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

To: t2 who wrote (11565)	4/11/2002 12:47:10 AM
From: J.T.	Respond to of 19219

You bring up some excellent points. I totally agree with you that the market is set to run hard with tech now leading the way. It was quite interesting today to see dichotomous trading in tech.. UP: MSFT, INTC, CSCO, DELL, BRCM DOWN: SUNW, ORCL, SEBL, WCOM, NVDA This action reminds me of the churning going on in March 2000 before the melt down in April... Today, while I don't expect a melt-up in tech is imminent just yet, I think we are in for a smart rally dead ahead. The accumulation boyz were at it early today and this buying will continue and also trickle down into todays tech losers as well going forward. AAII jumps around like a mexican jumping bean. I wouldn't place as much stock in this indicator as I would investors intelligence, market vane, or top ten timers digest as good contrarian sentiment indicators. Best Regards, J.T.