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

To: Chisy who wrote (6035)	1/12/2001 2:30:14 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Chisy, D.W. makes a compelling case. He is my fav Bull... Very good at seing the big pic forest. Just those damn trees that got in his way since Sept... Whipsaw city for rocketman... Heck even the Bears like this guy but they won't tell him. If he only knew. Best Regards, J.T.

To: Chisy who wrote (6035)	1/12/2001 4:57:38 AM
From: macavity	Read Replies (2) \| Respond to of 19219

This is a great article. I am a tech bear (long-term) c.6 -12 mths. Technically I can find nothing to fault in it. He is dead right he has to be proved wrong, else we have a 3 wave correction in the large bull run. Last year another EW commentator I used know told me NDX 4800 would be the top of his 3 wave, NDX was below 4000 at the time and I laughed. I know enough to make a fool of myself in EWT, but if NDX 4800 was the third of the third (as he put it) then God help us, and what the hell is Greenspan going to do if we hit it again? My long-term view is not technical at all but based upon sentiment. If that was not a bubble then what the hell is (speaking solely of tech here) - everyone wanted in. Hell I built a website for carsharing and someone wanted to know when I was having my IPO (I built it just to see how easy it would be). That is my definition of a bubble, when its the only game in town and everyone wants to play. That is why I do not believe in NDX4800/NAZ5000, though technically it is absolutely possible. I am not sure of the level but I think 2 monthly closes above ~NDX3400 would indicate a return to NDX4800 and beyond. Short-term: Bearish. 5 Day RSIs are all o/bought we are at resistances. Intermediate-term: Bullish - As soon as NDX breaks 2550 with SOX >690 and follow through in other sectors.{XCI; DDX}. Also BTK has to hit bottom at BTK=455/445. IMHO Long-Term: Bearish. Hunch no TA, negated if NDX>3400 - macavity. p.s. I know it is poor form but here is the website: carshares.com If anyone knows any Not-For-Profit organisation (students, hippies etc.) that would like to have it PM me. So far I have not been able to give it away. LOL