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 (1349)	11/17/1999 6:16:00 PM
From: pater tenebrarum	Read Replies (2) of 19219

J.T., i get the feeling in view of the tick (mostly negative) and trin (extremely low) readings during this rally that it was used for distribution in a major way. Franco on the MDA thread also pointed this out, and the major reversal in the XBD today may well be a danger sign too. note that the Rydex ratios sit at or near all time lows: decisionpoint.com decisionpoint.com the trin is out of this world: decisionpoint.com last but not least, a negative McOsi divergence: decisionpoint.com need i mention that a 1,6 billion share day on the Nasdaq that ends in the red is not particularly bullish either? nor are comments by analysts that they "can't see what could bring this market down with sentiment so red-hot" regards, hb

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