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

To: J.T. who wrote (15567)	12/13/2002 12:47:05 PM
From: yard_man	Respond to of 19219

check out natural gas

To: J.T. who wrote (15567)	12/13/2002 8:15:42 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 19219

Hi JT; They kept me busy on the boat most of the week, with low volume the Dollar Volume Index has been negative since the 10th..today too, however late in the day it slowed on it's fall and it looks like some shorts covered after hours. My few shorts closed on a limit order early in the day, all in all my longs suffered more than I gained on the shorts. With low volume I can't tell if we go back up from here or not. Looks like a crap shoot to me but I favor a gap up Monday, after that I might get a better read IF I'm not out again. ( The Fed is adding liquid and taht should work, for a rally from here ) If it don't we are in deep shit. Most market gurus are saying we are traped in a range. However I think we are getting close to a BIG move , while I'm not sure which way I favor a rally, at least my shorts are closed <G> The the Dollar Volume Index (since I cranked it back up) has signaled all the moves, however only very short term.. ( if we don't get a lot of bad news over the week end; ) we will gap up on the open Monday. Jim PS aginst the grain and a lot of advice my largest long position is GT..I like the dividend and with the CCs I sold she will have to dive a lot more to hurt me. I have the CCs spread out from 2003 to 2005.

To: J.T. who wrote (15567)	12/14/2002 2:19:36 AM
From: High-Tech East	Respond to of 19219

hi J.T. ... long day yesterday, so I went to bed early and now I am up for a few hours ... I have not been paying as close attention in recent months to the futures set-ups that I get through Larry Williams and Genesis ... so I just took a careful look. As of yesterday, the overall set-up for the S&Ps is looking very similar to four periods in the last two years when the SP almost immediately plunged. The others are 09/18/00, 06/08/01, 01/11/02 and 03/28/02. Public sentiment could be a little higher, and the commercials net short position could be a little stronger (however, the commercials have already gone from net short 16,452 contracts on 10/4/02 to net short 56,752 contracts on 12/13/02) ... and the ADX and stochastics are well 'pinched' and the ADX is now rolling over (all on weekly charts, which is all LW uses for establishing set-ups). If this bearish pattern gets at all stronger in the next two weeks (and maybe even if it just moves sideways), my guess is that early January will likely not be very friendly for the longs. Ken