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 (62)	6/7/1999 9:27:00 AM
From: J.T.	Read Replies (1) of 19219

MARKET COMMENTARY, pre-open report 6/7/99 Market to open mixed to slightly higher, with techs taking early lead and small morning rally extending Friday's strong gains. Profit-takers should come in within first two hours after intraday highs have been established, and this first pullback should be noted. Anyone considering taking profits off the table have nice opportunity within the first hour. In other news: 1) Kosovo peace-talks break down and intense bombing will resume unless serbs comply with NATO demands. Keep an eye on this murky situation. 2) Dow component Allied Signal (ALD) to buy Honeywell for just about $15 billion. This may put downside pressure on ALD out of blocks. 3)IBM/Acer (Taiwan) hook up to form international alliance and potential $7.8 billion worth of orders in exclusive distribution agreement. 4)Motorola/Cisco hooks up in deal of Bosch Telecom to form new SpectraPoint Wireless. 5)TRAN issue UAL issues lower profit warning for second quarter. Best, J.T.

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