MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Terry Whitman who wrote (15822)	1/18/2003 10:37:15 AM
From: Steve Lee	of 19219

I think the bounce will come tuesday then that will be it. No more nas 1400+ for ten yrs or more... Take that bearishness as a contrarian signal if u will, but better than judging it on selected articles or internet posters, have a look at $VXN, $VIX, put/call, stochs on the weekly and daily charts, index Bullish Percents, Investors Intelligence. These factors look at how invvestors en masse are actually using their money, rather than what an inrepresentative sample are saying. And these factors are all screaming massive complacency in the face of historically excessive high valuations.

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