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


To: High-Tech East who wrote (12926)6/21/2002 2:38:29 AM
From: justwhatuwant  Respond to of 19219
 
June 20 Data (as compared against June 19 data):

Rydex assets for today show bulls lightening slightly. Interestingly, the bears are doing the same. MM reaching 1.803B. PrecMetals at 72 (up 17%). We look to be at an apex ... nobody is moving (except those gold bugs and soccer players).



To: High-Tech East who wrote (12926)6/23/2002 2:31:29 AM
From: J.T.  Read Replies (3) | Respond to of 19219
 
The market is in total disconnect with what is going on in the economy right now. It is the exact opposite of what happened before the upside parabolic blowoff in the first quarter of 2000.

There are a host of economic indicators that suggest we are beyond the inflection point and this reversal and melt-up is going to be so forceful it will leave no bear stone unturned.

In the meantime, the market has to cope with the overhanging fear between now thru July 4th that the terrorist thugs and those that live by the code of death might try to disrupt the freedom America represents.

Best Regards, J.T.