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

To: bobby beara who wrote (5433)	12/4/2000 3:15:03 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

bobby, I am sorry that you are still missing my point in which you responded to- and took out of context - in which I was talking about an existential moment in the market at that point in time. From MITA 5397: ...<So in the face of death, the Bears come up short for the beloved BIG KAHUNA fantasy wish and now the Bulls get to throw a counter-punch>... ...<Tomorrow it is time for Bulls to dance>.... The Bulls did in fact throw the counterpunch as the NDX locked in a solid gain but well off the highs. SPX broke even after being up all day. A short dance for the SPX today it is dancing. :( Many were looking for some sort of bk - mini-crash meltdown in response to 3 earnings warnings GTW, ALTR and GAP the next day or by the end of last week. Bears were snuffed that the meltdown did not happen the way futures were indicating the night before and the way many Bears were getting their hopes up that the market was toast- it never materialied and hence, some were disappointed to say the least. They were "disenfranchised again" ie DOW 8,000 SPX below 1,000 etc etc.. That is all I was saying. Could it happen in the future? Does a Bear sh!t in the woods? Anything is possible. --------------------------------- You are/were talking both future and past tense both at the same time. Mine was at that moment in time. ...<JT, my point is that the BK won't be a one day or few week affair, too many people are looking for another 1987, a cathartic low and up up and away. and past tense: ...<the bk is the day after day eating up of leaders, as this market has done in the blue chips since 1998 and now the techs>... ...<JT, say what? -g- intc 73>33 msft 120>57 icge 200>6 yhoo 238>36 dell 59>18 isld 155>4 if that ain't the bk i don't know what is -g- and just now the rydex otc bullish to bearish money is starting to creep under 90% bullish. now where is that bottom that is gonna crush the bears>... ----------------------------------- I certainly agree with your premise that most all the generals have been taken out back and shot down from bloated perch levels... I never thought those levels were justified. And I think you and I are both in agreement that the new age economy - the new paradigm theory is a myth and falsehood. And I don't buy into PEG argument because it is only as good as future projected earnings continue to sustain itself and when that doesn't happen and downgrades occur it shoots holes in this argument worse than holes in swiss cheese. And you know it well that nobody talks about new economy anymore in finacial publications because this "new age" pantomime fairytale has been shot down in a short 7-8 months. It is not who is right or wrong in thread discussions but can we make money in both up and down markets. And I am all ears and look forward to your insights in how you or anyone makes money in the markets ups or downs. Best Regards, J.T.