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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Square_Dealings who wrote (5896)1/3/2001 7:03:52 PM
From: bobby beara  Read Replies (1) of 19219
 
check out the citibank chart, broke out of a big bull flag today, i think we should see the nyse break out of it's flag also, this could be a right shoulder rally

this is a real neat index that was brought to our attention by arthur on stockcharts

stockcharts.com[L,A]WACLYYMY[DF][PB50!B200!A735!A835][VC60][IUB14!LA12,26,9]

institutional favorites, you can see we have a couple of weekly hammers goin below support and have maybe just completed a head and now could be putting in a right shoulder that could take many months to complete.

also u got bullish falling wedges at the bottom of long declines on many tech-a-roni's like dell, amd, intc, yahoo, yadda yadda dot com -g-
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