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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: pater tenebrarum who wrote (434)8/6/1999 5:42:00 PM
From: bobby beara  Read Replies (4) of 19219
 
Heinz, this thread is at the top of the hot list and the market is about as oversold as last october on several measures.

A 9 day RSI of 25, mcCllellan oscillator near -200 and this amount of bearishness usually is a characteristic of bottoms.

that being said, i wouldn't bet too much either way.

bb
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