MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lost to Voodoo who wrote (3200)	5/19/2000 5:05:00 PM
From: 2ripley2	Read Replies (3) of 19219

albedo, there might be less margin call pressure this time around though, as it sounds like there are fewer people on heavy margin this time around. I don't have any concrete numbers on this. Any thoughts? Also, as 3400 was considered a short term support which has been tested twice and previously held & bounced... today's close slightly below that is just enough to give one pause to reconsider 3200 or 2900 as the next bottom. Add the descending triangle & the threat of more rate hikes and it doesn't look good short term. I just wish it would go ahead & tank to a level that everyone can agree is the bottom so we can move on. As JT said, this chinese water torture is tough. regards, 2rip

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