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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Toni Wheeler who wrote (650)9/3/1999 3:34:00 AM
From: J.T.  Read Replies (2) of 19219
 
Toni, It's employment number day. Last three years this day has been down. But it has been followed by strong Tuesdays first day back after labor day. These are major trigger supports that need to hold on a close in the next three to five trading days in order to avoid a crash or set up for the crash later this month. Failure to hold these levels will bring capitulation and opportunity;

DOW 10,550
UTIL 307
TRAN 3,012
BKX 765
SPX 1,294
RUT 412
NDX 2,328
SOX 509
IIX 273

If we rally out of the gate, these numbers may not come into play until one to two weeks out.

Best Regards, J.T.
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