MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: DlphcOracl who wrote (9191)	10/28/2001 11:32:19 PM
From: J.T.	Read Replies (1) of 19219

The market has put in THE bottom on September 21st and this countertrend rally has further to run. Higher lows on da Naz...and broad market... DOW, SPX et al When you get a 5 day average (9/17 - 9/21) on the CBOE Equity Index Put Call at a historical ratio of 1.132... When you get a VIX 5 day average 45.598.. When you get a VXN 5 day average 77.030.. You get the idea... YOU GET THE BOTTOM. Bullz earned their stripes... As for next week and for the month of November... Just a brief pullback next week followed by more highs... then a hard pullback followed by very choppy whipsaw action for the rest of the month. Best Regards, J.T.

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