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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Teresa Lo who wrote (25484)9/16/1999 12:38:00 PM
From: Teresa Lo  Read Replies (1) of 99985
 
CBOE Internet Index - Technicals and Charts

CBOE Internet index is finding resistance at the 20-week moving average in the 471 area...and it's not unusual for head and shoulders patterns to have this little pop up from the neckline, only to find sellers there. The INX is at a critical point here.

intelligentspeculator.com

We pointed out the 20-day high on the Morning Market SnapShot a few days ago, where a failure would bring out sellers on the INX - A quick look at the intraday chart.

intelligentspeculator.com
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