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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8368)8/17/2001 3:34:07 PM
From: J.T.  Read Replies (1) of 19219
 
At session lows and moving into the range low end support zone on SPX 1145-1153 now at SPX 1156 down 25.50 SPX below double oversold 17.6 on 5 day RSI.

CBOE Equity Index Put Call Ratio remains high in capitulation record territory 1.08 with 1 hour to go.
Bears having a feast chowing down the Bull.

Rydex better show some capitulation measuring this MELT-DOWN with tonight's numbers. Otherwise carryover Monday morning for Bears before reversal can materialize.

Best Regards, J.T.
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