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

To: Killswitch who wrote (12391)	5/24/2002 2:23:24 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

From Shartsis: "Pole Dance 05/24/02 01:09 PM EDT In the world of point and figure charts, what is the most bearish of all formations? Investors Intelligence considers it to be the "high pole at the bearish resistance line." That is an up move that fails at the downtrend line and then retraces at least 50% of the last rally. The Dow Industrials and the Transports have now traced out such a pattern and the S&P 500 is very close to doing so, too. The Russell 2000 also has issued a sell signal from the same "high pole" business. Chartcraft rates 9800 as a major sell signal for the Dow."