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

To: J.T. who wrote (7072)	3/7/2001 2:07:41 PM
From: macavity	Read Replies (2) \| Respond to of 19219

J.T. 1 - 2 day view markets could go anywhere 2 - 10 day view bullish QQQ and tech. 10+ if this week is ok then bullish tech. I am waiting for my 21D SlowStochastic to turn up (from 20%) in QQQ/NDX. It may have already, but I cant run my models and look at the market (not enough RAM). I am bullish but I am not jumping against the weekly trend, which is down and strong, until my stochastics turn up. SPX/OEX - Do not like this until 1275/660 is breached for now I am playing NDX/QQQ. Do not trust BKX and XBD Bearish Points. Weekly trend. No capitulation. Bullish Points. McClellan (Naz) - will probably cross up through zero today/tomorrow. Ameritrade - down 2 days in a row. SOX and XCI have +ve stochastic crosses. Bad News has gone. J.T. I am bullish but if this counter-trend rally is going to be worth anything then I am prepared to wait a day or two. Currently short INTU (with a stop a point away)- that's it. Looking to short GENZ if it gets to 94, and will pick at Drugs. Else will buy tech QQQ/SMH on a retest lower QQQ=47; SMH=47 region, or if it goes higher. - macavity