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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (4600)9/20/2000 2:04:56 PM
From: bobby beara  Read Replies (1) of 19219
 
jt, i though u were doing yesterdays #s?

remember we in da scary months, draw a trendline off the spx october lows closing prices, u got a left shoulder on jan 1, a head in march 24, and a triple headed right shoulder, all those peaks had extreme bullish readings above the july 98 top in rydex,

we are sitting on the neckline of this upwardly angled H&S pattern, i think some caution is warranted, we may get to see our annual big vix, front page headline getting, put buying frenzy october bottom -g-

one thing i was watching was that qcom did the very same thing at the march top, it made a false breakout north out of a big triangle,

beara wonders is this is deju vu all over again -gg-
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