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

To: James F. Hopkins who wrote (8785)	10/4/2001 12:43:56 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

I am in agreement with you the direction of the market is UP over the short term. In the immediate term, I am expecting a pullback tomorrow as Friday's have gone counter to the weekly and general market trend for some time. NDX is above overbought and if we close near session highs will become double overbought. Doesn't mean we can't go higher, but I am just trying to atone for my own shortcomings of not keeping a close eye on the market in June and July et al. I will scalp em when I can and get my Rydex accounts turned back around to the positive. Best Regards, J.T.

To: James F. Hopkins who wrote (8785)	10/4/2001 3:30:21 PM
From: byhiselo	Read Replies (1) \| Respond to of 19219

i agree, gaps always give me pause and the fact that we haven't had any so far certainly helps the 'stealth' bull case like you, i'm looking at 2-3 days of gap ups to signal some sort of top and exit longs cheers