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 (6923)	3/1/2001 8:22:50 AM
From: macavity	Read Replies (2) of 19219

J.T. This is the inverse of the Y2K meltup. The catch is Roque statement was true during Dec. I would stand in the way of neither. Gun to head I would join the trend, but only intra-day. One day at a time. Looking at the charts I am not getting any less bearish. OEX failure looks like the MegaCaps are just getting smashed. If SPX fails around here next stop has 3 figures. In the semis volume increased on yesterdays down move. SMH broke its supports a while back and SOX will follow. The only thing that did ok was DRG and some BioTech. And the A-Merry-Traders are still snapping up these juicy bargains. Good luck all. -macavity

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