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

To: J.T. who wrote (5757)	12/22/2000 12:35:41 PM
From: Daveyk	Read Replies (1) \| Respond to of 19219

That 200dma is currently 19.49 I agree 25.5 is optimistic but that's what the formula argues for as a target over next few months.This is but a hedge for me position wise which I've added to in 13.25 area heavily and more at 15.75 after first two purchases at 18 and 17.A print of 15 would give me a sell signal from here FWIW.I use alot more than PnF these days as it alone offered too small a view.I would be surprised to see that gap fill as it is so early in what looks like a new trend.Time will tell.Course if anyone knew it all....ggg I appreciate your insights as I enjoy learning.BTW we had 50 below wind chills here last night and I'm an hour SW of you.It ain't fun!