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 (8808)	10/6/2001 1:06:53 AM
From: James F. Hopkins	Read Replies (1) of 19219

JT ; We will do some back and fill work, but I don't think we test the lows , ( if we do we go lower ). The VIX is looking good , market surprised even the floor traders today as all signs said we would end down..bad news on employment, Sunw warns, head lines read Corporate Bad News Keeps Pouring In, and still these dam stocks don't want to stay down. --------------- There has to be something going on that I'm missing we should at least back fill some, but key stocks are Up late even more than the index. Is the short squeeze about to be pulled ? We won't know until Monday , but if they do gap up and don't fill the gap, with all the shorts out it's going to be a ride. Last time I got caught in that trap they gaped em Up , then Gaped again, then again ...well I knew they would fill the gaps but it sure took a long time. ----------- These late day rallies are becoming a pattern Jim

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