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


To: J.T. who wrote (6958)3/1/2001 3:44:10 PM
From: Shack  Read Replies (1) | Respond to of 19219
 
Whoa horsey! Half of this at least is short covering and we have yet to break any significant resistance. I'm not stubborn though, If the NDX can break 2000 and get out of its dt channel from Feb 1, I'll agree that there is potential and I'll play a little on the long side but I am not touching my core puts.

It is this type of complacency which has killed most rallies.

The COMPX bounced off of a major 10 year trendline today too.