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

To: sa-mule who wrote (3752)	7/10/2000 2:09:14 PM
From: J.T.	Respond to of 19219

sam, great family time. We are having perfect summer weather here in the midwest. As you know, that 3/1 ratio is a contrary indicator. So with the SPX up 6+ points we should get closer to 3/1 ratio unless the market reverses course to negative before 15 minutes prior to market close. BKX and UTIL both up today which will buffer SPX from going down. Retailing group upgrade also helps SPX. NDX is down 11 off of JDSU announced buyout of SDLI. But NDX has been skewed for so long SPX is the better contrary indicator. Best Regards, J.T.