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


To: marginmike who wrote (6892)2/28/2001 4:05:05 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
mike, let me be first to say I was wrong on todays call. It was one of my worst calls ever on Rydex update last night.

After an early morning rally, failure to hold these morning ralies as all indicies broke.

I have been fortunate to to avoid most of these landmines until this past week or so. Rydex I have avoided being long 90% of the time or more in 2,001 until this past week.

In 98 I did not follow Rydex numbers like I do now as it has helped me immensely.

Even you have changed back and forth several times short long and short again the past few weeks.

I have never believed in PEG analysis and the lofty levels on I-Nuts or Semi's... It is well documented on MITA. The hot air being deflated outta this bubble is more than I even anticipated in such a short time.

Rydex XAU and guerrila trading has served me well over the last several months until this past few days. Not many took notice.

Now I make an early long call and am getting quite the attention going long early and getting bloodied a bit wouldn't you say?

Best Regards, J.T.