MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (19115)	5/12/2006 10:27:46 AM
From: J.T.	Read Replies (1) of 19219

Nailed the top in the DOW, SPX and MID. Notice the SPX closed below the 21 DAY MA yesterday. If it can't reverse today back above the level at close today - Take it to the bank Goodnight Irene until the fall! Nasdaq is like a scalded dog - very tough to nail that top. Now a dead dog with no leadership. We will have plenty of whipsaw counter rallies on the way down.

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