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

To: marginmike who wrote (3368)	5/29/2000 11:32:00 PM
From: J.T.	Respond to of 19219

I think June will be a good rally month the question is will we hold teetering supports here and now for good or will we get hard break of these supports say in the first week of June and then hard reversal and rally into the end of the month. The Fed has accomplished its goal asset inflation is in check now its back to incremental fed tightening. 25 basis points more maximum and we are done. A small part of me questions whether the Fed will even raise in June. I think earnings are going to be a problem after July it is becoming more apparent now consumers are pulling back significacntly on spending... durable goods autos, housing etc the trickle down theory will manifest its head... I have said DOW can hit TOKEN new highs IF DOW 10,200 close holds right here and now over the next two weeks. One break of this and all bets are off for me for any DOW new highs ...No new highs for NDX NAZ etc... The carnage has permeated the spirit of nirvana new paradigm bulls... I am no paraDIMER... Best Regards, J.T.