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

To: SecularBull who wrote (4005)7/28/2000 1:08:59 PM
From: marginmike  Respond to of 19219
 
Bkx is holding 790 which I think is key, and Sox which led this declined has bounced. We may have seen the worst for now and get a rally this pm and monday. I still think we are heading lower but we will get a chance to exit longs and go short. The market looks VERY sick and the volitility in certain stocks is very severe.



To: SecularBull who wrote (4005)8/2/2000 2:11:35 AM
From: J.T.  Respond to of 19219
 
LONGonFIBER,

COMP is similar to NTAP in that both are in oversold territory below 5 day RSI 30. NTAP is 23.84 while COMP is 28.08.

AVNX is at 36.83 so is above oversold levels albeit not much.

Market could technically bounce from these levels but it is August when volume typically wanes and these one day rallies are met by selling.

Best Regards, J.T.


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