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


To: yard_man who wrote (17828)8/26/2003 4:01:03 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Thought I had a nice profit this morning with the Nazdung down 22. Profit evaporated into a loss of less than 1% after 2 days.

SPX held major support along with BKX reversed after getting below oversold.

I can't ignore my indicators and was looking to get back long.

There is NO Selling pressure whatsoever. None.

Imagine if buying pressure really came into the market.

DOW would be at 10,000 - SPX at 1080 and COMP at 1900 before traders new what hit em.