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


To: J.T. who wrote (8389)8/22/2001 10:22:31 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 19219
 
I didn't have time to look at the long/short ratio when I did
it, just the long shares out vs the Nav.
I can see how the TA was lower on the 4/4 than 8/17
as the NAV was "lower" however the( "share" amount
was lower on 8/17) and all that had the 8/17 TA above 4/4 was
taht the NAV hadn't fell as much , it will be interesting when
I get to plug in yesterdays numbers.
-----------------
Another fly in the soup to using this or say the 4/4 numbers
is we may not have rallied as much back then except for
that surprise rate cut.
There are outside factors that can skew the best of data,
( like surprise rate cuts or the dollar falling off a cliff )
------------------

Jim



To: J.T. who wrote (8389)8/22/2001 10:52:52 AM
From: Chip McVickar  Read Replies (2) | Respond to of 19219
 
The Strongest Go Long...!

Ahhhwelll...JT..., We didn't get the move we were both looking for....! <smile>
And not happy about that either....!

I'm still bullish and looking for a market turn in the SPX cash charts after 1:30est.

However..., must be conscious of the general market conditions and will Go Short on any serious signals.

Chip