MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (1023)	10/22/1999 10:04:00 AM
From: J.T.	Read Replies (1) of 19219

marginmike, I think it is a bear trap. I was early yesterday and should have waited for that NDX 2,408 break for confirmation. The market certainly could go little higher here. We could go as high as DOW 10,480 intraday but support/resistance is DOW 10,390 watch this level. MSFT finding of facts this Friday or some other Friday could accelerate things in a hurry in either direction. As a side note, Stock Traders Almanac has probabilities of market on Monday based on last 50 years says market has a 71% chance of being down. This highest down probability day of the year. Maybe take some more profits off of the table here??? Best Regards, J.T.

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