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


To: Softechie who wrote (11322)3/23/2002 1:19:17 PM
From: J.T.  Respond to of 19219
 
I have just scalped on the Bullish, then Bearish side.

Now I am back Bullish.

I wouldn't consider yesterdays action anything to chirp about if you are bearish. Just another day to shake out the weak long hands and get Rydex levels bearish enough for another rally leg up.

I did note we had a small possibility to test the SPX 1,138 - 1,142 intraday lows on Friday:

Message 17231085

The fact that we did not (SPX 1,144.60 i-low) makes me even more bullish over the next few days and into the first full week of April.

Best Regards, J.T.