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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Killswitch who wrote (14522)9/5/2002 11:30:40 PM
From: Killswitch  Read Replies (1) of 19219
 
Conversely, there are now some rather extreme readings from Rydex, especially the NDX. All time high ratios (as far as my data goes back). The SPX funds also are not far away from the readings we had July 22-23. Combined with the fact that only 2% of the NDX is above its 10 day MA, if we can't put together a nice rally tomorrow then something is seriously wrong.
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