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

To: J.T. who wrote (2310)	1/13/2000 10:56:00 AM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 19219

Thanks. I do tend to be cautious. Probably because I "blew up" huge in the crash of 98. I can give you about 260,000 good reasons why I am now extremely cautious. You are probably right. It is very difficult "trading scared money", if you know what I mean. I expect a really strong rally for the next couple of days, but this leg of the intermediate trend is a little overextended (at least in the futures). Stochastic overbought and the odds (extent and duration) are 4:1 against continuation without at least a Fibonnaci retracement. I enjoy your thread, and I watch the BKX a lot more than I ever used to, now. It does seem to precede the big moves. Matt