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


To: bruceleroy1_- who wrote (10851)2/28/2002 12:45:01 PM
From: J.T.  Read Replies (5) | Respond to of 19219
 
Thats why we haven't commenced the all important primary epicenter wave 3 yet... it is dead ahead as soon as all dis noise and cacophony dissipates enronitis and scandal ad nauseaum....

Can u believe the DOW is now closer to itz all time highs than the recent September 21 bottom?

When will Bears reach the Point of Recognition their thesis is not well when the DOW hits new highs?

Look at the relationship where the DOW was the first time it crossed DOW 10,000 feb - march 1999 and where the SPX and COMP and NDX et al levels were at...

Tech will certainly play catch-up in this next leg up that will carry from now until the intraday highs in 2003... don't know if it is fur starters that will take the market higher all the way to 2008 or not but I do believe we will be SIGNIFICANTLY HIGHER across the board b/w now and 2003 pre-election year highs.

I have also left open the remote possiblility that b/w now and end of March we could experience severe turbulence with one final shake-out.

Best Regards, J.T.



To: bruceleroy1_- who wrote (10851)2/28/2002 1:50:42 PM
From: bruceleroy1_-  Respond to of 19219
 
The Sox is starting to get droopy. Nothing worse than droopy Sox. If it breaks nasdaq will probably go into capukilation phase as it has not broken down yet unlike all the other major nasdaq sectors.