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


To: fut_trade who wrote (2339)1/15/2000 11:14:00 AM
From: marginmike  Read Replies (1) | Respond to of 19219
 
To 10% and by the end of the year if you ignored the crash you would have been ahead of where youve been What is your point?



To: fut_trade who wrote (2339)1/15/2000 11:49:00 AM
From: TWICK  Read Replies (1) | Respond to of 19219
 
Don't mean to down play the 87 crash, but in the big picture, to me at least, when I compare the effects and aftermath of the 1929 crash, it's but a scratch.

Twick



To: fut_trade who wrote (2339)1/15/2000 11:12:00 PM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 19219
 
Peter, I wasn't implying that I thought you were short MSFT and/or INTC. I did assume you may be short an index, since you said to J.T.: "SPX Breadth (yesterday at end of day) improved a little, but not convincingly. Same for NDX. I'm short now because I don't see much upside. I have no opinion on downside, but it could be significant."

My mention of MSFT reporting Tuesday was a simple heads-up, which you of course may discard as you see fit. But bellweathers such as INTC and MSFT often lead other stocks up on their strength. I believe that INTC upside earnings surprise was the major reason why on Friday, even though bond yields went up, all major indices went up even more. But I guess I already said that before.