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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (566)	8/10/1999 8:57:00 PM
From: set	Read Replies (1) \| Respond to of 19219

> really oversold. Time for short covering. yeah. > It's amazing how close this is following last year, > if the pattern plays out we should make an ABC right > shoulder rally from these levels, Saw that. I think the similarity will end soon, especially since we've all mastered every inch of that period in hindsight. whatever wave count turns out to be accurate, I think next week we'll see a good strong rally. Just gotta get past friday 13. Someone pointed out to me today that Friday, Aug 13 was the exact day of the low in 82 that ended that bear and started this bull. Doubt it matters much, but it's nice to be reminded how childlike the market can be. Shahar