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


To: High-Tech East who wrote (13558)7/18/2002 8:53:53 PM
From: Robert New  Respond to of 19219
 
Healthcare looks toppy here to me...take a look at the charts of UNH...THC...TGH...all setting up right shoulders of a head shoulders top. UNH put in a very nice reversal stick today and looks ready to crater to the gaps waiting below.

As per banks...the beat goes on...some very nice setups there as well...many are rolling over quickly here. COF was just the start of things imo.

Only a matter of time until real estate is impacted on the pricing front...homebuilders are in freefall in many instances.



To: High-Tech East who wrote (13558)7/18/2002 11:17:32 PM
From: Killswitch  Read Replies (2) | Respond to of 19219
 
All these long term H&S are reminding me of that inv H&S on the Naz we had earlier this year that everyone was watching. Once it fell apart the selling was relentless. I wonder if the reverse can happen here if these patterns seem to fail.



To: High-Tech East who wrote (13558)7/19/2002 3:48:29 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Long term supports bROACHED provide elasticity and about to be reversed.

Best Regards, J.T.