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

To: Killswitch who wrote (12960)	6/24/2002 2:56:43 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

You and I are on the same page on the economic front and bronson if I am not mistaken is a prechter protege. Anyone feel free to correct me if I am wrong. The WLI hit a 35 month high (or whatever it is)and the jobless claims and edi suggest that the unemployment rate has peaked or is at the inflection point within a month of peaking and ready to turn back down. Once the public feels confident that their jobs are more secure and the re-hiring which has been going on the last few months finally is converted into a lower unemployment rate, the MARKET WILL MELT UP. Confidence will be restored. I see it coming like a speeding locomotive. The market overshot on the way up in the bubble and now is overshooting on the way down with all the alchemy. Best regards J.T.