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

To: J.T. who wrote (4718)	9/27/2000 11:56:01 PM
From: Stcgg	Read Replies (1) \| Respond to of 19219

JT - Hochberg's Report.. Dow down 12 of the last 14 sessions; P/C ratio of .63 indicates close to a st bottom in Wave 5, expects morning low below 10567 then abc wave back up.. If the index breaks down, next lower support levels are 10432-10477, if violated then 10336-10382.. Naz is 5th day of decline and oversold, expect a dip below 3614 to qualify for a st bottom in Wave 5, then abc wave back up.. If Naz breaks down, it will make a lower low than May bottom.. SnP is also completing it's 5th Wave down, bottom should be in the morning 1413-1418, if further breakdown look for lower low than May bottom.. He's bearish on the USDollar.. I don't agree with his wave counts, I think we crash from oversold levels.. Ho Ho Ho! >><< >><<