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

To: macavity who wrote (4168)	8/22/2000 1:34:14 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

macavity, great observation on overbought RSI conditions. We are overbought or extreme overbought on nearly all indices across the board. We are within 1, maybe 2 days of a nearterm top before a pullback. For the market to do my bidding for me, I would love to see a hard rally into the bell after the FOMC announcement so I will be able to position to go short the SPX for a few days. I think we will get this one day reading up today followed by failed follow through on the close tomorrow. We shall soon see. What happened to bobby beara - did he get tossed from S.I. now? Best Regards, J.T.