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 (1586)	12/1/1999 1:45:00 AM
From: J.T.	Read Replies (1) of 19219

BKX UPDATE: Today was the first sign of life in BKX as it closed up for only the second time in the last nine trading days. We have been in deterioration city here in BKX land. We closed at BKX 828 after hitting an intraday high of BKX 837.59 and running short of established MITA resistance of BKX 838. This is the fourth day in a row we have closed below the 200 day MA of BKX 845.50. BKX upside is still limited to trading band between BKX 848 -BKX 840. Support for now is BKX 818 which is above the 50 day MA of BKX 810.70 and rising. 89 day MA is BKX 811. So it is obvious a break of BKX 810 will take us to the mother of demarcation of support at BKX 795 where it really all started post de facto Glass-Steagal termination Act. A break of BKX 795 will most assuredly already have a correction well underway. Best Regards, J.T.

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