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 (3942)	7/21/2000 11:31:17 AM
From: J.T.	Read Replies (2) of 19219

MSFT now banging on MST 73 support - close to the intraday low of 72 13/16 from Wednesday after the disappointing earnings report. The 50 day MA for MSFT is 72.41. A break of 72 7/16 will take on MSFT 70 in an accelerated selloff. A break of DOW 10,696 and SPX 1,480 would correspond to this break of MSFT now at DOW 10,735 down 109. SPX at 1,482. SPX 1,480 support supercedes all other supports. If this does not break the market will not accelerate lower. Best Regards, J.T.

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