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

To: bobby beara who wrote (5424)	12/3/2000 2:50:50 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Charts are so ominous it makes you wonder that it might turn here, but who the hell knows. The last time charts were this bad it was contrarian. What are the rydex friday?

To: bobby beara who wrote (5424)	12/4/2000 1:15:50 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

bobby, that quote you extracted was in reference to the first closing day after GTW, ALTR et all pre-announced the evening before- futures were lock limit down and rarefied threads were calling for "THE BIG KAHUNA". You will know if/when BK hits and the market more than held its own on Thursday and ate into those losses on the NDX/COMP on Friday. My definition of BK would be DOW halted for 1/2 hour (DOW 1,200 point loss?), SPX down 70+ andCOMP/NDX down 10%+ in one day. That said, your point of this grind down from the highs over the last 7-8 months is well taken that the generals have all been knocked down from their lofty perch levels. Best Regards, J.T.