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

To: J.T. who wrote (10097)	2/5/2002 11:03:56 AM
From: bobby beara	Respond to of 19219

JT, those are raschke's charts, she's just showing that many stocks are in downtrends now making lower highs and lower lows and breaking down out of bear flags. This is for entertainment only -g- but it looks like a gilligan top with a dubble kandahar camel hump across the 200dma -g-, formations like these usually failed during the bull market and reversed up, but in the bear market they have been perfectly reliable, the odds are still with the bears with a declining 200dma, doesn't mean we go straight down, we broke a similar formation in june and went sideways for another month. stockcharts.com; banksters have just broken down making lower low after making a new high on the move 6 sessions ago src="http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=%24BIX%2Cuu%5Bh%2Ca%5Ddaclyyay%5Bp%5D%5Bvc60%5D%5Bi%5D%5BJ2934470%2CY%5D"> put/call ratio avgs have been moving sideways with a slightly upward bias since nov, 19th and now have curled up, as larry mcmillan sezs, the trend of put/call moving averages is your friend, until it bends stockcharts.com[w,a]daclyyay[dd][pb21!d15,2!a.57][vc60][iUb14]