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


To: Hawaii60 who wrote (5388)11/30/2000 2:33:32 PM
From: J.T.  Respond to of 19219
 
Yes we are.

VIX still higher at 34.73. TRIN now at 1.71. Finally NASDAQ new Lows 771 and NYSE new lows 204 today we are getting there:

MITA rydex update last night:

...<We need to see 300+ new lows in the NYSE and 800+ new lows in the Nasdaq to know capitulation is in the offing. I would like to see minimum 7 to 1 Decliners over advancers in the NYSE to confirm this hot and bothered selling wave is near completion>....

Best Regards, J.T.



To: Hawaii60 who wrote (5388)11/30/2000 3:30:03 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Rock on. Look at this reversal. A close above SPX 1,320 and Bears are going to get it real good tomorrow. Bears disheartened and dejected again.

Best Regards, J.T.