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

To: J.T. who wrote (7376)	3/21/2001 3:44:11 PM
From: J.T.	Respond to of 19219

COMP is holding COMP 1,800 and NDX is holding near NDX 1,600 support. Some of the leaders are exhibiting strength in last few days... ala QCOM and SUNW and to lesser extent JNPR and DELL... These are the support levels mentioned by Gene Peroni at Nuveen a few weeks ago who follows money flow and a market maven I respect. BKX is falling out of bed... BKX 780 is last death row now at BKX 787. DOW has broken both my critical DOW 9690 close support and DOW 9625 intraday low... Jerry Favors famed DOW Gann Yearly Statistical Analysis has turned down for the first time since 1982... fwiw. The DOW has now penetrated the previous years intraday low. He considers the great Bull Market to be over even though he anticipates a rally from deep oversold conditions... Best Regards, J.T.

To: J.T. who wrote (7376)	3/21/2001 10:33:35 PM
From: marginmike	Read Replies (3) \| Respond to of 19219

every level you said was critical has broken, why would you go long?

To: J.T. who wrote (7376)	3/22/2001 9:54:47 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Technology lead this market on the way down and yesterday when they hit the last ones DOW and SPX and BKX you know we are late in the game and ready for respite and smart bounce. Tech will lead it back up for a live cat bounce for a week or so and hence the switch from Rydex SPX Long to NDX Long. Notice SPX/DOW proxy BKX is below death BKX 780 at BKX 774 down 1.9% and reason why dow and spx is down...All the while NDX proxy SOX is up big up 30+ to SOX 588 up 5.46% and NDX up 24 up 1.5% to NDX 1629 Bifurcation at its finest... Best Regards, J.T.