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

To: J.T. who wrote (2822)	5/5/2000 12:03:00 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

I think its irrelevent all rallies should be sold. Until market prices are attractive again there will be no buying interest. A bright sput is that russell 2000 looks like it DID form a bottom and might be the place to be coming into the evential recovery. Until I see a rally with SEGNIFIGENT volume I am staying out. The bearish Wedge is intact and as long as Naz stays below 3900 we are still in a downward pattern. The game has changed, and many havnt figured it out. Inflation is back, slower growth is back, and profits cant get much better. This is not an enviroment to pay top dollar for Tech stocks. Of corse This is just MY opinion, and I am wrong as much as I am right. However Ill take my 7% and sit.