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

To: Dwight E. Karlsen who wrote (2349)	1/16/2000 1:27:00 AM
From: fut_trade	Read Replies (2) \| Respond to of 19219

I was short QQQ, but I covered Friday for a profit. The market could turn down on a dime anytime now. Everything is overvalued. The Fed has started to drain some of the liquidity it's been pumping into the Monetary Base. The Long Bond yield will soon be above 7%. The Fed is suggesting multiple rate hikes in the near future. There may well be a snowballing effect on the world markets. I have no problems trading short positions at this time.