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


To: macavity who wrote (7074)3/7/2001 2:47:45 PM
From: macavity  Respond to of 19219
 
Stochastics.

In Daily (21D)
I am currently getting for QQQ %K/%D = 16.5%/12.7% with QQQ= 49.75

In Hourly(21H)
77.0%/76.0%

I think that there is at least another down move in Hourly before Daily gets a buy signal, or else the market just charges up from here and we get a buy signal at a higher market level.

- macavity.



To: macavity who wrote (7074)3/7/2001 2:55:01 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Thanks Mac..

I believe the market is approaching a nearterm top and we will turn back down tomorrow at some point and close lower...

I think today we potentially get a one day false upside break close above DOW 10,700 BKX 902, SPX 1,265 and NDX 2,000. Then tomorrow will not confirm today close on the upside and we turn back down. Just enough to tweak both Bulls and Bears.

Best Regards, J.T.