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

To: art slott who wrote (4834)	10/7/2000 2:58:28 PM
From: J.T.	Respond to of 19219

art, I agree. I have stated before I think this market is going to take Gore down in the election if it grinds lower over the next few weeks and then have a good hard snapback in November and early December.... I would be cautious in the second half of December... October fund selling for tax considerations is not going to propel and sustain this market higher just yet... other than isolated guerrilla rallies which will be fleeting 1-2 day victories for Bulls short term. The fix is on... lol Bush for Pres, then he will have to overcome the Hoover guillotine hanging over his head for 4 years... Bush, if he wins, will have to deal with reality in 2001...slowing economic growth et al... Index technical analysis tomorrow. Best regards, J.T.

To: art slott who wrote (4834)	10/10/2000 5:05:53 PM
From: David Lee Smith	Respond to of 19219

That's what I wrongly thought last week. My indicator turned bullish and I thought we'd hit bottom. My indicator has since reversed and turned back bearish. It's not a contrarian indicator, its a trend follower coupled with a moving value target. It's more concerned with direction than anything else. The indicator won't turn, until the market actually does. All I can say is the current momentum is bearish. The downward momentum will have to slow or reverse before the market can turn.