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


To: macavity who wrote (7229)3/14/2001 11:05:17 AM
From: macavity  Read Replies (1) | Respond to of 19219
 
Two bullish signs.


Apologies for this coming out so late, but I missed the open and am not able to trade.

i)Lots of morning stars in NDX stocks from yesterday.
ii)AMINDEX was around the 30% level

Not enough to convince me to go long overnight(yet), but tech does look a lot better than non-tech. A close of one of these gaps would be good.

c.f. TRAN/OSX/XNG/XOI/UTILs even CYC.
Was not able to look over more charts.

Out of defensives and into Tech ? Perhaps.
OEX and SPX still point to weakness in large caps, but I must have counted about 10 - 15 near morning stars in NDX.

- macavity