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

To: Steve Lee who wrote (10130)	2/6/2002 10:58:36 AM
From: J. P.	Read Replies (1) \| Respond to of 19219

Looking for NDX 1400. VIX breakout above the 50DMA and the 200DMA today, if it confirms tomorrow will be very bearish for a break down. stockcharts.com[m,a]daclyyay[dc][pb50!b200][vc60][iUi14,3!Lh14,3]&pref=G VXN breakout above the 50DMA, nearing resistance, still in a downtrend, will if it can break above 50 and close above for a couple days, will confirm breakout, this will be very bearish. Combine that with the lack of support on the NDX and it could be a setup for a break down to at least 1400 which has been my downside target. stockcharts.com[m,a]daclyyay[dc][pb50!b200][vc60][iUi14,3!Lh14,3]&pref=G On the fundamental front, earning suck big time, and CSCO's managed earnings fooled no one. I'm in the tech business and nobody's selling doodly in the corporate market. Despite what economists might think, from my vantage point in the trenches of corporate america, there is no economic pickup in tech spending and I work across many verticles.