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

To: Copeland who wrote (2352)	1/17/2000 2:10:00 PM
From: J.T.	Respond to of 19219

Copeland, you are right. With MSFT reporting after the bell on Tuesday - Market continues to climb this wall of worry. Also, we are TWO days away from going over DOW 12,000 intraday. That in and of itself, will cause additional upside bias as it again becomes fear of loss for those who have decided to sit out with Y2K and all, and are now afraid that the train is going to leave them again. Are market valuations lofty? ABSOLUTELY Are stock prices ridiculous? By all historical measures... YES But Can the market go Higher? NO QUESTION IN MY MIND IT CAN OVER THE SHORT TERM> NEVER FIGHT THE TAPE ACTION. HIGHER WE GO. REMAIN LONG. Best Regards, J.T.