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

To: Copeland who wrote (3049)	5/18/2000 12:39:00 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Copeland, Although option expiration may skew things little bit over next day or so, I would like to see that fear element manifest its head tomorrow and get em reeling in doubt about the market direction again. I think it is more of the same tomorrow, but now we need to look for pockets of strength. I want this BKX to probe below BKX 780 intraday and UTIL action will be of interest whether we turn back up tomorrow or test intraday UTIL 318. For me, tomorrow may be that day to go LONG at the close Rydex-wise and you may able to get the winners in a downdraft on the cheap one last time... QCOM, JDSU, VSH, DITC, GMST, ORCL, WFC, JPM, MER just to name a few. I will be on it closely need to keep that pulse of market to detect even the chance that something worse may not materialize. I look at the economic calendar for the remainder of the month I see International trade on Friday, Durable Goods and Chicago PMI next Friday - Consumer Confidence on the 30th, new home sales on 31st but the calendar now is light between now and end of month. I think this Interest rate fear fixation will after tomorrow or soon thereafter dissipate and we will be able to rock higher... But these next two days for me are little tricky and dangerous will fight thru it... Best Regards, J.T.

To: Copeland who wrote (3049)	5/18/2000 10:01:00 AM
From: Geoff Altman	Read Replies (1) \| Respond to of 19219

Copeland, I think that your estimates on the number of people lurking on this thread are way underestimated. One of the reasons that I went for an SI lifetime membership was because of the MITA thread. I Read and post on a wide range of non SI boards too and when ever there's a question put to me about the movement of the market at large I've directed the inquirer to this thread. I think we can all agree that JT does an excellent job but I also appreciate others on the board that post their views and individual arguments. It's what makes this thread a viable entity. Thanks to all Geoff