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


To: J.T. who wrote (5596)12/14/2000 11:46:36 AM
From: Challo Jeregy  Read Replies (1) | Respond to of 19219
 
JT, I'll join the troops to cheer you up.<g>

I read you everyday. You are a one-man show and your updates are priceless. I was 1 day short of following your sell this time but got wise. When your Rydex updates match with cycle dates and timing models, such is uncanny. I believe a cycle low is in tomorrow. Whether it comes intra-day or at the close, I don't know.

I think people are saying one thing i am bearish but voting everyday just the opposite being bullish.

JT, you are bearish but playing bullish when you go long. So am I. I think all the traders are like that. Part of the thrill. Some are just better at timing than others. If I could only have timed every 25, 30, or 50 point move up in the S&P this year, and forget the rest of the days, I'd be doing great! <VBG> I cannot short in my acct.

I don't think the baby has been thrown out with the kitchen sink and bathwater yet... i think that comes within the next 3 months.

I don't know when it will come, but it will happen.

Take care, JT.



To: J.T. who wrote (5596)12/14/2000 3:22:25 PM
From: da_cheif™  Read Replies (3) | Respond to of 19219
 
jt..the majority of the top ten in TG are bearish...and historicly they as a group have always been wrong...also market vane only 32percent bulls....and if you look at the 50 ma of equity pc ratios they are into benchmark oversold teritory....obviously the recent low on the naz can be taken out as no impulse wave to the upside yet... 2300 still a projection that has not been negated....