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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: pater tenebrarum who wrote (2101)12/17/1999 4:35:00 PM
From: J.T.  Read Replies (3) of 19219
 
heinz, a strange day indeed. I fought with my computer all day and was locked out of live quotes for most of it. The market closes and I get back online only to find an ugly close and BKX closing below this BKX 752 support. UTIL however has been acting much better as it closed up 1.4% to this UTIL 274.27 and well above support at 268.50. Bond yields at least held steady under this 6.4% to close unchanged at 6.38%. Nevertheless, I will not diminish the significance of this first close below BKX 75. as we finished at BKX 749.05.

Who knows how much triple witch had to do with it.

I will come back at it this weekend.

There are some more important things in life that I must concentrate on right now.

Have a great weekend everybody.

Best Regards, J.T.
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