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

To: SGJ who wrote (19043)	3/9/2006 11:48:53 AM
From: J.T.	Respond to of 19219

We should rally nicely this afternoon. Europe, with DAX lead sled dog, closed up nicely today. 10 - 2 Year Bond Yields are back to positve slope - So bonds are stabilizing. Oil Stocks XOI and OSX have come off the lows. OSX has turned green. SOX and IIX should lead Nasdaq. But GOOG must stabilize and reverse back green. What does this mean? We rally into the afternoon smartly. Let's see what Mr. Market wants to do This is all getting set for Employment Report tomorrow. Could be a one day delayed rally effect on the freeze play going into Friday. Just my 2 cents. Cheers, JT

To: SGJ who wrote (19043)	3/9/2006 1:25:48 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Today's down action is much better from a Bullish vantage point going into Friday, but more importantly, if we go lower, early next week's intraday low bottom. Bears will continue to gain growing conviction, get more Bearish, put their money where their mouth is, and GET SHORT. I am seeing it in Rydex money flows, and more importantly the lack of demand side Buying Power. The next leg up can only come from lower levels from which BUYING POWER will emerge and take control. One day early again... my bad. But, better than being one or two days TOO LATE.