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 (2620)	4/26/2000 1:39:00 PM
From: J.T.	Read Replies (2) of 19219

BKX now backing off significantly from yesterday close of BKX 820 now at BKX 803 down 2%. I will consider yesterday rally a false upside reading if we close below BKX 815. I have noted it in archives we need 2 closes back to back above BKX 815 for DOW to have chance at this DOW 12,000 new highs... On the extreme downside, DOW 9,200 intraday is not out of the question over the next week with this ECI # above high side forecasts which ties into NDX 2,620... Then the bounce... A worst case scenario fwiw... Best Regards, J.T.

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