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

To: J.T. who wrote (4889)10/11/2000 9:55:04 AM
From: Louis V. Lambrecht  Respond to of 19219
 
JT - also have that 3320 something on a technical bounce.
About 50% retracement back to the neckline of a H&S on both NDX and COMPX.
For the first time in a while, equities PCR daily below 0.6, 10 DMA has peaked, 21 DMA about to peak. Waiting for a daily print lower than 0.4 to confirm that traders start buying puts.
Although I don't see any reason for the market to rebound (other than technically) in the current situation.
FWIW.


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