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

To: J.T. who wrote (11908)	4/30/2002 2:34:50 PM
From: marginmike	Respond to of 19219

this rally is very suspect, IBM depite its chearleading is up less then .50. Futures trading below FV all day, and RTH and Housing stocks going the wrong way. The action in the BTK is the only strong positive that this rally has legs. This is the last day of thequarter this type of move is almost like clockwork on the 30th,31st. If we fade or dont follow through by thursday this advance will be erased quiker then it materialized. Then again I am short and getting clobered so I am biased-g/ng-

To: J.T. who wrote (11908)	4/30/2002 2:48:32 PM
From: High Country Trader	Read Replies (1) \| Respond to of 19219

A winning trade where I break my discipline just re enforces poor trading habits on my part. I haven't liked the looks of the Nasdaq the past several hours (advances vs. declines) and especially the SOX. Of course, we could still close near the highs but even so, I will probably get out of tech and chalk this trade up to luck. I may just sell part of my tech or more likely rotate into a less techie sector of the market. Can't dateline because many of the Asian markets are closed tonight. Plus, I only dateline on out of the ordinary moves in the Nasdaq. I will move more into Japan as that's an entirely separate issue for me. If we close up but much weaker that could be a set up for more up tomorrow as I have seen those fake out moves before where they scare all of the bottom pickers from the day before out of the market on the close. And tomorrow is the beginning of the new month. I would like tech more if the Rydex Dynamic NDX timers hadn't been so complacent on the recent downmove. Lots of decisions as there are each day. Looking forward to the day when there are less decisions and I can handle my capital more as a retirement account.