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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: fut_trade who wrote (1620)11/30/1999 4:13:00 PM
From: J.T.  Read Replies (2) of 19219
 
Peter, That was one of the messiest closings I have seen in a long time.

BKX and UTIL were telling me to go long with DOW gaining momentum. But a quick whipsaw and back and forth twice made things all the more confusing.

I am fortunate enough to cancel the long order before the cut-off and stay short.

DOW closed real bad near the lows and below critical 10,880 support at DOW 10,877. This after it bounced hard off of this level only 15 minutes prior to the close.

I will update late tonight.

Best Regards, J.T.
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