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

To: J.T. who wrote (5586)	12/14/2000 9:23:33 AM
From: TA Trader	Read Replies (1) \| Respond to of 19219

J.T., Thanks for your comments. As I am new to this board, I thought I would explain my trading style. I am not a day trader but I do trade daily. While I am constantly long and short, my weakness has always been not shorting enough when it was called for. I trade using 15 min,60 min and daily charts utilizing 13 & 28 day MA crossovers. This insures that I am not in too long or short as long as I follow my guidelines. I use many short term oscillators with Stochastics my most reliable. I use TA as a means of measuring social psychology and this is my bible. I don't care what a company does, how well they are doing or who likes them or not. I follow a universe of about 60 stocks, all high beta, and I invest in those which meet the above criteria. I often stick my neck out like last night expecting a nice concession speech to take advantage of a better early trading environment. I also did it the night before expecting the Supreme Court announcement. Not the way I really want to do it but necessary in these unparalleled times. I appreciate the work you do with RYDEX as I have had an interest in following your approach but have never found the time. Thank you. and I hope to be able to contribute some information when I can.

To: J.T. who wrote (5586)	12/14/2000 9:54:19 AM
From: da_cheif™	Read Replies (2) \| Respond to of 19219

jt..the last 13 months look more like 1991....ugly....and sideways.....but TA shows the number of stocks making new 52 week highs on a weekly basis expanding dramatically and lows contracting. 487 stocks on the big board made new 52 week highs last week...the best number of the last year...thats just one of the positives.....and another big positive is the number of bears amongst the market timers....as far as breadth...the weekly ad line of the primary market continues in its up trend with pullbacks now minor.....the recent pullback with the dow 1000 points out of the oct hole. brought out screams of crash crash on the media from numberous gurus....theyve thrown everthing at this market but the kitchen sink and the pendulum is swinging the other way.....