MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (4696)	9/26/2000 5:03:51 PM
From: bobby beara	Read Replies (2) of 19219

jt, i don't think qcom is any kind of bull proxy, it has been a big laggard since december, - and in my view is in a countertrend rally that will be contained by overhead resistance - originally i thought it could go to the 200 dma, but i don't know now. remember we had 52 week low in ursa and vix at 9/1 top, that gives that the potential for being major top and we now could be on the verge of breaking down out of the trading range, at least for now the trend is down and they sellin the rallies. don't stay to long on the slope of hope, waiting for the next psychel low -g-

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