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

To: J.T. who wrote (5345)	11/29/2000 11:17:25 AM
From: marginmike	Read Replies (2) \| Respond to of 19219

Bought 10K QQQ and Qcom on dip this AM. Let me know when you think this ST rally ends.

To: J.T. who wrote (5345)	11/29/2000 12:21:59 PM
From: David Lee Smith	Respond to of 19219

I just updated the MomentuMonkey Indicator. It has changed from SELL to NEUTRAL. Momentum has changed from NEGATIVE to POSITIVE. Valuation remains NEUTRAL. The target price for the S&P 500 is 1345 with is 0.1% from the current price of 1343.21 at this writing. Good luck with your longs J.T. I'm remaining in cash on the sidelines. This market is trendless and choppy. I expect that Bush will be announced Prez on Dec. 12, but everyone does. When everyone looks the same direction, I get nervous and look the other way. Thank you for your post. It made me cautious to check my model more closely before rushing into a leveraged short position. Best wishes, David.