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 (11134)	3/8/2002 7:43:45 PM
From: High-Tech East	Read Replies (1) of 19219

(1) ... Genesis data for today, including the Commitment of Traders for the S&P 500 ... the commercials, in one week, increased their net short position from 66,000 contracts to 84,735, an increase of their net short position of 28.4% in 7 days ... very bearish ... (2) ... in the same period, public sentiment increased (for the S&Ps specifically) from 69% to 78% - also bearish ... (3) ... while the paunch ... with the stochastics moving aggressively toward the ADX could be considered neutral short term, but quickly moving towards the bearish pinch ... ... the bottom line, in my analysis ... there is *some* up movement left in the S&Ps, but it could turn on a dime and accelerate to the downside ... Ken Wilson

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