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


To: macavity who wrote (6537)2/11/2001 3:13:32 PM
From: bobby beara  Read Replies (1) | Respond to of 19219
 
Ameritrade index was above 80% 3 days in a row ->>>>

although i don't follow that index, I remember that somebody posted ameritrade index as net sellers the day of the naz bottom on jan 2, that was the only time i can recall somebody posting amertrade as net sellers during the whole decline.

that said, i think we should bounce into the tuesday greenie speech or possibly into expiry.



To: macavity who wrote (6537)2/12/2001 2:10:13 PM
From: macavity  Read Replies (1) | Respond to of 19219
 
Potential Outside Lower Day in UTIL.

I have no clue what is happening on the news front, but a massive reversal in UTIL looking possible.

If it closes down here (UTIL < 390) then it would look like an end to this pesky rally in UTIL. 1/2% from today's high and that would have been my stops.

DRG resistance: DRG < 425.
Will review sectors later.

- macavity