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

To: bobby beara who wrote (14693)	10/1/2002 8:22:56 AM
From: High-Tech East	Read Replies (1) \| Respond to of 19219

<<the semantics maybe should be cleared up by the spx 200 dma, if it's headed up we are in a bull market, headed down we are in a bear market>> ... interesting comment, bobby ... I took a monthly SPX chart back to 1960 and added the 10 month moving average (20 trading days a month X 10 months = 200 days ... must be about the same thing ... ???) ... and WOW ... gradually up into late 1982, more steeply up through 1994 ... then almost straight up through August, 2000 .. and straight down to now ... ... it almost looks like SPX down to as low as 400 might be where we are headed ... if there is going to be any symmetry to it (not likely, right ... <g>) ... take a look yourself ... ... what is your analysis of a possible general U.S. equity rally for maybe the end of October into January? ... I am considering taking my profits in all my US Dollar Index and S&P500 puts (all but one are MARCH, 2003) before the end of October and buying low priced out-of-the-money JUNE or probably SEPTEMBER PUTS for both ... ... my biggest overall gains since July, 2000 have been trading long term S&P500 puts ... they have saved my ass to date ... Ken