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

To: J.T. who wrote (7033)	3/6/2001 10:08:21 AM
From: marginmike	Read Replies (1) \| Respond to of 19219

The question is how far do they melt up?

To: J.T. who wrote (7033)	3/6/2001 10:09:27 AM
From: Zardoz	Read Replies (1) \| Respond to of 19219

BKX 892 and XBD 532 at session highs and moving UP in tandem... a deadly combination in a MELT-UP... Did the Bull just gore the Bear? Hutch Isn't CSCO up on a Downgrade?

To: J.T. who wrote (7033)	3/6/2001 4:28:41 PM
From: macavity	Read Replies (1) \| Respond to of 19219

J.T. Good call on the turn. Close has put a bit of a downer on this day, but I feel that the short-term bottom may be marked. Good breadth and 3 star pattern. Not as optimistic as you (due to bad juju in weekly charts). I am still shorting o/bought tech with tight stops for now. (INTU and some biotechs). I reckon there is still mileage in this play. War still to be fought. SOX 5Day RSI is about 70% and BTK seems to be flagging with stocks rolling over from o/sold. Hope everyone did o.k. - macavity