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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: bobby beara who wrote (3749)7/10/2000 1:45:52 PM
From: J.T.  Read Replies (1) of 19219
 
bobby, glad you got the info needed via pm.

Notice the dichotomy on DOT and IIX not really participating in this little broad market rally, but at different levels in support/resistance levels. Nets must participate to get the next leg up going, if it is going to materialize,

DOT needs to hold this DOT 800 level - now at DOT 799 and going back to end of may support levels. A DOT 60 minute chart:

charts-d.quote.com:443/963250687920?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:DOT.X&Interval=60&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

IIX is more diverse net index with and closer to resistance levels unlike DOT on supports. IIX needs to break thru IIX 500 resistance now at IIX 494. An IIX 30 minute chart:

charts-d.quote.com:443/963251178070?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:IIX.X&Interval=30&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

Best Regards, J.T.
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