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

To: David Lee Smith who wrote (7415)3/22/2001 3:38:37 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
David,

MITA was not going to play contrary indicator and "capitulate" at moment of death at worst possible time.

I simply had to redeploy Long Rydex funds where the new lead sled dogs were gona run ala tech...NDX from SPX where the selling is near an end.

Best Regards, J.T.



To: David Lee Smith who wrote (7415)3/22/2001 10:31:25 PM
From: LLCF  Respond to of 19219
 
<With the FED easing, this ain't gonna be a 1929. >

ROFLMAO!! Did you know the fed cut from 6% pre-crash [1929] to 1 1/2% in mid '31?? It is generally accepted that fed interest rate moves take about a year to do anything other than perception. Sorry.

DAK


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