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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1317)11/17/1999 2:50:00 PM
From: J.T.  Read Replies (1) of 19219
 
DOW has now had this "throwover" of DOW 10,850 test we mentioned last week in MITA 1,317:

...<DOW at upper trading range of DOW 10,650. DOW now at DOW 10,662. A close above DOW 10,650 today, if it materializes, will lead to intraday test of this DOW 10,850 early next week>...

A break and close below DOW 10,880, if it materializes, will begin the commencement of the turn back down. We will get bear confirmation if/when DOW closes below DOW 10,750 on one close.

Best Regards, J.T.

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