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

To: marginmike who wrote (18747)	11/29/2004 7:33:57 PM
From: adad69	Read Replies (1) \| Respond to of 19219

I believe its the other side of the "ledger" Short interest is good and the other indicators are fluff. This market has a lot of power and once the sellers get through with their year end picking their ass, I think it is off to races big time.

To: marginmike who wrote (18747)	11/30/2004 2:13:39 AM
From: J.T.	Respond to of 19219

One thing I am prepared to do is fade my Big Picture call at a moments notice. Did you notice the 10 Year Bond yield's and Junk today? My Boss is saying something... Also, you got a chart of the EW 50% Retrace Count? Based on the Laws of Supply and Demand, Buying Power and Selling Pressure, there is little chance we retrace 50% from the top over the next year. Elliott Wave is like Data Mining. You can use any Fibo retrace to justify why the market did this or that... EW - voodoo chart-nomics. No? Please educate me where I am wrong.