MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (12142)	5/8/2002 4:30:15 PM
From: High Country Trader	Read Replies (1) of 19219

>>If tomorrow is another day like today I would think it was bearish. to much to fast is not bullish<< Nothing could be more bullish than another day like today tomorrow. These are called momentum thrusts. Some of the biggest moves historically have come with extremes in momentum, especially five day momentum moves. Dan Sullivan at The Chartist newsletter has done a lot of research on these type of momentum thrusts. However, like you I remain skeptical. The up/down volume on the Nasdaq today was very disappointing. Today however was the third best ever day since 1997 to dateline into Asian tech funds - the surest thing to a free lunch in trading there ever was - and that's where I made my play today.

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