MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (6919)	3/1/2001 12:26:14 AM
From: J.T.	Read Replies (1) of 19219

bobby, If SPX 1,230 close holds the next two days confirmed with DOW holding DOW 10,320 close and BKX 860 close... Bears are deadmeat in this impending counter-assault going into next week. We are greater than 35% below the 200 day MA on COMP 3334... As Roque would say, this is greater than 4 standard deviations below the 200 day MA... A rarity... In the Bull run up especially 99 and 00, we would typically get just above 20% above the 200 day MA and then pull back... 20% below the COMP 200 day MA is COMP 2,667... We closed today at COMP 2,152; SPX 1,239.94; DOW 10,495; BKX 882. time to bring in the bull reserves for the counter-kamikaze assault... Best Regards, J.T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next