MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: set who wrote (563)	8/10/1999 5:40:00 PM
From: bobby beara	Read Replies (1) of 19219

Shahar, I believe the triangle was 4 down from the top and we are now finishing up wave 5 and the 50 day band should provide support here, the pattern would be complete for me if we made one more test or slight breach of the band. It's amazing how close this is following last year, if the pattern plays out we should make an ABC right shoulder rally from these levels, with the oscillator trying to go back above zero, a failed rally then a retest of these lows - bK or not to BK -g- I sold 2/3rds of my uspix today, just in case this thing doesn't follow my script, don't want to be a pig. spx 9 day rsi at 20 and oscillator -220 something (don't remember exact figure), getting really oversold. Time for short covering. bb

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