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

To: J.T. who wrote (9865)	1/24/2002 12:01:50 AM
From: whydididothat	Read Replies (1) \| Respond to of 19219

Just another friendly opinion from someone playing the muti-month swings ... not sure how one sentiment indicator like Rydex can confirm bullish market action when various indicators (broken support lines, lower highs-lower lows on NDX, low VIX, rising PC MA's, negative momentum divergences) suggest otherwise. Also, don't see RUT reversal yet. Just oversold bounce with hint that RUT won't move much higher than early Jan top, at best. A test of the underside of the 50 day MA on the SPX & NDX looks like a better opportunity to go short than to be long. Sorry, but I won't be cheering for your side of this trade ;-) PS: hoping to hear a good case to the contrary