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


To: bobby beara who wrote (4995)10/15/2000 10:22:22 AM
From: robert b furman  Read Replies (1) | Respond to of 19219
 
Hi BB,

That was an excellent chart.Wondering what the cumulative effect of the double bottom just put in is - has to add to strength of bottom.

Your point about divergence is well made ( for confirming the bottom is complete ).

That chart shows perfectly how sept 98 provided the confirmation divergence.

Thanks for your excellent and experienced thought process.

Bob



To: bobby beara who wrote (4995)10/16/2000 12:50:00 AM
From: J.T.  Respond to of 19219
 
bobby, great chart and a very plausible scenario you paint...

Your set-up coincides with what I am looking for... namely a good 6 week rally into early December followed by more potential downside into warnings season again...

Plenty of beaten down stocks to find right now and make serious money on the long side in this timeframe...

you did get it right with that rising spx H & S pattern call a few weeks back and hope you made money on that great read...

Best Regards, J.T.