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 (691)	9/23/1999 11:06:00 PM
From: J.T.	of 19219

Backtesting is important. You will only visually be able to view this 60 minute chart on NDX tonight (obsolete data after tomorrow) as the lower left support of the chart will get tested tomorrow at the 2,328 capitulation support that I have been calling for here: NDX 60 minute chart: iqc.com And once 2,328 is taken out where we are headed to NDX 1,975 area. There will obviously be mini-rallies along the way down: NDX Daily Chart iqc.com These are the critical supports I have posted on September 3rd (MITA 652): 1)DOW 10,550 XXXXXXXXX TOAST XXXXXXXXX 2)UTIL 307 XXXXXXXXX TOAST XXXXXXXXX 3)TRAN 3,012 XXXXXXXXX TOAST XXXXXXXXX 4)BKX 765 XXXXXXXXX TOAST XXXXXXXXX 5)SPX 1,294 XXXXXXXXX TOAST XXXXXXXXX 6)RUT 412 #3 IN BATTERY 7)NDX 2,328 #2 ON DECK 8)SOX 509 #1 AT THE PLATE FOR S.O. 9)IIX 273 #4 and last in dug-out Unfortunately, I am not going to be witnessing the fireworks and posting tomorrow as I am in conference and meetings all day. But I will be back for some armchair quarterbacking late Friday night and late in the weekend. Best Regards, J.T.

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