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

To: marginmike who wrote (9525)	11/28/2001 11:35:24 PM
From: J.T.	Respond to of 19219

Waiting for COMP to hit minimum COMP 1,780 - 1,820 area. 5 day RSI still above oversold at 45.03. Still have that open gap from November 2 - 5 that needs to get at least partially filled. This would take us to COMP 1,745 - 1,768 zone. So a fall to COMP 1,760 would get me Bullish with MM above 1.450 Billion. Today's MM levels didn't really change much and hence not enough fear built into this pullback. I thought today's selloff would bring MM levels back above oversold 1.4 Billion. The fact it did not reinforces my short term view we have lower to go. Best Regards, J.T.