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

To: Killswitch who wrote (14780)	10/10/2002 1:59:20 PM
From: Killswitch	Respond to of 19219

Naz has target of a around 1185 off that 11am-12:30pm consolidation. If it falls below 1145 before reaching 1185 then it will be a failed breakout and we could go back lower. Similar stuff for other indices: DJIA needs to stay above 7420, SPX above 792.

To: Killswitch who wrote (14780)	10/10/2002 2:40:11 PM
From: J.T.	Read Replies (4) \| Respond to of 19219

Of course I have stats dating much further back than that. The biggest similarities 2002 with the 74' Bear are its intensity, SPX was the last major index standing and it held, and the NYSE Member data are strikingly similar. The best Bullish indicator ever? Fosback called the NYSE Off Floor Net Balance Index, a "once in a generation buy signal". And the data I have been referring to for some time suggest this once in a generation buy signal IS MUCH MORE BULLISH TODAY THAN IN '74. That was the purpose of this post. Message 18097374 I fail to understand how you are making SPX comparisons today vs 1932 on something that didn't even exist. Can you help me out with what you are saying?