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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1636)12/3/1999 10:11:00 AM
From: J.T.  Read Replies (1) of 19219
 
DOW UPDATE: Yesterday we closed DOW 11,039 at this upper band resistance of DOW 11,050 we have discussed.

With today's employment relatively benign numbers, DOW has broken out to upside up DOW 180 to this DOW 11,220 level.

New minimum upside target is DOW 11,550. DOW 12,000 will now be the street buzz number so if today's rally holds firm , BKX closes above BKX 848 and Bond Yields finish up at least 24 ticks - DOW 11,900 should be within reach before year end. Let us wait for closing numbers.

Best Regards, J.T.
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