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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (16656)3/26/2003 3:51:01 PM
From: Daveyk  Read Replies (2) of 19219
 
I didn't even think about 19 for NEM until I saw your discussion and looked at the charts a few minutes ago.That's the minimum PnF target for now.My own system gave a sell at 28.50 area and no reversal yet.My statement of oversold is based on stochastics which are now crossed up from below 20 using stockcharts default setting which I'm sure many do.I use a few other settings too occasionally.I'll look deeper later tonite or tomorrow.By the way I was as surprised as you cause maybe the down will be more than many expect.I have no gold plays on right now.

Best,Dave
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