MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (12573)	6/5/2002 12:27:53 PM
From: t2	Read Replies (1) of 19219

Investors Intelligence continues to diverge as with the new reading 53% Bulls and 29% Bears JT, I believe bulls went down to 48% this week. That according to Pisani (cnbc) in a report earlier today. It had been over 50 for so long. He seemed to suggest this drop was bullish for the markets. Now it may be moving towards what MarkeVane and AAII---both of which indicate very little bullishness. What do you make of the ratio of rydex NDX short fund versus the NDX longs. I calculated it around 22%. Is that very high compared to months past? thanks. All this alligning itself for ramp up to max pain on QQQ--32 at this point; short term rally. Anyone recall how economic data was good ahead of Cisco earnings last month and the market went nowhere but took off right after the earnings report. I think we are going to see a replay of this. Short term the odds favor an EXPLOSIVE rally. jmho

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next