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 (9657)	12/26/2001 8:43:02 PM
From: High-Tech East	Read Replies (3) of 19219

J.T. ... regarding the S&Ps - the commercials, public sentiment, the ADX/DMI (7-bar) and the %K Stochastics (14-bar) are now all perfectly set-up (according to what I was taught by Larry Williams) for a major move to the downside for the S&Ps, and probably very soon if not almost immediately ... ... if these indicators are sending false signals, it will be the first time in at least the last six negative set-ups that the S&Ps have not corrected downward and significantly downward ... ... the previous set-up "tops" on the weekly charts were on 07/17/98, 07/16/99, 03/31/00, 09/01/00 and 06/01/01 ... the weekly "top" this time (if correct) was 12/07/01 ... 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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