MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: q_long who wrote (3164)	5/19/2000 2:11:00 PM
From: Joseph Stratmann	Read Replies (1) of 19219

Right now, looking at 15min bar charts of Nasdaq Composite I see the RSI on an upwards trend from approx 11am to now. Same for momentum. Stochastics just now going positive (not yet but close). I, as a newbie at this still, would read that as confirming indicators preceeding a move to be made by the Compx. Would someone care to correct me on this or do you agree? Im taking a step here actually putting publicly how i read this (hoping I dont sound like an idiot) <g> -Joe

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