MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (14002)	8/2/2002 11:19:36 AM
From: Alex MG	Read Replies (2) of 19219

I still see a high possibility of a significant rally from a retest of the July 24 lows... That was definitely a "selling climax" at VIX 57 Looking for possibly 855ish on the SPX and 920ish on NDX to fill the gap and restart the uptrend. If you want to follow the Top-10 market timers in the U.S (as reported by Timer's Digest), the top 3 moved off of their sell signals on Tuesday. The top two moved from their previous sell signals to buy signals while the third moved to neutral but did enter long positions. Of the top-10 there are now 5 bulls, 3 neutral, and only two still on sell signals... If you want to throw in ZH as another top market timer (I think we should), there's another bull... I wouldn't look at this as a contrarian bearish sign, being that most are now bullish. These are the top market timers each using different strategies and indicators.

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