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

To: marginmike who wrote (2978)	5/16/2000 10:58:00 PM
From: J.T.	Respond to of 19219

mike, Agreed the bottom is in as it has been noted. ...<To: J.T. who wrote (2755) From: J.T. Wednesday, May 10, 2000 3:21 PM ET Reply # of 2979 NDX intraday low objective achieved today at NDX 3,234. This from MITA on May 2nd: ...<Message #2755 from J.T. at May 2, 2000 2:38 PM ET mike, to get that good shake-out, I think we can hit an intraday low of NDX 3,390 which is lower than that NDX 3,505 double support but above that NDX 3,207 and then the ramp up>>... QCOM, DITC, JDSU, GMST, VSH are buys at these levels imho>.. ------------------------------------------------- ...<To: Copeland who wrote (2875) From: J.T. Wednesday, May 10, 2000 6:06 PM ET Reply # of 2979 Don't wait til AFTER the announcement. You are rewarded now for the uncertainty by going in now when everybody wants out. Wait for the dip tomorrow (assuming we get one), and as soon as it bounces - time to go LONG. Only the stocks with exceptional growth prospects for the next several quarters. I have mentioned a few of them. I am hoping Rydex Arktos (NDX 100 SHort) - gets above at least 180 million tonight. I would be ecstatic if it went above 200 million in the short fund. Au Contrare. Will report the number late tonight>... -------------------------------------------- I am just much more Bullish on the immediate short term after this brief pullback. I need to work on supports now, so we don't get a nasty elliott wave downdraft surprise. ggg If things work out right, I think DOW can hit new all time highs in JUNE while NDX and tech indexes continue to consolidate gains higher but no new highs... We shall see soon enough. Best Regards, J.T.