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


To: Louis V. Lambrecht who wrote (5105)10/20/2000 1:27:22 AM
From: J.T.  Respond to of 19219
 
Loius, rydex already confirmed the low was in... will update shortly..

also, on this double juke pullback, I looked very closely at the more stringent test the 21 day relative strength index last night and over 13 indices were barely above the oversold 30 level... This is a rare occurrence at best as I have noted in MITA post 4,946:

Message 14572917

This market was like a boiling pot filled with steam ready to blow the lid off... MSFT set the spark and the rocket was launched... more upside followthru ahead...

This is why I have noted to load up on the generals over the past week or so...

the rally is on with ocassional pullbacks all the way into early December...

Best Regards, J.T.