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 (793)	10/12/1999 5:14:00 PM
From: J.T.	Read Replies (1) of 19219

Area51, $111 is sitting right above its 200 MA of $109 area. This was the third time IBM tested $111. It failed. With INTC down $5 now in after market you can see why it pays to wait to go long and not get cut up with the knife. Now we are going to see how low is low for IBM tomorrow. Tomorrow is going to be ugly. My DOW target is DOW 9,770 intraday low as I have posted several times in the past. I hope you did not go long IBM. Best Regards, J.T.

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