MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Matthew L. Jones who wrote (4167)	8/22/2000 6:14:42 AM
From: macavity	Read Replies (1) of 19219

Matthew, I replied to you as yours was the last post I read before I wrote things down. To put my bear cap on (again). I would agree we are possibly at a top (but not due to VIX) NDX is at resistance formed from the Mar00 and Jul00 highs. 5Day RSI is overbought. MACD has turned up but is effectively neutral. Long-term Stochastics are approaching overbought levels as well. stockcharts.com[W,A]DACLYYMY[PC10!C21!C42!H.02,.20!C200][VC60][IUC20!LE12,26,9!LB5!LH63,10!LL14] I think we come off on FOMC, but I do not know how far. NDX still looks like one big triangle with support around 3500. Possibly more of this sideways market. - macavity

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