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

To: $Mogul who wrote (18632)	10/9/2004 1:01:30 PM
From: Larry Livingston	Respond to of 19219

Mogul, I agree with you, that a Kerry victory will probably mean a retest of the August lows. Too much of a threat to corporate earnings as well as a threat of higher taxes is going hang over the market. Ultimately if congress retains a republican majority the impact may not be so bad. But the market will probably intially sell of, but I'm not so sure Kerry wins.

To: $Mogul who wrote (18632)	10/9/2004 4:59:47 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Let's put the exchange in perspective and not parse words: First: This whole exchange started on my "Stocks are a Screaming Buy and Ripe for the Pickin" comment back on August 28th. Message 20460103 Second: This comment was based on me going on record on CNBC TV and by email to Barron's on Tuesday, August 17th with the exact same message stating the lows are in and we are in the early stages of a significant upside advance in the broad market that will carry over into the Spring 2006. Message 20421955 Message 20458555 Here are the closing numbers: Tuesday August 17th: Friday October 8th: DOW 9,972.83 DOW 10,055.20 SPX 1,081.71 SPX 1,122.14 COMP 1,795.25 COMP 1,919.97 NDX 1,335.72 NDX 1,430.96 The market booked the lows on Thursday August 12th close: Here are CLOSING LOWS on the broad Indices on August 12th: DOW 9,814.59 SPX 1,063.23 COMP 1,752.49 NDX 1,304.43 Third: You stated on September 3rd (MITA 18,595): Message 20482030 "Mkt wil re-test the lows and most likely break down from there." This HAS NOT HAPPENED. Fourth: You disagreed with stocks are a screaming buy and asked me based on what in the same post: Message 20482030 Here is my answer as of the Week ended on October4th - 8th: 1)NYSE Selling Pressure is at 15 year lows. 2)Smallcap Index hit an all time high this week 3)Retail Index hit an all time high this week. 4)Cyclical Index hit an all time high this week. 5)Buying Power hit a 15 month high this week. This, in spite of the fact that crude oil hit an all time Price high this week. I could go on... Fifth: You never once specifically mentioned the "DOW" in your post on September 7th as your basis in measurement. Message 20482030 You then mention the DOW today (October 9th) as your measurement: Message 20621845 Fact is, the stock market as measured by the unweighted index in the S & P 500 component stocks is at an all time high as of this week. The weakness in the "weighted index" in the DOW and SPX are masking the true internal strength of the unweighted indices that are banging out all time highs. Sixth: The MACD cross-over registered a 50% MACD BUY SIGNAL buy-in for the DOW, SPX and QQQ effective with the October 1st close. This signal went out by email after market open on October 4th by Stock Traders Almanac thru assitance of Sy Harding reading. So, you would be in 50% Long if you used the MACD BUY Signal by the "official service" that sends out the signal. The market is now lower than the Buy Signal. ********************************************* Let me know when the MACD Cross gets you "officially Long". Best, JT