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)	10/12/1999 2:18:00 PM
From: J.T.	Read Replies (1) of 19219

BKX now at BKX 770. Notice the interlinking with BKX and DOW continues. This broad market is capped out until BKX gets thru BKX 795 with second close above BKX 795 full confirmation of break-out and interest rates settle down below yields of 6.18% I mentioned this run to BKX 790- BKX 780 on Sept 29 before consolidation sets in in MITA 736: ....<Now for some upside targets. One of the first indices that needs to get legs is the BKX. This BKX has been a dog of late and has now turned the corner. With this huge intraday reversal from 730 low to close at 742.50 has set the stage for this little lift-off. Tomorrow we should see an immediate test of 755 BKX. This may come out of the blocks within the first hour of trading but no matter as it is going to run hard to 790 BKX intraday within one week before settling down.>... MITA 761: ...<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.>... Best Regards, J.T.

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