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

To: J.T. who wrote (7390)	3/22/2001 1:14:49 AM
From: Vitas	Read Replies (1) \| Respond to of 19219

arms over 1.50: from Gerald Hoopes "Loops" at the longwaves sidegroup: SWers. Treating a 10-day TRIN of 1.50 or bigger as a buy signal was not only questionable in 1981, it was disastrous. This indicator usually works, but when it doesn't you've had it. For catching the bottom of cyclical bear markets, it acts something like the Six by Ten TRIN. That is, it's a necessary but not sufficient condition for a bottom. The 81-82 period is one of those periods which I consider analogous to the 00-01 period, as measured from respective Loops sell signals. [The 73-74 period is an even better analogy so I focus on it more.] If I were a bull, the fact the current market has just flashed a buy signal by way of an indicator which failed only in 1981 would make me nervous. Instead of viewing 81 as an anomaly, I view it as a rather appropriate analog to the current situation. Gerald

To: J.T. who wrote (7390)	3/23/2001 11:08:30 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

This from MITA 7390: Q: every level you said was critical has broken, why would you go long? A: I am looking for a hard counter-trend bounce into the end of the month and NDX is going to lead the way. ******************* The levels that I was putting up was SPX, BKX and DOW. I did not put up NDX, COMP et al.. ***************** I followed up in MITA 7404: To:J.T. who wrote (7376) From: J.T. Thursday, Mar 22, 2001 9:54 AM View Replies (1) \| Respond to 7404 of 7436 ...<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>..... ******************************** We nailed the bottom in this counter-trend bounce on NDX going in at the low on NDX as SOX and NDX lead the way.. And the ones they hit late in the game SPX, DOW and BKX close lower. Now we see NDX and tech leading all the indices UP^^^^^^^^^^^ And in fact, Today will be the first Friday that all 4 indices DOW, SPX and NDX and COMP will close UP since Friday December 22nd...** Now MITA is as quiet as ever... They pound me when I'm wrong and disappear when I call it dead on... The way this is going today... Dynamic Series I could be back in black before at the close since inception in investing in rydex dynamic series if I decide to book profits.. Best Regards, J.T.