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


To: J.T. who wrote (17075)5/6/2003 10:44:23 AM
From: Paul Shread  Read Replies (2) | Respond to of 19219
 
Why isn't the lagging Dow a concern for you? No leadership from the blue chips at all.



To: J.T. who wrote (17075)5/6/2003 1:01:22 PM
From: Alex MG  Read Replies (1) | Respond to of 19219
 
I didn't mean Naz 1500 was the exact line in the sand

I said if the markets break above the late Nov/early Dec highs, and not just a short head-fake break...

DOW and SPX still firmly below... QQQ spiked as high as $28.79 on Dec 2

Looks like too many were calling for a top at the same time, and it does appear to be a lack of sellers right now so they could push it up farther, but to make a statement like this ..."Hold on for the ride of your life in the early stages of the Grand Supercycle Bull..." is just plain GOOFY