MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (9643)	12/23/2001 5:43:32 PM
From: High-Tech East	Read Replies (1) of 19219

... you said ... <<comercial less short now then all year? what are you talking about?>> ... after I said ... << - the commercials, public opinion, the ADX and stochastics are all saying, very strongly, that the S&Ps are very close to going down big and fast ... I have 6 March S&P puts ...>> ... what are YOU talking about ... the commercials are certainly NOT less short now than they have been all year ... AND I did not say that ... please explain ... I do not know what you are referring to ... ... following are the chart readings I was referring to for the S&P futures for Friday, December 21 ... ADX 12/21/01 = 22.5 Stochastics 12/21/01 = 87.0 Commercials 12/21/01 = 31 Public Sentiment 12/21/01 = 69 ... very VERY bearish in my personal opinion ... the S&Ps are headed for, if I could take a guess, say 700 before the end of February ... Disclaimer: The above is my personal opinion. I am a full-time amateur investor and recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions. Ken Wilson

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