MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Area51 who wrote (672)	9/22/1999 4:00:00 PM
From: J.T.	Read Replies (1) of 19219

Area51, OEX must get above 705 on two closes to advance northward. Or if you prefer, stay below this level to maintain downtrend. Looks like the SPX up only 3 to 1,311 is "unwinding" some late selling off of the highs late into the bell. DOW trying to stay afloat above drowning level 10,550. Doesn't look like its gona make it. NDX very strong. EDIT: DOW closed down 74 to 10,524. SPX closed up 3 to 1,310.50 NDX quite strong for the bulls and near the highs of the day. Closed up 40 to 2,513 and quite impressive. A mixed bag with no bragging rights on either side. DOW hasn't closed this low since June 11 when it finished at 10,490. This is the 4th of the nine critical support levels I have posted on September 3rd to bite the dust. Best Regards, J.T.

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