MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (11369)	3/27/2002 11:16:53 PM
From: macavity	Read Replies (2) of 19219

Setup. We are not there yet, but this BULL had better get moving or else the BEAR will come out for his meal. My readings TrendStrengths are weakening dramatically, and my weekly stoch appears to be topping, and may be turning lower. I even have a few sell signals. My read on sentiment - my VIX stochastic is saying that the market is Bullish. Add to this fact that the ratio of VIX/HistoricVol(OEX) is low (near 1) - indicating that options are now cheap. (I use these two indicators to judge the VIX and not the level it self). I see that the market has to rally in the next 2-5 days to get out of this (potential) hole. Indices have come back to retracement levels on moderate volume, all we need now is The Rally. The ball is still in the Bulls court - he just has to run with it. Long AU (Thx the stars for Gold) Looking to buy QQQ/SPY/TECH on stop above -macavity

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