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

To: J.T. who wrote (18882)12/16/2005 9:06:27 AM
From: marginmike  Read Replies (1) | Respond to of 19219
 
Jt I see the possibility of a push to 1280-1300. However P/C ratios/ COT/ Rydex and sentiment overall(Nyse buying interest) are all now decidly in the bear camp. The primary 3 is coming but we need a 2 off the 1 up from 2002 low in big time frames. My guess is 2006 is a pretty bad year



To: J.T. who wrote (18882)12/16/2005 9:23:26 AM
From: marginmike  Read Replies (1) | Respond to of 19219
 
I rode the spx from 1114-116 to 126-127

I am now taking a stab short. If I am wrong I will know very quickly, and get long again..this happened to me at 1246 when I was short for 1/2 a day covered and went back long. In my view this should be a top in for now...but my opinion could change very fast


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