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 ()	8/10/1999 9:45:00 PM
From: John F. Summa	Read Replies (1) of 19219

SPX bounced right off its 200-day moving average today, by the way. Just thought I would mention that. The day chart shows a nice pierce and rebound, similar to last year's summer swoon and subsequent initial bounce. Maybe we tread water (range trade) here a bit and try to work up a rally by end of week into next week, led by positive tech earnings news perhaps. JSumma

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