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

To: Kapusta Kid who wrote (5608)	12/15/2000 9:30:19 AM
From: macavity	Respond to of 19219

Keeping it simple. Most of the industry groups are below their (downward sloping) intermediate term averages. If you go long in this environment you have to play it very tight. Tech will continue downward until people 'lose the faith'. Too many believers out there still. I believe we are going to break the NDX Nov2000 lows, we may even get down to NDX2300 level. The second retest/break will (hopefully) show a nice bullish divergences in the daily and weekly charts. Until then I see no reason to go long as I cant jump in and out of trades intra-day. -macavity

To: Kapusta Kid who wrote (5608)	12/15/2000 12:34:02 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Pete, The Big Capitulation is still out there Friday/Monday combinations are bad what day is today? The last decline was pretty good to me, so I think I'll play solitaire until at least January. Things won't stay mixed for very long and then there'll be easy money to be made again. Long or short? I don't know. I hope you are not playing solitaire today you are probably cleaning up. SPX treading that SPX 1,300 level again now SPX 1,307 down over 30 and it is getting dicey in here. Best Regards, J.T.