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


To: bobby beara who wrote (10096)2/5/2002 10:39:01 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Screamin higher off the bottom now...

Is this the start of Wave C of and A-B-C rally in early commencement?

Last night's update:

"If we are in and A-B-C type rally, wave C should shoot UP right out of the blocks tomorrow within the first 90 minutes of trading as we are severely oversold on an hourly basis."

commentary on your charts?

Best Regards, J.T.



To: bobby beara who wrote (10096)2/5/2002 11:04:43 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
The war is on between Bull and Bear as typified by the triple test of bottom supports in RUT 466 - 470 area on a 60 minute chart:

charts-d.quote.com:443/1012925051860?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:RUT.X&Interval=60&Permission=358230&Ht=400&Wd=600&Display=0&Study=RSI&Param1=21&Param2=&Param3=&FontSize=10

We can have a one day false break close below RUT 466 but two closes below RUT 466 and it will be another nail in the coffin for dead Bull argument.

Best Regards, J.T.