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 (1344)	11/18/1999 11:27:00 PM
From: J.T.	Read Replies (2) of 19219

BKX Update: BKX did not participate in today's rally as it closed down - 4.88 to BKX 878.25. BKX is sitting right on its 10 day MA of BKX 878.45. If BKX gets legs and closes above BKX 900 with confirmation from UTIL and bond yields dropping to and below 6%, we will surely get a monster rally into year-end along with DOW and SPX. Right now, we have this potential to retest this BKX 861 level very short term. A close below BKX 861 is bearish and will help pull down the DOW and SPX from recent solid gains. BKX needs to stay above 200 day MA primary support of BKX 843.15. This is not on the radar screen as of yet. Best Regards, J.T.

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