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

To: robert b furman who wrote (5456)	12/5/2000 10:57:18 PM
From: Nemer	Read Replies (1) \| Respond to of 19219

Hi Bob --- was just up the road from you in Huntsville Wed through the weekend .... sorry I didn't have a chance to give you a call, tho ... Marilyn's mother did indeed pass away, as I'd told you I was worried about. We buried her outside of Livingston, near Moscow, in the family plot area ... must've been 15 or so Shotwells buried there .... Friday afternoon in the rain and we came back to NE Tx late Sat.... Don't think I'll be able to get to SPort this month but we'll plan on a meeting in Jan for sure .... hey, I'll even buy you lunch and take you to the track in the afternoon ...... you must bring dinero for your own bets there, however ...... hehehehe Nemer

To: robert b furman who wrote (5456)	12/5/2000 11:06:11 PM
From: J.T.	Respond to of 19219

bob, I am always 48 hours early. I have been double juked like this many a times and I am fortunate to get back on the rocket before launch. From rydex update last thurs after market close (seems like a month ago)MITA 5,397. : ...<Today we got CAPITULATION. VIX and TRIN confirmed it alongside new lows in the NAZ 843 and NYSE 234 for a net total over 1000 new lows. For the record, we had 49 new NAZ highs and 127 new NYSE highs. This is exactly what we were looking for in last nights rydex update. To put the NAZ new lows in perspective, on the October 8, 98's meltdown- we only had 336 new lows. More recently, on November 17th, we had 541 new lows. Now tomorrow we are going to get the bounce. If the bottom is truly in, we should look for New Highs to accelerate tomorrow to 200+ new highs in NYSE and 100+ new highs in NAZ. My key litmus test BKX also confirms the bottom is in. Look at the range BKX intraday high of 836.68 and intraday low of 800.92. We did not even come into the neighborhood of critical support BKX 780. More importantly, once BKX took out BKX 815 it allowed the SPX to assault and take out SPX 1,300 to hit an intraday low of SPX 1,294.90. This was the final meltdown. And with the snapback we closed smartly at SPX 1,314.95 and BKX 823.80. 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 verdict is in and a hard overhand right knocks the Bears to the canvas. Down goes frazier.. down goes frazier The dance is on. Float like a butterfly and sting like a bee.... NDX on its way to NDX 3,180 - NDX 3,250 level then sell into strength. Best Regards, J.T.