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

To: J.T. who wrote (9066)	10/19/2001 2:21:57 PM
From: James F. Hopkins	Respond to of 19219

They are not exciting but at least right now they are tending to hold up better. It's a sort of trade off for the time being. ---------- Still have some dry powder will wait until next week to make up my mind.. We have to hold above the Low on the last Pennant 30.26 QQQ on the 5th, break that and the rally will fail. I'm not one who says we will test the low of the 21st if we try for that it's bad news , bear markets don't reverse on a test..they go lower. 30.26 is my cut off point of the QQQ OR 1216 NDX below that and I go 100% cash, on the next bounce. ( and likely short again ) At least now we have filled the gaps. Jim PS I still have GTC buy on QQQ at 31.60,