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

To: J.T. who wrote (5268)	11/19/2000 3:57:37 PM
From: David Lee Smith	Respond to of 19219

Absolutely right!. In this environment the MomentuMonkey indicator will have a difficult time being more bullish than Neutral, but last time I went long over a week ago, I did so when the model was Neutral on a bet that your indicators would work short term and the MomentuMonkey Neutral was almost a buy (2% cheaper than the Target Price; over 3% under the target price with positive Momentum would generate a buy signal. We had positive Momentum, 2% under price target and your signal was a contrarian buy.) Now, however, we are over 4% over the target price, momentum is NEGATIVE, and your indicators are inconclusive to bearish. I am still heavily invested in the Pro Funds Ultra Bear Funds (2x S&P Bearish). To see the latest update the MomentuMonkey Indicator click on the following link: www7.bcity.com