MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (642)	8/31/1999 3:55:00 PM
From: J.T.	Read Replies (1) of 19219

bobby, wild both ways and now back down. DOW needs to stay above 10,850 for the bulls case. Watch IBM. It should be rallying more on this big contract. It has been all over the board today. Big tug of war and signs of distribution. A close below 124 (should be no problem holding this level today) would be very negative for the stock, and hence the DOW. IBM needs two closes above 125 to keep the momentum bullish going, imo Notice also the weakness in the UTIL Index going into the bell. Heading right back towards 313 critical support. Repeat after me: This time it is different. <ggg> Best Regards, J.T.

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