Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brister who wrote (3391)	6/1/2000 12:11:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Brister, That is why Rydex is one very useful tool for me. It suggests we are NOT done selling based on the low total assets in the short funds... I think tomorrow has the chance to cast out the ultimate hook for big fish KAHUNA with a big up day on Thursday... The masses get fully positioned long and then... KABOOM - Friday's employment report diasppoints badly... on Friday thru Monday and/or Tuesday intraday we sell-off hard... DOWN... That of course is one BEARISH scenario I have laid out. Then the rally starts from a lower low... You would be able to pick off blue chip names at unbelievable intraday lows say sometime on late Monday or intraday Tuesday. This scenario would imply no new highs for the DOW and SPX... same applies for NDX ala tech. If selling starts tomorrow because of NAPM or construction spending..., then I have played it wrong in Rydex... for tomorrow... An alternate BULLISH scenario is that we rally thru Monday and then pullback fo a day or two.. Then the summer rally ROCKS in June and maybe into early July. This scenario sets up for the new high in the DOW/SPX scenario but not NDX et al. Best Regards, J.T.