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 (2118)	12/23/1999 4:45:00 PM
From: J.T.	Read Replies (1) of 19219

DOW UPDATE: Santa lives as we get the rally to close at a new all time high at DOW 11,405.76 and above this first DOW 11,390 resistance level thoroughly discussed. MITA 1,916 has next resistance target at DOW 11,550 and we are capped at DOW 11,665 for highs for year-end. For new highs to carry forward, we need to have second close above DOW 11,390 combined with this second close BKX above BKX 774. Today BKX closed at BKX 774.22 - minimum right above 774 level previously discussed. DOW 11,900 is remote possibility but for this to happen BKX must get above BKX 795 close. Merry Christmas and Happy Holidays everybody. Best Regards, J.T.

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