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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (1093)10/27/1999 5:07:00 PM
From: J.T.  Read Replies (2) of 19219
 
This NDX rally for me late was the spark to go long. When I wrote this post you could see NDX was at NDX 2,433 and falling like a stone. The quick sharp reversal back up off of this NDX 2,422 bounce was fast and furious. Enough to catch my attention and issue a last minute change.

NDX finished solidly higher from this NDX 2,433 when MITA 1,093 was issued. We finished at NDX 2,457 which was higher than most of the days trading in this index.

It may seem like I am putting the cart before the horse before getting ECI report, but I will take that risk in light of BKX monster run lead and NDX late bounce.

Best Regards, J.T.
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