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

To: da_cheif™ who wrote (7338)	3/19/2001 10:17:19 PM
From: robert b furman	Respond to of 19219

Hi Chief, As much as I don't want to agree with you,Today's trading of Intc supports your thought. The imperviousness of Nvls and Amat also smacks of "not there yet". In the past it was the "shock of these leaders getting down in the trenches of a sell off" that made a bottom a bottom. I have yet to see that level of shock(everyone likes to call it capitulation now). This little rally could well be a set up for wall street to put on a temper tantrum if the fed doesn't reward the crying with a .75 rate cut. I really have no clue what will happen - both are very viable and possible. Just watchin hopin for the best and willing to stab a lowball if lucky enough to see one in the works.hehehe Appreciate your historical perspective. On e MUST remember that October 7 & 8 were double bottoms that selected stocks endured after the overall market bottomed in the middle of sept. What did mark Oct 7/8 was a huge and equally fast vix spike to the 50-60 range.As this was evolving many stocks were heading up in price - it so happens many of the sox stocks were getting slapped in October as others were displaying leadership. Leadership is the NEEDED SIGNIFICANT INGREDIENT to make this a bottom versus a rally. It is integral in all bull market to have leadership.Rally's have stock price improvements Bull markets have leading sectors. JMHO Bob Sitting with itchy finger and some dry powder.GGGG

To: da_cheif™ who wrote (7338)	3/19/2001 10:29:32 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Chiefy so your saying I was right? Told ya INTC would see 30 before 75-g-. I think we will have a small rebound here and a retest of lows in april. Then we will rebuild through the end of the year. When stocks move up with such velocity in one day they stink of Bear market rallies(like today). I think seing the cover of US news and Newsweek are signaling we are damn close. We need one mor e bear trap to finnish sentiment off then I think we start to rebuild. I dont think the TA is as bad as people think, though I would like to see SPX closer to 1000 and DOW closer to 8000. I think Naz could see as low as 1720. I think th low will be printed by may 31st. Then we will rally and retest in OCT a higher low. I think Buying this OCT will be the right play. Meanwhille whats your wave stuff say about GOLD. I have nice profits and I am tempted to take them.

To: da_cheif™ who wrote (7338)	3/19/2001 10:30:19 PM
From: marginmike	Respond to of 19219

THE put call ratio today wasnt to fearfull either.

To: da_cheif™ who wrote (7338)	3/20/2001 11:23:11 AM
From: J.T.	Respond to of 19219

Looks like i am gona have to make a visit to CB ... lol Dynamic Series didn't come into existence until end of May 2,000... That skewed it once... In 98, they were fighting the tape on the way UP... Before the parabolic Blow-off to the Upside in 99 thru March 2,000. Hence the 3/1 ratio short over long. Also, In 98 Only 45% of the investing public was invested in the market... Now they are fighting the tape on the parabolic blow-off on this downdraft... And 55% of the public is invested in the market NOW in 2000- 2001... the last 10% increase being the late comers who have no clue on betting the short side of the market... I could create a laundry list of more reasons... but it still remains to be seen... Once I see this countert-trend bounce to SPX 1,208 - SPX 1,228 level, I will have a better idea sentiment wise following rydex and a host of other indicators if this theory is valid or not.... The more Bearish the sentiment remains as the market rises.... the more Bullish it is the rally will have further to advance... Best Regards, J.T.