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

To: J.T. who wrote (9731)	1/10/2002 8:49:48 AM
From: marginmike	Respond to of 19219

agree, Rydex/Pc says we dont have much more down to go. WOuld like to see a nice mini selloff. Unfourtunatly I am short would like to get out of the positions and get long on the next pullback.

To: J.T. who wrote (9731)	1/16/2002 6:27:00 PM
From: J. P.	Read Replies (1) \| Respond to of 19219

All those January calls are about to expire worthless as speculators were drawn in like moths to the flame and are now being incinerated. TICK, TRIN, VIX, OEX, SPX all indicate that the selling may be done as their oscillators are all buried at their respective maximums/minimums. However the selling ain't over until it's over, the indices failed their 200 DMA's in a major way, and the 50DMA failed to cross over, which would have been bullish. I'll bet it will base out soon and make another try to the upside. Lots of grinding ahead as the popped bubble has created massive overhead resistance.