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

To: J.T. who wrote (2824)	5/5/2000 2:49:00 PM
From: marginmike	Read Replies (2) \| Respond to of 19219

Things dont happen overnight, just like how the techs slowly sold off sector by sector. We are now in a rising inflation trend, and Its not close enough to the end to bet the long side of the bonds or the equities. We have CPI, PPI and Fed meeting in the next two weeks. As the snickers add says "not going anywhere for a whille?"! This rally is much weaker then the one several weeks back of thje APRIL 24th low. Less points, less volume. If its true on the downside it must be true on the up too? Slowing momo to the upside is what I see today. Monday is pivitol Bulls need 1.5-billion rally through 3850