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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (112)6/16/1999 12:19:00 PM
From: J.T.  Read Replies (1) of 19219
 
CPI core shows up benign and market rocks.

Here is MITA 111 post and if CPI core was .01% or less:

<.... Tomorrow is line of demarcation day for bulls and bears. If the CPI core rate is .01% or less the market will rally hard if there is no whiff of inflation to report. Break-out to 10,750 - 10,800 in the cards before basing out and retesting these numbers that same day and potentially getting thru these levels.....>

And what happened goes true to form. Market opens up at intraday high of 10,748 right at 10,750. We get our pullback to 10,720 level, base out ... and now we rock higher at 10,775.

Best, J.T.
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