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

To: High Country Trader who wrote (12538)	6/3/2002 9:37:20 PM
From: High-Tech East	Read Replies (1) \| Respond to of 19219

... truly amazing, the diverse analysis and opinion here ... ... one thing I know for myself, if the dollar (US Dollar Index) steadies from here (closed at 111.38 today), does not break 110.00 and starts to rally back to about 114.80, then the trend will be reversed, and it will be safe to be long the dollar (for a while, anyhow) ... long term, I have never seen a better Larry Williams long set-up (even better than when I entered early a couple of weeks ago) ... commercials at a 105 rating (very bullish and net long 3,955 contracts) ... sentiment is 25 (bearish) ... ADX at 53.45 ... %K at 7.27, %K at 6.34 ... ADX and stochastics very "paunched" ... BUT the short term trend is still down ... ... if the dollar heads north, equities should follow ... ... the DX critical support is 110.00 ... the $SPX critical support was 1050.00 (closed today at 1040.68 - it better get back above that quickly and stay there) ... the $COMPQ critical support is 1560.00 and it closed at 1562.56 ... ... both the $SPX and $COMPQ could test 911 lows in a hurry if they don't steady and rally ... ... all in my opinion ... Ken Wilson