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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: marginmike who wrote (12326)5/16/2002 11:18:47 PM
From: J.T.  Read Replies (1) of 19219
 
When you look at the big picture... the ratio of total Bull/Bear Funds we are just coming off the lows.

SPX TITAN, in and of itself, is not Bullish. But when combined with the whole picture... it is a different story.

MM TA still overbought and we have had a decent 4 day run...

from these levels:

5/7/2002       5/16/2002

DOW  9,836   DOW  10,289 
SPX  1,049   SPX   1,098
COMP 1,574   COMP  1,730


Pendulam swings back now.

Best Regards, J.T.
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