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

To: J.T. who wrote (8351)8/17/2001 9:56:12 AM
From: robert b furman  Read Replies (1) | Respond to of 19219
 
Hi J.T.,

Iv'e been watching the same support line.

My eye and prescription is that this market is in such a funk - it needs to go violate the low from the week before : 04/04/01 @1091.99.

This market is so negative on good news - we need a purge.

I think it will then add legs to the following Rally.

JMHO

Bob



To: J.T. who wrote (8351)8/17/2001 10:54:31 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
First DELL gap filled one more at 22.18 - 22.65. This is breakaway gap where it closed at 22.18 April 4 and opened at 24.43 the next morning (intraday low 24 that day). Now at DELL 23.31. Dell below 5 day RSI triple oversold levels at 8.49.

It is doubtful that last gap will get fully filled.

Best Regards, J.T.


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