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

To: J.T. who wrote (2208)	1/3/2000 3:06:00 PM
From: fut_trade	Respond to of 19219

Yes, special insight is needed for the NDX. I want no further part in it. The NDX is detached from fundamentals. The gap up this morning was a freak. My guess is that it will just crash one day when no one expects it. The SPX is slightly to the upside regarding forward P/E, but still within grasp-able limits. The upward-break of the Long Bond yield impacted the SPX as it should have. I'm glad to see the last SPX addition was not an NDX member.

To: J.T. who wrote (2208)	1/3/2000 3:35:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

I just noticed that GE didn't gap up this morning, and ended the day down significantly. I thought that indices would be safer to trade than stocks, but I now wonder if it would be better to find a few large Dow stocks to short in a "weak" (rising interest rates) market.