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

To: J.T. who wrote (5295)	11/22/2000 5:22:25 PM
From: David Lee Smith	Read Replies (1) \| Respond to of 19219

The MomentuMonkey Indicator is now NEUTRAL for both momentum and valuation. The target price is 1292 for the S&P 500. This will not be reflected on my webpage due to computer difficulties until this weekend. Usually, a NEUTRAL rating in a downtrend suggests covering short positions and going to cash. It is too early to reverse and go long, except perhaps for an over-sold bounce. I am covering my Pro Funds Ultra Bear (2x S&P) and going to cash. The news today have put the markets in Limbo. Have a happy Thanksgiving!

To: J.T. who wrote (5295)	11/22/2000 6:27:35 PM
From: Geoff Altman	Read Replies (1) \| Respond to of 19219

JT, nice calls before they happen. Been reading your thread and have pasted a link to here on other threads for lurkers that want to learn. Have a file that I'd like to send you that you'll get a kick out of but back when I was having computer problems your email address got slicked with all the rest of my data so if you could PM me your email address again....... Bobby beara had a great post in explanation of contrarian thinking. In it he states, "the crowd is ALWAYS wrong at the turning points". What is the best indicator of when the turning points start, Put/Call? A little bit of trivia for all, the pilgrims didn't land at Plymouth Rock, they landed first around Province Town Cape Cod, and Thanks Giving wasn't a holiday until sometime in the mid 1800s! As always best wishes to you and yours Happy Thanks Giving to all on MITA. Geoff