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 (3420)	6/2/2000 1:47:00 AM
From: 2ripley2	Read Replies (1) of 19219

JT & all - BKX symbol... I like www.askresearch.com charts, but I cannot figure out what prefix to add to BKX to get it to give me a chart. Tried ^ & $ to no avail. Any suggestions? In frustration, went to BigCharts (this link may or may not work) bigcharts.com (it's supposed to be a 1-yr bkx) - sorry for so many questions... just trying to make sure I understand how to use BKX as a "leading" indicator. (1) It appears that breaking 850 intraday was a substantial breach of resistance. (unsubstantiated by 2-day confirmation) (2) From Nov-Mar it looks like it was heading in a downtrend (exactly the opposite of the COMP/NDX, in equally dramatic contrast, with a brief rebound in early Jan when Nas temporarily sank... then it rebounded again as the Nas crash began in March & rolled over once again until early May)... OK, here's where I get confused. (3) Since early May, BKX building a significant uptrend. NDX (most recent) uptrend attempt began 3rd week in May. (4) Most interesting conclusion I have just drawn is: in the last few days... BKX + NDX + COMP are all moving relatively together in an uptrend. Unusual? Significance? If my thought process is lacking, please comment. I'm learning. tia, 2rip

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