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 (1335)	11/17/1999 12:18:00 PM
From: J.T.	Read Replies (2) of 19219

BKX Update: Yesterday MITA had this comment re BKX: ...<BKX was right above BKX 900 at 3.25 est. and inconclusive at that time to make determination. We closed at BKX 908.3 and near session highs. I am looking for this second close above BKX 900 tomorrow to confirm to go long>.... And just as we had one close below BKX 850 (BKX 848)at lower channel, we never got that second confirming close and next day closed at BKX 889. Now we are at the upper channel. We get one close above BKX 900 (BKX 908)yesterday, and as of now not getting second confirmation for that break-out. We are now at BKX 889. It is still early. Did I mention MSFT is breaking down? MSFT near session lows of day at MSFT 85 1/4. Best Regards, J.T.

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