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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J. P. who wrote (10063)2/4/2002 1:37:23 PM
From: J. P.   of 19219
 
Breakdown?

stockcharts.com[m,a]daclyyay[db][pb50!b200][vc60][iUi14,3!Lh14,3]&pref=G

Classic miss to pierce the 200DMA and 50DMA. Earnings season is almost over and they reeked. VXN buried near the bottom. Everybody predicting recovery around the corner. Nobody guiding up except Hewlett Packard, which is trying to blow sunshine up everyone's b@tt about their purchase of soon to be anchor Compaq. I think the NDX may sink to 1400 on this leg down.
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