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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Zeev Hed who wrote (13534)7/17/2002 10:42:03 PM
From: 16yearcycle  Read Replies (2) of 19219
 
"Some of these indicators are so extreme that they may even force me to extend the scope of the rally"

I have been amazed, and wondering what in the heck you were looking at to stay with this "weak bottom" stuff. We are profoundly oversold, to a level only exceeded four times in my career, Oct 87, Oct 90, Oct 98, and Sept 01. Like I posted to you earlier, we have now exceeded the depth of the Nikkei, and we are on the verge of passing the length of The Great Crash. The vast majority of active traders left are pure bears, so this is feeding on itself to the nth degree.
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