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

To: J.T. who wrote (5262)	11/14/2000 11:47:44 PM
From: David Lee Smith	Read Replies (1) \| Respond to of 19219

J.T. the MomentuMonkey model is a derivative a model that was successfully used by RepublicBank Dallas and back tested by the University of Texas. It was a valuation indicator. Well, you know what the last five years has done to valuation. I added a momentum component, along with a U.S. dollar component and a money flow component. It is subjective in the way it is interpreted, just as your market funds indicators are subject to interpretation. But I confess its not good at market bottoms and you are right, a choopy market makes it swing. Again, that's why I add commentary. As far as the Florida ballots, well I'm not convinced this election is over. I agree with one of your earlier posts about guilla rallies in a downtrend. It is unlikely that my model will go positive in that environment, but it will go negative when it reverses. I believe today's rally was option related to drive out the weak put holders. I stand firm that the market will end the week lower than it started the week. But it may rally tommorrow and Thursday, then fall big on Friday.