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

To: Casaubon who wrote (5856)	1/2/2001 11:21:24 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

yes, i think the dju and bonds are du for a pullback, this is the first i've posted on bonds since january, when everybody was bearish on bonds and i was bullish for a bottom on bonds, and i posted it on this thread, along with heinz. now i think the bonds are discounting big time a slowdown and we still have very low unemployment and high energy costs, rsi is very oversold on bond yields and we made a diverging low today, if i'm right we should see a money shift out of defense and into tech here, i think i got five waves down completed from nas 3000 at today's lows. there is still a lot of tech excess that needs to be wrung out, that bothers me, too many jnpr's and hgsi's that haven't been crushed yet. b