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

To: J.T. who wrote (14782)	10/10/2002 4:50:41 PM
From: Killswitch	Respond to of 19219

Basically what I'm suggesting is that instead of a "double bottom" here similar to 74, the markets may trade in an intensity (length of bear times the percentage drop) more similar to what we saw in 32. This bear is already longer than 74, and if we are entering a consumer-led recession shortly it very easily could equal the length of 32 or even a bit longer. I take the failure of Naz and DJIA to hold "real" double bottoms as a potential marker of worse to come, and SPX also briefly broke below 775 this morning. The rally is driven by no news, or improvement in economic climate, and unless we do hear some kind of meaningfully positive economic news shortly I do expect these levels this morning to be taken out. I am sure that your bullish data will eventually give us an excellent rally, but it may come from significantly lower levels.

To: J.T. who wrote (14782)	10/10/2002 6:37:07 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Just to make it clear what I'm asking, I'm asking why you chose 74 particularly to base your call off of. We have already seen that this bear is longer than 74, and arguably more intense, especially if SPX cannot hold above 775, right? So why choose 74 as the template instead of 32? If the "double bottom" here fails on a closing basis do you switch to some other template, or ?

To: J.T. who wrote (14782)	10/11/2002 11:13:29 AM
From: yard_man	Respond to of 19219

Is this the primary 3 that turns our economy around and gets everyone back to work and spending again?? How bout companies' capital investment? what quarter does that pick up in?? Will we get some inflation out of it?