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 (3257)	5/23/2000 5:13:00 PM
From: Area51	Read Replies (3) of 19219

Hi JT, I'm drawing my line in the sand at NDX=3000 (closed at 3023) on a closing basis. I'm thinking I will cut my NDX exposure and possibly selling QQQ short (if available?) if 3000 is violated. Good idea ??? The NDX has two support lines converging around the 3000 level: The line connecting the bottoms of October 1998 and October 1999 currently at 3016, and the line through the upper bound of 1999's trend channel currently at 3033. community.metamarkets.com Best Regards, Area51

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