Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: OVETUS who wrote (7118)	3/8/2001 2:08:13 PM
From: J.T.	Respond to of 19219

NEM short term right now we are above the 200 day MA 17.52. We need to close above this level today and confirm the second close above this level tomorrow. We are now at NEM 18.10. The quick sell is b/w 19.50 - 20 in the next week short term. On a combustion play sell b/w 21 1/4 to 21 3/4 right underneath 22 overhead resistance on the weekly and roughly 20% above the 200 day MA. 5 day RSI is at 82.1 above double overbought. We can move above 90 before the pullback. charts-d.quote.com:443/984078301960?User=demo&Pswd=demo&DataType=GIF&Symbol=NYSE:NEM&Interval=W&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0 If GATA case has merit, NEM 24 - 25 is not out of question intermediate term. Best case long term is 27 1/2 - 29 area over next 4 - 6 months. Best regards, J.T.