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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 (14666)	9/30/2002 11:58:17 PM
From: bobby beara	Respond to of 19219

... how far off do you think I am with this? ... <<< we'll the evidence that the market has not responded to umpteen rate drops is pretty ugly, this hasn't happened since the 30's. the laws of supply and demand will rule in the markets though and even if the trend is down, there will be rallies, and we are nearing some extremes, it would be nice if we got a week of megaplus -1000 ticks and a couple of 90% down days to break the backs of the bulls and lead to good bottom, that may still happen now, as we have new closes below the july lows on nasdaq and dow.