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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: SoSo who wrote (8189)7/23/2001 9:08:58 PM
From: J.T.  Read Replies (1) of 19219
 
Great Report. No one indicator is a panacea for picking market bottoms, but you can definitely stack the deck in your favor by buying stocks or going long funds as sentiment gets into oversold or Bullish conditions.

The trick is to position yourself fo the next counter-trend move not to try and time it to perfection. And for me this market is very near a bottom, if not at the bottom as of tonights close.

I will have better feel after I see what type of rydex capitulation took place in the long funds with tonights update.

Best Regards J.T.
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