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 started this subject	4/13/2001 12:40:35 AM
From: macavity	Read Replies (1) of 19219

Point to note. It is amazing the amount of tech indices that are already at o/bought levels (21D stochastic) from this rise. I try to only buy stocks that are o/sold, and definitely if the weekly trend is still bearish. With resistance so near, next week should be interesting. Looking at price and volume charts, I feel that the recent lows had all the hallmarks of a bottom. Nevertheless the easier trade is to sell the stocks as soon as they turn down from o/sold rather than trying to call the rise. David? - what does your model say about the recent rise in T-Bond yeilds? The rally in yields is quite exceptional. Bonds have been trashed over the past week (even fortnight). The 30Y yield and the NAZ move in a strange dance together, with the 30Y leading. God only knows what will happen if the 30Y yield goes any higher, with all this cash lying around. stockcharts.com[m,a]waclyymy[pb50!b200][vc60][iUb14!La12,26,9] stockcharts.com[m,a]waclyymy[pb50!b200][vc60][iUb14!La12,26,9] I will try and write more over the w/end. Good holiday all. - macavity

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