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

To: da_cheif™ who wrote (4259)	8/30/2000 11:59:12 AM
From: J.T.	Respond to of 19219

cheif, good observation. SOX gotta fill that gap at 1,127 - 1,132. Whether it is today or not is the question. Bouncing off the Intraday low 1,110 and change. SPX can't even budge below 1,500 intraday as the low is 1,503.17. If they don't bust 1,500 today, SPX could take out new highs by the end of this week which is 1,527 and change I believe. The day is still young... More sell orders kicking in right now. Market is final arbiter... BestRegards, J.T.

To: da_cheif™ who wrote (4259)	8/30/2000 12:30:01 PM
From: Daveyk	Read Replies (1) \| Respond to of 19219

Are ya still bullish on NEM?XAU looking very ugly.Thinking of folding my hand.

To: da_cheif™ who wrote (4259)	8/30/2000 1:39:36 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 19219

D.Duhbya... That topping pattern at Monday's high targeted 1500spx for the next turn... Is that why you chose 1503.5? Favor's daily cycles have inverted here, generating sell signals. Those are comprised of 16,22,26,36 & 73 day cycles (both high & low). His weekly cycles are lining up cycle highs both last week and this week, which confirms to me if we can clear this week's highs next week, we're off to the races with an inversion. His weekly cycles consist of 11, 41, and a couple others that I don't have in front of me right now. U ever looked at his cycle work? I continue to give the upside the benefit of the doubt due to the diamond pattern upside breakouts that project much higher movement. Plus my favorite analyst is still pimpin tha long side. <g>