SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J.T. who wrote (656)9/22/1999 1:42:00 AM
From: J.T.  Read Replies (2) of 19219
 
These are the critical supports I have posted on September 3rd (MITA 652):

1)DOW 10,550
2)UTIL 307
3)TRAN 3,012
4)BKX 765
5)SPX 1,294
6)RUT 412
7)NDX 2,328
8)SOX 509
9)IIX 273

In the face of two monster bullish up days in the ensuing 3 weeks, three of these nine critical supports in order(#4BKX, #3TRAN, and #2 UTIL)have become burnt toast. The DOW #1, SPX #5 and RUT #6 are next.
Numbers 7, 8, 9 will complete the sweep.

Wake up folks. This mirage is nothing but smoke and mirrors in the face of the decaying breadth statistics that permeate a sick cancerous market. Cumulative negative breadth statistics have now reached lows not seen since September 24 1996-- A THREE YEAR LOW WHEN THE DOW WAS AT 5,874 AND THE SPX AT 685.

Best Regards, J.T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News