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

To: q_long who wrote (3164)	5/19/2000 2:02:00 PM
From: J.T.	Respond to of 19219

Rock and Roll- The BOUNCE... Lets take em to the mat... Need to take out NDX 3,340 and it is FOR REAL. - now at NDX 3,280 Best Regards, J.T.

To: q_long who wrote (3164)	5/19/2000 2:11:00 PM
From: Joseph Stratmann	Read Replies (1) \| Respond to of 19219

Right now, looking at 15min bar charts of Nasdaq Composite I see the RSI on an upwards trend from approx 11am to now. Same for momentum. Stochastics just now going positive (not yet but close). I, as a newbie at this still, would read that as confirming indicators preceeding a move to be made by the Compx. Would someone care to correct me on this or do you agree? Im taking a step here actually putting publicly how i read this (hoping I dont sound like an idiot) <g> -Joe