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 (1491)	11/29/1999 1:53:00 AM
From: J.T.	Read Replies (1) of 19219

BKX locked in this second close below BKX 200 day MA of BKX 845.16. We closed at BKX 840.02 on Friday after closing at BKX 835.49 on Weds day before Turkey Day. BKX intraday break of BKX 835 will lead to immediate test within two days of new lower support BKX 810 which is the midpoint of this 50 and 89 day MA for BKX. This plan is now terminated in MITA 1,426: Message 12058677 BKX resistance is BKX 848. I will consider DOW close of DOW 11,089 false reading against DOW close above DOW 11,080. In retrospect, I should have asked for two closes above DOW 11,080 for confirmation to go long and this was an oversight on my part. It was against backdrop of fear of loss of runaway train to DOW 12,000. Best Regards, J.T.

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