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

To: Hobie1Kenobe who wrote (3411)6/1/2000 6:10:00 PM
From: napoopoo1  Read Replies (1) | Respond to of 19219
 
Well J.T., The BKX above 850 is what you were looking for on the upside. With all of the indexes and indicators that you follow I am surprised you are sticking your neck out so far based on one report. We'll see in the morning. Best wishes, N1



To: Hobie1Kenobe who wrote (3411)6/2/2000 12:23:00 AM
From: J.T.  Respond to of 19219
 
JF3, short side going in is no doubt contrary play. I can see it in Rydex numbers people trying to get Long even at lower levels in fear of missing that impending leg up.

The masses could be severely disappointed if it is bad surprise.

I think this change in sentiment with talk of only one more quarter point rate hike in June and then we are done is dangerous presumption for market so tomorrow's robust numbers could set up for that letdown...

Best Regards, J.T.


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