MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (288)	8/4/1999 11:48:00 PM
From: J.T.	Read Replies (4) of 19219

WHAT REALLY AILS THIS MARKET? BAD BREADTH The Advance/Decline Line is not only below its March 1999 low, but more importantly has crossed below the October 1998 low and is fast approaching it's May 1997 levels: WHEN THE DOW WAS AT 7000. decisionpoint.com GEE, WHAT A COINCIDENCE. 34% lower than today's close of 10,675 and reasonably in line with Big Al's Stock/Bond Model of 40% overvaluation. Greenspan pulled the wool over my eyes and everyone else's eyes with his oxymoron "neutral stance" on June 30th. This only delayed the inevitable. The roadrunning bulls are now over the cliff and looking down standing on thin air and a whole mass of GRAVITY. Best, J.T.

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