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 (208)	6/25/1999 1:38:00 PM
From: J.T.	Read Replies (1) of 19219

The bounce is over as the dead cat variety show is now about to kicked down the slippery slope. TRAN close to break even and UTIL points to a hang job for the market. IIX needs to hold 288 right here or we test this 280 level I spoke of in MITA post 149 last Friday June 18: JL1HA1, I think IIX needs to have one more test to 280 intraday and see how it reacts. I would stay away with 2 closes below 275. This index may leave me on the way up, but the risk is greater than reward here. Columbo lives. Best, J.T

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