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 (754)	10/1/1999 4:27:00 PM
From: J.T.	Read Replies (2) of 19219

BKX finished at 745.7 and bounced back extremely strong late in the day. This, in spite of bonds getting creamed right out of the box and finishing near the lows with yields backing up to 6.15%. After testing recent lows again (735 intraday), BKX snapped back and this also sets the stage for that rally back to 755-760 on Monday - Tuesday the latest. Because of the strong con-current eco #'s today, 790 may be little optimistic within week from last Weds. BKX 780 is more in range before consolidation sets in. WFC for long term accounts. Do your own due dilligence. Best Regards, J.T.

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