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

To: Gamma Positive who wrote (10932)	3/2/2002 6:17:52 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

And why was I Bullish early and often? I saw the "noise" for what it was. The markets voted noise later than I did. Just like you stated I am pointing out facts it is a two way street SPX 1,080 bottom has held and BKX 774/780 has confirmed the exclamation point. Consider where the source was before SPX 1,080 came to pass: How many times do they have to ring the bell at the bottom for the last chance to board the train before it leaves central station? SPX 1,080 was tested 5 separate days with an intraday low of SPX 1,077.78 on Weds Feb 6th and the SPX 1,080.17 the low close on Thurs Feb 7th. MITA post 9883 started discussing SPX 1,080 on January 24th and four days before the first 1080 test in the context of the big picture macro-market perspective and how high we can propel this rocket into orbit from 2002 mid-term 4 year cycle lows to 2003 pre-elction year highs: ...<But I also know the market is a discounting mechanism and the downdraft will be quick and fleeting as it looks into year end and into 2003. It is this next forthcoming bottom in 2002 (which will be a higher bottom vs Sep 21) which will plant the seeds for a monster rally that will lead the DOW roughly 50% higher to the intraday high top in 2003. That is, 2002 intraday low DOW 9,000 will lead us to DOW 13,500 intraday highs in 2003. For COMP 2002 intraday lows COMP 1,700, we could see an 80% increase to the 2003 intraday high top or COMP 3,060. For SPX, 2002 intraday low 1,080, we could see a 40% + higher increase to 2003 intraday highs which will take us to SPX 1,520 + area>... MITA pounded the SPX 1080 message home 10 times and was never mentioned elsewhere until after the fact on January 31st elsewhere with the first test on January 30th: siliconinvestor.com ************ It is quite an experience to be buried alive on your own thread throw the dirt over the casket but I am born again and we get to trade another day. I have already been knocked down long before you came on board but thanks for the extra blows. May I have another? Best regards, J.T.