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 4:36:58 PM
From: bobby beara	Read Replies (2) of 19219

massive rallies in one day like this are usially Bear rallies,<<< we had a rally like this from similar levels on October 3rd, those rydex numbers indicated a large amount of capitulation, stockcharts.com the dow broke it's down channel, Cisco is a bellweather stockcharts.com[w,a]dbclyiay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G that volume spike is usually not the kind of thing that just rolls over and dies. I don't believe the economic conditions are there for the big kahuna the bears keep promising (i thought we already had that anyway -g-)

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