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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Paul Moerman who wrote (10101)2/5/2002 2:43:00 PM
From: J.T.  Read Replies (2) of 19219
 
YES. The rally is ON.

SOX 538 never got breached since this post this morning and SOX has now traded above SOX 548 for 15 + minutes unlike the earlier test after the post below from this morning:

...I would key off the current read SOX 542. If SOX breaks below 538 from here during the rest of the day and stays below 538 for more than 15 minutes the answer is NO. If we break back above SOX 548 the answer is YES...

charts-d.quote.com:443/1012938194770?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:SOX.X&Interval=1&Permission=367113&Ht=400&Wd=600&Display=0&Study=RSI&Param1=21&Param2=0&Param3=&FontSize=10

SOX now at SOX 552.17

Best Regards, J.T.
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