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 (7033)	3/6/2001 4:28:41 PM
From: macavity	Read Replies (1) of 19219

J.T. Good call on the turn. Close has put a bit of a downer on this day, but I feel that the short-term bottom may be marked. Good breadth and 3 star pattern. Not as optimistic as you (due to bad juju in weekly charts). I am still shorting o/bought tech with tight stops for now. (INTU and some biotechs). I reckon there is still mileage in this play. War still to be fought. SOX 5Day RSI is about 70% and BTK seems to be flagging with stocks rolling over from o/sold. Hope everyone did o.k. - macavity

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