MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: da_cheif™ who wrote (4198)	8/23/2000 10:04:07 AM
From: bobby beara	Read Replies (1) of 19219

cheif, on spx, i got a five waver from the rising trendline off the october 99 lows, now we are resistance trendline off the top from march (also got a gap resistance off the 7/17 top), the fifth wave was a rising wedge finished off with a doji, a black candle today wud confirm an ST term reversal, sell the news. several of the tech stocks that are making new highs look like they are finishing up fivers from the april low. ya, .75 is rare, but it's screaming oversold, not .5

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