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 (917)	10/19/1999 10:51:00 AM
From: J.T.	Read Replies (2) of 19219

How much more dead on the money can we be than this from last night: ...<1)Tomorrow is CPI benign and we rally hard taking DOW to this DOW 10,310 level on its way to potentially DOW 10,480 area sometime on Weds. before settling down around DOW 10,380 Weds. close. SPX 1,294 is within reach in next two days intraday before settling back to SPX 1,280>... and this: ...<The second and more bullish way of looking at this is that this was the third test of DOW 9,976 and it held firm support and bounced solidly after the last test. This NDX was on both sides of this NDX 2,328 test I called for and once we hit NDX 2,300 intraday low area support we bounced real hard to confirm DOW. BKX also has again done its about face back northbound. This BKX alone has been the best indicator for me to call short term market direction of late. I have sided with the Bullish later view for this short term bounce I have called for last Friday>... Best Regards, J.T.

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