MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (2747)	5/2/2000 1:55:00 PM
From: J.T.	Read Replies (2) of 19219

mike, you can have one close above BKX 780 just like we had one close above BKX 815 that proved to be false. The second close above 780 confirms it is not a false bounce. Very heavy market action. Here is what seals the contrary indicator: Yesterday, Rydex Arktos (NDX 100 short) totatl assets plummeted to 88.3 million from 153.5 million only 3 trading days earlier on April 26th close. SPX 500 Long (NOVA) now has a 2 to 1 ratio to short 500 URSA. (676 million to 321 million). Au Contare??? Get to cash or go short. Best Regards, J.T.

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