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


To: J.T. who wrote (5587)12/14/2000 12:07:39 PM
From: David Lee Smith  Read Replies (1) | Respond to of 19219
 
J.T.,

I also see a short-term rally coming, but I'm not playing it. I remain 100% in Pro Funds Ultra Bear (2X S&P). 11:00 AM CST. MomentuMonkey still NEUTRAL with negative bias. S&P 500 Index target 1327, -1,9% from 1351.91. Both Valuation and Momentum remain Neutral. I suppose that 1350 is a key level to break that would likely give a sell signal. We could have a brief rally today, but I expect the 1350 level to be trashed by Tomorrow.