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 (1199)	11/4/1999 12:47:00 PM
From: J.T.	Read Replies (2) of 19219

BKX has been sitting right above BKX 875 at BKX 878 area as we have closely monitored and now the worm is starting to turn after our dear friend Abby gave a nice boost to financials this morning. BKX break of BKX 875 if this materializes is like magic for market turning back down. Whether BKX intraday high of BKX 884.25 is this test of BKX 890 remains to be seen. MITA 1,199: ...<And this BKX will test this BKX 890 again and lets see if BKX blows thru this level or turns back down at the close>... ...<BKX has not had that second close below BKX 875 for me and I was wrong in not waiting for that second close. On the upside, BKX needs to have two closes above BKX 890 for the market to run>... A second close below BKX 875 today would be a technical negative for the market and set up real bad for the market tomorrow going into the employment #'s. Best Regards, J.T.

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