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

To: J.T. who wrote (10243)	2/11/2002 8:24:48 AM
From: High-Tech East	Read Replies (2) \| Respond to of 19219

J.T. ... good morning ... ... the March S&Ps ... closed @ 1096.50 (N.Y.) ... high of 1098.50 ... with ... ... 18 DMA @ 1116.76 ... has not been touched or violated since January 11 ... ... 50 DMA @ 1137.71 ... has not been violated since January 15 ... ... 200 DMA @ 1170.50 ... has not been violated since January 7 ... ... looks like lots of short term resistance in the 1137 to 1142 area ... ... now my question ... in the short term (today, Tuesday and Wednesday), what benchmarks might you have in mind to prove to yourself that the scenario you carved out yesterday is on track ... ... I am more open minded to being more bullish (for a while at least) ... what entry point would you use to enter the SPH2 long if you were trading it? ... Ken Wilson FWIW ... the weekly stochastics for the S&Ps still strongly favor downward price movement ... they are still in steady decline and are still diverging - they are not even close to rolling over to head north ...