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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 (15749)	1/7/2003 12:10:55 AM
From: bobby beara	Read Replies (2) \| Respond to of 19219

I may be wrong, but I think the keys to watch right now are the dollar and gold.<<< Yes, these are high on the plate of the financial news, however these guys are oversold and overbought, and trees don't grow in the sky. the bear market had huge momentum into the july bottom, had waining momentum into the october bottom, and had even more weakening momentum into the lows of 12/31, and you saw jt's #'s on rydex, which where showing more bear assets than at the october low, now rydex can be wrong at times, but these are some fairly extreme readings, and it's no surprise that they have canned the bears here, just like they did off the october bottom. i think if you've made a lot of money on bearish bets in the last year, you better rein in your greed -g-