MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14358)	8/21/2002 12:11:58 PM
From: dvdw©	Read Replies (1) of 19219

This guy is saying What exactly? Chris Cadbury noted this morning that the McClellan oscillator bearishly made a three-year high Monday at +225. His trendline oscillator remained in the overbought area for the third consecutive day as well. The message here is that the market has had a big run and now needs to consolidate that move. You can reach Jay at JayShartsis@optiontraders.com." Sorry but I've seen nothing but consolidation, anyone taking this advice is ripe for the pickin.

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