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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Steve Lee who wrote (10752)2/25/2002 3:20:03 PM
From: Killswitch   of 19219
 
Steve if the DJIA were to close at 10130 or above, it is going to break above two trendlines, and above the 200 day MA. The SPX is going to close well above the 1100-05 resistance, and also break a downtrend line. The NDX may be forming a long term inverse head and shoulders bottom. Not to mention that all that short Rydex sentiment still has plenty of ways to go before it unwinds to a more neutral level. I hope you set a stop...
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