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


To: J.T. who wrote (17166)5/21/2003 1:22:43 AM
From: High-Tech East  Read Replies (1) | Respond to of 19219
 
<<Truth be told, this next leg up will inflict heavy damage if you are short. And if you do, keep stops real tight>>

........ ahhhhhhh, my friend ... what is truth? ... and what is reality? ...

... I am flat right now in futures ... except I bought in-the-money puts on the SP and DX for December, and Gold calls for October today ...

... for TA bulls, the reality of fundamentals are going to crush technical analysis before September, and the Penn State - Wisconsin game ...

... I like my T-bones about 1 1/2" thick ... you can find a butchery locally for that weekend ... personally, I prefer them from the Penn State butchery just across from the Joe Paterno statue, across from the east side of Beaver stadium ...

... I'll cook the steaks ...

Ken



To: J.T. who wrote (17166)5/21/2003 6:45:30 AM
From: Steve Lee  Read Replies (1) | Respond to of 19219
 
Bearish conviction?

Investors Intelligence results today show bears at an 11 year low. I know you think there are problems with II, and in the respect that it shows what people are saying rather than what they are doing that is justified.

But the survey has been good at picking turning points when either % bears is greater than % bulls, or when % bulls goes above 50.