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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: StockJock-e who wrote (5658)12/20/2000 1:45:49 AM
From: J.T.  Read Replies (1) of 19219
 
StockJock-e,

Thanks for your observation. The COMP and NDX are now at double oversold levels right now but the DOW and SPX still have further downside potential before moving into oversold territory.

Also, BKX has just made its last stand at intraday highs today at BKX 892ish. BKX is TOAST now and this will add further downside pressure to SPX and DOW on deck.

Best Regards, J.T.
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