MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (4208)	8/24/2000 11:53:19 AM
From: J.T.	Read Replies (2) of 19219

bobby, 5 day RSI on tech indices MSH and PSE a whopping double extreme overbought at MSH 92.23 and PSE 91.38. These indices are "only" at above extreme overbought levels: IIX at 88.29 NDX at 82.68. COMP at 83.68. SOX at 82.77. The pullback is imminent and will be very swift. A 2 to 3 day down affair. Then we will take a look at the RSI levels and go from there. DOW up 3 NDX up 18 SPX down 1 at the present moment... When it seems to easy to be in the market, IT PROBABLY IS. Best Regards, J.T.

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