rudolph, and Donner and Blixon indices be our guide and lead the way.

Best Regards, J.T.