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

To: Killswitch who wrote (14064)	8/6/2002 1:19:45 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

I've got a small amount of shorts riding now since the highs. Looks to me like indices double topping (SOX) and breaking down from bear flags (Naz, SPX, etc.). I feel like the odds we get a third 500 point up day within 2 weeks is the more unlikely possibility here, especially since we are rallying on such vague rumors. I also like that so far things topped out in the general area of the 50% retrace of those three black crows formations. Anyway, I have tight stops so let's see what happens.