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 (3583)	6/27/2000 2:42:00 PM
From: J.T.	Read Replies (1) of 19219

I have noted in archives like a broken record importance of UTIL 318 support alongside BKX 780. Today UTIL is getting creamed and slicing thru support like hot knife thru butter. We are now at UTIL 312 down 11 and - 3.4%. BKX has traded below 780 today 8 consecutive days and today hit an intraday high of BKX 786.85 and now trade at BKX 780.54. A failed close below BKX 780 today for me spells imminent danger on the heels of collapse in UTIL. Market is trading extremely heavy and wreaks of distribution. Warning flags are everywhere. SOX down 3.67% IIX and DOT in trouble and must hold right now. NDX ... A house of cards??? Best Regards, J.T.

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