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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2741)5/2/2000 1:20:00 PM
From: J.T.  Read Replies (1) of 19219
 
Yesterday morning I mentioned this BKX 780 and SPX 1,480 test. We hit both minimum targets intraday and turned back down. Today BKX is again at this level and failure to get that close above BKX 780 today is very negative. SPX has had no life trying to get above breakeven.

Market is trading very heavy. More backfilling dead ahead in all indices. Looking to exit second day of long SPX at today's close.

Best Regards, J.T.
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