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

To: nsumir81 who wrote (10503)	2/16/2002 12:43:55 AM
From: JBH	Respond to of 19219

nsumir........ "it needs and has fundamentals"....you are correct! In order for upside TA to work the fundamentals have to be INTACT. One way to gauge if the FA is truly intact would be to base it on the TA. Sometimes the TA / PATTERN goes away until the FA can come back into play as the underlying driver, whereas the TA and supply and demand dynamics OR t-lines will show as these, specific areas of supply and demand dynamics come into question (either upside OR downside) with the investing community. TA can show EARLY whether or not a stocks FA is still intact OR breaking down. Of course, the same can be said for the GM's. The chart is a/our gauge in this order. As far as I am concerned, my freind and guru DougR has pegged the TA fluctuations dynamics better than anyone I know within this investing community. The GM's are in the process of testing our lower support areas. No question about it. The real key right here and over the longer term here will be to, eventually, find where the investing public will find the bargains, the real deals who have survived the wash out, and come into play as perceived bargain buys. Soon, IMHO, we will see which stocks will make the cut ( TA will show us early/ and already is ;) The list is already being created. Sit tight. The major short end positions will eventually have to start working their way out of this market, slowly but surely, over time, it will happen IMO and the signs will become clear. WE are fortunate to have access to one/some of the most informative areas of the internet for that specific type of information. The bottom line...yes... it will show in the TA patterns in the charts which stocks will be our leaders into the future, as the final washout takes place, these stocks hold their strength and show the bullish signs. The trick will be which stocks will be the keepers,,,based on fundamentals AND showing in the trading PATTERNS/ within their own, specific charts. Sensitivity to volume accumulation and at specific ut support lines will show which stocks will lead. Like I say...the list is being created as we speak. Fundamentals first with TA confirmation EARLY. Piece of cake! Time will play us out If the American/Global community pushes us below the 9/21 - 9/28 lows aberation. We are in deep **** We wait, we watch SPX & NDX will be our best gauge and t-line / Supply and dynamic related. Most reliable lines of support and resistance IMO We still have yet to hit our GM ut lower end and pick up support for confirmation of bullish longerterm continuation. TA,will, in fact, show us before the fundamentals will, OR TA and FA will meet at a specific area of support or resistance TA normally will show BEFORE the FA will... Here is what my freind and respected TA guru says about TA.... What is TA? A record of trading history A statistical tool A language An indication of future movement The attitude in the technical profile reflects the attitude of investors AND company management. #1 !!! TRENDLINES: The BASIS of supply and demand dynamics. The NDX has not broken/cracked its longerterm lower end ut-line...yet... and do not let them fool you into thinking it is totally over for the bulls.... We just need a little more time Let it eat JBH