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

To: marginmike who wrote (3231)	5/22/2000 3:53:00 PM
From: Lost to Voodoo	Read Replies (1) \| Respond to of 19219

Now that we've broken below the 300 day ema on NASD I feel like we have to go to 2900 at some point - not sure when. If we manage to get back over the 300 day convincingly maybe that's it, but that line should be resistance at this point. You guys probably have better intuition though. I have very little feel for it. Do you think that because the bounce retraced most of the loss today that it's over?

To: marginmike who wrote (3231)	5/22/2000 4:00:00 PM
From: LBstocks	Read Replies (1) \| Respond to of 19219

VIX wasn't as high as I like to see it to confirm a short term bottom. VIX hit 32. I'd rather have seen it at 35+, but put/call ratio at .89 is bullish. Also, anecdotal evidence of short term bottom seen on SI threads where many perma bulls threw in the towel and many perma bears were getting far too confident. Bears whipsawed today. Tough market for bears and bulls...