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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (79823)12/15/1999 8:29:00 PM
From: NickSE  Read Replies (2) of 86076
 
Banking indices don't matter and neither do the internals. Only be concerned that MSFT was up today and Alan Greenspan takes two hour bubble baths (c/o A&E TeeVee special). -ng-

...no wonder the banking indices make no headway in spite of Al's money-for-free extravaganza.

BIX (P&F Update) - S & P Banking Index - Last 564.24
finance.yahoo.com^BIX&d=1d
Continues in a downtrend with it's break of its bullish support line at 590 and has given a double bottom sell signal today with its break of 565. A confirmation of the downtrend and a major sell signal looms at * 545 *. Resistance at 595 & 645 (minor) and 665± (bearish resistance line).

BKX (P&F Update) - PHLX Bank Sector - Last 766.16
finance.yahoo.com^BKX&d=1d
Has entered a downtrend today with its break of 770 and is close to a break of 765 which will generate a double bottom sell signal. A confirmation of the downtrend and a major sell signal looms at * 705 *. Resistance at 805 & 860 (minor) and 875± (bearish resistance line).

PS - All disclaimers apply and IDKJS.
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