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


To: y2kate who wrote (4897)10/11/2000 10:50:01 AM
From: marginmike  Read Replies (3) | Respond to of 19219
 
y2 yOU ARE CORRECT THAT oCTOBER IS OFTEN A VERY profitable time. However we just had a blow off top in Jan-march on the Nazdaq from a 10 year bull market. It is not wise to buy and hold on the back end of a cycle. The Naz could plummet if things get really ugly, and the upside is limited till the next cycle begins.



To: y2kate who wrote (4897)10/11/2000 10:56:59 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Kate, affirmative.. But now with this point of recognition that all is not well or at least not the same you must pick your spots within this oct - mar period...

November should be a good snapback month into the first part of Dec for the broad market... the trick is to pick your spot in here in the Oct lows...

I have stated NDX 2,750 as my intraday low target... maybe the high end to NDX 3,550...

Best regards, J.T.