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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: whydididothat who wrote (9751)1/14/2002 11:43:10 PM
From: J.T.  Read Replies (2) of 19219
 
Simple Nova/Ursa ratio is much less significant today than it used to be when the leveraged funds weren't around.

If you are into ratios do Nova + TITAN / Ursa + TEMPEST.

Anything greater than 2.5 to 1 is extreme these days and you should go the opposite way. Now you got the SPX Short Funds greater than 1 to 1 ratio combined with MM above oversold this after a monster move off September 21 bottom.

AAII is a laggin indicator of about 3 to 5 days and will not really ratchet up until next week.

Best Regards, J.T.
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