MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (12017)	5/3/2002 10:42:51 AM
From: Killswitch	Read Replies (3) of 19219

Looks like BKX formed a bear flag after its fall this morning. Now it is breaking down farther for another plunge. BTK fallen back below a downtrend line from April 23. Edit: also note P/C ratio freakishly low again. Lately this indicator seems to be working in a non-contrarian way so perhaps this means all those call buyers will actually get rewarded :-O

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