MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James F. Hopkins who wrote (8785)	10/4/2001 12:43:56 PM
From: J.T.	Read Replies (1) of 19219

I am in agreement with you the direction of the market is UP over the short term. In the immediate term, I am expecting a pullback tomorrow as Friday's have gone counter to the weekly and general market trend for some time. NDX is above overbought and if we close near session highs will become double overbought. Doesn't mean we can't go higher, but I am just trying to atone for my own shortcomings of not keeping a close eye on the market in June and July et al. I will scalp em when I can and get my Rydex accounts turned back around to the positive. Best Regards, J.T.

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