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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who started this subject4/29/2002 3:18:09 PM
From: J.T.  Read Replies (3) of 19219
 
Controlled Capitulation?

Nothing like the bottom all time high historical record breaking 5 day RSI levels on the morning of Friday September 21, but we visited quite extreme levels this afternoon:

5 DAY RSI Levels in Corresponding index:


DOW: 16.14 Below Double Oversold
SPX: 11.35 Near Triple Oversold
COMP: 11.60 Near Triple Oversold
BKX: 19.98 Double Oversold
SOX: 16.51 Below Double Oversold
NDX: 10.56 Triple Oversold
RUT: 21.38 Above Double Oversold



CounterTrend Reversal dead ahead.

Best Regards, J.T.
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