MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1831)	12/9/1999 12:20:00 PM
From: J.T.	Read Replies (1) of 19219

NDX UPDATE: HUGE NEGATIVE INTRADAY REVERSAL NDX intraday high NDX 3,219 is followed by cancerous erosion and huge intraday reversal back down below key support NDX 3,160 MITA recently established. We are now below this level at NDX 3,141 and near lows of day. NDX 3,160 is now resistance. Any rally attempt at or above this 3,160 level and cross back below NDX 3,150 and it is time to buy Jan QQQ puts. Potential assault on NDX 3,100 lower support is on deck. I will update and establish new lower support levels tonight depending where we finish. Best Regards, J.T. Best Regards, J.T.

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