MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Teresa Lo who wrote (385)	8/6/1999 11:49:00 AM
From: Teresa Lo	Read Replies (1) of 19219

It has been pointed out that the daily chart of the NDX has formed a head and shoulders top with the thick pink line as the neckline. Even though it pulled a reversal day yesterday, there are four areas of resistance overhead, all in the 2240-2280 area. 1. The 20-day EMA, 2. The 50-day MA, 3. The neckline, 4. The April highs. So there is much work cut out for the NDX to get over resistance in this zone. intelligentspeculator.com

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