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

To: UnBelievable who wrote (5960)	1/6/2001 9:17:49 PM
From: bobby beara	Read Replies (2) \| Respond to of 19219

lol, after looking at rydex from friday nova 376 ursa 271.5 otc 1759 arktos 88.8 titan 72.3 velocity 116.4 tempest 21.9 venture 30.4 cash 1070 it appears the screaming overbought level was squelched on friday, might be enough to get me out of hot water -gg- this furthers my theory that we have a possible right shoulder on the dow industrials pw1.netcom.com the nyse summation is reaching bear market overbought territory, but after looking at laverne's oversold trin from tuesday on naz, i give it a shot that there may be some sector rotation out of the overbought 'ole eco' stocks and into tech that may hold them up for at least a consolidation, if not a rally (i bot some q's, can u tel -g-) the only x factor out there is nobody knows how extended the economy got on the bubble and what the repercussions will be, i think too many have been optimistic for a soft landing, people are too full of bull after a half o decade of 20% up years and believe bear markets are a myth, like the naz that went straight up in the face of overbot condition and extreme sentiment, there is nothing to say it can't do that same thing on the way down, it's been doing a good job of it since sept at least -g-