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

To: SecularBull who wrote (7930)	5/30/2001 12:24:23 PM
From: J.T.	Respond to of 19219

The micro-answer to your question is YES. For position trading, it is possible to see the SPX get as low as SPX 1,233 intraday low into tomorrow - if it gets that low. But the macro-answer is NO. If you break these individual sectors down, they did not confirm the spike in TEMPEST total assets. That is, SPX Long NOVA should have closed below 400 mil yesterday. It did not and this is near term Bearish. SPX Short URSA should move up above 225 mil, at a minimum. The fact that it did not is near term Bearish. Hence, the "lagging regular series" hangs Bullish and for sentiment purposes- this is BEARISH. Cycle boyz got it right and I got it wrong. Looks like the cycle low is today or tomorrow... So now I have to wait out my long position in SPX TITAN. I am in the middle of a whipsaw... <ng> Best Regards, J.T.