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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (1824)12/8/1999 4:37:00 PM
From: J.T.  Read Replies (1) of 19219
 
NDX 3,160 holds into the bell as we finish at NDX 3,164.08.

NDX 3,160 was breached a few seconds at NDX 3,158 intraday low after we established NDX 3,160 support. This prevented me from going into QQQ puts. Action must be definitive on take-out as this index is teflon-city. Another requirement, violation of SPX 1,402 support held just the same as we finished at session lows at SPX 1,403.88. UTIL also held UTIL 272.50 as we finished at UTIL 273.70

Best Regards, J.T.
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