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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (17307)6/11/2003 10:10:25 AM
From: J.T.  Read Replies (2) of 19219
 
Dangerous cross-currents abound-

Investors Intelligence numbers out today:

Bulls 58.7%
Bears 16.3%

Lowest levels since April 1987.

However, price action holding it together rather well-
*so far*.

Only SOX break and sustained suppression below SOX 370 (now SOX 372.50) and
is confirmed by BKX break of BKX 860 (now BKX 868) will I
feel good about this trade.

*If* this scenario develops, the break will be on to SPX 840 - 850.

Will the one hour opening numbers mark the commencement of
the reversal?
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