MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: JLIHAI who wrote (745)	9/30/1999 10:27:00 AM
From: J.T.	Read Replies (2) of 19219

JL1HA1, Nice report. Re the OSX: What are your thoughts on BHI. I have a small position in this. As for the markets, you are right on with this stubborn DOW 10,000. IBM has breached 120 intraday to 119 5/8 and has just had a nice bounce. I will not like a close below 118 for the rest of the market. I am convinced this would take out DOW 10K if this c1ose below IBM 118 materializes. NDX still trending lower after bouncing off 2,380 which is a higher low support and is now trying to work its way back to 2,400 and beyond. I do not like these up openings followed by immediate sell into the rallies. NDX needs to hold the gains and run. Not yet doing so. NDX is now at 2,403 and running. A good sign. I missed the XAU run. It happened too fast. I might look for a point of entry in a few days for a trade. Best Regards, J.T.

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