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 (2236)	1/4/2000 10:43:00 PM
From: fut_trade	Read Replies (1) of 19219

J.T., I showed a monthly chart of the SPX back in November with trendlines. Here is an updated version of the chart. Note that the trendlines have not been touched since last November. Also, the trendlines extend all the way back to 1940 and have been tested numerous times. geocities.com It seems that the Dec 1999 resistance at about 1490 held firm. The current resistance for Jan 2000 is 1503 and the current support is 1064, which means that any significant setback in the economy could see the SPX drop another 300+ points.

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