Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (4902)	10/11/2000 11:36:14 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

I will consider NDX 3,047 intraday low close enough for this first attempt at NDX 3,000... A bounce to NDX 3,350 is now in play... We are at NDX 3,098... I may be early... Best regards, J.T.

To: J.T. who wrote (4902)	10/13/2000 4:47:39 AM
From: J.T.	Respond to of 19219

Historically Low Relative Strength Readings dictate a hard bounce is imminent. But when will it stick? Not only is the 5 day RSI levels below triple oversold levels across the board, but you rarely get readings below oversold 30 levels on the extended 21 day rsi test. I now count 5 indices that are below 30 on a 21 day rsi. Index 5 Day RSI 21 Day RSI DOW 8.37 29.09 SPX 7.21 26.61 OEX 8.16 25.69 NDX 12.05 31.80 COMP 9.02 28.63 SOX 13.62 30.05 IIX 13.97 32.38 DOT 12.85 27.75 BKX 9.75 33.16 XBD 13.41 36.43 UTIL 47.41 54.92 TRAN 18.06 30.73 XAU 51.81 43.03 XOI 80.01 60.24 MSH 14.09 31.53 PSE 10.66 30.14 Best Regards, J.T.